The import of steam and vapour turbines, except marine propulsion, to France has seen a consistent decline from 2018 to 2022. The year-on-year percentage decrease shows a continuous downward trend, with imports reducing more drastically each year. The cumulative annual growth rate (CAGR) over the last five years reflects a significant average annual decline, indicating a market contraction. In 2023, the value of these imports remained at historically low levels, continuing this trend.
- Future trend watch includes:
- Transition to more sustainable and renewable energy sources could further lessen France's reliance on imported steam and vapour turbines.
- Innovations in turbine technology might impact import requirements and stimulate new market dynamics.
- Economic policies and shifting energy needs may alter the import landscape, warranting close observation.
