Key Market Indicators
American gas turbine imports are projected to hit approximately $33.6 billion by 2028, up from $29.8 billion in 2023. This represents an annual growth rate of 1.9%. Since 1996, the demand for gas turbines in the U.S. has been climbing at an average rate of 2.5% per year. In contrast, American gas turbine exports are expected to decline, reaching around $6.1 billion by 2028, down from $7.6 billion in 2023. This marks an average annual decrease of 3.5%. Since 1996, the supply of gas turbines from the U.S. has been decreasing at an average annual rate of 3.2%.
