Key Market Indicators
**Thai Gas Turbine Export to Hit $466M by 2028** Thailand's gas turbine export is projected to climb to approximately $466 million by 2028, up from $431 million in 2023. This marks an average yearly growth rate of 1.2%. Since 1994, the country's supply has seen a steady increase of 3.8% annually. In 2023, Thailand held the 27th position globally, with Saudi Arabia leading the rankings at the same $431 million mark. France, Singapore, and Germany followed closely, occupying the second, third, and fourth spots, respectively. **Thai Gas Turbine Import to Surpass $2B by 2028** On the import front, Thailand is set to see its gas turbine imports rise to around $2.08 billion by 2028, up from $1.78 billion in 2023. This growth reflects an average annual increase of 2.5%. Since 1993, the country's demand has surged by 3.7% each year, highlighting Thailand's escalating need for gas turbines.
