Key Market Indicators
Oman's gas turbine imports are projected to climb to approximately $662 million by 2028, up from $541 million in 2023. This marks an average annual growth rate of 3.2%. Since 1994, the country's demand for gas turbines has increased by 5% year on year. On the export front, Omani gas turbine exports are expected to reach around $21 million by 2028, rising from $18 million in 2023. This reflects a compound annual growth rate of 2.9%. Since 1995, the supply of Omani gas turbines has grown by 9.6% annually. In 2023, Oman ranked 49th in global gas turbine exports, with Colombia slightly ahead at $18 million. Leading the rankings were France, Singapore, and Germany, occupying the second, third, and fourth positions respectively.
