Key Market Indicators
Canada's import and export of gas turbines is expected to surge in the coming years. In 2021, the country's import was valued at $6.4 billion, with the United Arab Emirates topping the ranking at $6.4 billion. The United Kingdom, France and Singapore followed, ranking second, third, and fourth, respectively. From 2021 to 2026, Canadian gas turbine imports are projected to grow at an average annual rate of 2.2%, reaching $7.3 billion by 2026. Since 1994, the year-on-year growth rate has been 7.6%. Export of gas turbines from Canada is projected to see similar growth in the coming years. In 2021, the country's export was valued at $6.8 billion, with the United States taking the lead at $6.8 billion. France, Singapore and Germany followed, ranking second, third, and fourth, respectively. From 2021 to 2026, Canadian gas turbine exports are predicted to grow at a compound annual growth rate of 2.1%, reaching $7.8 billion by 2026. Since 1994, the year-on-year growth rate has been 5.6%.
