The gas turbine market - Spain

1.1 Definition and presentation of the gas turbine market

The gas turbine market in Spain has experienced significant growth in recent years. Gas turbines are engines used to convert the chemical energy of fuel into mechanical energy using combustion and gas expansion. They are widely used in sectors such as energy, industry and oil & gas.

Several companies dominate this market in Spain, including Siemens, General Electric, Mitsubishi Hitachi Power Systems and Ansaldo Energia. These industry leaders supply high-tech gas turbines, offering high energy efficiency and reliability . Spain has positioned itself as the world's 18th largest exporter of gas turbines in 2021, with exports worth $1.27 million[The Observatory of Economic Complexity].

As a country keen to diversify its energy production and promote renewable energies, Spain is also investing in combined-cycle gas turbines. These plants enable electricity to be generated more efficiently by combining the use of gas turbines with other energy sources, such as steam.

The market for gas turbines in Spain is driven by:

• growing demand for electricity ;
• increasing industrial production ;
• initiatives to reduce greenhouse gas emissions.

Gas turbines offer a flexible energy solution, enabling rapid response to electricity demand while reducing pollutant emissions.

With constant technological advances and the need to reduce environmental impact, the gas turbine market in Spain is set to continue growing and evolving, offering opportunities for national and international companies in the sector.