Process Plants Gas Turbine Market Report 2026

Process Plants Gas Turbine Market Overview

• Process Plants Gas Turbine market size has reached to $2.36 billion in 2025 • Expected to grow to $3.28 billion in 2030 at a compound annual growth rate (CAGR) of 6.9% • Growth Driver: Growing Infrastructure Development Driving The Market Growth Due To Urbanization and Industrial Expansion • Market Trend: Digital Integration and Domestic Gas Turbine Innovation Driving Efficiency and Reliability in Process Plants • Asia-Pacific was the largest region and fastest growing region.

The key promising market opportunities in the process plants gas turbine market include: • Heavy-Duty Gas Turbines (Segmentation By Type) → Expected gain of $0.54 Billion • Aero-Derivative Gas Turbines (Segmentation By Type) → Expected gain of $0.39 Billion

What Is Covered Under Process Plants Gas Turbine Market?

Process plants gas turbine refers to a combustion engine that converts fuel into mechanical energy to generate electricity and support industrial operations. It functions by compressing air, mixing it with fuel, and igniting the mixture to release high-energy gases that drive the turbine. These turbines play a vital role in delivering efficient and reliable power within process plant environments. The main types of process plants' gas turbines are aero-derivative gas turbines and heavy-duty gas turbines. Aero-derivative gas turbines are lightweight, high-speed turbines derived from aircraft engines, offering flexible and fast-start power solutions for applications such as leisure centers. The gas turbines use various fuel types, including natural gas, distillate liquid, and dual fuel, and operate with different technologies, such as open cycle and combined cycle. They are available in multiple capacities, including less than 50 kilowatts (kW), 50 kilowatts (kW) to 500 kilowatts (kW), 500 kilowatts (kW) to 1 megawatt (MW), 1 megawatt (MW) to 30 megawatts (MW), and above 30 megawatts (MW), and are applied across sectors such as oil and gas, chemicals and petrochemicals, power generation, water and wastewater treatment, metals and mining, and pulp and paper.

What Is The Process Plants Gas Turbine Market Growth Forecast?

The process plants gas turbine market size is expected to see strong growth in the next few years. It will grow to $3.28 billion in 2030 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to increasing adoption of low-emission turbine technologies, rising investments in industrial energy efficiency, expansion of hybrid power generation systems, growing use of digital predictive maintenance, increasing focus on fuel flexibility. Major trends in the forecast period include increasing deployment of high-efficiency combined cycle turbines, growing adoption of digital turbine monitoring systems, rising demand for flexible fuel gas turbines, expansion of modular gas turbine installations, enhanced focus on operational reliability.

What Is The Driver Of The Process Plants Gas Turbine Market?

The growing infrastructure development is expected to propel the growth of the process plants gas turbine market going forward. Infrastructure development refers to the construction and enhancement of essential physical facilities and systems that support industrial operations and economic activities. The rising infrastructure development is due to federal policy initiatives and favorable financing conditions, as lower interest rates reduce project financing costs and encourage both public and private sector investments in construction projects. The expansion of infrastructure projects increases demand for gas turbines as these systems are essential for providing reliable power generation and mechanical drive applications in newly constructed process plants and industrial facilities. For instance, in June 2025, according to the U.S. Energy Information Administration (EIA), a US-based federal agency, developers aim to add 18.7 gigawatts (GW) of combined-cycle capacity to the grid by 2028, with 4.3 GW currently under construction. Therefore, the growing infrastructure development is driving the growth of the process plants gas turbine industry.

How Will The Drivers Impact Growth In The Global Process Plants Gas Turbine Market?

• Increasing Shift From Diesel Generators Or Steam Turbines To Cleaner Gas Turbines (High) – During the forecast period, the increasing shift from diesel generators or steam turbines to cleaner gas turbines is expected to become a key growth driver for the process plants gas turbine market by 2030. The transition from diesel generators and steam turbines to gas turbines is primarily fueled by the growing demand for cleaner, more efficient, and low-emission power generation technologies. Gas turbines provide rapid start-up capabilities, superior thermal efficiency, and significantly lower greenhouse gas emissions compared to conventional alternatives. As a result, they are increasingly preferred by industries seeking to comply with stringent environmental regulations and achieve long-term sustainability objectives. • Increasing Demand For Reliable On-site Power Generation (Medium) – During the forecast period, the increasing demand for reliable on-site power generation is expected to emerge as a major factor driving the expansion of the process plants gas turbine market by 2030. The need for dependable on-site power generation is increasing as process industries aim to reduce operational disruptions and maintain continuous production. Gas turbines deliver consistent, high-efficiency power output, making them well-suited for mission-critical industrial applications. Additionally, their capability to function independently from the main grid enhances operational resilience, particularly in regions facing unreliable or unstable electricity supply. • Rising Investments In The Oil And Gas Sector (High) – During the forecast period, the rising investments in the oil and gas sector is expected to act as a key growth catalyst for the process plants gas turbine market by 2030. Increasing investments in the oil and gas industry are driving higher demand for gas turbines, which are extensively utilized for power generation and mechanical drive applications across upstream and midstream operations. Gas turbines provide superior efficiency, compact configurations, and reliable performance in remote and offshore environments. As exploration and production activities continue to expand, the requirement for robust and dependable turbine systems is expected to rise steadily.

