Industrial Production Products & Services · Direct
Monitoring · monthlyProcurement Category Intelligence
Gas Turbines
Overview
Market size
$6.0B
global, USD
CAGR
4.7%
base to forecast
Buyer power
-2.0
supplier-favoured
Suppliers
6
tracked players
Signals
12
4 high severity
Market outlook
2031$7.5B
What changed
Demand by region
Asia Pacific demand35%
North America demand25%
Middle East & Africa demand20%
Europe demand12%
Rest of world demand8%
share of global demandtotal 100%
Cost drivers
Raw Materials and Superalloys40%
Precision Engineering and Manufacturing Labor25%
Research, Development and Engineering Design15%
Thermal Barrier Coatings and Processing10%
Testing, Logistics and Delivered Installation10%
share of delivered cost (analyst estimate)