As per MarkNtel Advisors The South Korea Gas Turbine Market size is valued at around USD 432 million in 2025 and is projected to reach USD 611 million by 2032. Along with this, the market is estimated to grow at a CAGR of around 5.08% during the forecast period, i.e., 2026-32.

South Korea Gas Turbine Market Systems Market Outlook:

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South Korea Gas Turbine Market Systems Market Segmentation:

By Product Type

-Heavy-Duty Gas Turbines- Market Size & Forecast 2020-2032, USD Million

-Industrial Gas Turbines - Market Size & Forecast 2020-2032, USD Million

-Aeroderivative Gas Turbines- Market Size & Forecast 2020-2032, USD Million

By Capacity

-1-2 MW - Market Size & Forecast 2020-2032, USD Million

-2-5 MW - Market Size & Forecast 2020-2032, USD Million

-5.1-7.5 MW - Market Size & Forecast 2020-2032, USD Million

-7.6-10 MW - Market Size & Forecast 2020-2032, USD Million

-10.1-15 MW - Market Size & Forecast 2020-2032, USD Million

-15.1-20 MW - Market Size & Forecast 2020-2032, USD Million

-20.1-30 MW - Market Size & Forecast 2020-2032, USD Million

-30.1-40 MW - Market Size & Forecast 2020-2032, USD Million

-40.1-100 MW - Market Size & Forecast 2020-2032, USD Million

-100.1-150 MW - Market Size & Forecast 2020-2032, USD Million

-150.1-300 MW - Market Size & Forecast 2020-2032, USD Million

-300.1+ MW - Market Size & Forecast 2020-2032, USD Million

By End User

-Power Generation Plants- Market Size & Forecast 2020-2032, USD Million

-Oil & Gas & Petrochemical Industry- Market Size & Forecast 2020-2032, USD Million

-Industrial & Manufacturing Sector- Market Size & Forecast 2020-2032, USD Million

-Aerospace & Defense- Market Size & Forecast 2020-2032, USD Million

-Renewable Energy Hybrid Systems- Market Size & Forecast 2020-2032, USD Million.

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Comprehensive Analysis: Preview detailed market analysis, including segmentation, competitive landscape, and Geographical insights – https://www.marknteladvisors.com/research-library/gas-turbine-market-south-korea

South Korea Gas Turbine Market Drivers:

Coal-to-Gas Conversion Policy Driving Gas Turbine Demand

South Korea’s Gas Turbine Market is strongly driven by the government’s Coal-to-Gas Conversion Policy under the Ministry of Trade, Industry, and Energy (MOTIE). The policy, introduced in 2023, includes plans to convert 24 coal-fired power units into gas-based POWER turbines by 2034, promoting cleaner and more efficient energy production. This transition is expected to significantly increase demand for high-capacity gas turbines and advanced retrofit technologies.

Additionally, utilities such as Korea Southern Power (KOSPO) are implementing conversion projects totaling 3GW of capacity between 2026 and 2031, supporting the national goal of reducing carbon emissions while maintaining grid stability. This large-scale replacement of coal units’ positions with gas turbines is a central technology in Korea’s energy transformation strategy.

Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
• In-depth pricing trends and segment-wise cost evaluations
• Key industry strategies, including innovation, partnerships, and acquisitions
• Critical value chain analysis and stakeholder profiling
• Regional import-export market insights and trade flow assessment
• Thorough competitive benchmarking of top hearing aid manufacturers
• Identification of new growth opportunities and niche market segments
• Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the South Korea Gas Turbine Market are:

Mitsubishi Heavy Industries, General Electric (GE) Korea, Siemens Energy Korea, Ansaldo Energia (Korea Branch), Turbowin Global, T&S – Technology and Services, Hanwha Techwin,

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

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MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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