The import of gas turbine engines with power not exceeding 5000 kW to the US has shown a steady increase from 2024 onwards, starting at $415.73 million and reaching $445.22 million by 2028. This reflects a continuous growth trajectory, with year-on-year increments of approximately 1.8% during these years. There were no variations noted from previous years, indicating a stable demand for these engines. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.76%.

Future trends to watch for:

The impact of technological advancements in renewable energy sources on gas turbine market demand.
Potential shifts in regulatory policies affecting import tariffs and agreements.
Economic factors influencing industrial growth and energy infrastructure investments in the US.