Key Market Indicators
Swiss Gas Turbine Exports are projected to decrease to approximately $1.3 billion by 2028 from around $1.4 billion in 2023, marking an average annual decline of 1.3%. This downward trend is part of a longer-term decline, as Swiss gas turbine supply has been shrinking by about 4% each year since 1993. In 2023, Switzerland ranked 19th globally in gas turbine exports, with Spain taking the lead, followed by France, Singapore, and Germany in the second, third, and fourth positions, respectively. Conversely, Swiss Gas Turbine Imports are expected to grow to roughly $1.2 billion by 2028, up from approximately $1.1 billion in 2023. This represents an average annual growth rate of 1.3%. Since 1993, the country's demand for gas turbines has been increasing at an average rate of 1.8% per year.
