Key Market Indicators
Indonesia's gas turbine export market is projected to hit approximately $85 million by 2028, rising from around $75 million in 2023. This growth represents an average annual increase of 2%. Despite this upward trend, Indonesia's supply has seen a slight decline of 0.8% annually since 1994. In the global ranking for 2023, Indonesia stood at the 38th position, with Finland overtaking it at a similar export value of $75 million. The top three spots were occupied by France, Singapore, and Germany, respectively. On the import side, Indonesia's gas turbine market is anticipated to grow modestly. By 2028, imports are expected to reach roughly $420 million, up from about $408 million in 2023, marking an average annual increase of 0.5%. However, since 1994, the country's demand for gas turbines has decreased by 1.2% each year.
