IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Gas Turbines in the US Procurement Price, Data and Insights
Gas turbines are a type of internal combustion engine where atmospheric air is compressed and then ignited using fuel to produce high-pressure gas that creates rotational pressure on turbine blades. This pressure is then converted into electrical energy with a generator for power generation applications. Gas turbines also power machinery such as aircraft and oil and gas equipment. In these applications, the mechanical energy from gas turbines produces horsepower or thrust. Suppliers include manufacturers, and major buyers include energy companies, commercial building developers, commercial airline operators and the military.
Access this data your way
The Gas Turbines Procurement Price, Data and Insights is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What’s included in this market coverage
IBISWorld's research coverage on the Gas Turbines procurement and pricing environment in the United States includes market dynamics, buyer power scores, supply chain vendors with pricing trends and forecasts.
About this Market
What’s this procurement report about?
This procurement coverage of the Gas Turbines market in the United States includes Gas Turbine Manufacturing, Gas Turbine Power Generation, Industrial Gas Turbines, Aero-Derivative Gas Turbines, Turbocompressors and Gas Turbine Blades. Standard coding in this coverage includes HS-8411-Turbo-Jets, Turbo-Propellers And Other Gas Turbines, ISIC-2811-Manufacture of engines and turbines, except aircraft, vehicle and cycle engines, NACE-28.11-Manufacture Of Engines And Turbines, Except Aircraft, Vehicle And Cycle Engines, NAICS-333611-Turbine and Turbine Generator Set Units Manufacturing and UNSPSC-26111609-Gas turbine generator.
What common market terminology is included?
Common market terminology included in the Gas Turbines procurement coverage includes Fracking (A type of well stimulation technique where underground rock is fractured using high-pressure fluids (usually a mixture of chemicals, sand, and water).) and Combined Cycle (An assembly of gas turbines or other heat engines that work in conjunction with each from the same source of heat to produce mechanical energy. A combined cycle system uses a heat recovery steam generator to convert exhaust heat from gas turbines into steam that can be converted into electric power.).
What companies are included as top suppliers?
The top companies covered in the Gas Turbines procurement report as suppliers are Kawasaki Heavy Industries Ltd, Rolls-Royce PLC, Raytheon Technologies Corporation, Honeywell International Inc. and Baker Hughes Company.
Opportunity Assessment
What’s included in the Opportunity Assessment chapter?
The Opportunity Assessment chapter provides a comprehensive market analysis of the Gas Turbines market in the United States category, including buyer power scoring, market pricing trends, vendor landscape, cost structure, and strategic negotiation levers.
The market pricing trends include the Market Price (2026) per unit, a five year price forecast and a supply chain risk score. Vendor coverage includes a market share and cost structure breakdown.
Analysis includes a comprehensive SWOT analysis of and recent developments impacting the Gas Turbines market environment.
Buyer Power Score
What’s included in the Buyer Power Score chapter?
The Buyer Power Score chapter assesses key components impacting Gas Turbines procurement including the recent price trend, forecast price trend, availability of substitutes, switching costs, product specialization, average vendor risk, market share concentration, supply chain risk, price driver volatility and recent price volatility.
These components generate a Buyer Power Score that ranges from -5 (strongly favoring sellers) to +5 (strongly favoring buyers) plus a recommended strategy for procurement specialists.
Price Environment
What’s included in the Price Environment chapter?
The Price Environment chapter covers detailed pricing analysis and datasets on Gas Turbines market environment. This includes insights into market pricing Market Price (2026), price forecasts, volatility, specialization, substitutes and switching costs.
Datasets in the Price Environment chapter include vendor cost structure, breakdowns of wage rates by geography and specialty, key external economic and labor drivers impacting the market and market pricing models.
Supply Chain & Vendors
What’s included in the Supply Chain & Vendors chapter?
The Supply Chain & Vendors chapter covers the concentration, risk and diversity of the Gas Turbines market. This includes datasets on the market’s top suppliers, detailed analysis on the key sourcing risks and supply chain dynamics, with environmental, social and governance (ESG) considerations and scores.
Business Requirements
What’s included in the Business Requirements chapter?
The Business Requirements chapter covers vendor relationships, qualifications, service level agreements and key performance indicators. These inputs provide insight into the planning process through the buying lead time, vendor relationship and vendor qualifications. The sourcing process include key RFP elements like an organizational overview, project budget, selection criteria, project schedule, proposal format, inventory control, cost containment, regulation, quality control, distribution and key contract clauses.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the current market price for Gas Turbines?
The 2026 benchmark market price for Gas Turbines is $120000000 per unit. Prices have increased at a CAGR of 22.93 from 2023-26.
Who are the top vendors in the Gas Turbines market?
The top vendors in the Gas Turbines market include Kawasaki Heavy Industries Ltd, Rolls-Royce PLC, Raytheon Technologies Corporation, Honeywell International Inc. and Baker Hughes Company.
What industries supply the Gas Turbines market?
The top industries supplying the Gas Turbines market are Plastic Products Miscellaneous Manufacturing in the US, Plastic & Resin Manufacturing in the US, Iron & Steel Manufacturing in the US, Iron Ore Mining in the US, Nonferrous Metal Foundry Products Manufacturing in the US and Aluminum Manufacturing in the US.
What is the supply chain risk for Gas Turbines?
High supplier concentration reduces competition and weakens buyer negotiation leverage . The US gas turbine market is dominated by a few large suppliers due to significant barriers to entry and specialized technical requirements. This high market share concentration restricts buyers' options and limits their ability to negotiate favorable pricing or contract terms. Buyers must emphasize strategic vendor assessments, leverage long-term relationships for incremental value, and explore collaborative partnerships to mitigate concentration risk.
What factors affect the price of Gas Turbines?
The thermodynamic cycle type, such as simple or combined cycle, significantly impacts gas turbine pricing, with combined cycle models commanding higher prices due to greater efficiency and lower fuel consumption, appealing to those seeking long-term savings and reduced emissions.
Cut through the noise with intelligence you can trust
