Key Market Indicators
New Zealand's gas turbine export market is projected to climb to approximately $11.9 million by 2028, up from $11.6 million in 2023. This represents an average annual growth rate of 0.4%. However, since 1994, the country's supply has seen a slight annual decrease of 0.2%. In 2023, New Zealand ranked 53rd in global gas turbine exports, just behind Portugal, which also reported $11.6 million in exports. France, Singapore, and Germany occupied the second, third, and fourth positions, respectively. On the import side, New Zealand's gas turbine market is expected to reach around $1.3 billion by 2028, increasing from $1 billion in 2023. This marks an average annual growth rate of 3.2%. Since 1994, the country's demand for gas turbines has surged by an average of 4.9% annually.
