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The global Industrial Gas Turbines market was valued at US$ 13400 million in 2022 and is projected to reach US$ 15710 million by 2029, at a CAGR of 2.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A Industrial Gas Turbine engine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term ?gas? refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process.
This report aims to provide a comprehensive presentation of the global market for Industrial Gas Turbines, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Industrial Gas Turbines. This report contains market size and forecasts of Industrial Gas Turbines in global, including the following market information:

• Global Industrial Gas Turbines Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global Industrial Gas Turbines Market Sales, 2018-2023, 2024-2029, (Units)
• Global top five Industrial Gas Turbines companies in 2022 (%)

Global Industrial Gas Turbines key players include Siemens, Kawasaki, Solar Turbines, etc. Global top three manufacturers hold a share over 70%.
Europe is the largest market, with a share over 35%, followed by Asia-Pacific, and North America, both have a share over 55 percent.
In terms of product, Less Than 20MW is the largest segment, with a share about 70%. And in terms of application, the largest application is Power Generation, followed by Oil and Gas, etc.
We surveyed the Industrial Gas Turbines manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Industrial Gas Turbines Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Industrial Gas Turbines Market Segment Percentages, by Type, 2022 (%)

• Less Than 20MW
• More Than 20MW

Global Industrial Gas Turbines Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Industrial Gas Turbines Market Segment Percentages, by Application, 2022 (%)

• Power Generation
• Oil and Gas
• Other

Global Industrial Gas Turbines Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)
Global Industrial Gas Turbines Market Segment Percentages, By Region and Country, 2022 (%)

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• The Middle East and Africa (Middle East, Africa)
• South and Central America (Brazil, Argentina, Rest of SCA)

Competitor Analysis
The report also provides analysis of leading market participants including:

• Key companies Industrial Gas Turbines revenues in global market, 2018-2023 (Estimated), ($ millions)
• Key companies Industrial Gas Turbines revenues share in global market, 2022 (%)
• Key companies Industrial Gas Turbines sales in global market, 2018-2023 (Estimated), (Units)
• Key companies Industrial Gas Turbines sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

• GE
• Siemens
• MHPS
• Ansaldo
• Kawasaki
• Solar Turbines
• MAN Energy
• BHEL

Outline of Major Chapters:
Chapter 1: Introduces the definition of Industrial Gas Turbines, market overview.
Chapter 2: Global Industrial Gas Turbines market size in revenue and volume.
Chapter 3: Detailed analysis of Industrial Gas Turbines manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Industrial Gas Turbines in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Industrial Gas Turbines capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.