The US market for Integral Motor Generator Sets and Rotating Equipment stood at 1.2929 Billion US Dollars in 2023. Historical analysis from 2013 to 2023 shows fluctuating growth rates, beginning with a peak in 2013, followed by a decline and eventual stabilization from 2016 onwards. The average annual growth rate over the past five years was 1.3%, showing moderate but consistent expansion.
Year-on-year variations have also stabilized, with a recent trend of approximately 1.22% growth from 2022 to 2023. Looking forward, the forecast indicates continued growth, albeit at a slower average annual rate of 0.87% over the next five years, reaching 1.3661 Billion US Dollars by 2028. This translates to an overall forecasted growth rate of 4.43% from 2023 to 2028.
Future trends to watch for include advances in technology and efficiency, increasing adoption of renewable energy sources, and rising investment in infrastructure modernization. These factors are likely to drive further demand and potentially accelerate growth in this sector.
