Key Market Indicators
Spanish imports of gas turbines are projected to hit $2.6 billion by 2026, a 2.6% year-on-year increase since 2021. This marks a 6.1% year-on-year growth since 1994. In 2021, Spain ranked 14th in the world, with Italy ahead at $2.2 billion. The United Kingdom, France and Singapore followed as the 2nd, 3rd and 4th largest importers, respectively. Exports of gas turbines from Spain are expected to reach $1.6 billion by 2026, a 2.4% year-on-year growth since 2021. This marks a 5.4% year-on-year growth since 1994. In 2021, Spain was the 19th largest exporter, with Switzerland ahead at $1.4 billion. France, Singapore and Germany followed as the 2nd, 3rd and 4th largest exporters, respectively.
