Key Market Indicators
Estonia's gas turbine import market is projected to grow significantly, reaching approximately $27 million by 2028. This marks a rise from around $23 million in 2023, with an average annual growth rate of 2.9%. Since 2000, the country's demand for gas turbines has increased by 3.9% annually. On the export front, Estonia's gas turbine industry is also set for substantial growth. Exports are expected to hit around $122 million by 2028, up from nearly $94 million in 2023. The compound annual growth rate (CAGR) for exports stands at 4.2%. Since 2000, Estonia has seen a 2.9% annual increase in its gas turbine supply. In 2023, Estonia was ranked 36th globally in gas turbine exports. Croatia surpassed Estonia with exports valued at approximately $94 million. Leading the rankings were France, Singapore, and Germany, occupying the second, third, and fourth positions, respectively.
