Global Turbine Trends in 2024
Turbine is part of Industrial Equipment and includes a number of sub-sectors such as Gas Turbine. You may also be interested in Compressor and Pump.
Global gas turbine exports are projected to surge to nearly $150 billion by 2028, marking a significant rise from approximately $132 billion in 2023. This growth translates to a compound annual growth rate (CAGR) of 2.3%. Since 2019, global supply has consistently increased by 1.8% annually. In 2023, the United Kingdom emerged as the leading exporter in the gas turbine market, with exports totaling around $28 billion. Following the UK, France, Singapore, and Germany secured the second, third, and fourth positions, respectively, in the global ranking of gas turbine exports. Notably, Kuwait has shown remarkable growth, with its gas turbine exports soaring by 67% year on year. Conversely, El Salvador has experienced a decline, with exports down by nearly 20% since 2019.
Top 10 countries
In 2024 major markets in the Turbine Industry were:
World Turbine Market Data and Forecasts
How much the Turbine industry is expected to grow to 2028?
World Turbine Top Rankings
Global Turbine Statistics
- Industrial Equipment Import 192 countries (Africa, Sub-Saharan Africa, Asia...)
- Industrial Equipment Export 189 countries (Asia, Africa, Latin America...)
- Gas Turbine Import 191 countries (Africa, Sub-Saharan Africa, Asia...)
- Gas Turbine Export 176 countries (Asia, Africa, Sub-Saharan Africa...)
- Vehicle Import 198 countries (Asia, Europe, Southeast Asia...)
- Vehicle Export 193 countries (Asia, Europe, Southeast Asia...)
- Turbine Import 184 countries (Africa, Sub-Saharan Africa, Asia...)
- Turbine Export 149 countries (Africa, Europe, Sub-Saharan Africa...)
- HVAC Import 192 countries (Africa, Sub-Saharan Africa, Asia...)
- HVAC Export 183 countries (Asia, Africa, Latin America...)
