UAE Gas Turbine Market Size & Outlook, 2023-2030
UAE gas turbine market, 2018-2030 (US$M)
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UAE gas turbine market highlights
- The UAE gas turbine market generated a revenue of USD 99.4 million in 2023 and is expected to reach USD 128.2 million by 2030.
- The UAE market is expected to grow at a CAGR of 3.7% 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 99.4 million |
| Market revenue in 2030 | USD 128.2 million |
| Growth rate | 3.7% (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, UAE accounted for 1.0% 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 Middle East & Africa, Saudi Arabia gas turbine market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 155.8 million by 2030.
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Gas Turbine Market Scope
Gas Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE 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 95.07% in 2023. Horizon Databook has segmented the UAE gas turbine market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2018 to 2030.
The gas turbine market in the U.A.E. is expected to grow in the coming years due to several factors, including the country's ambitious plans to expand its energy infrastructure, the rising demand for electricity, and increasing focus on reducing carbon emissions. The country is focusing on enhancing its energy efficiency. The U.A.E. has implemented several policies and initiatives to promote energy efficiency, including adopting smart grid technologies and implementing building energy codes. Gas turbines are known for their high energy efficiency and can provide an effective solution for meeting the country's energy demands while reducing emissions.
The U.A.E. is a major hub for the aviation industry, and the demand for gas turbines in the aviation industry is expected to grow in the coming years. The country is home to several major airlines and has invested heavily in expanding its aviation infrastructure, including constructing new airports and expanding the existing ones. Gas turbines are used in aircraft engines and can allow for gas turbine manufacturers to cater to the aviation industry’s needs.
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Target buyers of UAE gas turbine market databook
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Our clientele includes a mix of gas turbine market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE gas turbine market , including forecasts for subscribers. This country databook contains high-level insights into UAE gas turbine market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE gas turbine market size, by technology, 2018-2030 (US$M)
UAE Gas Turbine Market Outlook Share, 2023 & 2030 (US$M)
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