Europe's Gas Turbine Market: Driving Towards a Sustainable Energy Future
Key Ideas
  • Gas turbines in Europe are witnessing growth driven by the transition to cleaner energy sources, energy efficiency demands, and modernization projects.
  • High capital costs and maintenance requirements pose challenges to market expansion despite the efficiency benefits of gas turbines.
  • Fluctuating natural gas prices and supply concerns, along with competition from renewable energy sources, present challenges to the market.
  • The integration of hydrogen as a fuel and the modernization of aging power infrastructure offer significant growth opportunities for the European gas turbine market.
The gas turbine market in Europe is on a growth trajectory, with projections indicating a rise in value from USD 2.66 billion in 2024 to USD 3.53 billion by 2033, primarily influenced by a shift towards cleaner energy solutions and energy efficiency demands. Gas turbines play a crucial role in power generation, mechanical drive applications, and propulsion systems across various industries. The transition to cleaner energy sources, driven by the European Green Deal's climate targets, is boosting demand for gas turbines, particularly in combined-cycle power plants that enhance efficiency. However, challenges such as high capital costs, maintenance requirements, fluctuating natural gas prices, and competition from renewables hinder market expansion. An opportunity lies in the integration of hydrogen as a fuel, with turbine manufacturers developing models capable of utilizing high hydrogen blends. Additionally, modernizing aging power infrastructure in Europe presents growth prospects for gas turbines, supported by investments in cleaner energy projects and infrastructure. Despite facing challenges from renewables, gas turbines remain pivotal in Europe's journey towards a sustainable energy future.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.