In 2023, the import of gas turbine engines with power not exceeding 5000 kW to the US was at a certain benchmark level. The forecast data for 2024 to 2028 indicates a consistent decline in import volume, starting at 350.44 thousand kilograms in 2024 and decreasing to 333.3 thousand kilograms by 2028. This represents a year-on-year decrease of approximately 1.3% between 2024 and 2025. The overall Compound Annual Growth Rate (CAGR) from 2024 to 2028 is expected to be negative, reflecting a steady decline in imports throughout this period.
Future trends to watch for include technological advancements in engine efficiency potentially reducing the need for imports, shifts in domestic production capabilities and policy changes promoting local manufacture of gas turbines, and global economic factors impacting trade balance and energy needs in the US market.
