Key Market Indicators
**Russian Gas Turbine Exports to Reach $2.87 Billion by 2028** Russian gas turbine exports are projected to climb to nearly $2.9 billion by 2028, up from around $2.5 billion in 2023. This growth represents an average annual increase of 2.3%. Since 2001, the country's gas turbine supply has consistently expanded at a rate of 3% per year. In the global ranking for 2023, Russia held the 15th position, with Mexico surpassing it by reaching approximately $2.5 billion in exports. France, Singapore, and Germany occupied the second, third, and fourth spots, respectively. **Russian Gas Turbine Imports to Decline Slightly** On the import side, Russia's gas turbine imports are expected to slightly decline to about $714 million by 2028, down from nearly $718 million in 2023. This forecasted decrease represents an average annual drop of 0.1%. Despite this slight decline, Russian demand has shown modest growth since 2001, increasing by 0.4% annually.
