Gas Turbine Market to Reach US$ 54.8 Billion by 2031: Distributed Energy Systems Fuel Growth

The global gas turbine market is poised for robust growth, driven by the increasing demand for reliable power in remote areas and critical facilities. Distributed energy systems, powered by gas turbines, are gaining traction for their flexibility and resilience. This market is expected to reach a value of US$ 54.8 billion by 2031, growing at a CAGR of 4.8% from 2023 to 2031. Advancements in additive manufacturing, the rise of microgrids, and the integration of energy storage solutions are further accelerating the market’s expansion.

Scroll to Top