Key Market Indicators
Germany is set to become the world's largest importer and exporter of gas turbines by 2026. The import of gas turbines is expected to reach $16 billion by 2026, with an average annual growth of 2.4% since 2021. In 2021, Germany was the fifth-largest importer, with Singapore overtaking it at $13.6 billion. The United Kingdom, France and Singapore respectively ranked 2nd, 3rd and 4th in this ranking. Exports of gas turbines from Germany are expected to reach $13.7 billion by 2026, with an average annual growth of 2% since 2021. In 2021, Germany was the fourth-largest exporter, with Singapore overtaking it at $12.2 billion. France, Singapore and Germany respectively ranked 2nd, 3rd and 4th in this ranking. Since 1996, German demand for gas turbines has increased 6.6% year on year, while supply has increased 8.3% year on year.
Germany Turbine Market Data and Forecasts
How much will Germany Turbine Market grow to 2026?
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