Key Market Indicators
Singapore's gas turbine exports are predicted to reach $16 billion by 2026, up 4.2% year on year. This is an increase of 16.2% since 1994. In 2021, Singapore was the third largest exporter of gas turbines, with France at first place with $12.6 billion. Similarly, Singapore's gas turbine imports are expected to reach $18.4 billion by 2026, up 3.7% year on year. Since 1994, the country's demand for gas turbines has increased by 15%. In 2021, France once again was the leader in imports, at $14.8 billion. The United Kingdom, France and Singapore respectively ranked second, third and fourth.
