Key Market Indicators
India is forecast to become one of the world's leading gas turbine exporters and importers by 2026. Exports are expected to hit $5 billion annually, up 4.9% on average year-on-year from 2021's $3.7 billion. Since 1993, Indian exports have grown by an average of 43.8% year-on-year. In 2021, India was the 12th-largest exporter, with Poland topping the list with exports of $3.7 billion. France, Singapore and Germany respectively ranked 2nd, 3rd and 4th. Imports of gas turbines are predicted to reach $4.3 billion by 2026, increasing 4.2% year-on-year from 2021's $3.4 billion. Demand has grown 24.2% year-on-year since 1993. In 2021, India was the 11th-largest importer, with the Netherlands in 1st place at $3.4 billion. The United Kingdom, France and Singapore respectively came in 2nd, 3rd and 4th.
