Market overview
The gas turbine market size was valued at USD 10.57 billion in 2024. It is projected to grow from USD 10.95 billion in 2025 to USD 15.46 billion by 2034, exhibiting a CAGR of 3.9% during 2025–2034.
Gas turbines convert fuel energy into mechanical work and electricity through combustion, a rotating compressor, and turbine stages. Historically fueled by natural gas and...
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