Key Market Indicators
Morocco is set to become a major player in the global gas turbine market. In 2021, imports of gas turbines in Morocco amounted to around $326.4 million, a 4.2% increase compared to the previous year. Since 1998, the demand for gas turbines in the country has grown by 28.5% on average each year. Morocco ranked 43rd among the world's major gas turbine importers in 2021, with Pakistan leading the way at $326.4 million. The United Kingdom, France, and Singapore came in 2nd, 3rd, and 4th respectively. Exports of gas turbines from Morocco are predicted to reach $77.7 million by 2026, at an average rate of 3.4% year on year. Since 2006, the country's supply of gas turbines has increased by 80.1% annually on average. Morocco came in 39th among the world's major exporters of gas turbines in 2021, with Indonesia overtaking it at $63.6 million. France, Singapore, and Germany took the next three spots. Morocco is on the path to becoming an important player in the global gas turbine market.
