Key Market Indicators
The UAE's gas turbine import is expected to hit $7.2 billion by 2026, an increase of 1.8% year-on-year. Since 2012, demand has risen by 4.4% annually. In 2021, the country ranked eighth in the world, behind China, which had an import value of $6.5 billion. The UK, France, and Singapore ranked second, third, and fourth respectively. The UAE's gas turbine export is on track to reach $1.9 billion by 2026, with a CAGR of 2.5% year-on-year. Since 2012, supplies have jumped 10.1% annually. In 2021, the country came in seventeenth in the world, behind Belgium with $1.7 billion. France, Singapore, and Germany ranked second, third, and fourth respectively.
