Key Market Indicators
Malaysia's imports of gas turbines are set to reach $1.16 billion by 2026, up from $997.48 million in 2021. This represents a growth rate of 2.5% year-on-year. Since 1994, imports have grown by 9.2% annually. Malaysia was ranked 21st in 2021, with Switzerland coming in first at $997.48 million. The UK, France, and Singapore ranked 2nd, 3rd, and 4th respectively. Exports of gas turbines from Malaysia are expected to reach $357.8 million by 2026, up from $292.63 million in 2021. This is a growth rate of 3.4% year-on-year. Since 1994, exports have grown by 19.4% annually. Malaysia was ranked 31st in 2021, with Ukraine overtaking it at $292.63 million. France, Singapore, and Germany ranked 2nd, 3rd, and 4th respectively.
