Canada Gas Turbine Market Size & Outlook, 2026-2033
The gas turbine market in Canada is expected to reach a projected revenue of US$ 1,524.5 million by 2033. A compound annual growth rate of 4.5% is expected of Canada gas turbine market from 2026 to 2033.
- Energy & Power
- Power Generation
- Gas Turbine Market Outlook
- Power Generation
Revenue, 2025 (US$M)
$1,047.2
Estimate, 2026 (US$M)
$1,119.7
Forecast, 2033 (US$M)
$1,524.5
CAGR, 2026 - 2033
4.5%
Canada Gas Turbine Market, 2021-2033 (US$M)
Global Market
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Canada gas turbine market outlook highlights
The Canada gas turbine market outlook generated a revenue of USD 1,047.2 million in 2025 and is expected to reach USD 1,524.5 million by 2033.
- The market is expected to grow at a CAGR of 4.5% from 2026 to 2033.
- In terms of segment, combined cycle was the largest revenue generating technology in 2025.
- Combined Cycle is the most lucrative technology segment registering the fastest growth during the forecast period.
Gas Turbine Market Outlook data book summary
| Market revenue in 2025 | USD 1,047.2 million |
| Market revenue in 2033 | USD 1,524.5 million |
| Growth rate | 4.5% (CAGR from 2026 to 2033) |
| Largest segment | Combined Cycle |
| Fastest growing segment | Combined Cycle |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Open Cycle, Combined Cycle |
| Key market players worldwide | Ansaldo Energia, Ge Aerospace, Kawasaki Heavy Industries Ltd, Manpowergroup Inc, Mitsubishi Corp, Opera Ltd Adr, Siemens Ag, Caterpillar Inc |
Other key industry trends
- In terms of revenue, Canada accounted for 4.6% of the global gas turbine market outlook in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. gas turbine market outlook is projected to lead the regional market in terms of revenue in 2033.
- Canada is the fastest growing regional market in North America and is projected to reach USD 1,524.5 million by 2033.
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Publish Date: Oct 29, 2026
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Gas Turbine Market Scope
Gas Turbine Market segmentation & scope
Gas Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Caterpillar Inc | View profile | 121,173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | www.caterpillar.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| GE Aerospace | View profile | 125,000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | www.geaerospace.com |
| Mitsubishi Corp | View profile | 105,267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | www.mitsubishicorp.com |
| Kawasaki Heavy Industries Ltd | View profile | 38,254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | www.khi.co.jp |
| Ansaldo Energia | View profile | 1001-5000 | Podere Liguria, Emilia-Romagna, Italy, Europe | www.ansaldoenergia.com/ |
| Opera Ltd ADR | View profile | 657 | Vitaminveien 4, Oslo, Norway, 0485 | www.opera.com |
| ManpowerGroup Inc | View profile | 27,900 | 100 Manpower Place, Milwaukee, WI, United States, 53212 | www.manpowergroup.com |
Canada Gas Turbine 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 Market Outlook will help companies and investors design strategic landscapes.
Combined Cycle was the largest segment with a revenue share of 96.1% in 2025.
Horizon Databook has segmented the Canada gas turbine market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2021 to 2033.
- Canada Gas Turbine Market Technology Outlook (Revenue, USD Million , 2021-2033)
- Open Cycle
- Combined Cycle
- Canada Gas Turbine Market Capacity Outlook (Revenue, USD Million , 2021-2033)
- ≤200 MW
- >200 MW
- Canada Gas Turbine Market End-Use Outlook (Revenue, USD Million , 2021-2033)
- Power & Utility
- Industrial
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada Gas Turbine Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Canada Gas Turbine Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Canada Gas Turbine Market, 2021-2033 (US$M)
Canada gas turbine market statistics, by technology 2021 - 2033 (US$M)
