The global gas turbine market is expected to grow from USD 18.9 Billion in 2021 to reach USD 22.5 Billion by 2026, at a CAGR of 3.6% during the forecast period, owing to an increase in demand of gas turbines in power generation. Gas turbines are majorly used for power generation. However, they are also used for mechanical drive purposes and in jet engines. Gas turbines are majorly used for power generation. However, they are also used for mechanical drive purposes and in jet engines. Gas turbines are preferred in small and medium industries, as their initial installation cost is less than that of steam and diesel power plants. Gas turbine power plants are widely used as medium-sized peak load plants used to run intermittently during short durations of high power demand on an electric system.