Key Market Indicators
Korea’s gas turbine exports are expected to reach $622 million by 2026, up 1.6% annually from 2021’s $567 million. The country has seen an average 4.7% year-on-year increase since 1993, though Hungary overtook Korea in 2021 with $567 million. France, Singapore, and Germany took the next three spots. Meanwhile, Korea’s gas turbine imports are projected to reach $2.2 billion by 2026, up 2% yearly from 2021’s $1.9 billion. Korea’s demand has grown 6.1% year-on-year since 1993, though Poland overtook Korea in 2021 at $1.9 billion. The UK, France, and Singapore took the next three places.
