Key Market Indicators
Canadian Gas Turbine Imports and Exports Projected to Grow by 2028 Canadian gas turbine imports are projected to climb to approximately $7.6 billion by 2028, up from around $6.7 billion in 2023, reflecting an average annual growth rate of 2%. Since 1994, the nation's demand for gas turbines has seen a yearly increase of 3.5%. On the export front, Canadian gas turbine shipments are expected to reach about $8.2 billion by 2028, rising from $7.2 billion in 2023. This translates to an average annual growth rate of 1.9%. Since 1994, Canada's supply of gas turbines has grown by 2% each year. In 2023, Canada ranked sixth globally in terms of gas turbine exports, with the United States leading the market at approximately $7.2 billion. France, Singapore, and Germany followed, occupying the second, third, and fourth spots respectively.
