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North America Aeroderivative Gas Turbine Market Trends

Report ID: GMI9202
Published Date: Apr 2024
Report Format: PDF

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North America Aeroderivative Gas Turbine Market Trends

Increasing proportion of renewable energy sources coupled with surging emphasis on improving energy efficiency is poised to boost the product demand. The rising need for energy coupled with significant investments in natural gas extraction and trading, will augment the business landscape. Additionally, the enforcement of rigorous energy utilization policies has transformed regulatory structures and consumer inclinations, fostering the proliferation of combined cycle aeroderivative gas turbine plants.

Authors: Ankit Gupta, Shubham Chaudhary

Frequently Asked Questions (FAQ) :

The market size of North America aeroderivative gas turbine was reached USD 569.4 million in 2023 and is expected to register 6% CAGR from 2024-2032 owing to growing concerns toward environment, along with stringent governmental regulations targeting emissions reduction in the region.

North America aeroderivative gas turbine industry from the > 500 kW to 1 MW segment is expected to exceed USD 125 million by 2032 due to emphasis on developing efficient and affordable turbines, combined with the need to upgrade aging installations for long-term savings and increased returns.

U.S. aeroderivative gas turbine industry is expected to cross USD 500 million by 2032 due to increasing power capacity to keep up with the consistently rising demand in the country.

Kawasaki Heavy Industries, Ltd., MAN Energy Solutions, Mitsubishi Heavy Industries Ltd., Opra Turbines, Pratt & Whitney, Rolls-Royce plc, SAFRAN, Siemens, Solar Turbines, UEC-Saturn, VERICOR, and Wärtsilä, are some of the major aeroderivative gas turbine companies in North America.