Key Market Indicators
Namibia's gas turbine imports are projected to reach approximately $16 million by 2028, up from around $12 million in 2023. This represents an average annual growth rate of 4%. Since 2005, the country's demand for gas turbines has seen a steady year-on-year increase of 1.1%. On the export front, Namibia's gas turbine exports dropped significantly to about $147,000 in 2018, down from roughly $232,000 in 2017. This marks a steep decline of 37% compared to the previous year. Over the long term, Namibian gas turbine supply has been on a downward trend, decreasing by an average of 28% annually since 2005.
