Key Market Indicators
Malaysia's import of gas turbines is expected to reach $1.2 billion by 2026, up 2.5% annually from 2021's $997.5 million. This is the highest level since 1994, when the country's demand increased 9.2% year-on-year. In 2021, Malaysia was placed 21st in global rankings, with Switzerland surpassing its figure of $997.5 million. The United Kingdom, France and Singapore followed in 2nd, 3rd and 4th place respectively. Malaysia's export of gas turbines is likely to reach $357.8 million by 2026, increasing 3.4% annually from 2021's $292.6 million. This is the highest figure since 1994, when the country's supply rose 19.4% year-on-year. In 2021, Malaysia was placed 31st in international rankings, with Ukraine surpassing its figure of $292.6 million. France, Singapore and Germany ranked 2nd, 3rd and 4th respectively.
