Global Gas Turbine Market to Reach $55 Billion by 2032 with 8.49% Annual Growth
According to a Credence Research study, the global gas turbine market is expected to double by 2032, driven by growing electricity demand and integration with renewable energy sources.
| Countries | Australie, Chine, Inde, Maroc, États-Unis |
|---|---|
| Companies | Siemens Energy, GE Vernova |
| Sector | Gaz |
| Theme | Marchés & Finance |
The global gas turbine market is on a marked upward trajectory. Valued at $13,379.41 million in 2018, it reached $27,358.34 million in 2024, according to data released by Credence Research. Projections point to a volume of $54,957 million by 2032, representing a compound annual growth rate (CAGR) of 8.49%. This dynamic is driven by rapid industrialization, increasing urbanization, and the need for flexible and efficient energy sources.
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