The import of steam and vapour turbines, excluding marine propulsion, to the US is showing a declining trend from 2024 to 2028, with forecasted values declining from 33.194 million USD in 2024 to 23.81 million USD in 2028. The year-on-year decrease from 2024 to 2025 is approximately 7.3%, and the trend continues with a 7.7% drop each subsequent year until 2028. Assuming the value stood steady in 2023, the compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 reflects an average annual decrease in imports of steam and vapour turbines.
Future trends to watch for include potential shifts in energy policies, technological advancements affecting turbine efficiency and demand, and economic conditions that might impact industrial investments in the sector. Additionally, the transition toward renewable energy sources may further influence the import levels of steam and vapour turbines.
