Key Market Indicators
Italy's gas turbine imports are projected to climb, reaching approximately $2.82 billion by 2028, up from about $2.53 billion in 2023. This marks a compound annual growth rate (CAGR) of 1.7%. Italian demand for gas turbines has been on a steady rise, increasing by 2.1% annually since 1999. On the export front, Italy's gas turbine market is also set to expand. Exports are expected to hit around $3.93 billion by 2028, compared to roughly $3.78 billion in 2023, reflecting a 0.6% annual growth rate. Since 1999, Italian gas turbine exports have grown by 1.5% each year. In 2023, Italy ranked 13th globally in gas turbine exports, with Poland narrowly ahead at the same export value of $3.78 billion. France, Singapore, and Germany occupied the second, third, and fourth positions, respectively.
