In the German manufacture of engines and turbines sector, turnover reached 58 billion Euros in 2023. The forecast from 2024 to 2028 shows a steady annual growth, with values increasing from 60.01 billion Euros in 2024 to 67.18 billion Euros in 2028. This indicates a promising trend with a compound annual growth rate (CAGR) over the five-year period.
The year-on-year growth percentages signify a moderate increase, reflecting stable market conditions and consistent demand. Over the last two years, the sector has experienced a positive trajectory, gaining momentum for future growth.
Future trends to watch for include advancements in sustainable energy solutions, innovation in turbine efficiency, and potential market expansion into emerging technologies, which could further drive growth in this sector.
