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Gas Turbine Market: Surging Data Center Power Demand and Multi-Year Order Backlogs to Drive Market Growth

The global gas turbine market was valued at over USD 28 billion in 2025 and is projected to register a compound annual growth rate of approximately 9.7% from 2026 to 2035. The market covers heavy-duty and aeroderivative gas turbines used in utility power generation, industrial cogeneration, and oil and gas applications, sold to utilities, independent power producers, and data center developers. Global gas turbine order volume reached approximately 100 GW in 2025, up sharply from 57.4 GW in 2024, driven in large part by surging electricity demand from data centers and artificial intelligence infrastructure, alongside continued demand from coal-to-gas conversion projects and aging fleet replacement.

The market is expected to grow steadily through the forecast period, owing to sustained data center power demand, extended turbine delivery lead times that continue to support order backlogs stretching into the early 2030s at several manufacturers, and ongoing capacity expansion investments by leading suppliers. Manufacturers have responded to the surge in orders by announcing significant manufacturing capacity expansions, though wait times for large gas turbines have nonetheless increased from approximately two to three years historically to as long as seven years currently. Demand is expected to moderate slightly from 2025 peak levels but remain well above the historical annual average through 2030.

Executive Snapshot

What is the size and growth rate of the global gas turbine market?
The market was valued at over USD 28 billion in 2025 and is projected to grow at approximately a 9.7% compound annual growth rate from 2026 to 2035, supported by sustained data center and AI infrastructure power demand.

How much did global gas turbine order volume grow in 2025 compared to the prior year?
Global order volume reached approximately 100 GW in 2025, up sharply from 57.4 GW in 2024, according to Mitsubishi Power, which also projected continued strong demand through the remainder of the decade.

Why have gas turbine delivery lead times extended so significantly in recent years?
Wait times for large gas turbines have increased from roughly two to three years historically to as long as seven years currently, due to a sharp rise in orders driven substantially by data center electricity demand.

How are major manufacturers responding to the surge in gas turbine order volume?
Manufacturers including Mitsubishi Heavy Industries have announced plans to double gas turbine manufacturing capacity over a two-year period in direct response to surging demand.

What role has aeroderivative gas turbine technology played in meeting near-term data center power needs?
Aeroderivative units, including those supplied by GE Vernova under multi-unit orders for AI data center customers, offer shorter installation timelines than large heavy-duty turbines, making them attractive for fast-track power needs.

What technical standards govern gas turbine design, emissions, and safety requirements globally?
Design and safety requirements are shaped in part by standards coordinated through the International Electrotechnical Commission, alongside region-specific emissions regulations that vary across major markets.

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Market Dynamics: Gas Turbine Market

  • Global gas turbine order volume nearly doubled in 2025 relative to 2024, driven substantially by data center demand. Due to this, order volume reached approximately 100 GW in 2025, according to Mitsubishi Power, up from 57.4 GW the prior year.
  • Turbine delivery lead times have extended significantly, creating a multi-year order backlog across leading manufacturers. Wait times for large units have grown from two to three years historically to as long as seven years currently, due to the scale of recent order volume.
  • Leading manufacturers have announced significant capacity expansion in direct response to surging demand. Mitsubishi Heavy Industries announced plans to double gas turbine manufacturing capacity over two years, while GE Vernova and Siemens Energy have each invested in expanded blade, vane, and generator manufacturing capability.
  • Aeroderivative gas turbines have gained traction as a faster-to-deploy option for data center power needs. Multi-unit orders for aeroderivative packages from GE Vernova reflect growing customer preference for shorter-lead-time turbine formats among data center developers.
  • Order demand has remained geographically concentrated in North America and the Middle East, with growing activity in Asia. Regional order data referenced by Mitsubishi Power shows North America and the Middle East accounting for the largest share of recent order volume, with emerging demand in East and Southeast Asia.
  • Industry forecasts point to demand moderating slightly from 2025 peak levels while remaining well above historical norms. Manufacturers expect annual order volume to settle around 70 GW per year through 2030, according to recent guidance, still well above the 40 GW levels recorded in 2019 and 2020.