How Will The Restraints Impact Growth In The Global Process Plants Gas Turbine Market?

• High initial investment and maintenance costs (High) – During the forecast period, the gas turbines require significant upfront capital for procurement, installation, and infrastructure setup, which can be a barrier for small or cost-sensitive operators. Additionally, ongoing maintenance, spare parts, and skilled labor add to the total lifecycle cost. These financial demands can limit adoption, especially in developing regions or low-margin industries. • Decline in demand due to increasing shift toward renewable energy (High) – During the forecast period, the growing shift toward renewable energy sources like solar and wind is reducing reliance on fossil-fuel-based power systems, including gas turbines. As governments and industries prioritize low-carbon alternatives, investments are increasingly diverted from traditional thermal technologies. This transition poses a challenge to the long-term demand for gas turbines in process plants. • Limited natural gas reserves (Medium) – During the forecast period, the availability of natural gas is critical for gas turbine operation, but in some regions, reserves are limited or access is restricted. This creates dependency on imports, leading to price volatility and supply uncertainty. Such factors can discourage process plants from adopting gas turbines, especially in areas lacking stable gas infrastructure.

Key Players In The Global Process Plants Gas Turbine Market

Major companies operating in the process plants gas turbine market are Siemens Energy Aktiengesellschaft, General Electric Vernova, Inc., Mitsubishi Electric Corporation, Caterpillar Inc. (Turbomach S.A.), Baker Hughes Company, Rolls-Royce Holdings plc, MAN Energy Solutions, IHI Corporation, Kawasaki Heavy Industries, Ltd., Wärtsilä Oyj Abp, Doosan Group, Harbin Electric Company Limited, Shanghai Electric Group Company Limited, Nanjing Turbine & Electric Machinery Co., Ltd., Bharat Heavy Electricals Limited, Centrax Gas Turbines Ltd., Capstone Green Energy Holdings, Inc., OPRA Turbines B.V., Vericor Power Systems LLC, Enerflex Ltd., Flex Energy Solutions, Inc., Hanwha Power Systems Co., Ltd.

Global Process Plants Gas Turbine Market Trends and Insights

Major companies operating in the process plants gas turbine market are focusing on developing advanced products, such as domestic gas turbines with digital integration, to improve efficiency, reduce emissions, and boost reliability. Domestic gas turbines with digital integration refers to locally manufactured gas turbines equipped with digital monitoring and control systems for improved efficiency, reliability, and maintenance. For instance, in October 2024, Technopromexport, a subsidiary of Rostec, a Russia-based power infrastructure firm, launched the third generating unit at the Udarnaya thermal power plant in Krasnodar Krai, equipped with the GTD-110M turbine. This unit achieved a maximum power output of 115 MW and underwent rigorous testing, including 72 hours of continuous operation at full load, ensuring reliability and integration into Russia’s Unified Energy System. The domestic gas turbine's design emphasizes fuel efficiency, compact size, and lower weight compared to foreign counterparts, while incorporating innovative digital technologies such as additive manufacturing for critical components such as swirlers in the low-emission combustion chamber.

What Are Latest Mergers And Acquisitions In The Process Plants Gas Turbine Market?

In March 2025, GE Vernova Inc., a US-based electric services company, acquired Woodward Inc. for an undisclosed amount. With this acquisition, GE Vernova Inc. aims to strengthen its domestic gas turbine manufacturing capabilities, expand its supply chain, and meet growing global demand for energy solutions. Woodward Inc. is a US-based company that provides comprehensive control solutions for gas turbines in process plants, including power generation, oil, and gas applications.

What Defines the Process Plants Gas Turbine Market?

The process plants gas turbine market consists of revenues earned by entities by providing services such as installation, training, fuel management, remote monitoring, emission control, and efficiency auditing. The market value includes the value of related goods sold by the service provider or included within the service offering. The process plants gas turbine market consists of sales of auxiliary equipment, control systems, filters, compressors, combustion chambers, cooling systems, and exhaust systems. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Process Plants Gas Turbine Market Report 2026?

The process plants gas turbine market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the process plants gas turbine industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.