United States Gas Turbine Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     United States Gas 
Turbine Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " U n i t e d  S t a t e s  G a s  T u r b i n e  M a r k e t :  
I n d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  F o r e c a s t  2 0 2 4 - 2 0 3 2 , "  t h e  U n i t e d  
S t a t e s  g a s  t u r b i n e  m a r k e t  s i z e  i s  p r o j e c t e d  t o  e x h i b i t  a  g r o w t h  r a t e  ( C A G R )  o f  5 . 0 0 %  d u r i n g  
2 0 2 4 - 2 0 3 2 .
O n e  o f  t h e  p r i m a r y  d r i v e r s  i s  t h e  r i s i n g  d e m a n d  f o r  e f f i c i e n t  a n d  r e l i a b l e  p o w e r  g e n e r a t i o n .  A s  
Report t h e  U . S .  e n e r g y  l a n d s c a p e  e v o l v e s ,  t h e r e  i s  a n  i n c r e a s i n g  n e e d  f o r  f l e x i b l e  a n d  e f f i c i e n t  
p o w e r  g e n e r a t i o n  s o l u t i o n s  t o  s u p p o r t  t h e  i n t e g r a t i o n  o f  r e n e w a b l e  e n e r g y  s o u r c e s  l i k e  w i n d  
a n d  s o l a r .  G a s  t u r b i n e s ,  k n o w n  f o r  t h e i r  h i g h  e f f i c i e n c y ,  q u i c k  s t a r t - u p  c a p a b i l i t i e s ,  a n d  
Highlight and a b i l i t y  t o  p r o v i d e  b a s e l o a d ,  p e a k i n g ,  a n d  b a c k u p  p o w e r ,  a r e  b e i n g  w i d e l y  a d o p t e d  b y  u t i l i t i e s  
a n d  p o w e r  g e n e r a t i o n  c o m p a n i e s .  
T h e  v e r s a t i l i t y  o f  g a s  t u r b i n e s  i n  b o t h  c o m b i n e d - c y c l e  a n d  s i m p l e - c y c l e  c o n f i g u r a t i o n s  a l l o w s  
Description t h e m  t o  m e e t  v a r y i n g  d e m a n d s  f o r  e l e c t r i c i t y ,  p a r t i c u l a r l y  i n  r e g i o n s  w h e r e  r e n e w a b l e  e n e r g y  
p e n e t r a t i o n  i s  h i g h ,  a n d  g r i d  s t a b i l i t y  i s  a  c o n c e r n .  T h e  o n g o i n g  s h i f t  f r o m  c o a l - f i r e d  p o w e r  
p l a n t s  t o  n a t u r a l  g a s - f i r e d  p l a n t s  i s  f u r t h e r  b o o s t i n g  t h e  d e m a n d  f o r  g a s  t u r b i n e s ,  a s  n a t u r a l  
g a s  i s  v i e w e d  a s  a  c l e a n e r  a n d  m o r e  e n v i r o n m e n t a l l y  f r i e n d l y  a l t e r n a t i v e  t o  c o a l ,  o f f e r i n g  
l o w e r  c a r b o n  e m i s s i o n s  a n d  h i g h e r  e f f i c i e n c y .
R e q u e s t  f o r  a  P D F  s a m p l e  o f  t h i s  r e p o r t :  
h t t p s : / / w w w . i m a r c g r o u p . c o m / u n i t e d - s t a t e s - g a s - t u r b i n e - m a r k e t / r e q u e s t s a m p l e
Report Description
U n i t e d  S t a t e s  G a s  T u r b in e  Ma r k e t  T r e n d s :
T he  i nc r e a se d  fo c u s  o n  r e d uc i n g  g r e e n ho u s e  g as  e m i s s i on s  a n d  i mp r o v i n g  en v i r o nm e n t a l  pe r f o r ma n c e  i s  ac t i n g  a s  a  m a j o r  
g r o w t h - i n d u c i n g  f a c t o r  i n  t h e  m a r k e t .  A s  re g u l a t o ry  p r e ss u r e s  t o  r e d uc e  c a r bo n  f oo t p r i n t s  i n t en s i f y ,  i n d u s t r i e s  a n d  u t i l i t i e s  
a r e  s e e k i n g  c l e a n e r  a n d  m or e  e f f i c i e n t  t ec hn o l o g i e s  f o r  p o w e r  g en e r a t i o n .  G a s  tu r b i n e s ,  e s p e c i a l l y  t h o se  r u n n i ng  o n  n a t u r a l  
ga s ,  e m i t  s i g n i f i c a n t l y  l o w e r  l e v e l s  o f  C O2  c om p a r ed  t o  c oa l - f i r e d  p o w e r  p l an t s ,  m ak i n g  t h e m a n  a t t r a c t i v e  o p t i o n  f o r  m ee t i n g  
s t r i n g e n t  e n v i r on m e n ta l  s t a n da r d s .  A d d i t i o na l l y ,  a d va n c e me n t s  i n  g as  t u r b i n e  t e ch n o l og y ,  s uc h  a s  t h e  d e v e l op m e n t  o f  h i gh -
e f f i c i e n cy  t u r b i n es  w i t h  l o w e r  N O x  e m i s s i o n s ,  a r e  m a k i ng  t h e se  s y s te m s  ev e n  mo r e  a pp e a l i n g  f o r  c om p a n i e s  l o o k i n g  t o  
en h a n ce  t h e i r  s u s t a i na b i l i t y  p r o f i l e s .  
