Key Market Indicators
Kuwait's Gas Turbine Imports are projected to decline to approximately $175 million by 2028, down from an estimated $197 million in 2023. This represents an average annual decrease of 1.9%. The demand for gas turbines in Kuwait has been on a downward trend since 2011, with an average annual reduction of 2.5%. On the export front, Kuwait's Gas Turbine Exports are expected to reach nearly $1.7 million by 2028, a slight decline from about $1.8 million in 2023. This marks an average annual decrease of 0.9%. Despite the projected decline, Kuwait's supply has shown significant growth since 2013, increasing by 66.6% annually. In 2023, Kuwait ranked 67th in gas turbine exports, with Lebanon surpassing it at roughly $1.8 million. Leading the global rankings for gas turbine exports are France, Singapore, and Germany, occupying the second, third, and fourth positions, respectively.
