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Dec 14, 20235 min read

Gas Turbine Combined Cycle Power Plants Market, Global Outlook and Forecast 2023-2029

The gas turbine combined cycle (GTCC) power plant market size is projected to reach USD 140.6 billion by 2030, from USD 94.8 billion in 2022, at a CAGR of 4.5% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


The USA market for Global gas turbine combined cycle (GTCC) power plant market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.



The China market for Global gas turbine combined cycle (GTCC) power plant market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.


The Europe market for Global gas turbine combined cycle (GTCC) power plant market is estimated to increase from USD million in 2022 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.


Combined Cycle Gas Turbines Effectively Challenge The Working And Efficiency Of Conventional, Simply Designed Cycle Plants By Producing Approximately 50.0% More Power From The Same Fuel Used. In Order To Achieve This Result, Combined Cycle Gas Turbines Utilize A Steam And A Gas Turbine In Unison. Moreover, The Waste Heat Produced Out From The Gas Turbine Is Directed Toward The Steam Turbine Close By, Which Creates Additional Power

This report aims to provide a comprehensive presentation of the global market for Gas Turbine Combined Cycle Power Plants, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Gas Turbine Combined Cycle Power Plants. This report contains market size and forecasts of Gas Turbine Combined Cycle Power Plants in global, including the following market information:


  • Global Gas Turbine Combined Cycle Power Plants Market Revenue, 2018-2023, 2024-2029, ($ millions)

  • Global Gas Turbine Combined Cycle Power Plants Market Sales, 2018-2023, 2024-2029, (Units)

  • Global top five Gas Turbine Combined Cycle Power Plants companies in 2022 (%)


The U.S. Market is Estimated at $ Million in 2022, While China is Forecast to Reach $ Million.

40 MW and Below Segment to Reach $ Million by 2029, with a % CAGR in next six years.

The global key manufacturers of Gas Turbine Combined Cycle Power Plants include Kawasaki Heavy Industries, Caterpillar, Doosan Group, Mitsubishi Heavy Industries, Siemens, General Electric, Exelon, Toshiba and Ansaldo Energia, etc. in 2022, the global top five players have a share approximately % in terms of revenue.

We surveyed the Gas Turbine Combined Cycle Power Plants manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Gas Turbine Combined Cycle Power Plants Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Gas Turbine Combined Cycle Power Plants Market Segment Percentages, by Type, 2022 (%)


  • 40 MW and Below

  • 40-120 MW

  • 120-300 MW

  • 300 MW and Above


Global Gas Turbine Combined Cycle Power Plants Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Gas Turbine Combined Cycle Power Plants Market Segment Percentages, by Application, 2022 (%)


  • Power

  • Petroleum

  • Natural Gas


Global Gas Turbine Combined Cycle Power Plants Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Units)

Global Gas Turbine Combined Cycle Power Plants Market Segment Percentages, By Region and Country, 2022 (%)


  • North America (United States, Canada, Mexico)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)

  • Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

  • The Middle East and Africa (Middle East, Africa)

  • South and Central America (Brazil, Argentina, Rest of SCA)​


Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Gas Turbine Combined Cycle Power Plants revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Gas Turbine Combined Cycle Power Plants revenues share in global market, 2022 (%)

Key companies Gas Turbine Combined Cycle Power Plants sales in global market, 2018-2023 (Estimated), (Units)

Key companies Gas Turbine Combined Cycle Power Plants sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:


  • Kawasaki Heavy Industries

  • Caterpillar

  • Doosan Group

  • Mitsubishi Heavy Industries

  • Siemens

  • General Electric

  • Exelon

  • Toshiba

  • Ansaldo Energia

  • Holland Energy


Outline of Major Chapters:


  • Chapter 1: Introduces the definition of Gas Turbine Combined Cycle Power Plants, market overview.

  • Chapter 2: Global Gas Turbine Combined Cycle Power Plants market size in revenue and volume.

  • Chapter 3: Detailed analysis of Gas Turbine Combined Cycle Power Plants manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

  • Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

  • Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

  • Chapter 6: Sales of Gas Turbine Combined Cycle Power Plants in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

  • Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

  • Chapter 8: Global Gas Turbine Combined Cycle Power Plants capacity by region & country.

  • Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

  • Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

  • Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports1.1 Gas Turbine Combined Cycle Power Plants Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Gas Turbine Combined Cycle Power Plants Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Gas Turbine Combined Cycle Power Plants Overall Market Size2.1 Global Gas Turbine Combined Cycle Power Plants Market Size: 2022 VS 20292.2 Global Gas Turbine Combined Cycle Power Plants Revenue, Prospects & Forecasts: 2018-20292.3 Global Gas Turbine Combined Cycle Power Plants Sales: 2018-20293 Company Landscape3.1 Top Gas Turbine Combined Cycle Power Plants Players in Global Market3.2 Top Global Gas Turbine Combined Cycle Power Plants Companies Ranked by Revenue3.3 Global Gas Turbine Combined Cycle Power Plants Revenue by Companies3.4 Global Gas Turbine Combined Cycle Power Plants Sales by Companies3.5 Global Gas Turbine Combined Cycle Power Plants Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 Gas Turbine Combined Cycle Power Plants Companies in Global Market, by Revenue in 20223.7 Global Manufacturers Gas Turbine Combined Cycle Power Plants Product Type3.8 Tier 1, Tier 2 and Tier 3 Gas Turbine Co

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