Key Market Indicators
Korean gas turbine exports are expected to reach around $622 million by 2026, a 1.6% year-on-year rise from the 2021 figure of $567 million. Since 1993, the average annual growth rate stands at 4.7%. In 2021, Korea ranked 24th in the world, with Hungary coming first at $567 million. France, Singapore, and Germany took the second, third, and fourth spots, respectively. Meanwhile, Korean gas turbine imports are forecast to reach around $2.2 billion by 2026, a 2% year-on-year increase from the 2021 figure of $1.9 billion. Since 1993, the average annual growth rate stands at 6.1%. In 2021, Korea was 16th in the world, with Poland taking the lead at $1.9 billion. The UK, France, and Singapore came in second, third, and fourth, respectively.
