IMARC Group, a leading market research company, has recently releases report titled “United States Gas Turbine Market Report by Technology (Combined Cycle Gas Turbine, Open Cycle Gas Turbine), Design Type (Heavy Duty (Frame) Type, Aeroderivative Type), Rated Capacity (Above 300 MW, 120-300 MW, 40-120 MW, Less Than 40 MW), End User (Power Generation, Mobility, Oil and Gas, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the United States gas turbine market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the United States Gas Turbine Market?

United States gas turbine market size is projected to exhibit a growth rate (CAGR) of 5.00% during 2024-2032.

Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Growth Rate (2024-2032)5.00%

United States Gas Turbine Market Trends and Drivers:

The growing investments in energy infrastructure development as well as the increasing requirement for efficient power generation are the factors responsible for the growth of the United States gas turbine market. Additionally, the market is propelling owing to the strict environmental regulations aimed at reducing carbon emissions and other pollutants. Besides this, gas turbines, known for their high efficiency and lower emissions, are becoming the preferred choice for new power generation projects, further bolstering the market. Moreover, advancements in gas turbine technology, such as the development of higher-efficiency and more reliable turbines, are enhancing their performance and expanding their application in both power generation and industrial settings.

Another key driver in the United States gas turbine market is the increasing need for flexible and reliable power sources to support the integration of renewable energy. As the share of intermittent renewable energy sources like wind and solar power grows, there is a greater demand for gas turbines that can provide quick ramp-up capabilities and maintain grid stability, thereby escalating the market. In addition to this, the role of gas turbines as a backup power source is becoming more critical, ensuring a stable energy supply during periods of high need or low renewable output, which is acting as another growth-inducing factor. Furthermore, the ongoing modernization of aging power plants and the replacement of outdated infrastructure are stimulating the market. Incentives taken by government authorities and favorable policies supporting natural gas infrastructure development are anticipated to drive the United States gas turbine market over the forecasted period.

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United States Gas Turbine Market Report Segmentation:

The report is organized into distinct sections as follows:

Technology Insights:

  • Combined Cycle Gas Turbine
  • Open Cycle Gas Turbine

Design Type Insights:

  • Heavy Duty (Frame) Type
  • Aeroderivative Type

Rated Capacity Insights:

  • Above 300 MW
  • 120-300 MW
  • 40-120 MW
  • Less Than 40 MW

End User Insights:

  • Power Generation
  • Mobility
  • Oil and Gas
  • Others

Regional Insights:

  • Northeast
  • Midwest
  • South
  • West

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Other Key Points Covered in the Report:

  • COVID-19 Impact
  • Porters Five Forces Analysis
  • Value Chain Analysis
  • Strategic Recommendations

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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