Key Market Indicators
Germany is expected to be one of the top importers of gas turbines in the coming years. According to estimates, by 2026, Germany's gas turbine import is predicted to reach around $15.7 billion, a 2.4% year-on-year average growth rate since 1996. In 2021, the country was ranked fifth, with Singapore surpassing it at $13.6 billion. The United Kingdom, France and Singapore ranked second, third and fourth respectively. Meanwhile, German gas turbine exports are estimated to reach $13.7 billion by 2026, a 2% year-on-year growth rate since 1996. In 2021, Germany ranked fourth, while Singapore surpassed it at $12.2 billion. France, Singapore and Germany ranked second, third and fourth respectively.
