North America Aeroderivative Gas Turbine Market Growth, Demand, Revenue and Opportunity
North America Aeroderivative Gas Turbine Market Growth, Size, Trends Analysis - By Capacity, By Technology, By Application - Regional Outlook, Competitive Strategies and Segment Forecast to 2034
| Published: May-2025 | Report ID: POAE2552 | Pages: 1 - 180 | Formats*: |
| Category : Power & Energy | |||
North America Aeroderivative Gas Turbine Market Introduction and Overview
According to SPER Market Research, the North America Aeroderivative Gas Turbine Market is estimated to reach USD 1110.41 million by 2034 with a CAGR of 6.26%.
The report includes an in-depth analysis of the North America Aeroderivative Gas Turbine Market, including market size and trends, product mix, Applications, and supplier analysis.North America's aeroderivative gas turbine market was valued at USD 605.04 million in 2024 and is expected to increase at a CAGR of more than 6.26% between 2025 and 2034. The increasing use of renewable energy sources, combined with a growing emphasis on improving energy efficiency, is expected to improve product demand. The increased need for energy, along with major expenditures in natural gas extraction and trade, will transform the business landscape. Furthermore, the implementation of stringent energy utilisation rules has altered regulatory frameworks and customer preferences, promoting the growth of combined cycle aeroderivative gas turbine facilities.
By Capacity Insights
In 2024, aeroderivative gas turbines with a power output between 500 kW and 1 MW dominated the market. The need to upgrade aging installations for long-term savings and higher returns, along with the ongoing focus on creating economical and efficient turbines, will drive business outlook. Additionally, the industry landscape will be positively impacted by the increased demand for distributed power generating solutions and the shift in focus towards grid dependability.
By Application Insights
The aviation aeroderivative gas turbine industry will increase significantly until 2034. The growing interest in fuel efficiency and environmental sustainability, together with expanding demand for lightweight engines, will drive business growth. These units have a better power-to-weight ratio than standard engines, making them desirable for aeroplane applications. Furthermore, shifting customer interest in hybrid-electric propulsion systems will increase product penetration.
Regional Insights
The aeroderivative gas turbine market was dominated by the United States in 2024. Expanding power capacity to meet the steadily growing demand will have a big impact on the business's future. This expansion is explained by large investments in power producing facilities as well as a growing preference for greener energy sources by regulatory bodies. Flexibility, small size, and speedy startup are some of the product's main advantages, which boost the industry's potential.
Market Competitive Landscape
The North American gas turbine market is moderately consolidated with key players including General Electric Company, Rolls-Royce Holding PLC, Mitsubishi Heavy Industries Ltd, Capstone Turbine Corporation, and Solar Turbines Inc. General Electric provides a wide range of aeroderivative gas turbines for various power generation needs, typically between a few megawatts to over 100 megawatts. Their turbines are known for efficiency, reliability, and operational flexibility, featuring advanced combustion systems and emissions control technologies.
Recent Developments:
- In October 2023, Mitsubishi Power Americas announced a breakthrough in JAC gas turbine technology, achieving 64% efficiency in combined cycle operation in their Florida validation plant. The company has won USD 800 million agreements with three major utilities for turbine deployments utilising its revolutionary technology.
- Kawasaki Heavy Industries and a major US utility teamed up to test their new M1A-17 gas turbine technology in California in June 2023. The $250 million initiative seeks to demonstrate improved part-load efficiency and operational flexibility for grid support systems. The system has advanced cybersecurity measures and remote monitoring capabilities.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2021-2034 |
| Base year considered | 2024 |
| Forecast period | 2025-2034 |
| Segments covered | By Capacity, By Technology, By Application |
| Regions covered | Canada, Mexico, United States |
| Companies Covered | Ansaldo Energia, Baker Hughes Company, Capstone Green Energy Corporation, Collins Aerospace, General Electric, Harbin Electric Corporation Co., Ltd, Kawasaki Heavy Industries, Ltd, MAN Energy Solutions, Mitsubishi Heavy Industries Ltd, Opra Turbines, Pratt & Whitney. |
- North America Aeroderivative Gas Turbine Market Size (FY’2021-FY’2034)
- Overview of North America Aeroderivative Gas Turbine Market
- Segmentation of North America Aeroderivative Gas Turbine Market By Capacity (≤ 50 kW, > 50 to 500 kW, > 500 kW to 1 MW, > 1 to 30 MW, > 30 to 70 MW, > 70 MW)
- Segmentation of North America Aeroderivative Gas Turbine Market By Technology (Open Cycle, Combined Cycle)
- Segmentation of North America Aeroderivative Gas Turbine Market By Application (Power Plants, Oil & Gas, Process Plants, Aviation, Marine, Others)
- Statistical Snap of North America Aeroderivative Gas Turbine Market
- Expansion Analysis of North America Aeroderivative Gas Turbine Market
