Heavy duty gas turbines in Iran, India and China: Do national energy policies drive the industries?

► This paper for the first time systematically examines the HDGT industry in developing countries. ► This paper provides a comparative analysis of the HDGT industries in Iran, India and China. ► The companies are state-owned and a high level of state involvement is a prominent feature. ► Due to national energy policies, HDGT is a strategic choice in Iran but an inferior choice in India and China. ► The policy drivers such as natural reserves and security of supply largely vary in these countries.