In 2023, the re-import of gas turbine engines exceeding 5000 kW to the UK stood at a significantly higher volume compared to forecasted declines beginning from 2024. The forecast shows a consistent decrease over the next five years, from $111.33 million in 2024 to $97.165 million in 2028. This indicates an average annual decline of approximately 3.5% per year over this period, suggesting a downward trend.
Future trends to watch for include:
- Technological advancements in gas turbine efficiency, potentially impacting market demand.
- Policy changes related to energy and emission standards which could alter re-import dynamics.
- Shifts in global energy markets or geopolitical factors that might influence supply chains or demand.