Global Industrial Turbines Market

1. Summary

The Global Industrial Turbines Market was valued at $32.5 bn. in 2025. During the forecast period 2025-2030, it is expected to grow at 4.5% CAGR, to an estimated market size of $40.5 bn. in 2030. A detailed breakdown by segment and geography is provided in the downloadable datasheet.

2. Market Definition

The global industrial turbines market includes the design, manufacturing, and installation of gas and steam turbines used for utility-scale power generation, industrial combined heat and power (CHP), and mechanical drive applications. The scope excludes wind, hydro, and micro-turbines under 1 MW, focusing on heavy-duty and aeroderivative systems that convert thermal energy from natural gas, liquid fuels, or steam into mechanical rotation.

3. Trends & Demand Drivers

Several key trends are expected to significantly impact the Industrial Turbines Market in the period 2025-30:

• The global coal-to-gas transition is accelerating as utilities replace aging coal plants with high-efficiency combined-cycle gas turbines to meet carbon reduction targets.
• Rapid expansion of AI-driven data centers and hyperscale cloud infrastructure is creating a surge in demand for reliable, on-site industrial power generation.
• Manufacturers are prioritizing hydrogen readiness, developing turbines capable of 100% hydrogen combustion or high-percentage hydrogen-natural gas blends.
• Industrial turbines are increasingly utilized as flexible backup power to stabilize the grid and compensate for the intermittency of solar and wind energy.
• The integration of AI and IoT for predictive maintenance is significantly reducing operational downtime and optimizing fuel consumption across industrial fleets.
• There is a structural shift toward aeroderivative turbines in emerging markets due to their quick start-up capabilities and suitability for decentralized power grids.
• Rising adoption of Combined Heat and Power (CHP) systems in the manufacturing sector is improving overall energy efficiency and reducing industrial emissions.

4. Market Breakdown

The downloadable datasheet breaks market sizes and growth rates (CAGRs) down into the following geographies and segments: