U.S. Engine and Turbine Market Size & Share Analysis - Emerging Trends, Growth Opportunities, Competitive Landscape, and Forecasts (2025

Description

The U.S. engines and turbines market, valued at USD 40.4 billion in 2024, is expected to grow at a compound annual growth rate (CAGR) of 5.1%, reaching USD 59.5 billion by 2032. This growth is driven by an expanding energy demand, technological advancements, and innovations in environmentally friendly power generation. As the U.S. population continues to grow, along with urbanization and industrialization, the need for efficient power sources rises. Engines and turbines are critical in producing mechanical power in areas lacking electricity, with wide-ranging applications in thermal power plants, automobiles, aircraft, ships, and more.

Technological shifts toward energy-efficient, hybrid, and multi-fuel turbines are at the forefront of this market expansion. Furthermore, the U.S. government's commitment to reducing greenhouse gas emissions has spurred advancements in clean power solutions. The aim to cut emissions by over 60% by 2035 is accelerating the adoption of low-emission turbines and engines across industries.

Key Insights

Hybrid and Flexible Power Solutions: The shift toward hybrid power systems and natural gas turbines is significantly driving the market. These technologies provide greater flexibility, lower emissions, and improved operational stability, especially in power generation and renewable energy integration.

Power, Aviation, and Marine Sector Growth: The power sector is the largest contributor to the demand for engines and turbines, producing electricity from coal, natural gas, wind, and solar sources. The aviation and marine sectors also contribute to market growth, with increasing aircraft orders and shipbuilding activities.

Hydrogen Adoption: Hydrogen is emerging as the fastest-growing fuel type in the engine and turbine market. This is due to the ongoing clean energy push and the integration of hydrogen in gas turbines. Companies like Duke Energy are pioneering hydrogen-based solutions to generate power while reducing emissions.

Power Generation Dominance: Power generation accounts for 65% of the market share, with turbines being integral to producing electricity from multiple sources. The increasing adoption of combined-cycle and combined heat and power (CHP) plants further boosts this category by improving fuel efficiency and reducing emissions.

Aerospace & Defense Sector Surge: The aerospace and defense sectors are expanding rapidly, with a notable increase in aircraft orders from Boeing, Airbus, and other manufacturers. The demand for turbine engines in commercial and military aircraft continues to surge as global aviation expands.

Regional Growth Dynamics: The South region holds the largest market share at 40%, driven by a significant manufacturing base, energy production, and military presence in Texas, Louisiana, and Florida. These states house numerous thermal power plants, refineries, and offshore drilling locations, sustaining demand for engines and turbines.

Technological Advancements: Companies like GE Aerospace and Pratt & Whitney are investing heavily in new technologies and production capacity. GE, for example, is investing USD 1 billion in its U.S. factories to enhance manufacturing capabilities and integrate new technologies for turbines and engines.

Market Fragmentation: The engine and turbine market is fragmented, with many specialized manufacturers serving different industries. For example, companies like Caterpillar and Rolls-Royce focus on specific segments such as automotive, aerospace, and power generation, allowing them to carve out niches in this competitive market.

Multi-fuel and Digital Monitoring Systems: The rise of multi-fuel engines and turbines, alongside the deployment of digital monitoring and predictive maintenance systems, is optimizing operational efficiency and reducing downtime. This trend is crucial for both industrial applications and renewable energy systems, enabling better performance and fuel savings.

Product Code: 13517

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market Size Breakdown, by Product Type
- 1.4.2. Market Size Breakdown, by Fuel Type
- 1.4.3. Market Size Breakdown, by Application
1.5. Market Data Reporting Unit
- 1.5.1. Revenue
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence Database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Industry Background
5.2. Market Dynamics
- 5.2.1. Trends
- 5.2.2. Drivers
- 5.2.3. Restraints/Challenges
- 5.2.4. Emerging Economies and Key Opportunities
- 5.2.5. Impact Analysis of Drivers/Restraints
5.3. Impact of COVID-19
5.4. Sociopolitical Impact
5.5. Porter's Five Forces Analysis
- 5.5.1. Bargaining Power of Buyers
- 5.5.2. Bargaining Power of Suppliers
- 5.5.3. Threat of New Entrants
- 5.5.4. Intensity of Rivalry
- 5.5.5. Threat of Substitutes
5.6. Innovation and Technology Trends
5.7. Supply Chain and Value Chain Insights
5.8. Economic and Regulatory Impact
5.9. Market Entry Strategies

