Key Market Indicators
Russian exports of gas turbines are projected to reach $2.7 billion by 2026, growing at an average rate of 2.6% year on year. Since 2001, Russian supply has increased by 8.8% year on year. In 2021, Mexico led the way with exports of $2.3 billion, followed by France ($2 billion), Singapore ($1.9 billion) and Germany ($1.7 billion). Meanwhile, Russian imports of gas turbines are set to dip slightly to $716 million by 2026, falling at an average rate of 0.1% year on year. Since 2001, Russian demand has decreased by 0.6% year on year. In 2021, Ireland was the biggest supplier with imports of $720 million, followed by the United Kingdom ($703 million), France ($601 million) and Singapore ($586 million).
