North America Claims 29.5% of Global Gas Turbine Market as Hyperscale Procurement Lifts Asia-Pacific Demand
An SNS Insider forecast published in September 2026 identifies grid connection backlogs and hyperscale turbine buying as the forces reshaping global equipment demand through 2035.
Hyperscale operators buying aeroderivative and heavy-duty turbine fleets is the dynamic pushing gas turbine markets into their most active cycle in years, according to a forecast published on 3 September 2026 by SNS Insider. North America holds approximately 29.50% of global market share, the report found, with grid connection backlogs identified as the main constraint on deployment across every major region.6
The turbine order book is one of the earliest visible signals of how much gas-fired capacity actually gets built. SNS Insider named those grid queues, not fuel cost or permitting, as the main structural drag, which matters most for anyone tracking generation capacity in Asia-Pacific, where buildout activity is most concentrated.6
Asia-Pacific is simultaneously expanding renewables at a rate that creates the grid instability turbine buyers use to justify backup gas procurement. The global offshore wind market is projected to grow from $57.51 billion in 2026 to $208.33 billion by 2035, with China leading Asia-Pacific deployment alongside Japan, South Korea, Taiwan, and Australia, according to Asian Power.5 Onshore wind follows a similar trajectory, forecast to expand from $132.47 billion in 2026 to $321.14 billion by 2035, a 10.3% compound annual growth rate, with turbines above 5 MW growing the fastest.3
That renewables volume pushes intermittency onto grids already stretched by demand growth. Hybrid renewable plants with battery storage are being installed beside operating wind and solar systems to handle grid instability, SNS Insider's hybrid market report notes. The same bottleneck appears in both the turbine and the hybrid plant forecasts.7
Liquefaction capacity tells a parallel story. The LNG liquefaction equipment market was estimated at $25.4 billion in 2025 and is projected to reach $55.9 billion by 2035, an 8.2% CAGR, with China posting the fastest national growth rate at 11.1%, ahead of India at 10.3% and Germany at 9.4%, Future Market Insights data show.1 Mid-scale plants are gaining ground because they require less capital upfront and can be executed faster than large-scale liquefaction projects.1
That liquefaction buildout shapes how gas moves between regions. JKM, the Asian LNG benchmark, last traded at $24.88 per million British thermal units on 13 September 2026, while NYMEX Henry Hub front-month sat at $2.83 per million British thermal units. That spread continues pulling Atlantic and Pacific cargoes toward Asia, sustaining the generation economics behind turbine demand in consuming markets.1
The broader equipment cycle provides supporting context. MarketsandMarkets projects the global generator market will grow from $26.79 billion in 2026 to $35.38 billion by 2031, a 5.7% CAGR, tracking backup power and industrial demand rather than utility-scale turbine procurement.4 It is a secondary indicator for gas turbine markets, but it points in the same direction.
Coal remains the competing fuel in Asia. Research published in early 2026 points to industrial expansion, steel production, and infrastructure growth driving demand across the continent.2 If Asian coal-fired generation keeps expanding alongside renewables, it sets a ceiling on gas turbine utilisation that decade-long forecasts cannot price cleanly.
The SNS Insider report does not break out Asia-Pacific by percentage and provides no Brazil-specific turbine figure. What it confirms is that grid connection backlogs and hyperscale procurement are the two forces driving the segment, and that North America's 29.50% share is a current snapshot rather than a growth rate.6 Grid queue reform timelines in China, Japan, South Korea, Taiwan, and Australia are the next concrete signal — every gigawatt that clears connection shows up in JKM, not in the market research report.5