Key Market Indicators
Hungarian gas turbine imports are projected to hit approximately $897 million by 2028, up from around $826 million in 2023. This marks an average annual growth rate of 1.3%. Since 1997, Hungary's demand for gas turbines has seen a steady increase of 4.8% each year. On the export side, Hungary is expected to reach nearly $686 million in gas turbine exports by 2028, rising from about $648 million in 2023. This represents a compound annual growth rate of 0.9%. The country's gas turbine supply has surged by 4.6% annually since 1997. In the global rankings for 2023, Hungary placed 23rd, with Ireland overtaking it with exports valued at approximately $648 million. France, Singapore, and Germany secured the second, third, and fourth spots, respectively.
