Top 10 Gas Turbine Manufacturers in the World in 2021 by Capacity

GE Power, Siemens Energy Inc, Mitsubishi Heavy Industries Ltd, Ansaldo Energia SpA, and MAPNA Group are the top 5 gas turbine manufacturers in the world by capacity as of March 31, 2022. Comprehensively, the top 10 gas turbine manufacturers in the world had a capacity of 1,065,793 (MW) as of March 31, 2022, where GE Power was the highest (593,233 MW) and Raytheon Technologies Corp was the lowest (2,367 MW). In aggregate, they generated revenue of $174,216 million, where the highest revenue was generated by Raytheon Technologies Corp ($64,388 million), followed by Caterpillar Inc ($50,971 million). On average 4 out of 10 manufacturers had an average revenue growth increase of 2%. In terms of the geographic split, 4 out of 10 of the world’s top gas turbine manufacturers are based in North America, while 4 are based in the Asia-Pacific and the remaining are based in EMEA. They employed a total of 436,128 people in 2021. The United States of America-based GE Power is the leading gas turbine manufacturer in the world (by capacity). The company is a business division of the General Electric Company and is a provider of power generation and water processing products and related services. The company’s product portfolio includes aero-derivative and heavy-duty gas turbine systems, generators, boilers, steam turbines, air quality control systems, gas engines, reactors, water treatment, wastewater treatment, and process system solutions, among others. The Power Services segment provides maintenance, service, and upgrade solutions for all plant assets over their operational lifecycle. It uses the Industrial Internet for improving the performance of its solutions.