Global Distributed Energy Resource Management System MARKET By Others
| Label | North America | United States | Canada | Mexico |
|---|---|---|---|---|
| 2015 | 5579.5 USD Mn | 3456.7 USD Mn | 1323.9 USD Mn | 798.9 USD Mn |
| 2016 | 5839.8 USD Mn | 3627.1 USD Mn | 1380.5 USD Mn | 832.2 USD Mn |
| 2017 | 6114.9 USD Mn | 3807.5 USD Mn | 1440.2 USD Mn | 867.2 USD Mn |
| 2018 | 6416.6 USD Mn | 4005.3 USD Mn | 1505.7 USD Mn | 905.6 USD Mn |
| 2019 | 6746.3 USD Mn | 4221.6 USD Mn | 1577.2 USD Mn | 947.5 USD Mn |
| 2020 | 7099.1 USD Mn | 4453.3 USD Mn | 1653.6 USD Mn | 992.2 USD Mn |
| 2021 | 7503.3 USD Mn | 4718.3 USD Mn | 1741.3 USD Mn | 1043.7 USD Mn |
| 2022 | 7931.8 USD Mn | 4999.9 USD Mn | 1833.9 USD Mn | 1097.9 USD Mn |
| 2023 | 8386 USD Mn | 5298.9 USD Mn | 1931.8 USD Mn | 1155.2 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
United States accounted for the largest market share in 2017 in the North America gas turbine services market , and is expected to reach USD 5298.90 Million in 2023 from USD 3807.50 Million in 2017.This market is projected to grow at a CAGR of 5.76% during the forecast period from 2018 - 2023. heavy duty segment accounted for the largest market share in 2017, this market is expected to reach USD 4333.40 Million in 2023 from USD 3197.70 Million in 2017. This market is projected to grow at a CAGR of 5.29% during the forecast period from 2018 - 2023. However, aeroderivative segment is the fastest growing market, which is expected to grow at a CAGR of 6.09% during the forecast period 2018 - 2023. maintenance and repair segment accounted for the largest market share in 2017, this market is expected to reach USD 4169.90 Million in 2023 from USD 3011.80 Million in 2017. This market is projected to grow at a CAGR of 5.67% during the forecast period from 2018 - 2023.
However, maintenance and repair segment is the fastest growing market, which is expected to grow at a CAGR of 5.67% during the forecast period 2018 - 2023. power generation segment accounted for the largest market share in 2017, this market is expected to reach USD 4642.60 Million in 2023 from USD 3373.90 Million in 2017. This market is projected to grow at a CAGR of 5.56% during the forecast period from 2018 - 2023. However, oil and gas segment is the fastest growing market, which is expected to grow at a CAGR of 5.66% during the forecast period 2018 - 2023.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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