As per MRFR analysis, the India Gas Turbine Market Size was estimated at 2.99 (USD Billion) in 2023.The India Gas Turbine Market is expected to grow from 3.25(USD Billion) in 2024 to 6.2 (USD Billion) by 2035. The India Gas Turbine Market CAGR (growth rate) is expected to be around 6.048% during the forecast period (2025 - 2035).
Key India Gas Turbine Market Trends Highlighted
The nation's growing energy needs and move toward greener energy sources are driving major trends in the India gas turbine market.
Because of their efficiency and capacity to supply backup power for intermittent renewable sources, gas turbines have become more popular as a result of the increased emphasis on renewable energy, which is encouraged by government programs like the National Solar Mission and the National Wind-Solar Hybrid Policy.
Additionally, the industry is being driven by the government's push to modernize infrastructure and deploy smart grids because gas turbines are more flexible and have faster ramp-up times than conventional coal-fired facilities.
Given the need for infrastructure expansion and investment in natural gas infrastructure, the Indian gas turbine industry offers a plethora of prospects for exploration. More industries are anticipated to switch to gas as their main fuel source as a result of the development of LNG terminals and the extension of the gas pipeline network.
Additionally, both private and state-owned companies are concentrating on modernizing current power plants with more effective gas turbine technology, which can improve performance and lower emissions. The gas turbine industry is increasingly integrating digital technologies, according to recent trends.
Reduced downtime and increased operational efficiency will result from the use of AI and IoT in predictive maintenance. Furthermore, India's regulatory environment is improving, which encourages investment and innovation in the industry.
The market for gas turbines is anticipated to continue expanding as more sectors place a higher priority on sustainability, mirroring the larger shift in India's energy environment towards cleaner energy options.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Gas Turbine Market Drivers
Increasing Demand for Power Generation
The increasing demand for power generation in India is a significant driver for the India Gas Turbine Market. The Government of India has set ambitious targets under the National Electricity Policy to ensure that 24x7 electricity is provided to all by 2022.
This is backed by statistics showing that India's power demand is anticipated to grow annually at a rate of 6% to 8%. The Ministry of Power's reports indicate that the total installed capacity has reached over 377 GW, with gas-based power generation accounting for about 25% of this capacity.
With initiatives like the Pradhan Mantri Ujjwala Yojana encouraging cleaner fuel alternatives, there's a push for gas turbines, which are more efficient and environmentally friendly than coal-based plants. Therefore, the robust growth in electricity demand and government initiatives, such as the introduction of capacity addition schemes, are driving the India Gas Turbine Market.
Shift Towards Renewable Energy Integration
The transition towards renewable energy sources also plays a crucial role in the growth of the India Gas Turbine Market. The Indian government is committed to achieving 450 GW of renewable energy capacity by 2030. To ensure stability in power supply amidst the variable nature of renewables, gas turbines are increasingly being integrated into national grids.
According to the Central Electricity Authority, the share of renewables is expected to reach 50% of the total installed capacity by 2030. This emphasizes the need for flexible gas-powered generation systems that can complement renewable energy sources, thereby enhancing the demand for gas turbines.
Government Policies Supporting Natural Gas Infrastructure
The government policies promoting the use of natural gas as a fuel source are significantly contributing to the growth of the India Gas Turbine Market. The Indian Government's Gas Infrastructure Development Plan aims to elevate the country's gas consumption from 6% to 15% by 2030.
The Petroleum and Natural Gas Regulatory Board is actively working on improving pipeline networks to facilitate the transportation of natural gas.
Enhanced infrastructure not only ensures the availability of gas for gas turbine operations but also makes it a more attractive option for energy generation. This policy shift is supported by the projected increase in natural gas consumption, which is estimated to grow from approximately 53 billion cubic meters in 2020 to around 130 billion cubic meters by 2030, hence boosting the gas turbine market significantly.
India Gas Turbine Market Segment Insights
Gas Turbine Market Type Insights
The India Gas Turbine Market has been experiencing significant growth across various facets, particularly within the Type segments, which comprise Industrial, Heavy-Duty, and aero-derivative gas turbines. Each of these segments plays a critical role in enhancing the operational efficiency and energy resilience of different sectors within the country.
Industrial gas turbines are renowned for their adaptability in various applications, offering operational versatility to industries such as oil and gas, manufacturing, and energy production. Their capability to operate on multiple fuels and generate power in a decentralized manner makes them essential for urban industrial landscapes, particularly in India's rapidly urbanizing regions.
Heavy-Duty gas turbines are primarily employed in large-scale power generation and are celebrated for their high efficiency and flexibility in meeting fluctuating energy demands. They account for a substantial portion of power supply in India, supporting the country’s need for reliable electricity, especially in light of its booming population and industrial base.
The development of advanced heavy-duty gas turbines with improved emissions characteristics and reduced maintenance costs is a notable trend within this segment, aligning with India's objectives of adopting cleaner energy sources and adhering to stricter environmental regulations.
