U.S. Gas Turbine Services Market Size & Outlook, 2023-2030
U.S. gas turbine services market, 2018-2030 (US$M)
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U.S. gas turbine services market highlights
- The U.S. gas turbine services market generated a revenue of USD 5,618.4 million in 2023 and is expected to reach USD 10,377.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, heavy duty was the largest revenue generating turbine type in 2023.
- Heavy Duty is the most lucrative turbine type segment registering the fastest growth during the forecast period.
Gas turbine services market data book summary
| Market revenue in 2023 | USD 5,618.4 million |
| Market revenue in 2030 | USD 10,377.9 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Heavy duty |
| Fastest growing segment | Heavy Duty |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heavy Duty, Industrial, Aeroderivative |
| Key market players worldwide | GE Aerospace, Siemens AG, Mitsubishi Corp, Kawasaki Heavy Industries Ltd, Caterpillar Inc, Ansaldo Energia, Opera Ltd ADR, ManpowerGroup Inc, Abbott Laboratories |
Other key industry trends
- In terms of revenue, U.S. accounted for 15.0% of the global gas turbine services market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. gas turbine services market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 10,377.9 million by 2030.
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Gas Turbine Services Market Scope
Gas Turbine Services Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. gas turbine services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gas turbine services market will help companies and investors design strategic landscapes.
Heavy duty was the largest segment with a revenue share of 47.49% in 2023. Horizon Databook has segmented the U.S. gas turbine services market based on heavy duty, industrial, aeroderivative covering the revenue growth of each sub-segment from 2018 to 2030.
- U.S. Gas Turbine Services Turbine Type Outlook (Revenue, USD Million, 2018-2030)
- Heavy Duty
- Industrial
- Aeroderivative
- U.S. Gas Turbine Services Capacity Outlook (Revenue, USD Million, 2018-2030)
- <100 MW
- 100 to 200 MW
- >200 MW
- U.S. Gas Turbine Services Service Outlook (Revenue, USD Million, 2018-2030)
- Maintainance & Repair
- Overhaul
- Spare Parts Supply
- U.S. Gas Turbine Services Spare Parts Suppliers Outlook (Revenue, USD Million, 2018-2030)
- OEM
- Non-OEM
- U.S. Gas Turbine Services End-Use Outlook (Revenue, USD Million, 2018-2030)
- Power Generation
- Oil & Gas
- Other Industrial
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Our clientele includes a mix of gas turbine services market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. gas turbine services market , including forecasts for subscribers. This country databook contains high-level insights into U.S. gas turbine services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
U.S. gas turbine services market size, by turbine type, 2018-2030 (US$M)
U.S. Gas Turbine Services Market Outlook Share, 2023 & 2030 (US$M)
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