The Europe Middle East and Africa (EMEA) Gas Turbine market will grow at a CAGR of 5.91% from USD 8.981 billion in 2025 to USD 11.97 billion in 2030.
Gas turbines finds applicability in manufacturing & power plants and aviation sector among others for producing sufficient power to run mechanical drives. An increase in the number of manufacturing plants or capacity is fueling the demand for energy and hence gas turbines. Improved efficiency and high reliability at a low capital cost are major reasons for the rising demand for gas turbines.
The gas turbine plant can be run in a shorter time, and it requires less water as compared to other alternatives (like condensing steam plants). Effective waste heat brings an added advantage to the use of gas turbines. However, due to government regulations towards achieving a renewable means of manufacturing and a safer environmental condition for workers, the gas turbine market stands to face roadblocks in its growth. Natural gas price volatility and emission control norms are further expected to pose as a market challenge.
Advancements in fuel transitioning coupled with a declining dependence on coal-fired power plants at the is contributing to the EMEA Gas turbine market growth. Additionally, rapid industrialization, urbanization, and growing income have increased demand for uninterrupted power supply thereby driving the overall market demand to sustain the needs of the region.
Moreover, the growing shift towards electricity production through natural gas and other renewable sources is expected to positively impact the usage of modern gas turbines which will keep a constant check on emissions. Such preference coupled with technological innovations will accelerate natural gas-fired power plant usage. Apart from the uses of gas turbines in the air and on land, they are also being used in the sea as mechanical drive gas turbines.
The aviation sector will witness significant growth due to increasing investments in commercial aviation where such turbines serve as auxiliary power units for commercial aircraft. They also find applicability in powering modern choppers and military aircraft as well. Ongoing agreement to bolster military aircraft strength coupled with investments in to improve overall aircraft fuel economy.
The ongoing investment in power generation projects coupled with collaboration and agreements formed for the repairing and replacement of outdated and obsolete power equipment across central and Eastern parts of EMEA are anticipated to drive gas turbine market demand.
EMEA region is also witnessing hefty investments in power generation and oil and gas sectors. This is driving the growth of the gas turbine market. Rapid population growth has increased the overall electricity consumption in such parts which is strengthening the demand for gas turbines in this region. Though renewable energy is becoming a new trend, it cannot meet the rising energy demand.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Europe Middle East and Africa (EMEA) Gas Turbine Market Size in 2025 | US$8.981 billion |
| Europe Middle East and Africa (EMEA) Gas Turbine Market Size in 2030 | US$11.97 billion |
| Growth Rate | CAGR of 5.91% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | United Kingdom, Germany, France, Spain, Denmark, Saudi Arabia, Others |
| List of Major Companies in the Europe Middle East and Africa (EMEA) Gas Turbine Market | |
| Customization Scope | Free report customization with purchase |
Segmentation: