North America Gas Turbine Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers North America Gas Turbine Companies and the market is segmented by Capacity (Less than 30 MW, 31-120 MW, and Above 120 MW), Type (Combined Cycle, and Open Cycle), End-User Industries (Power, Oil, and Gas and Other End-User Industries), and Geography (United States, Canada, and Rest of North America).

North America Gas Turbine Market Size

North America Gas Turbine Market -Market Summary
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North America Gas Turbine Market Analysis

The North America Gas Turbine Market is expected to register a CAGR of greater than 4.5% during the forecast period.

  • North America is expected to hold a dominant section of the gas turbine market share, owing to rising shale gas exploration activities and rapid enhancement of industrial gas turbine capacities in the region. Therefore, the increasing growth in shale gas production and the increasing demand for electricity is expected to drive the demand for gas turbines during the forecast period. However, increasing shift toward renewable energies, such as solar and wind for power generation, is expected to restrain the growth of the market.
  • The power generation application segment is expected to be the dominating segment in the market.
  • Advancements in technology in the oil and gas industry, resulting in growing per well recoveries and an increase in the production of shale gas, which, in turn, are expected to create a significant amount of opportunities to the gas turbine manufacturers in the near future.
  • The United States is expected to be the leading market for gas turbine in North America, owing to the increasing demand for clean and efficient power generation in the country.

United States to Dominate the Market Growth

  • The United States, the world's largest gas consumer and producer, is projected to account for 40% of the extra gas produced by 2022, due to the significant growth in its domestic shale industry. The power generated was 4460.8 TWh in 2018.
  • The US government planned to increase natural gas-fired generating capacity by 25.4 GW in 2018, which follows net reductions of total coal-fired electricity generating capacity over the next five years. Also, the low natural gas prices are expected to further propel the demand for natural gas over the forecast period.
  • The increasing production activities in the natural gas industry are likely to augment the demand for gas turbines. Further, the marine industry, which uses aero-derivative gas turbines to power ships, presents a major opportunity for gas turbine manufacturers in the United States.
  • In the field of power generation, the use of natural gas is poised to increase, and natural gas-fired combined-cycle gas turbine power plants are expected to account for over 50% of the power generated in the United States in coming years. This is expected to create an enormous demand for gas turbines during the forecast period.
Power Generation United States

North America Gas Turbine Industry Overview

The North American gas turbine market is moderately consolidated. Some of the major companies are General Electric Company, Rolls-Royce Holding PLC, Mitsubishi Heavy Industries Ltd, Capstone Turbine Corporation, and Solar Turbines Inc.

North America Gas Turbine Market Leaders

  1. General Electric Company

  2. Rolls-Royce Holding PLC

  3. Mitsubishi Hitachi Power Systems Americas, Inc

  4. Capstone Turbine Corporation

  5. Solar Turbines Inc.

  6. *Disclaimer: Major Players sorted in no particular order
North America Gas Turbine Market-Market Concentration.png
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North America Gas Turbine Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2025
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitutes Products and Services
    • 4.7.5 Intensity of Competitive Rivalry
  • 4.8 Assessment of the COVID-19 Impact on the Industry

5. MARKET SEGMENTATION

  • 5.1 Capacity
    • 5.1.1 Less than 30 MW
    • 5.1.2 31 to 120 MW
    • 5.1.3 Above 120
  • 5.2 Type
    • 5.2.1 Combined Cycle
    • 5.2.2 Open Cycle
  • 5.3 End-User Industries
    • 5.3.1 Power
    • 5.3.2 Oil and Gas
    • 5.3.3 Other End-User Industries
  • 5.4 Geography
    • 5.4.1 United States
    • 5.4.2 Canada
    • 5.4.3 Restof North America

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 General Electric Company
    • 6.3.2 Rolls-Royce Holding PLC
    • 6.3.3 Mitsubishi Heavy Industries Ltd
    • 6.3.4 Capstone Turbine Corporation
    • 6.3.5 Solar Turbines Inc.
    • 6.3.6 Siemens AG
    • 6.3.7 Harbin Electric International Company Limited
    • 6.3.8 Kawasaki Heavy Industries, Ltd
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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North America Gas Turbine Industry Segmentation

The North American gas turbine market report include:

Capacity Less than 30 MW
31 to 120 MW
Above 120
Type Combined Cycle
Open Cycle
End-User Industries Power
Oil and Gas
Other End-User Industries
Geography United States
Canada
Restof North America
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North America Gas Turbine Market Research FAQs

What is the current North America Gas Turbine Market size?

The North America Gas Turbine Market is projected to register a CAGR of greater than 4.5% during the forecast period (2025-2030)

Who are the key players in North America Gas Turbine Market?

General Electric Company, Rolls-Royce Holding PLC, Mitsubishi Hitachi Power Systems Americas, Inc, Capstone Turbine Corporation and Solar Turbines Inc. are the major companies operating in the North America Gas Turbine Market.

What years does this North America Gas Turbine Market cover?

The report covers the North America Gas Turbine Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Gas Turbine Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

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North America Gas Turbine Industry Report

Statistics for the 2025 North America Gas Turbine market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Gas Turbine analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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North America Gas Turbine Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)