United States Gas Turbine Market Report 2025 | Upcoming Trends, Demand, Regional Analysis and Forecast Till 2033

United States Gas Turbine Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.00% (2025-2033)

According to the latest report by IMARC Group, the U.S. gas turbine market is projected to grow at a CAGR of 5.00% from 2024 to 2032. The market is experiencing steady growth, driven by several key factors related to energy demand, environmental concerns, and technological advancements.

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United States Gas Turbine Industry Trends and Drivers:

The United States gas turbine market is currently experiencing significant growth, driven by a variety of factors that are shaping the sector's trajectory. The increasing demand for cleaner and more efficient power generation technologies is one of the primary drivers behind this growth. Gas turbines, known for their high efficiency and lower carbon emissions compared to traditional coal-fired power plants, are becoming a favored solution in the country’s energy transition. As governments and industries alike focus on sustainability, they are prioritizing investments in cleaner technologies such as gas turbines. Furthermore, advancements in turbine design, including the development of combined cycle gas turbines, are boosting the overall performance and efficiency of these systems. This continuous innovation is creating new market opportunities, particularly as more industries look to reduce their environmental footprint while meeting rising energy demands.

In the United States, several key drivers are propelling the gas turbine market forward. One of the most significant is the nation's ongoing efforts to modernize its energy infrastructure. The demand for flexible, reliable, and cost-effective power sources is prompting utilities to invest in advanced gas turbine technology, which can quickly ramp up or down to meet fluctuating energy needs. This flexibility is increasingly important as renewable energy sources like wind and solar are becoming more prevalent, leading to a need for backup generation systems that can ensure grid stability. The oil and gas sector also plays a crucial role, as gas turbines are widely used for power generation in exploration and production activities. Additionally, the mobility sector, which includes aviation and maritime applications, is driving innovation in aeroderivative gas turbines, further boosting market growth.

Looking toward the future, the United States gas turbine market is positioned for continued expansion, with new technologies and applications emerging to meet the evolving demands of various industries. As the country continues to prioritize decarbonization and the optimization of energy systems, gas turbines are expected to play an even more integral role in meeting energy demands across sectors such as power generation, mobility, and oil and gas. Companies are investing heavily in the development of next-generation gas turbines, focusing on improving performance and reducing environmental impact. Moreover, regional factors are influencing the pace of growth, with key areas of development occurring in regions where industrial and energy activities are concentrated. The market is poised to benefit from a combination of technological advancements, increased demand for reliable energy sources, and strategic investments aimed at boosting sustainability in the energy landscape.

United States Gas Turbine Market Forecast & Segmentation:

The report has segmented the market into the following categories:

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

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

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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