Key Market Indicators
Malaysia's gas turbine imports are forecasted to hit approximately $1.22 billion by 2028, up from around $1.06 billion in 2023. This represents an average annual growth rate of 2.3%. Since 1994, the nation's demand for gas turbines has risen at an annual rate of 3.6%. On the export front, Malaysia's gas turbine exports are expected to climb to about $386 million by 2028, rising from $319 million in 2023. This marks a compound annual growth rate (CAGR) of 3%. Since 1994, Malaysia's supply has seen a yearly increase of 4%. In 2023, Malaysia ranked 31st in global gas turbine exports, with Austria surpassing it at the same export value of $319 million. France, Singapore, and Germany occupied the second, third, and fourth positions, respectively, in this ranking.
