Key Market Indicators
**Mexican Gas Turbine Export to Hit $4.4 Billion by 2028** Mexico's gas turbine export market is poised for significant growth, projected to reach approximately $4.4 billion by 2028. This marks an increase from around $3.7 billion in 2023, reflecting an average annual growth rate of 2.6%. Since 1995, Mexico's gas turbine supply has seen a steady increase of 3.5% annually. In 2023, the country ranked 14th globally in gas turbine exports. Italy surpassed Mexico with a comparable export value of $3.7 billion. France, Singapore, and Germany occupied the second, third, and fourth positions, respectively, in the global rankings. **Mexican Gas Turbine Import to Reach $3.5 Billion by 2028** On the import side, Mexico's gas turbine market is also expanding, set to reach about $3.5 billion by 2028. This is up from roughly $3 billion in 2023, with an annual compound growth rate of 2.5%. Since 1995, Mexican demand for gas turbines has grown at an annual rate of 3.8%, underlining the country's increasing reliance on these crucial energy components.
