Iraq Gas turbine Market (2025-2031) | Trends, Value, Revenue, Outlook, Forecast, Size, Analysis, Growth, Industry, Share, Segmentation

Iraq Gas Turbine Market Highlights

Report Name	Iraq Gas Turbine Market
CAGR	5%
Growing Sector	Energy
Forecast Period	2025-2031

Topics Covered in Iraq Gas Turbine Market Report

The Iraq Gas Turbine Market report provides an in-depth analysis of the market by Design Type, by Application, by Technology, and by Capacity. It highlights the market trends, growth drivers, challenges, and opportunities that will help stakeholders devise strategies for growth during the forecast period of 2025-2031. The report also covers the competitive landscape, market dynamics, key players, and major investments in the sector.

Iraq Gas Turbine Market Synopsis

The Iraq Gas Turbine Market is set for steady growth, driven by rising energy demand and infrastructure development. Gas turbines are crucial in the energy sector for power generation and mechanical drive applications. Iraq's efforts to improve energy generation capacity and diversify its energy sources are contributing to the market's growth. The government's investment in infrastructure projects and efforts to address power shortages are vital factors in boosting the demand for gas turbines. Additionally, Iraq's efforts to enhance its oil and gas infrastructure are expected to support the market further. The growth of natural gas utilization as a cleaner fuel source further propels the need for gas turbines in the region. According to market projections, the Iraq Gas Turbine Market is estimated to witness a CAGR of 5% from 2025 to 2031.

According to 6Wresearch, Iraq Gas Turbine Market size is projected to witness a CAGR of 5% during the forecast period of 2025-2031. The Iraq gas turbine market is driven by the growing demand for reliable electricity generation to support the nation's economic growth and urban development. Increasing population and rapid industrialization have heightened electricity consumption, creating a pressing need for efficient and scalable power generation solutions. Government initiatives aimed at modernizing the energy infrastructure and reducing reliance on outdated systems further propel the adoption of gas turbines. Additionally, the availability of natural gas as a primary fuel source provides a cost-effective and cleaner alternative compared to other fossil fuels, aligning with global trends toward reduced carbon emissions.

The nation’s energy infrastructure, damaged by decades of conflict and underinvestment, poses logistical and operational difficulties for project implementation. Frequent political instability and regulatory uncertainties contribute to delays in infrastructure development and discourage foreign investment. Another significant challenge is the limited availability of skilled personnel for the operation and maintenance of gas turbines, often resulting in increased dependency on external expertise. Additionally, fluctuations in global oil and gas prices can affect the cost-efficiency of gas turbine projects, complicating budget planning and long-term strategy.

Iraq Gas Turbine Market Trends

• Adoption of Combined Cycle Power Plants – The integration of gas turbines with steam turbines in combined cycle power plants is becoming more common in Iraq. This setup increases efficiency and reduces operational costs, making it a preferred choice for energy generation.
• Shift to Cleaner Energy Sources – As part of its efforts to reduce its carbon footprint, Iraq is focusing on leveraging natural gas and renewables in power generation, which drives the demand for advanced and efficient gas turbines.
• Energy Efficiency Improvement – The adoption of high-efficiency gas turbines is growing in Iraq. These turbines not only enhance power output but also reduce fuel consumption, contributing to better environmental sustainability.
• Investment in Power Generation Capacity – Large-scale infrastructure projects aimed at improving the energy generation and distribution networks in Iraq are driving the demand for gas turbines to meet the rising electricity needs.

Investment Opportunities in Iraq Gas Turbine Market

• Infrastructure Development – Iraq's growing energy infrastructure needs fuel the demand for advanced gas turbines, creating opportunities for investment in power plants and energy-efficient systems.
• Expansion of Combined-Cycle Power Plants – The rising demand for reliable and efficient electricity opens doors for investments in combined-cycle power generation facilities, which require state-of-the-art gas turbines.
• Natural Gas Exploration and Utilization – As Iraq looks to maximize its natural gas reserves, investments in gas turbines that use this abundant resource will present lucrative opportunities for manufacturers.
• Upgrading Power Generation Systems – With older turbines in many existing power plants, there is a significant opportunity to upgrade or replace outdated equipment with more efficient and environmentally friendly turbines.

Iraq Gas Turbine Market: Leading Players

The Iraq Gas Turbine Market is influenced by several global and regional players who provide turbines and related technology for power generation. Companies like General Electric (GE), Siemens Energy, and Mitsubishi Power dominate the market by offering high-performance turbines. These companies are actively involved in the region through partnerships with local firms, joint ventures, and investments in Iraq’s infrastructure development projects. By focusing on energy efficiency and clean technology, they are securing a strong foothold in the market and driving growth.

Iraq Gas Turbine Market: Government Initiatives

The Iraqi government has been making strides in improving the country’s energy infrastructure. The government's push for energy diversification and modernization of power generation capabilities includes promoting the use of natural gas and renewable energy sources. Incentives for foreign investments and collaborations with multinational companies have helped develop the gas turbine market. Additionally, Iraq’s power sector is receiving substantial support from international financial institutions, which are funding modernization and expansion projects to enhance electricity availability across the nation.

