Gas Turbine Market Heats Up: Top OEMs Fully Booked as Competition Grows

As every first Saturday of each month, welcome to this month’s edition of the GasTurbineHub Newsletter!

In today’s newsletter:

📈 Gas Turbine OEMs Report Record-High Orders – Gas Turbine OEMs fully booked.
🏭 Gas Turbine New Installations – Latest updates on projects and deployments.
⚙️ Gas Turbine Technology Developments – Innovations driving efficiency and performance.
🔥 Hydrogen Gas Turbines – Advancements in hydrogen-powered solutions.
🌍 Carbon Capture and Sequestration Projects – Key progress in reducing emissions.
📅 2025 Events Calendar – Upcoming industry events and opportunities to connect.

Let’s jump right in!

Gas Turbine Orders: A Fully Booked Market for Leading OEMs

The gas turbine market is experiencing a period of intense activity, with the top three manufacturers—GE Vernova, Siemens Energy, and Mitsubishi Power—securing the lion’s share of global orders. According to Global Energy Monitor, these three companies collectively account for nearly two-thirds of gas turbines installed in power plants currently under construction.

Leading the pack, GE Vernova has amassed over 55 gigawatts (GW) in gas turbine orders, reinforcing its dominant position in the market. Siemens Energy follows closely, having reported a record-breaking €120 billion ($131 billion) order backlog in 2024, with a significant portion attributed to gas turbine demand. Similarly, Mitsubishi Power has also secured a strong order pipeline, solidifying its presence in both Asian and North American markets.

The Race to Catch Up: Other OEMs Making Strategic Moves

While the top three manufacturers hold the majority share, other Original Equipment Manufacturers (OEMs) are making strategic advancements to capture market share:

Dongfang Electric (DEC) & Harbin Electric (HEC) (China): These state-backed companies are expanding their influence, particularly in China’s rapidly growing power sector. Government incentives and infrastructure expansion are positioning them as key players in the domestic market, with ambitions to expand exports to developing economies.
MAPNA Group (Iran): Despite geopolitical and economic challenges, MAPNA has continued to strengthen its local supply chain and develop high-efficiency turbine models, aiming to reduce reliance on foreign importsand expand exports to regional markets.
Ansaldo Energia (Italy): This European player has been aggressively innovating to remain competitive, focusing on flexible, hydrogen-ready turbines that align with Europe’s decarbonization targets. Its technological advancements position it as a strong alternative in markets shifting towards low-carbon energy solutions.
GESAT (Saudi Arabia): A joint venture with General Electric, GESAT is supporting local manufacturing in Saudi Arabia’s Vision 2030 push. By combining regional expertise with global technology, GESAT is reinforcing Saudi Arabia’s energy security and export ambitions.

A Fully Booked Market: What This Means for the Industry

With gas turbine manufacturers operating at near full capacity, the market is entering a high-demand phase, driven by:

Global electrification efforts and grid expansion
Data center energy needs, increasing natural gas consumption
Hydrogen-ready turbine projects for long-term decarbonization

For power plant developers, securing early commitments with OEMs is becoming essential, as lead times for new turbines are stretching due to record-high bookings.

With the ongoing energy transition, OEMs are adapting their strategies, expanding into new markets, and focusing on high-efficiency, low-carbon solutions. While the top three manufacturers still dominate, the competition is intensifying as emerging players leverage regional policies, innovation, and partnerships to catch up.

Potential Risks for Existing Operators

While the record-breaking order books of OEMs highlight strong demand for new gas turbines, this could also pose challenges for existing customers who rely on timely overhauls and spare parts availability.

Longer Lead Times for Major Overhauls: With OEMs focusing on new unit deliveries, some end-users may experience delays in securing scheduled maintenance slots, particularly for high-demand turbine models.
Supply Chain Bottlenecks: The global supply chain for critical components (e.g., turbine blades, combustors, control systems) is already strained, and increased demand could further prolong spare parts availability.
Cost Increases & Strategic Planning Needed: Higher demand could lead to rising service costs and longer planning horizons for operators managing gas turbine fleets. Proactive scheduling and early procurement of critical parts may help mitigate risks.

Looking Ahead: With order books at capacity, the gas turbine industry faces critical questions about its ability to meet both new and existing demands. Will supply chain constraints impact the reliability of operational fleets, and how will OEMs balance record-high orders with ongoing service commitments? Meanwhile, emerging players like Ansaldo Energia, MAPNA, and Dongfang Electric are positioning themselves to capture market share—could they challenge the dominance of industry leaders? Finally, is this surge in gas turbine demand a short-term response to immediate energy needs, or does it signal a lasting trend in the energy transition?

Join the Conversation: Sign up for our newsletter to stay updated on developments in gas turbine technology and the energy sector.