Aeroderivative gas turbines, on the other hand, have carved a niche in India’s energy sector, being favored for their lightweight and compact design that allows for quick deployment. These turbines generally find applications in peaking power plants and provide supplemental power during high-demand periods.
Their efficient start-up times and operational flexibility position them as a crucial resource in stabilizing grid operations as renewable energy sources become more prevalent. The increasing focus on integrating renewable energy, such as wind and solar, in India's energy mix further underscores the importance of Aeroderivative gas turbines in transition periods between varying energy sources.
With the push for modernization in energy infrastructures, the Type segment of the India Gas Turbine Market is expected to adapt swiftly to changing market dynamics, driven by technological advancements and a growing emphasis on sustainability practices.
Insights into market trends indicate a strong potential for each Type to contribute to India's energy landscape, supporting the nation's goals for energy independence and sustainability as set forth in various government initiatives.
The ongoing investment in gas turbine technologies showcases the momentum within this segment, ensuring that it remains a cornerstone of India's advancing energy paradigm. As the market evolves, these types of segments will continue to play significant roles in addressing both current energy needs and future demands in a growing economy.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Gas Turbine Market Rating Capacity Insights
The Rating Capacity segment of the India Gas Turbine Market reflects a diverse landscape, encompassing various power output classes that cater to the dynamic energy requirements of the nation. The segment is divided into capacities of Less Than 40 MW, 40 to 120 MW, 121 to 300 MW, and Above 300 MW, each contributing uniquely to the overall market.
The Less Than 40 MW capacity typically serves smaller industrial clients and remote applications, making it essential for decentralized power generation, particularly in rural areas. The 40 to 120 MW category plays a critical role in supporting mid-sized industries, offering flexibility and efficiency for regional power needs.
In contrast, the 121 to 300 MW segment caters to larger industrial and utility applications, often being pivotal for meeting peak demand. Meanwhile, the Above 300 MW category dominates in large-scale energy projects, significantly contributing to grid stability and renewable integration efforts.
As India advances towards cleaner energy solutions, the capabilities and efficiency of gas turbines across these segments provide critical support in transitioning to a more sustainable power sector.
The market continues to evolve with substantial growth opportunities driven by government initiatives and increasing investments in infrastructure development, which align with the country's objectives to enhance energy security and reduce carbon emissions.
Gas Turbine Market End-User Insights
The End-User segment of the India Gas Turbine Market plays a crucial role in driving market dynamics, reflecting diverse applications across multiple industries. In the power generation sector, gas turbines are integral for enhancing grid reliability and efficiency, especially with India’s ambitious energy transition goals.
The oil and gas industry stands out as a significant consumer due to its need for reliable and efficient energy solutions for extraction and processing activities. Meanwhile, the marine sector increasingly depends on gas turbines for propulsion systems, benefitting from their compact size and efficiency.
Process plants also utilize gas turbines extensively to maintain high operational standards and reduce emissions. Additionally, various other applications contribute to the overall growth within this segment. The India Gas Turbine Market statistics indicate a robust demand fueled by government initiatives aimed at improving energy infrastructure and meeting environmental regulations.
This diverse segmentation underscores the adaptability of gas turbines in varying contexts, making them pivotal in India's energy landscape and illustrating the market growth opportunities that lie ahead.
Gas Turbine Market Technology Insights
The Technology segment of the India Gas Turbine Market has been evolving rapidly, driven by advancements in engineering and a growing need for efficient energy solutions. Open Cycle technology primarily focuses on providing rapid start-up capabilities, making it ideal for peak load demands and ensuring reliability in power generation.
This flexibility is crucial in India, where energy consumption patterns can greatly fluctuate. On the other hand, Combined Cycle technology significantly enhances overall efficiency by utilizing waste heat from gas turbines to generate additional electricity through steam turbines.
This dual approach not only maximizes resource utilization but also supports India's transition towards more sustainable energy practices. Major industries, including power generation and manufacturing, are increasingly adopting these technologies to meet growing energy requirements while reducing carbon emissions.
Additionally, government initiatives promoting green energy and increasing foreign investments are expected to further stimulate growth in this market. With these advancements, the Technology segment of the India Gas Turbine Market holds significant promise in terms of both performance and environmental sustainability.
India Gas Turbine Market Key Players and Competitive Insights
The India Gas Turbine Market is an evolving sector characterized by intense competition and rapid technological advancements. As the country aims to diversify its energy portfolio and reduce reliance on fossil fuels, gas turbines are increasingly seen as a viable solution for efficient power generation.
Key players are leveraging innovations to enhance performance, efficiency, and environmental sustainability, setting the stage for a dynamic competitive landscape. Growing industrialization, infrastructural development, and government policies favoring cleaner energy solutions are propelling the demand for gas turbines, thus attracting both domestic and international manufacturers.
