Key Market Indicators
Russia's exports of gas turbines are expected to reach $2.7 billion by 2026, an increase of 2.6% each year on average since 2021. Since 2001, Russian supply has grown 8.8% every year. In 2021, Russia was the 15th largest supplier, behind Mexico who exported $2.3 billion. France, Singapore, and Germany took the next three places in the ranking. Imports of gas turbines to Russia are projected to drop 0.1% annually to reach $716 million by 2026. Since 2001, Russian demand has fallen 0.6% each year. In 2021, Russia was the 27th largest importer, slightly behind Ireland who imported $720 million. The United Kingdom, France, and Singapore were the next three largest importers.
