Study Finds $15 Billion U.S. Power Equipment Export Shortfall as China's Industrial Dominance Grows

Highlights

• U.S. electricity generation equipment exports declined 52% between 2012 and 2025, leaving a $15 billion annual export shortfall adjusted for inflation.
• China gained 15–22 percentage points of global export share across three major equipment categories between 2007 and 2025.
• Chinese wind turbines sold 10–40% below competing products in early 2026, while China's electrolyzer capacity reached seven times global demand.
• American manufacturers remain exposed to Chinese rare earth refining, including yttrium used in gas turbines, undermining manufacturing independence.
• Silverado Policy Accelerator recommends combining competitive manufacturing, allied market access, export financing, and secure critical mineral supply chains.