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Turbine Market Outlook 2022 - 2026

Daily Updated Industry Statistics and Top Emerging Trends about the Turbine Industry

Global Turbine Trends in 2022

Turbine is part of Electrical Equipment and includes a number of sub-sectors such as Gas Turbine. You may also be interested in Motor And Generator, Electricity Meter and Switchgear.

Global gas turbine imports are predicted to reach nearly $188 billion by 2026, rising at an average rate of 2% year on year. This is an increase of 6.6% since 2017. In 2021, the United States was the leading importer of gas turbines, with imports worth $28.2 billion. The United Kingdom, France and Singapore followed in second, third and fourth place respectively. Benin's imports saw a dramatic jump of 642%, while Madagascar's imports were down by 60% since 2017. Exports of gas turbines are anticipated to reach $145.6 billion by 2026, growing 1.7% year on year on average. This is an increase of 6.3% since 2016. In 2021, the United Kingdom was the leading exporter of gas turbines, with exports worth $26.3 billion. France, Singapore and Germany ranked second, third and fourth respectively. Aruba saw a huge increase of 835%, while Tanzania's exports decreased by 94% since 2016.

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In 2022 major markets in the Turbine Industry were:

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Turbine Market Data and Forecasts

How much the Turbine industry is expected to grow to 2026?

Forecast: Global Export of Gas Turbine Engine
Forecast: Import of Gas Turbine Engine to Luxembourg
Forecast: Export of Gas Turbine Engine from Bulgaria
Forecast: Export of Gas Turbine Engine from Macedonia
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