The import of gas turbine engines with a power not exceeding 5000 kW to Canada was valued at $195 million in 2023. Forecasts show a steady increase from 2024 to 2028, reaching $230.62 million. Year-on-year growth rates are around 3.5% to 3.8%. From 2023 to 2028, the compound annual growth rate (CAGR) is approximately 3.4%.

Future trends to watch for:

Technological advancements leading to more efficient gas turbine engines.
Environmental regulations impacting the import and use of gas turbines.
Potential shifts in energy policy affecting the demand for smaller capacity gas turbines.