Key Market Indicators
Australia's gas turbine export industry is projected to hit approximately $146 million by 2028, climbing from around $136 million in 2023. This marks an average annual growth of 1.1%. Since 1993, the country's supply has seen a steady increase of 1.8% per year. In 2023, Australia ranked 34th in the global market, with Romania narrowly surpassing it at $136 million. Leading the ranking were France, Singapore, and Germany, holding the second, third, and fourth positions respectively. On the import side, Australia's gas turbine market is expected to reach roughly $1 billion by 2028, up from about $992 million in 2023. This represents a compound annual growth rate (CAGR) of 0.3%. Since 1993, demand for gas turbines in Australia has risen by an average of 1.2% each year.
