In 2023, the United Kingdom led Europe's gas turbine parts production, capturing 27.39% of the market share. Hungary and Germany closely followed, securing 25.68% and 25.14%, respectively. Notably, Italy and Sweden held smaller shares, with 11.12% and 8.71%. Smaller players included the Netherlands, Finland, Croatia, Austria, Czechia, and Estonia, together contributing less than 4%.
Year-on-year variations show a declining trend for major players like the UK, Hungary, and Germany, with decreases in their shares, whereas smaller countries like Finland and Croatia experienced significant growth, demonstrating shifts in competitive dynamics.
Looking to the future, watch for potential shifts in production dynamics driven by technological advancements, energy transitions, and policy changes. Europe's move towards renewable energy may alter demand patterns, influencing production allocations and innovation in this sector.
Top countries in Sold Production of Parts of Gas Turbines Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 27.39 | 2023 | -2.49% | -0.63% | View data |
| 2 | 2 Hungary | 25.68 | 2023 | -8.84% | -1.25% | View data |
| 3 | 3 Germany | 25.14 | 2023 | -1.05% | -2.34% | View data |
| 4 | 4 Italy | 11.12 | 2023 | +3.83% | -6.18% | View data |
| 5 | 5 Sweden | 8.71 | 2023 | +2.41% | +0.042% | View data |
| 6 | 6 Netherlands | 2.36 | 2021 | +29.04% | View data | |
| 7 | 7 Finland | 0.35 | 2023 | +8.69% | +6.34% | View data |
| 8 | 8 Croatia | 0.29 | 2023 | +4% | +11.76% | View data |
| 9 | 9 Austria | 0.27 | 2021 | View data | ||
| 10 | 10 Czechia | 0.23 | 2023 |
