The North America Turbo Generator Market would witness market growth of 4.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Turbo Generator Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,508.6 million by 2031. The Canada market is experiencing a CAGR of 6.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 5.5% during (2024 - 2031).
Power plants employ a turbo generator to transform mechanical energy into electrical energy. A turbo generator typically consists of a turbine paired to a generator powered by steam, gas, or water flow. The generator creates electricity via electromagnetic induction due to the turbine's rotation.
Additionally, thermal power plants, hydroelectric power plants, and renewable energy sources, including geothermal and wind power, frequently use turbo generators.
The growing adoption of electric vehicles in Mexico is increasing electricity demand. As more EVs are deployed on the roads, the demand for electric charging infrastructure and electricity generation capacity is also increasing in Mexico. It provides backup power for EV charging stations and support expanding charging infrastructure across Mexico.
Free Valuable Insights: The Turbo Generator Market is Predict to reach USD 14.4 Billion by 2031, at a CAGR of 4.4%
Based on Type, the market is segmented into Gas Turbine Generator, Steam Turbine Generator, and Water Turbine Generator. Based on End User, the market is segmented into Coal Power Plants, Nuclear Power Plants, Gas Power Plants, and Others. Based on Cooling System, the market is segmented into Air Cooled, Water Cooled, and Hydrogen Cooled. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Type
By End User
By Cooling System
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 