In such a competitive environment, companies are not only competing on technical specifications and pricing but also on service offerings, support, and environmental compliance, along with strategic partnerships and acquisitions to consolidate market presence.
Bharat Heavy Electricals Limited (BHEL) has a formidable presence in the India Gas Turbine Market, benefiting from a strong heritage and established reputation in the power sector. The company specializes in manufacturing gas turbines and associated systems, showcasing a commendable track record in project execution and offering customized solutions that cater to specific client needs.
BHEL's strengths lie in its vast experience spanning several decades, extensive R&D capabilities for technology innovation, and a strong network of service support across the country. Furthermore, its collaboration with various stakeholders in projects enhances its market credibility and allows it to stay competitive amidst the challenges posed by emerging technologies and global players.
Cummins has made significant strides in the India Gas Turbine Market by providing a range of products and services tailored to the energy sector. The company’s offerings typically include gas turbine packages, emission control technology, and after-sales support aimed at enhancing operational efficiency for end-users.
Cummins leverages its global expertise combined with localized strategies to create solutions that align with India’s energy demands. The company's strengths lie in its commitment to research and innovation, as well as its ability to adapt existing technologies for the Indian market.
Additionally, Cummins has established partnerships and joint ventures, facilitating a comprehensive approach while also engaging in strategic mergers and acquisitions to expand its footprint in India. With its focus on sustainability and advancing gas turbine technology, Cummins is well-positioned to contribute significantly to the evolving landscape of the India Gas Turbine Market.
Key Companies in the India Gas Turbine Market Include
India Gas Turbine Market Developments
The India Gas Turbine Market has seen several notable developments recently, particularly in advancements in technology and capacity expansion. Bharat Heavy Electricals Limited has been focusing on enhancing its manufacturing capabilities, responding to rising demand amid a push for cleaner energy solutions.
In October 2023, NTPC Limited announced its intention to expand its gas-based power production, reflecting a significant shift towards cleaner fuel sources. Additionally, General Electric has been actively engaged in partnerships to develop more efficient and competitive gas turbines tailored to India's energy needs.
Recent mergers and acquisitions have also made headlines, notably when Reliance Industries agreed to acquire stakes in select gas turbine projects to bolster its energy portfolio in September 2023, enhancing its influence in the market. Meanwhile, Siemens is investing significantly in the Research and Development of high-efficiency gas turbines, emphasizing technological innovation within the sector.
There was a market valuation increase across key players; for instance, Mitsubishi Power's share prices surged due to announcements of new project developments. These trends indicate a robust trajectory for the India Gas Turbine Market, with increasing collaboration and investment among industry leaders.
India Gas Turbine Market Segmentation Insights
Gas Turbine Market Type Outlook
Gas Turbine Market Rating Capacity Outlook
Gas Turbine Market End-User Outlook
Gas Turbine Market Technology Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 2.99(USD Billion) |
| MARKET SIZE 2024 | 3.25(USD Billion) |
| MARKET SIZE 2035 | 6.2(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.048% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Bharat Heavy Electricals Limited, Cummins, Reliance Industries, Siemens, Oil and Natural Gas Corporation, Indian Oil Corporation, General Electric, Toshiba, NTPC Limited, L and T Power, Mitsubishi Power, Schneider Electric, ABB, Ansaldo Energia |
| SEGMENTS COVERED | Type, Rating Capacity, End-User, Technology |
| KEY MARKET OPPORTUNITIES | Growing demand for clean energy, Industrial sector expansion, Renewable energy integration, Government incentives for power projects, Upgrading aging power infrastructure |
| KEY MARKET DYNAMICS | increasing energy demand, government regulations, renewable energy integration, aging infrastructure, technological advancements |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Gas Turbine Market is expected to be valued at 3.25 USD Billion in 2024.
By 2035, the market is projected to reach a value of 6.2 USD Billion.
The expected CAGR for the market from 2025 to 2035 is 6.048 percent.
By 2035, the Heavy-Duty segment is expected to be valued at 2.75 USD Billion, making it the largest segment.
The Industrial gas turbine segment is valued at 1.3 USD Billion in the year 2024.
Key players include Bharat Heavy Electricals Limited, Cummins, Reliance Industries, Siemens, and General Electric among others.
The Aeroderivative gas turbine segment is estimated to be valued at 0.85 USD Billion by 2035.
Growth drivers include increasing energy demand and advancements in gas turbine technologies.
Current global scenarios and energy trends significantly influence market dynamics and growth opportunities.
The Heavy-Duty segment is projected to have a market value of 1.4 USD Billion in the year 2024.
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Research Analyst Level I In her 3 years of experience in the market research field, she has handled critical cross-domain projects. she has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.she holds an engineering degree and is an mba professional from a well-known university, capable of evaluating the market and competitive conditions. an exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. generated business through active client and project development, networking, and high-quality responses. her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.
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