Key Market Indicators
Vietnam's gas turbine market is expected to reach $149 million by 2026, growing at an average rate of 0.6% each year. From 2005 to 2021, the demand for gas turbines in Vietnam decreased by an average of 2.1% each year. The United Kingdom, France and Singapore ranked second, third and fourth, respectively, in terms of demand. Meanwhile, Vietnam's gas turbine exports are forecast to reach $9.8 million by 2026, increasing by an average of 3.7% each year. Since 2006, the country's gas turbine supply has dropped by 4.7% annually. France, Singapore and Germany ranked second, third and fourth, respectively, in terms of exports.
