The United States leads the global export market for gas turbine engines over 5000 kW with a 40.23% share, despite a slight decline of 1.59% in 2023. The United Kingdom and Sweden have shown positive growth, with shares of 26.75% and 7.58%, respectively, and positive year-on-year growth. Notably, the Czech Republic and the Netherlands showed double-digit growth in 2023, highlighting emerging European players in this sector. Meanwhile, traditional strongholds like Germany and France have experienced declines.
Future trends to watch include the advancements in engine efficiency and sustainability, which can impact market dynamics. Additionally, emerging economies, potentially benefiting from increased demand and local development, are expected to increment their market share progressively. Focus on renewable energy integration might also steer growth opportunities in specific geographies.
Top countries in Export of Gas Turbine Engines of a Power Exceeding 5000 kW Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 40.23 | 2023 | -2.01% | -1.59% | View data |
| 2 | 2 United Kingdom | 26.75 | 2023 | +2.49% | +4.66% | View data |
| 3 | 3 Sweden | 7.58 | 2023 | +3.59% | +7.75% | View data |
| 4 | 4 Germany | 5.77 | 2023 | -7.1% | -1.2% | View data |
| 5 | 5 Netherlands | 5.23 | 2023 | +1.77% | +10.02% | View data |
| 6 | 6 Singapore | 4.38 | 2023 | +1.25% | +1.21% | View data |
| 7 | 7 Czech Republic | 3.71 | 2023 | +5.75% | +14.18% | View data |
| 8 | 8 France | 3.16 | 2023 | -17.45% | -6.9% | View data |
| 9 | 9 Italy | 2.43 | 2023 | -17.72% | -5.25% | View data |
| 10 | 10 Belgium | 2.11 | 2023 | +3.47% | +11.27% | View data |
