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3 MIN. READ
The U.S. engine and turbine industry is a vital part of the nation's economy, providing power for various sectors such as transportation, manufacturing, and electricity generation. The industry consists of companies that manufacture internal combustion engines, gas turbines, steam turbines, wind turbines, and other related equipment. In this blog post, we will explore the top 10 U.S. engine and turbine manufacturers based on their revenue, market share, and product portfolio. We will also discuss some of the key trends and challenges that are shaping the industry's future.
According to IBISWorld, the U.S. engine and turbine industry generated $45.4 billion in revenue in 2020, with a compound annual growth rate (CAGR) of -0.2% from 2016 to 2020. The industry employed 97,061 people and operated 1,412 businesses across the country. The industry's performance was affected by various factors such as fluctuations in oil and gas prices, changes in environmental regulations, shifts in consumer preferences, and technological innovations.
One of the most notable trends in the industry is the growing adoption of wind power as a renewable and low-cost source of energy. According to the U.S. Department of Energy, wind energy in the United States grew at a record pace in 2020, representing the largest source of new additions to the U.S. electric-generating capacity. The U.S. offshore wind pipeline also expanded significantly, with 35,324 megawatts (MW) now in various stages of development. The offshore wind market is expected to benefit from federal action, state-level commitments, and falling costs.
Another trend in the industry is the increasing demand for more efficient and cleaner engines and turbines that can reduce greenhouse gas emissions and fuel consumption. The industry is investing in research and development (R&D) to improve the performance and reliability of its products, as well as to introduce new technologies such as hybrid systems, electric propulsion, and hydrogen fuel cells.
However, the industry also faces some challenges that may hamper its growth potential. These include competition from foreign manufacturers, especially from China and Europe; trade tensions and tariffs that may affect the supply chain and market access; and uncertainty due to the COVID-19 pandemic and its impact on the global economy.
Despite these challenges, the U.S. engine and turbine industry remains a strong and innovative sector that contributes to the nation's energy security and competitiveness. In this blog post, we will highlight the top 10 U.S. engine and turbine manufacturers that are leading the way in this dynamic industry. But first, let's take a look at some insider statistics on the U.S. engine and turbine industry.
According to MNI, compiler and publisher of the data that powers IndustrySelect, there are 1,136 engine and turbine manufacturers in the U.S. that employ 118,273 workers. 31% of engine and turbine manufacturers distribute their products internationally, compared to 29% in U.S. manufacturing as a whole. Additionally, engine and turbine manufacturers import only 8% of raw materials, compared to 11% of all U.S. manufacturers. 1% of U.S. engine and turbine manufacturers are women-owned, while 15% are publicly-owned.
The largest number of engine and turbine manufacturers, 37%, are in the South. The Midwest comes in a close second at 32%. The West is home to 17%, and 14% locate their facilities in the Northeast. Whether you are a procurer or a vendor, engine and turbine companies present you with many opportunities throughout the U.S.
Further Reading: Key Facts on the U.S Industrial Machinery Manufacturing Sector
Top Companies | City | State | Number of Employees |
---|---|---|---|
Stellantis US, LLC | Auburn Hills | MI | 15,000 |
Rolls-Royce Corp. | Indianapolis | IN | 4,000 |
GE Power Electronics, Inc. | Schenectady | NY | 3,740 |
Honda Of America Manufacturing, Inc. | Anna | OH | 3,500 |
GE Power Electronics, Inc. | Greenville | SC | 3,400 |
Mercury Marine | Fond du Lac | WI | 3,100 |
Northrop Grumman Space Systems | Corinne | UT | 2,400 |
Briggs & Stratton Corp. | Wauwatosa | WI | 2,300 |
Detroit Diesel Corp. | Detroit | MI | 2,000 |
GE Power Electronics, Inc. | Atlanta | GA | 2,000 |
1. Stellantis US, LLC provides jobs for 15,000 workers in Auburn Hills, MI. The facility produces automotive engines. Brand names include Chrysler, Dodge, Jeep, Ram, Alpha Romeo, and Mopar. Stellantis’ goals emphasize electrification and autonomous driving. The company also strives for diversity and considers itself a global automotive and mobility leader.
2. Rolls-Royce Corp in Indianapolis, IN, manufactures gas turbine engines. The company’s 4,000 employees produce products for civil and defense aerospace. The company also serves marine and energy markets. Rolls-Royce North America recently invested $400 million to upgrade the Indianapolis testing facilities.
3. GE Power Electronics, Inc. in Schenectady, NY employs 3,740 workers to make steam turbines for industrial and utility use. It also manufactures generators and storage batteries. The company does business as GE Power.
4. Honda of America Manufacturing, Inc., Anna Engine Plt. in Anna, OH, puts 3,500 employees to work making automotive engines. The plant produces an all-new V-6 turbo engine for Acura Type S models. The company has produced engines in Ohio for 35 years.
5. GE Power Electronics, Inc. in Greenville, SC, produces gas turbines for energy applications. The 3,400 employees also turn out infrastructure products. They operate service centers that stock parts and provide turbine repairs. The company is also known as GE Gas Power.
6. Mercury Marine in Fond du Lac, WI, manufactures recreational and commercial propulsion systems for boats. These include outboard, sterndrive and inboard engines. The 3,100 employees also fabricate propellers and other parts for marine vessels.
7. Northrop Grumman Space Systems in Corinne, UT, produces solid rocket propulsion systems and specialty energetic products. Its programs also include stealth aircraft and commercial airliners. With a staff of 2,400, Northop Grumman prides itself on employing the best engineers, business leaders, and program managers.
8. Briggs and Stratton Corp. in Wauwatosa, WI, manufactures small gasoline engines, portable generators, and pressure washers. The 2,300 employees also make lawn and garden, turf care, and job site products. The company is the largest producer of engines for outdoor power equipment.
9. Detroit Diesel Corp in Detroit, MI manufactures heavy-duty diesel engines. It also makes axels and transmissions. The 2,000 employees are helping to introduce an upgraded safety package for the class 8 truck market.
10. GE Power Electronics, Inc. in Atlanta GA produces power generation systems and turbines. Some of the 2,000 employees also participate in software development. The facility is also known as GE Power Portfolio.
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Article Sources:
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