Market Segmentation: Gas Turbine Market

By Fuel Type
  • Natural Gas
  • Liquid Fuels (Diesel/Kerosene/LPG)
  • Other Fuel Types (Hydrogen, Biogas)
By Product
  • Heavy Duty
  • Light Industrial
  • Aeroderivative
By Technology
  • Open cycle
  • Combined cycle
By Application
  • Power Utilities
  • Oil & Gas
  • Manufacturing
  • Aviation
  • Data Centers
  • Others
By Capacity
  • 1-2 MW
  • 2-5 MW
  • 5-7.5 MW
  • 7.5-10 MW
  • 10-15 MW
  • 15-20 MW
  • 20-30 MW
  • 30-40 MW
  • 40-100 MW
  • 100-150 MW
  • 150-300 MW
  • 300+ MW
By Geography
  • North America: United States, Canada, and Mexico
  • Europe:  Germany, U.K., France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Australia, New Zealand, Taiwan, South East Asia, and Rest of Asia Pacific
  • Latin America: Brazil, Argentina, Columbia, Chile, Peru, and Rest of Latin America
  • Middle East: Saudi Arabia, United Arab Emirates, Oman, Qatar, and Rest of Middle East
  • Africa: Nigeria, Egypt, Ethiopia, South Africa, and Rest of Africa

Key Growth Drivers: Gas Turbine Market

  1. Surging data center and AI infrastructure electricity demand is the primary driver of recent gas turbine order growth. Due to this, order volume at manufacturers including GE Vernova has reached record levels, and the market is expected to grow on the back of sustained data center demand through the latter half of the decade.
  2. Continued coal-to-gas conversion and aging fleet replacement is supporting steady baseline order demand. Ongoing plant conversion and replacement activity continues to support gas turbine orders independent of data center-specific demand.
  3. Significant manufacturing capacity expansion by leading suppliers is expected to gradually ease delivery constraints. Capacity expansion announced by Mitsubishi Heavy Industries and competing manufacturers is expected to gradually improve delivery timelines, though wait times are likely to remain elevated in the near term.
  4. Growing preference for aeroderivative turbines among data center customers is expanding that segment’s addressable demand. Shorter installation timelines continue to support aeroderivative order growth at GE Vernova relative to larger heavy-duty turbine platforms.
  5. Sustained strong order intake across North America and the Middle East continues to anchor global demand. Regional order strength reported by Mitsubishi Power continues to anchor overall global gas turbine demand.
  6. Growing long-term service agreement adoption is supporting more predictable manufacturer revenue alongside new equipment sales. Expanding service agreement adoption at Siemens Energy continues to provide gas turbine manufacturers with more stable, recurring revenue streams.

Regional Outlook: Gas Turbine Market

  • North America: Largest single regional gas turbine order market, with order volume in the first half of 2025 surpassing the full-year 2024 total, driven by data center demand and supported by GE Vernova.
  • Middle East and North Africa: Second-largest regional order market, with strong activity from Mitsubishi Power across major combined-cycle and independent power projects.
  • Asia-Pacific: Growing order activity, including a large-scale combined-cycle project win at Taiwan’s Tung Hsiao Power Plant for Mitsubishi Power, alongside emerging demand in South Korea and Southeast Asia.

Competitive Landscape: Gas Turbine Market

Notable key players include GE Vernova, Siemens Energy, Mitsubishi Power, Ansaldo Energia, Baker Hughes, Doosan Enerbility, Kawasaki Heavy Industries, and Solar Turbines.

Recent Developments

  • Mitsubishi Power stated in October 2025 that it expects global gas turbine orders to rise more than 20% for the year, surpassing the 70-gigawatt level, driven by strong demand from the United States and the Middle East.
  • Mitsubishi Heavy Industries confirmed in September 2025 plans to double its gas turbine manufacturing capacity over two years, citing surging orders driven significantly by data center and AI infrastructure power demand.
  • GE Vernova and Crusoe announced in July 2025 a deal for 29 LM2500XPRESS aeroderivative gas turbine units to power AI data centers, expected to deliver nearly 1 GW of electricity once both order tranches are fully deployed.

Consultant POV

The gas turbine market has experienced an unusually sharp demand surge over the past two years, with global order volume nearly doubling in 2025 compared to 2024, driven substantially by data center and AI infrastructure power needs rather than traditional utility replacement cycles alone. This has pushed delivery lead times to multi-year highs and prompted significant manufacturing capacity expansion announcements across the leading suppliers. While order volume is expected to moderate somewhat from 2025 peak levels, manufacturer guidance suggests demand will remain well above historical norms through 2030. Overall, the market is expected to grow due to sustained data center power requirements, continued fleet replacement activity, and expanding manufacturing capacity gradually working through existing order backlogs.

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About Constancy Researchers Private Limited

Constancy Researchers is a global market intelligence and strategic advisory firm helping organizations navigate complex markets and make high-impact decisions with confidence. In an environment defined by rapid technological change, shifting demand patterns, and evolving competitive dynamics, we provide clarity where it matters most—at the point of decision-making. By combining deep industry understanding, rigorous analytics, and structured thinking, we enable leadership teams to identify opportunities, mitigate risks, and build strategies that drive sustainable growth.

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