Chapter 6. Competitive Landscape

6.1. List of Market Players and their Offerings
6.2. Market Share of Key Players (2024)
6.3. Competitive Benchmarking of Key Players
6.4. Product Benchmarking of Key Players
6.5. Recent Strategic Developments by Key Players
6.6. Company Leadership Matrix

Chapter 7. U.S. Market

7.1. Overview
7.2. Market Revenue, by Product Type (2019-2032)
7.3. Market Revenue, by Fuel Type (2019-2032)
7.4. Market Revenue, by Application (2019-2032)
7.5. Market Revenue, by Country (2019-2032)

Chapter 8. Northeast Market

8.1. Overview
8.2. Economic Indicators
8.3. Demographics and Population Insights
8.4. Regional Hotspots
8.5. Growth Drivers
8.6. Challenges and Barriers
8.7. Competitive Strategies
8.8. Emerging Players
8.9. Import/Export Policies
8.10. Compliance Requirements
8.11. Emerging Investment Areas
8.12. Major Ongoing Projects
8.13. Market Size and Forecast
- 8.13.1. Market Revenue, by Product Type (2019-2032)
- 8.13.2. Market Revenue, by Fuel Type (2019-2032)
- 8.13.3. Market Revenue, by Application (2019-2032)

Chapter 9. Midwest Market

9.1. Overview
9.2. Economic Indicators
9.3. Demographics and Population Insights
9.4. Regional Hotspots
9.5. Growth Drivers
9.6. Challenges and Barriers
9.7. Competitive Strategies
9.8. Emerging Players
9.9. Import/Export Policies
9.10. Compliance Requirements
9.11. Emerging Investment Areas
9.12. Major Ongoing Projects
9.13. Market Size and Forecast
- 9.13.1. Market Revenue, by Product Type (2019-2032)
- 9.13.2. Market Revenue, by Fuel Type (2019-2032)
- 9.13.3. Market Revenue, by Application (2019-2032)

Chapter 10. West Market

10.1. Overview
10.2. Economic Indicators
10.3. Demographics and Population Insights
10.4. Regional Hotspots
10.5. Growth Drivers
10.6. Challenges and Barriers
10.7. Competitive Strategies
10.8. Emerging Players
10.9. Import/Export Policies
10.10. Compliance Requirements
10.11. Emerging Investment Areas
10.12. Major Ongoing Projects
10.13. Market Size and Forecast
- 10.13.1. Market Revenue, by Product Type (2019-2032)
- 10.13.2. Market Revenue, by Fuel Type (2019-2032)
- 10.13.3. Market Revenue, by Application (2019-2032)

Chapter 11. South Market

11.1. Overview
11.2. Economic Indicators
11.3. Demographics and Population Insights
11.4. Regional Hotspots
11.5. Growth Drivers
11.6. Challenges and Barriers
11.7. Competitive Strategies
11.8. Emerging Players
11.9. Import/Export Policies
11.10. Compliance Requirements
11.11. Emerging Investment Areas
11.12. Major Ongoing Projects
11.13. Market Size and Forecast
- 11.13.1. Market Revenue, by Product Type (2019-2032)
- 11.13.2. Market Revenue, by Fuel Type (2019-2032)
- 11.13.3. Market Revenue, by Application (2019-2032)

Chapter 12. Company Profiles

Chapter 13. Appendix

13.1. Sources and References
13.2. Related Reports

U.S. Engine and Turbine Market Size & Share Analysis - Emerging Trends, Growth Opportunities, Competitive Landscape, and Forecasts (2025 - 2032)