U.S.: Market for Turbine And Turbine Generator Set Units 2025

Market Size for Turbine And Turbine Generator Set Units in the U.S.

The U.S. market for turbine and turbine generator set units reduced markedly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, posted a significant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Turbine And Turbine Generator Set Units in the U.S.

In value terms, production of turbine and turbine generator set units stood at $X in 2022. Overall, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2015 with an increase of X%. Production of peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Turbine And Turbine Generator Set Units

Exports from the U.S.

In 2022, shipments abroad of turbine and turbine generator set units decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, posted strong growth. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of turbine and turbine generator set units surged to $X in 2022. In general, exports saw a noticeable decrease. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X tons), Mexico (X tons) and Brazil (X tons) were the main destinations of exports of turbine and turbine generator set units from the United States, with a combined X% share of total exports.

From 2013 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for turbine and turbine generator set unit exported from the United States were Mexico ($X), Canada ($X) and Italy ($X), together comprising X% of total exports. Singapore, Hungary, the UK, Germany, South Korea, Brazil, the Czech Republic, Japan, China and Israel lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Israel, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for turbine and turbine generator set units stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a abrupt shrinkage. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X,761 per ton), while the average price for exports to Israel ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbine And Turbine Generator Set Units

Imports into the U.S.

In 2022, purchases abroad of turbine and turbine generator set units decreased by X% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of turbine and turbine generator set units contracted to $X in 2022. Overall, total imports indicated notable growth from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

China (X tons), Mexico (X tons) and India (X tons) were the main suppliers of imports of turbine and turbine generator set units to the United States, together comprising X% of total imports. Spain, Germany, Turkey, Canada, Japan, Vietnam, Denmark, Italy, Brazil and Hungary lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for Spain (with a CAGR of X.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest turbine and turbine generator set unit suppliers to the United States were Mexico ($X), Japan ($X) and China ($X), together accounting for X% of total imports. India, Germany, Italy, Hungary, Spain, Canada, Vietnam, Brazil, Denmark and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for turbine and turbine generator set units amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price, however, faced a dramatic setback. Over the period under review, average import prices hit record highs at $X,707 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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