Middle East & Africa Gas Turbine Market Size & Outlook
Related Markets
MEA gas turbine market highlights
- The MEA gas turbine market generated a revenue of USD 851.9 million in 2024.
- The market is expected to grow at a CAGR of 1.5% from 2025 to 2033.
- In terms of segment, combined cycle was the largest revenue generating technology in 2024.
- Combined Cycle is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2025 to 2033.
MEA data book summary
| Market revenue in 2024 | USD 851.9 million |
| Market revenue in 2033 | USD 997.3 million |
| Growth rate | 1.5% (CAGR from 2025 to 2033) |
| Largest segment | Combined cycle |
| Fastest growing segment | Combined Cycle |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 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, MEA region accounted for 7.7% of the global gas turbine market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- North America is the fastest growing regional market and is projected to reach USD 4,350.5 million by 2033.
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Gas Turbine Market Scope
Gas Turbine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ManpowerGroup Inc | View profile | 27900 | 100 Manpower Place, Milwaukee, WI, United States, 53212 | https://www.manpowergroup.com |
| Opera Ltd ADR | View profile | 657 | Vitaminveien 4, Oslo, Norway, 0485 | https://www.opera.com |
| Ansaldo Energia | View profile | 1001-5000 | Podere Liguria, Emilia-Romagna, Italy, Europe | https://www.ansaldoenergia.com/ |
| Kawasaki Heavy Industries Ltd | View profile | 38254 | Kobe Crystal Tower, 1-3, Higashikawasaki-cho 1-chome, Chuo-ku, Kobe, Japan, 650-8680 | http://www.khi.co.jp |
| Mitsubishi Corp | View profile | 105267 | Mitsubishi Shoji Building 3-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo, Japan, 100-8086 | https://www.mitsubishicorp.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Caterpillar Inc | View profile | 121173 | 5205 N. O'Connor Boulevard, Suite 100, Irving, TX, United States, 75039 | https://www.caterpillar.com |
Middle East & Africa 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 will help companies and investors design strategic landscapes.
Combined cycle was the largest segment with a revenue share of 89.67% in 2024. Horizon Databook has segmented the Middle East & Africa gas turbine market based on open cycle, combined cycle covering the revenue growth of each sub-segment from 2021 to 2033.
Supportive investments from authorities such as Dubai electricity and water authority (DEWA) for Mstation expansion project in the U.A.E. are expected to propel the demand for gas turbines over the forecast period.
The development of floating liquefied natural gas facilities in Africa is expected to boost the demand for gas turbines over the next eight years. Major players such as Bakers Hughes have participated in the development of this project, which is anticipated to supply four turbo-generation units driven by >200 MW gas turbines.
Joint ventures between key players, such as General Electric and Dussur, an industrial development company, for manufacturing gas turbines, are the major drivers aiding gas turbine market growth in this region.
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Target buyers of Middle East & Africa gas turbine market databook
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Our clientele includes a mix of gas turbine market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa gas turbine market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa gas turbine market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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MEA gas turbine market size, by country, 2021-2033 (US$M)
Middle East & Africa Gas Turbine Market Outlook Share, 2024 & 2033 (US$M)
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