The Latest News in a Snapshot

Gas Turbine New Installations

Chevron, GE Vernova Partner to Power AI Data Centers with Natural Gas

“Chevron and GE Vernova, in partnership with Engine No. 1, plan to construct natural-gas power stations to support AI data centers in the U.S., utilising seven GE Vernova 7HA turbines to provide up to 4 gigawatts of power by the end of 2027.”
Source: Chevron (28/01/2025)
Thai Power Plant Goes Online with Mitsubishi Power’s Final Turbine Installation

“Mitsubishi Power successfully completed the engineering, procurement, and construction (EPC) work for Hin Kong Power’s 1,400-MW natural gas-fired gas turbine combined-cycle (GTCC) power plant near Bangkok, Thailand. The EPC completion was marked by the second M701 JAC gas turbine entering commercial operation, with the previous turbine coming online in March 2024.”
Source: Turbomachinery Magazine (22/01/2025)
Project Stargate’s Data Center in Texas to Feature On-Site Natural Gas Plant

“Developers plan to build a natural gas plant producing up to 360.5 MW to power Project Stargate’s first data center in Abilene, Texas. The plant will exclusively supply power to the data center and is expected to cost around half a billion dollars.”
Source: businessinsider.com (27/01/2025)

Gas Turbine Technology Developments

Doosan Enerbility’s new 380 MW H-Class turbine

“Doosan Enerbility has invested over KRW 1 trillion (about $US 700 million) in R&D dedicated to gas turbine development. With completion and delivery of the first Doosan 270 MW gas turbine in 2019, South Korea became the fifth country in the world to develop an H-class gas turbine for power generation.”
Source: Gas Turbine World (31/12/2024)
GE Vernova to invest almost $600 million in U.S. factories and facilities over next 2 years

“GE Vernova announced a significant investment of nearly $600 million in its U.S. factories and facilities over the next two years to meet increasing global electricity demands. Plans include expanding gas turbine manufacturing, with a focus on delivering up to 80 heavy-duty gas turbines per year, adding approximately 20GW of electricity globally. This initiative is expected to create more than 850 new jobs across various locations, including Greenville, SC, Schenectady, NY, Parsippany, NJ, and Bangor, ME.”
Source: GE Vernova News (29/01/2025)
GE Vernova in $20m deal to bring AI robotics to Singapore gas turbine centre

“GE Vernova plans to invest $20 million to integrate artificial intelligence and advanced robotics technologies into its gas turbine global repair service center in Singapore, enhancing repair processes and efficiency.”
Source: Power Engineering International (06/01/2025)

Hydrogen Gas Turbines

GE Vernova Validates 100% Hydrogen-Fueled DLN Combustor Technology

“GE Vernova successfully tested its Dry Low NOx (DLN) combustor prototype, achieving NOx emissions below 25 ppm on 100% hydrogen fuel. The company plans to offer this technology for B- and E-class gas turbines by 2026.”
Source: GE Vernova News (15/01/2025)
PacificLight Power awarded right to build new hydrogen-ready CCGT

“PacificLight Power has been awarded the right to build, own, and operate a hydrogen-ready Combined Cycle Gas Turbine (CCGT) facility on Jurong Island by the Energy Market Authority (EMA). Scheduled to commence operations in January 2029, this will be the largest single, and most efficient, state-of-the-art H-class, CCGT in Singapore, with capacity of at least 600MW.”
Source: PacificLight News (03/01/2025)
Release of 5th Hydrogen Power Generation Handbook by Mitsubishi Power

“Nagasaki Carbon Neutral Park is our R&D base for elemental technologies for hydrogen energy, biomass fuel for power generation, and CO2 capture. Our new initiatives in the park include next-generation hydrogen production technologies such as SOEC, AEM Electrolyzer, and turquoise hydrogen.”
Source: Mitsubishi Power (29/01/2025)

Carbon Capture and Sequestration Projects

2025 Outlook for carbon capture and low-carbon hydrogen project development

“In 2025, companies will focus on advancing mature, commercially viable carbon capture and low-carbon hydrogen projects. Notable final investment decisions include Exxon’s blue hydrogen facility in Texas and Allied Green Ammonia’s project in Australia. Assessing CO₂ storage infrastructure’s technical success is crucial, with U.S. projects potentially delayed by Class VI permit approvals.”
Source: Factset Insight (30/01/2025)
DOE invests $101 million to establish carbon capture test centers

“The U.S. Department of Energy is investing $101 million to establish five test centers aimed at cost-effectively researching and evaluating technologies to capture and convert carbon dioxide.”
Source: U.S. Department of Energy (14/01/2025)
Snam studying binding offer for stake in Eni’s carbon capture unit

“Italy’s Snam is considering a binding offer for a stake in Eni’s carbon capture business, potentially submitting it next month. This follows their collaboration on Italy’s first carbon capture project near Ravenna, aiming to store up to 4 million tons of CO₂ annually by 2030.”
Source: Reuters (22/01/2025)

Gas Turbine Related Events Happening in 2025

BH Annual Meeting 2025
Date: February 2-4, 2025
Location: Florence, Italy (In-person)
Organizer: Baker Hughes
Website: Baker Hughes Events
Key Topics: Sustainable energy, gas turbine development.

