France Gas Turbine Market Size & Outlook, 2023-2030

The gas turbine market in France is expected to reach a projected revenue of US$ 398.0 million by 2030. A compound annual growth rate of 2.1% is expected of France gas turbine market from 2024 to 2030.
Revenue, 2023 (US$M)
$344.0
Forecast, 2030 (US$M)
$398.0
CAGR, 2024 - 2030
2.1%
Report Coverage
France

France gas turbine market highlights

  • The France gas turbine market generated a revenue of USD 344.0 million in 2023 and is expected to reach USD 398.0 million by 2030.
  • The France market is expected to grow at a CAGR of 2.1% from 2024 to 2030.
  • In terms of segment, combined cycle was the largest revenue generating technology in 2023.
  • Combined Cycle is the most lucrative technology segment registering the fastest growth during the forecast period.


Gas turbine market data book summary

Market revenue in 2023USD 344.0 million
Market revenue in 2030USD 398.0 million
Growth rate2.1% (CAGR from 2023 to 2030)
Largest segmentCombined cycle
Fastest growing segmentCombined Cycle
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationOpen Cycle, Combined Cycle
Key market players worldwideAnsaldo Energia, GE Aerospace, Kawasaki Heavy Industries Ltd, ManpowerGroup Inc, Mitsubishi Corp, Opera Ltd ADR, Siemens AG, Caterpillar Inc


Other key industry trends

  • In terms of revenue, France accounted for 3.4% of the global gas turbine market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Europe, Germany gas turbine market is projected to lead the regional market in terms of revenue in 2030.
  • Italy is the fastest growing regional market in Europe and is projected to reach USD 278.5 million by 2030.

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Gas Turbine Market Scope

Gas turbine market segmentation & scope
Open Cycle
Combined Cycle
Greater than equal to 200 MW
>200 MW
Power & Utility
Industrial
Oil & Gas
Power Generation
Marine
Aerospace
Process Plants

Gas Turbine Market Companies

Name Profile # Employees HQ Website

France gas turbine market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas turbine market will help companies and investors design strategic landscapes.


Combined cycle was the largest segment with a revenue share of 95.26% in 2023. Horizon Databook has segmented the France gas turbine market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2018 to 2030.


France has historically relied on nuclear power for the majority of the electricity generation needs. However, the government has recently announced plans to reduce the share of nuclear energy in the energy mix, which could potentially drive the demand for gas-fired power generation systems, including gas turbines.

In February 2023, the government of France announced that it will extend the operating life of its existing nuclear power plants by 10 years as a response to the eastern European geopolitical conflict threatening its energy security. Such factors are expected to restrain the market for gas turbines from 2023 to 2030.

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  • Our clientele includes a mix of gas turbine market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the France gas turbine market , including forecasts for subscribers. This country databook contains high-level insights into France gas turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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France gas turbine market size, by technology, 2018-2030 (US$M)

France Gas Turbine Market Outlook Share, 2023 & 2030 (US$M)

France gas turbine market size, by technology, 2018-2030 (US$M)

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