Market trends and project updates | Turbine technology
“The CFM56 engine market is the largest and most reliable in the world, making it an ideal candidate for aeroderivative conversion, which will further extend the engine’s life,” said Joe Adams, FTAI Aviation’s Chairman and CEO. “We have over one million square feet of maintenance facilities globally and billions of dollars of engines, which we believe gives us unrivalled capabilities.” Meanwhile, ProEnergy has modified its business model to incorporate turbine OEM capabilities based on its 50 MW PE6000 offering, which has been using modified and refurbished CF6 aviation engines for several years.
Sales trends
Heavy frame and light industrial units dominate the power sector. In North America, this is driven heavily by datacentre development. F, H and J units are enjoying steady orders.
“This 300+ MW range is the fastest growing range in the industrial gas turbine market overall,” said Brough. “GE Vernova, Siemens Energy, and MHI are in a tight battle in this segment with them swapping the lead year to year.” In the aeroderivative sector, the GE Vernova LM2500+ enjoyed a five-year 47.6% share of overall MW capacity orders. It was followed by the LM6000 at 18.3%. The LM2500+ has the largest aeroderivative fleet (more than 1500) followed by more than 1200 LM6000s and roughly the same number of LM2500s. The LM9000 is slowly gaining traction in the market.
“North American aeroderivative shares are very strong, primarily driven by mobile gensets and datacentre power,” said Brough. Dora Partners data reveals that the oil and gas (O&G) sector has seen a drop off in gas
turbine orders over the past seven years. This is particularly pronounced in units sized 1-10 MW and 20-30 MW, which have been heavily deployed in oil and gas for many years. “The majority of gas turbines serving the O&G segment under 20 MW are Solar and Siemens Energy light industrial models,” said Brough. “The Baker Hughes NovaLT16 has also made good progress in the last two years.”
However, there is some growth in the 30–150 MW range. For example, North America saw a market share increase and a total MW increase, primarily due to LNG and pipeline development. “Aeroderivatives remain a very strong player in the oil and gas sector. Some light industrials are also strong,” said Brough.
Solar Turbines is strong in O&G courtesy of its Taurus, Mars, and Titan 130/250 models. The Titan 350 is beginning to gain orders, too, following its introduction in 2022. The Siemens Energy SGT-400 is also increasing in popularity.
Five year predictions Prices for heavy frame, light industrial, and aeroderivative units have risen sharply following unprecedented order volumes. With that level of business expected to continue for at least a couple of years, the very largest units will grab the lion’s share of business. GE Vernova, Siemens Energy, and Mitsubishi H- and J-class orders are expected to be robust.
When projected over five years, Dora Partners expects Siemens Energy (soon to become Omterra) to win on genset value share, slightly ahead of GE Vernova. Siemens Energy SGT-800s could account for about a third of the company’s gas turbine sales. Its E-, F, and H-class machines
will perform well, too. For GE Vernova, Frame 7HA models should account for more than half of the company’s sales in the power sector. In O&G, Dora Partners predicts Baker Hughes will lead the way on capacity orders over the next five years followed by Siemens Energy (Omterra). “Orders for NovaLT units from Baker Hughes have improved and are expected to do well as the company adds more packaging partners,” said Brough.
He also pointed to the Siemens Energy SGT700/750 and SGT800 as well as the Solar Turbines Titan 130/250/350 as turbines that are likely to gain strong orders in O&G over the next 5 to 10 years. Brough ended with a note of caution. Other technologies like small modular reactors and ongoing delays of coal plant retirements have the potential to blunt GT sales. Similarly, geopolitical events could exert an impact either to spur or inhibit expansion.
Additionally, capacity additions in 2025 for utility sized solar photovoltaics exceeded 650 GW globally. At some point, these additions will have a dampening effect on jumbo-sized gas turbines. And then there are supply chain concerns, talk of the AI bubble bursting, and local government/ community resistance to datacentre construction – any of these factors could derail expansion. “Time will tell if the ongoing gas turbine sales boom will continue until the end of the decade,” said Brough. “For the next couple of years at least, we predict strong turbine orders in both power and O&G.”
You can access the complete report, Annual industrial gas turbine outlook, 2025 edition by visiting
www.dora-partners.com.
US gas turbine prices soar 195% as market faces supply–demand crisis
Driven by increased electrification demand, especially around the expansion of datacentres, the US gas turbine market faces a significant market imbalance that will see prices surge until 2027, according to a report from Wood Mackenzie. According to the report, The US gas turbine market: navigating manufacturing scarcity and demand growth, global orders sat at 110 GW at the end of 2025, but global manufacturing capacity is only capable of 60-70 GW. This has pushed prices to new highs, with the market anticipated to reach US$600/kW by end- 2027 — a 195% increase since 2019. “Gas turbines make up an estimated 20 – 30% of project costs for combined cycle projects, and even higher for simple cycle ones, making them by far the largest driver of gas plant costs,” said Aurora Tenorio, senior analyst, Supply Chain at Wood Mackenzie. “This supply constraint, compounded by six-year lead times and order books sold through 2027, has fundamentally shifted the market from fuel-economics-driven decisions to procurement-strategy-driven project viability.” US gas turbine orders are expected to peak in 2026 as developers attempt to secure equipment
US based gas turbine manufacturing capacity, 2025 and 2026. Source: Wood Mackenzie
for 63 GW of gas capacity additions from 2026 to 2030. Datacentre expansion has emerged as the dominant force reshaping the US gas turbine market, representing a fundamental shift in customer composition as AI workloads drive power requirements to unprecedented levels. Wood Mackenzie forecasts datacentre electricity consumption will increase 96% between 2026 and 2031, with AI and cloud expansion becoming the fastest-growing source of new load on the US grid. This demand surge is exemplified by major projects such as SB Energy’s Portsmouth Powered
Land Project, a US$33 billion, 9.2 GW natural- gas-fired facility unveiled in February 2026. The project alone could require between 24 and 30 heavy duty gas turbines for its initial build-out, underscoring the scale of capacity needed to meet America’s surging electricity demand. Original equipment manufacturers are investing heavily to address supply constraints but face significant challenges. GE Vernova is spending over US$160 million to increase production from approximately 50 large-frame turbines annually to 70–80 units by late 2026.
www.modernpowersystems.com | July/August 2026 | 41
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75