501F/G Users Group Annual Meeting
Date: February 9-14, 2025
Location: Tucson, Arizona, USA (In-person)
Organizer: 501F Users Group
Website: 501F Users Group
Key Topics: User experiences, maintenance practices, technology advancements in 501F gas turbines.

ETN CCS Webinar Series – Episode 3
Date: February 6, 2025
Location: Virtual
Organizer: ETN Global
Website: ETN Global Events
Key Topics: Advancing CO₂ capture, RWE’s cutting-edge research, real-world solutions.

POWERGEN International
Date: February 11-13, 2025
Location: Dallas, Texas, USA (In-person)
Organizer: POWERGEN International
Website: POWERGEN International 2025
Key Topics: Power generation technologies, including gas turbines, renewable energy, and decarbonization strategies.

Gas Turbine Fundamentals Seminar
Date: February 11-14, 2025
Location: Savannah, Georgia, USA (In-person)
Organizer: Mechanical Dynamics & Analysis (MD&A)
Website: Gas Turbine Fundamentals Seminar
Key Topics: Gas turbine-generator design, operation, troubleshooting, and maintenance.

Combustion Turbine Operations Technical Forum (CTOTF) Spring Conference
Date: February 23-27, 2025
Location: Daytona Beach, Florida, USA (In-person)
Organizer: Combustion Turbine Operations Technical Forum (CTOTF)
Website: CTOTF Spring Conference
Key Topics: Gas turbine operations, maintenance, and technology updates.

International Conference on Advances in Materials, Manufacturing & Repair for Power Plants
Date: February 25-28, 2025
Location: Indian Wells, California, USA (In-person)
Organizer: ASM International
Website: EPRI 2025
Key Topics: Materials, manufacturing processes, and repair technologies for power plants, including gas turbines.

FT8 Users Group Second Annual Meeting
Date: March 18-20, 2025
Location: Charlotte, North Carolina, USA (In-person)
Organizer: FT8 Users Group
Website: FT8 Users Group
Key Topics: User experiences, maintenance practices, technology advancements in FT8 gas turbines.

ETN Global Annual General Meeting & Workshop
Date: March 25-27, 2025
Location: Bergen, Norway (In-person)
Organizer: ETN Global
Website: ETN Global Events
Key Topics: Industry collaboration, innovation, turbomachinery advancements.

Western Turbine Users Inc 35th Anniversary Conference
Date: March 30-April 2, 2025
Location: Long Beach, California, USA (In-person)
Organizer: Western Turbine Users Inc
Website: WTUI
Key Topics: Gas turbine operations, maintenance, technology updates.

V94.2 (SGT5-2000E AE94.2) Users Conference
Date: April 7-10, 2025
Location: Zagreb, Croatia (In-person)
Organizer: GTUsers
Website: GTUsers Conferences
Key Topics: User experiences, maintenance practices, technology advancements in V94.2 gas turbines.

7F Users Group Conference and Vendor Fair
Date: May 19-23, 2025
Location: Birmingham, Alabama, USA (In-person)
Organizer: 7F Users Group
Website: 7F Users Group
Key Topics: User experiences, maintenance practices, technology advancements in 7F gas turbines.

European HRSG Forum (EHF) 11th International Conference
Date: May 15-17, 2025
Location: Prato, Italy (In-person)
Organizer: European HRSG Forum
Website: EHF
Key Topics: Heat recovery steam generators, combined cycle plants, maintenance strategies.

LM2500 User Group Meeting
Date: June 3-5, 2025
Location: To Be Confirmed (In-person)
Organizer: ETN Global
Website: ETN Global Events
Key Topics: User experiences, maintenance practices, technical updates for LM2500 turbines.

ASME Turbo Expo 2025
Date: June 16-20, 2025
Location: Memphis, Tennessee, USA (In-person)
Organizer: American Society of Mechanical Engineers (ASME)
Website: ASME Turbo Expo
Key Topics: Gas turbine technology, propulsion engineering, energy solutions.

Legacy Turbine Users Group Third Annual Conference
Date: June 16-19, 2025
Location: USA (In-person)
Organizer: Legacy Turbine Users Group
Website: Legacy Turbine Users Group
Key Topics: Frame 5, 6B, and 7EA gas turbines, maintenance, operations.

AOG (Alstom Owners Group) Users Conference
Date: Late June 2025
Location: USA (In-person)
Organizer: AOG Users Group
Website: [AOG Users](https://www.ccj-online)