Key Market Indicators
Moroccan gas turbine imports are projected to surge to approximately $459 million by 2028, up from about $363 million in 2023. This represents an average annual growth rate of 3.7%. Since 1998, the demand for gas turbines in Morocco has seen a steady increase of 2.3% per year. On the export front, Morocco's gas turbine exports are expected to reach nearly $84 million by 2028, rising from around $69 million in 2023, with a compound annual growth rate (CAGR) of 3%. Despite this growth, the country's supply has remained relatively stable since 2006, showing no significant year-on-year change. In 2023, Morocco ranked 39th globally in gas turbine exports, with Indonesia just ahead at the same export value of $69 million. Leading the rankings for gas turbine exports were France in second place, followed by Singapore and Germany in third and fourth positions, respectively.
