Key Market Indicators
Norwegian gas turbine exports are projected to climb to approximately $436 million by 2028, up from around $397 million in 2023. This marks an average annual growth rate of 1.5%. Since 1998, the country's supply of gas turbines has increased at an average rate of 2.1% per year. In 2023, Norway ranked 28th globally for gas turbine exports, with Thailand slightly ahead at approximately $397 million. Leading the rankings were France, Singapore, and Germany, occupying the second, third, and fourth positions respectively. On the import side, Norwegian gas turbine imports are expected to reach nearly $889 million by 2028, up from about $756 million in 2023. This represents a compound annual growth rate (CAGR) of 2.5%. Since 1998, the demand for gas turbines in Norway has grown at an average rate of 1.1% per year.
