Turbine & Turbine Generator Set Units Manufacturing Industry - Market Size, Trends, and Growth - 2025-2030

Industry Overview

This U.S. industry comprises establishments primarily engaged in manufacturing turbines (except aircraft); and complete turbine generator set units, such as steam, hydraulic, gas, and wind.
Source: U.S. Census Bureau

Market Size and Industry Forecast

This research report analyzes the market size and trends in the Turbine and Turbine Generator Set Units Manufacturing industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Turbine & Turbine Generator Set Units Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Turbine & Turbine Generator Set Units Manufacturing
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Turbine & Turbine Generator Set Units Manufacturing Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Turbine & Turbine Generator Set Units Manufacturing industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Turbine and turbine generator set units mfg.	Included
Turbines/turbine generators/turbine generator sets (incl. parts)
Turbine generator sets
Steam turbines and other vapor turbines
Other turbines and turbine generators
Gas turbines, excluding aircraft (all sizes)
Accessories, turbines/turbine generators/turbine generator sets
Parts and accessories for turb., turb. gen., and gen. sets
Turbines, turbine generators and sets (incl. parts), nsk, total
Turbines, turbine generators and sets, nsk, nonadmin-records

Compensation and Salary Surveys

Salary information for employees working in the Turbine & Turbine Generator Set Units Manufacturing industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	6%	Included
Chief Executives	0%
General and Operations Managers	1%
Business and Financial Operations Occupations	5%
Architecture and Engineering Occupations	13%
Engineers	10%
Office and Administrative Support Occupations	9%
Installation, Maintenance, and Repair Occupations	5%
Production Occupations	53%
Assemblers and Fabricators	20%
Engine and Other Machine Assemblers	6%
Engine and Other Machine Assemblers	6%
Miscellaneous Assemblers and Fabricators	13%
Assemblers and Fabricators, All Other, Including Team Assemblers	12%
Metal Workers and Plastic Workers	23%
Machinists	11%
Machinists	11%
Other Production Occupations	6%

Government Contracts

The federal government spent an annual total of $91,178,709 on the turbine & turbine generator set units manufacturing industry. It has awarded 602 contracts to 133 companies, with an average value of $685,554 per company.

Top Companies in Turbine & Turbine Generator Set Units Manufacturing and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included