The import of gas turbine engines exceeding 5000 kW to the US is projected to decline from 55 in 2024 to 24 in 2028. In 2023, the value stood higher, underscoring a consistent downward trend. Year-on-year percentage decreases highlight a significant reduction in imports with annual drops of approximately 15% from 2024 to 2025, and 17% from 2025 to 2026. Over this five-year forecast period, the compounded annual growth rate (CAGR) reflects a negative trend.
Future trends to watch for include technological advancements that may modify demand and shifts in domestic energy policies that could potentially alter the landscape for gas turbine imports. Additionally, the growth of alternative energy sources could further impact the dependency on gas turbines.
