France Gas Turbine Market Size & Outlook, 2023-2030
France gas turbine market, 2018-2030 (US$M)
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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 2023 | USD 344.0 million |
| Market revenue in 2030 | USD 398.0 million |
| Growth rate | 2.1% (CAGR from 2023 to 2030) |
| Largest segment | Combined cycle |
| Fastest growing segment | Combined Cycle |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open Cycle, Combined Cycle |
| Key market players worldwide | Ansaldo 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 Companies
| Name | Profile | # Employees | HQ | Website |
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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.However, restraints such as the countries low natural gas projection and reduction of imports from Russia are expected to hinder market growth over the forecast period. 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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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)
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