UK Gas Turbine Market Size & Outlook, 2025-2033
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UK gas turbine market highlights
- The UK gas turbine market generated a revenue of USD 490.6 million in 2024 and is expected to reach USD 555.5 million by 2033.
- The UK market is expected to grow at a CAGR of 1.1% from 2025 to 2033.
- In terms of segment, combined cycle was the largest revenue generating technology in 2024.
- 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 2024 | USD 490.6 million |
| Market revenue in 2033 | USD 555.5 million |
| Growth rate | 1.1% (CAGR from 2025 to 2033) |
| Largest segment | Combined cycle |
| Fastest growing segment | Combined Cycle |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| 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, UK accounted for 4.5% of the global gas turbine market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Europe, Germany gas turbine market is projected to lead the regional market in terms of revenue in 2033.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 273.6 million by 2033.
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Gas Turbine Market Scope
Gas Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ManpowerGroup Inc | View profile | 27900 | 100 Manpower Place, Milwaukee, WI, United States, 53212 | https://www.manpowergroup.com |
| Opera Ltd ADR | View profile | 657 | Vitaminveien 4, Oslo, Norway, 0485 | https://www.opera.com |
| Ansaldo Energia | View profile | 1001-5000 | Podere Liguria, Emilia-Romagna, Italy, Europe | https://www.ansaldoenergia.com/ |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
UK 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 96.17% in 2024. Horizon Databook has segmented the UK gas turbine market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2021 to 2033.
The gas turbine market in the UK is expected to grow due to several factors, including the country's aging power infrastructure and the need for more efficient and flexible power generation systems.
One of the primary drivers for the gas turbine market in the UK is increasing focus on energy security, which is driving the need for more reliable and resilient power generation systems that can operate during extreme weather conditions.
The country has been looking into expanding natural gas in its energy mix. The UK is one of the largest producers of natural gas in Western Europe making gas-powered electricity generation cheaper as compared to other electricity generation Sources.
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Our clientele includes a mix of gas turbine market companies, investment firms, advisory firms & academic institutions.
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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 UK gas turbine market , including forecasts for subscribers. This country databook contains high-level insights into UK gas turbine market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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UK gas turbine market size, by technology, 2021-2033 (US$M)
UK Gas Turbine Market Outlook Share, 2024 & 2033 (US$M)
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