The sold production of parts of gas turbines in Finland has shown a significant increase from 2013 to 2023, rising from 1.6878 million euros to 4.7886 million euros. This substantial growth reflects improved demand and possibly advancements within the industry. The year-on-year variations highlight significant fluctuations, with notable peaks in 2017 and 2021. Over the last two years, the values increased by 8.69% in 2023 despite a slight drop in 2022. The compound annual growth rate (CAGR) for the past five years stands at 6.34%, underlining a steady upward trend.
Future trends to watch include the forecasted annual growth rate moving forward to 2028, which, despite lowering to a 3.07% CAGR, still promises a cumulative growth of 16.32% over the next five years, indicating continued strong demand and the potential for further advancements in gas turbine technology and production capabilities.
