India Gas Turbine Services Market Size & Outlook

The gas turbine services market in India is expected to reach a projected revenue of US$ 2,578.1 million by 2030. A compound annual growth rate of 12.8% is expected of India gas turbine services market from 2024 to 2030.
Revenue, 2023 (US$M)
$1,111.8
Forecast, 2030 (US$M)
$2,578.1
CAGR, 2024 - 2030
12.8%
Report Coverage
India

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India gas turbine services market, 2018-2030 (US$M)

India gas turbine services market, 2018-2030 (US$M)

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India gas turbine services market highlights

  • The India gas turbine services market generated a revenue of USD 1,111.8 million in 2023 and is expected to reach USD 2,578.1 million by 2030.
  • The India market is expected to grow at a CAGR of 12.8% from 2024 to 2030.
  • In terms of segment, heavy duty was the largest revenue generating turbine type in 2023.
  • Industrial is the most lucrative turbine type segment registering the fastest growth during the forecast period.


Gas turbine services market data book summary

Market revenue in 2023USD 1,111.8 million
Market revenue in 2030USD 2,578.1 million
Growth rate12.8% (CAGR from 2023 to 2030)
Largest segmentHeavy duty
Fastest growing segmentIndustrial
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationHeavy Duty, Industrial, Aeroderivative
Key market players worldwideGE Aerospace, Siemens AG, Mitsubishi Corp, Kawasaki Heavy Industries Ltd, Caterpillar Inc, Ansaldo Energia, Opera Ltd ADR, ManpowerGroup Inc, Abbott Laboratories


Other key industry trends

  • In terms of revenue, India accounted for 3.0% of the global gas turbine services market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In Asia Pacific, China gas turbine services market is projected to lead the regional market in terms of revenue in 2030.
  • Singapore is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,610.6 million by 2030.

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Gas Turbine Services 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
Abbott Laboratories View profile 114000 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 https://www.abbottinvestor.com

India gas turbine services 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 services market will help companies and investors design strategic landscapes.


Heavy duty was the largest segment with a revenue share of 56.23% in 2023. Horizon Databook has segmented the India gas turbine services market based on heavy duty, industrial, aeroderivative covering the revenue growth of each sub-segment from 2018 to 2030.


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Horizon Databook provides a detailed overview of country-level data and insights on the India gas turbine services market , including forecasts for subscribers. This country databook contains high-level insights into India gas turbine services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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India gas turbine services market size, by turbine type, 2018-2030 (US$M)

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

India gas turbine services market size, by turbine type, 2018-2030 (US$M)

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