T he  a b i l i t y  t o  u s e  a l t e r n a t i v e  f ue l s ,  s uc h  a s  h y d r o g e n  o r  b i o fu e l s ,  i n  ga s  t u rb i n e s  i s  a l s o  g a i n i ng  a t t en t i o n  a s  a  p o te n t i a l  
pa t h w ay  t o  f u r t h e r  r e du c e  c a rb o n  e m i s s i o n s  a n d  t r a ns i t i o n  t o w a r d s  a  l o w - c a r b o n  e c o no m y .  T h i s  ad a p t a b i l i t y  t o  c l e a n e r  f ue l s  
po s i t i o n s  ga s  t u rb i n e s  a s  a  ke y  c o mp o n e n t  i n  t h e  U .S . ’ s  b r oa d e r  s t r a t e gy  t o  a c h i ev e  e n e rg y  s e c u r i t y  w h i l e  m ee t i n g  
en v i r o nm e n t a l  go a l s .  Mo r e ov e r ,  t h e  g r o w i n g  d em a n d  f o r  d i s t r i b u t ed  p o w er  g e ne r a t i on  i n  i n d us t r i a l ,  co m me r c i a l ,  a n d  
re s i d e n t i a l  s e c t o r s  i s  c o n t r i bu t i n g  t o  t h e  e x p a ns i o n  o f  t h e  g a s  tu r b i n e  m a r k e t .
V i e w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w ww . i m a r c g ro u p . co m / u n i t e d - s ta t e s - g a s - tu r b i n e - m a rk e t
Technology Insights:
• Combined Cycle Gas Turbine
• Open Cycle Gas Turbine
 
Design Type Insights:
• Heavy Duty (Frame) Type
Report • Aeroderivative Type
Segmentation
Rated Capacity Insights:
• Above 300 MW
• 120-300 MW
• 40-120 MW
• Less Than 40 MW
End User Insights:
• Power Generat ion
• Mobi l i ty
• Oil  and Gas
• Others
Report 
Regional Insights:
Segmentation
• Northeast
• Midwest
• South
• West
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?
Key 
Questions What is the breakup of the United States gas turbine market on the basis of technology?
Answered in 
the Report 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?
Key 
What is the structure of the United States gas turbine 
Questions market and who are the key players?
Answered in 
What is the degree of competition in the United States 
the Report gas turbine market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4    U n i t e d  S t a t e s  G a s  T u r b i n e  M a r k e t  -  I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     M a r k e t  D y n a m i c s
    4 . 3     I n d u s t r y  T r e n d s
    4 . 4     C o m p e t i t i v e  I n t e l l i g e n c e
5    U n i t e d  S t a t e s  G a s  T u r b i n e  M a r k e t  L a n d s c a p e
    5 . 1     H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
    5 . 2     M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6    U n i t e d  S t a t e s  G a s  T u r b i n e  M a r k e t  -  B r e a k u p  b y  T e c h n o l o g y
    6 . 1     C o m b i n e d  C y c l e  G a s  T u r b i n e
        6 . 1 . 1  O v e r v i e w
        6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 2     O p e n  C y c l e  G a s  T u r b i n e
        6 . 2 . 1  O v e r v i e w
        6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
       
7    U n i t e d  S t a t e s  G a s  T u r b i n e  M a r k e t  -  B r e a k u p  b y  D e s i g n  T y p e
    7 . 1    H e a v y  D u t y  ( F r a m e )  T y p e
        7 . 1 . 1  O v e r v i e w
        7 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 2    A e r o d e r i v a t i v e  T y p e
        7 . 2 . 1  O v e r v i e w
        7 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
8    U n i t e d  S t a t e s  G a s  T u r b i n e  M a r k e t  -  B r e a k u p  b y  R a t e d  
Table of C a p a c i t y    8 . 1    A b o v e  3 0 0  M W
        8 . 1 . 1  O v e r v i e w
Contents         8 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )        8 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    8 . 2    1 2 0 - 3 0 0  M W
        8 . 2 . 1  O v e r v i e w
        8 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        8 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    8 . 3    4 0 - 1 2 0  M W
        8 . 3 . 1  O v e r v i e w
        8 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        8 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    8 . 4    L e s s  T h a n  4 0  M W
        8 . 4 . 1  O v e r v i e w
        8 . 4 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        8 . 4 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /u n i t ed - s ta t es -ga s - t u rb ine -m a rke
t / t o c
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