- Problems and Obstacles in North America Aeroderivative Gas Turbine Market
- Competitive Landscape in the North America Aeroderivative Gas Turbine Market
- Details on Current Investment in North America Aeroderivative Gas Turbine Market
- Competitive Analysis of North America Aeroderivative Gas Turbine Market
- Prominent Players in the North America Aeroderivative Gas Turbine Market
- SWOT Analysis of North America Aeroderivative Gas Turbine Market
- North America Aeroderivative Gas Turbine Market Future Outlook and Projections (FY’2025-FY’2034)
- Recommendations from Analyst
1. Introduction
- 1.1. Scope of the report
- 1.2. Market segment analysis
2. Research Methodology
- 2.1. Research data source
- 2.1.1. Secondary Data
- 2.1.2. Primary Data
- 2.1.3. SPER’s internal database
- 2.1.4. Premium insight from KOL’s
- 2.2. Market size estimation
- 2.2.1. Top-down and Bottom-up approach
- 2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
- 4.1. Driver, Restraint, Opportunity and Challenges analysis
- 4.1.1.Drivers
- 4.1.2.Restraints
- 4.1.3.Opportunities
- 4.1.4.Challenges
5. Market variable and outlook
- 5.1.SWOT Analysis
- 5.1.1.Strengths
- 5.1.2.Weaknesses
- 5.1.3.Opportunities
- 5.1.4.Threats
- 5.2. PESTEL Analysis
- 5.2.1. Political Landscape
- 5.2.2. Economic Landscape
- 5.2.3. Social Landscape
- 5.2.4. Technological Landscape
- 5.2.5. Environmental Landscape
- 5.2.6. Legal Landscape
- 5.3.PORTER’s Five Forces
- 5.3.1.Bargaining power of suppliers
- 5.3.2.Bargaining power of buyers
- 5.3.3.Threat of Substitute
- 5.3.4.Threat of new entrant
- 5.3.5.Competitive rivalry
- 5.4. Heat Map Analysis
6. Competitive Landscape
- 6.1. North America Aeroderivative Gas Turbine Market Manufacturing Base Distribution, Sales Area, Product Type
- 6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Aeroderivative Gas Turbine Market
7. North America Aeroderivative Gas Turbine Market, By Capacity (USD Million) 2021-2034
- 7.1. ≤ 50 kW
- 7.2. > 50 kW to 500 kW
- 7.3. > 500 kW to 1 MW
- 7.4. > 1 to 30 MW
- 7.5. > 30 to 70 MW
- 7.6. > 70 MW
8. North America Aeroderivative Gas Turbine Market, By Technology (USD Million) 2021-2034
- 8.1.Open Cycle
- 8.2.Combined Cycle
9. North America Aeroderivative Gas Turbine Market, By Application (USD Million) 2021-2034
- 9.1. Power Plants
- 9.2. Oil & Gas
- 9.3. Process Plants
- 9.4. Aviation
- 9.5. Marine
- 9.6. Others
10. North America Aeroderivative Gas Turbine Market, (USD Million) 2021-2034
- 10.1. North America Aeroderivative Gas Turbine Market Size and Market Share
11. North America Aeroderivative Gas Turbine Market, By Region, (USD Million) 2021-2034
- 11.1.Canada
- 11.2.Mexico
- 11.3.United States
12. Company Profile
- 12.1. Ansaldo Energia
- 12.1.1. Company details
- 12.1.2. Financial outlook
- 12.1.3. Product summary
- 12.1.4. Recent developments
- 12.2. Baker Hughes Company
- 12.2.1. Company details
- 12.2.2. Financial outlook
- 12.2.3. Product summary
- 12.2.4. Recent developments
- 12.3. Capstone Green Energy Corporation
- 12.3.1. Company details
- 12.3.2. Financial outlook
- 12.3.3. Product summary
- 12.3.4. Recent developments
- 12.4. Collins Aerospace
- 12.4.1. Company details
- 12.4.2. Financial outlook
- 12.4.3. Product summary
- 12.4.4. Recent developments
- 12.5. General Electric
- 12.5.1. Company details
- 12.5.2.Financial outlook
- 12.5.3.Product summary
- 12.5.4.Recent developments
- 12.6. Harbin Electric Corporation Co., Ltd
- 12.6.1. Company details
- 12.6.2. Financial outlook
- 12.6.3. Product summary
- 12.6.4. Recent developments
- 12.7. Kawasaki Heavy Industries, Ltd
- 12.7.1. Company details
- 12.7.2. Financial outlook
- 12.7.3. Product summary
- 12.7.4. Recent developments
- 12.8. MAN Energy Solutions
- 12.8.1. Company details
- 12.8.2. Financial outlook
- 12.8.3. Product summary
- 12.8.4. Recent developments
- 12.9. Mitsubishi Heavy Industries Ltd
- 12.9.1. Company details
- 12.9.2. Financial outlook
- 12.9.3. Product summary
- 12.9.4. Recent developments
- 12.10. Opra Turbines
- 12.10.1. Company details
- 12.10.2. Financial outlook
- 12.10.3. Product summary
- 12.10.4. Recent developments
- 12.11. Pratt & Whitney
- 12.11.1. Company details
- 12.11.2. Financial outlook
- 12.11.3. Product summary
- 12.11.4. Recent developments
- 12.12. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Ansaldo Energia, Baker Hughes Company, Capstone Green Energy Corporation, Collins Aerospace, General Electric, Harbin Electric Corporation Co., Ltd, Kawasaki Heavy Industries, Ltd, MAN Energy Solutions, Mitsubishi Heavy Industries Ltd, Opra Turbines, Pratt & Whitney.
North America Aeroderivative Gas Turbine Market is projected to reach USD 1110.41 million by 2034, growing at a CAGR of of 6.26% during the forecast period.
North America Aeroderivative Gas Turbine Market grew in Market size from 2025. The Market is expected to reach USD 1110.41 million by 2034, at a CAGR of 6.26% during the forecast period.
North America Aeroderivative Gas Turbine Market CAGR of 6.26% during the forecast period.
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North America Aeroderivative Gas Turbine Market size is USD 1110.41 million from 2025 to 2034.
North America Aeroderivative Gas Turbine Market is covered By Capacity, By Technology, By Application
Canada, Mexico, United States
The report includes an in-depth analysis of the North America Aeroderivative Gas Turbine Market, including market size and trends, product mix, Applications, and supplier analysis.
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