Future Insights of Iraq Gas Turbine Market

The Iraq Gas Turbine Market is expected to experience steady growth due to increasing energy demand, infrastructure development, and the adoption of clean technologies. Investments in natural gas utilization, the expansion of power plants, and advancements in turbine technology are expected to shape the future of the market. Additionally, the growth of combined-cycle power plants, which use gas turbines to improve efficiency, will drive the demand for modern turbines. Moreover, Iraq’s efforts to improve power supply reliability and address energy deficits will provide opportunities for continued market expansion.

Power Generation to Dominate the Market - By Application

According to Ravi Bhandari, Research Head, 6Wresearch, Power generation is expected to dominate the Iraq Gas Turbine Market during the forecast period. Gas turbines are commonly used in combined-cycle power plants, where they are coupled with steam turbines to increase energy efficiency. Iraq’s energy demand is rising, and the need for reliable and efficient electricity generation is essential for meeting the needs of its growing population. Gas turbines provide an ideal solution, as they can be used for base-load power generation, as well as peak-load capacity, contributing to the stability of the national grid.

Open Cycle to Dominate the Market – By Technology

The open cycle configuration plays a significant role in Iraq's gas turbine market, offering a fast and efficient solution for electricity generation. Open cycle gas turbines (OCGTs) operate by converting natural gas or liquid fuels into mechanical energy and subsequently electrical energy without the additional complexity of heat recovery systems. This simplicity allows for quicker installation and lower upfront costs compared to combined cycle systems. Given Iraq's growing energy demands and the need for quick deployment of power solutions to mitigate electricity shortages, OCGTs provide a viable and often preferred option. This technology is particularly valuable in regions with fluctuating energy requirements, where plants must rapidly adjust their output to meet demand.

Aeroderivative to Dominate the Market – By Design Type

Aeroderivative gas turbines are increasingly gaining prominence in Iraq's gas turbine market due to their flexibility, efficiency, and rapid deployment capabilities. Originally developed from aircraft engines, aeroderivative turbines are lightweight and compact, making them especially suitable for locations with space constraints or where mobility is crucial. Their high efficiency and ability to start and stop quickly allow them to play a critical role in meeting peak power demands and supporting grid stability. For Iraq, where energy infrastructure faces numerous challenges, these turbines provide a scalable and reliable solution, particularly in remote or underserved areas. Additionally, their lower emissions and potential for integration with renewable energy sources align with broader global aspirations for cleaner energy solutions.

<200 MW to Dominate the Market – By Capacity

Gas turbines with a capacity of less than 200 MW are playing a crucial role in addressing Iraq's energy needs, particularly in areas with limited infrastructure or specific localized power requirements. These turbines are highly adaptable and ideal for small-to-medium-scale applications, including industrial facilities, urban centers, and remote areas where larger power plants may not be feasible. Their relatively compact size allows for faster installation and reduced environmental impact, which can be particularly advantageous in regions with geographical or logistical challenges. Furthermore, <200 MW turbines are often favored for their cost-effectiveness and operational reliability, providing an efficient pathway to bolster energy supplies while complementing Iraq’s ongoing efforts to modernize its energy landscape.

Key Attractiveness of the Report

• 10 Years Market Numbers
• Historical Data Starting from 2021 to 2031
• Base Year: 2024
• Forecast Data until 2031
• Key Performance Indicators Impacting the Market
• Major Upcoming Developments and Projects

Key Highlights of the Report:

• Iraq Gas turbine Market Outlook
• Market Size of Iraq Gas turbine Market, 2024
• Forecast of Iraq Gas turbine Market, 2031
• Historical Data and Forecast of Iraq Gas turbine Revenues & Volume for the Period 2021 - 2031
• Iraq Gas turbine Market Trend Evolution
• Iraq Gas turbine Market Drivers and Challenges
• Iraq Gas turbine Price Trends
• Iraq Gas turbine Porter's Five Forces
• Iraq Gas turbine Industry Life Cycle
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Technology for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Open Cycle for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Combined Cycle for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Power Generation for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Oil & Gas for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Other for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Design Type for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Heavy Duty for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Aeroderivative for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By Capacity for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By <200 MW for the Period 2021 - 2031
• Historical Data and Forecast of Iraq Gas turbine Market Revenues & Volume By >200 MW for the Period 2021 - 2031
• Iraq Gas turbine Import Export Trade Statistics
• Market Opportunity Assessment By Technology
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Design Type
• Market Opportunity Assessment By Capacity
• Iraq Gas turbine Top Companies Market Share
• Iraq Gas turbine Competitive Benchmarking By Technical and Operational Parameters
• Iraq Gas turbine Company Profiles
• Iraq Gas turbine Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Technology

• Open Cycle
• Combined Cycle

By Application

• Power Generation
• Oil & Gas
• Other

By Design Type

• Heavy Duty
• Aeroderivative

By Capacity

• <200 MW
• >200 MW