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
Market Overview:
United States gas turbine market size is projected to exhibit a growth rate (CAGR) of 5.00% during 2024-2032. Ongoing developments that are shaping the role of this equipment in powering diverse sectors and ensuring the country's position at the forefront of various innovations are primarily driving the market growth across the country.
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Report Attribute
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Key Statistics
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Base Year
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2023 |
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Growth Rate (2024-2032) | 5.00% |
A gas turbine is an internal combustion (IC) engine designed to convert the thermal energy generated by liquid fuels and natural gases into mechanical energy. Its components include an upstream rotating compressor, a downstream turbine, a combustion chamber for compressing atmospheric air, etc. Manufactured from materials like steel, titanium alloys, and superalloys, the gas turbine utilizes various fuels, including synthetic fuels and natural gas, for efficient operation. In line with this, it contributes to reducing lifecycle costs and improving organizational profitability. Consequently, the gas turbine finds extensive applications in a wide array of industries, such as automotive, marine, aerospace, mining, and oil and gas.
United States Gas Turbine Market Trends:
The United States gas turbine market is a dynamic and crucial sector, reflecting the country's reliance on advanced propulsion systems across diverse industries. Gas turbines, internal combustion engines designed to convert thermal energy into mechanical energy, play a pivotal role in the automotive, marine, aerospace, mining, and oil and gas sectors in the country. Additionally, with components like a rotating compressor, downstream turbine, and combustion chamber, these turbines are crafted from robust materials, such as steel, titanium alloys, and superalloys, which is acting as another significant growth-inducing factor. Besides this, the United States gas turbine market thrives on innovation, incorporating various fuels like natural gas and synthetic fuels for optimal performance. As such, this market's significance extends beyond power generation; gas turbines are integral to propulsion systems in military aircraft, commercial aviation, and marine vessels. Furthermore, the adaptability of gas turbines contributes to their widespread usage, offering efficiency, reduced lifecycle costs, and increased profitability for organizations, thereby catalyzing the market growth across the country. Apart from this, as the United States continues to prioritize technological advancements and sustainability, the gas turbine market is poised for continuous growth over the forecasted period.
United States Gas Turbine Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on technology, design type, rated capacity, and end user.
Technology Insights:
- Combined Cycle Gas Turbine
- Open Cycle Gas Turbine
The report has provided a detailed breakup and analysis of the market based on the technology. This includes combined cycle gas turbine and open cycle gas turbine.
Design Type Insights:
- Heavy Duty (Frame) Type
- Aeroderivative Type
A detailed breakup and analysis of the market based on design type have also been provided in the report. This includes heavy duty (frame) type and aeroderivative type.
Rated Capacity Insights:
- Above 300 MW
- 120-300 MW
- 40-120 MW
- Less Than 40 MW
The report has provided a detailed breakup and analysis of the market based on the rated capacity. This includes above 300 mw, 120-300 mw, 40-120 mw, and less than 40 mw.
End User Insights:
- Power Generation
- Mobility
- Oil and Gas
- Others
A detailed breakup and analysis of the market based on end user have also been provided in the report. This includes power generation, mobility, oil and gas, and others.
Regional Insights:
- Northeast
- Midwest
- South
- West
The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.
Competitive Landscape:
The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
United States Gas Turbine Market Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Scope of the Report | Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
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| Technologies Covered | Combined Cycle Gas Turbine, Open Cycle Gas Turbine |
| Design Types Covered | Heavy Duty (Frame) Type, Aeroderivative Type |
| Rated Capacities Covered | Above 300 MW, 120-300 MW, 40-120 MW, Less Than 40 MW |
| End Users Covered | Power Generation, Mobility, Oil and Gas, Others |
| Regions Covered | Northeast, Midwest, South, West |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States gas turbine market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States gas turbine market?
- What is the breakup of the United States gas turbine market on the basis of technology?
- What is the breakup of the United States gas turbine market on the basis of design type?
- What is the breakup of the United States gas turbine market on the basis of rated capacity?
- What is the breakup of the United States gas turbine market on the basis of end user?
- What are the various stages in the value chain of the United States gas turbine market?
- What are the key driving factors and challenges in the United States gas turbine?
- What is the structure of the United States gas turbine market and who are the key players?
- What is the degree of competition in the United States gas turbine market?
Key Benefits for Stakeholders:
- IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States gas turbine market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the United States gas turbine market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States gas turbine industry and its attractiveness.
- A competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.
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