The Engines and Turbines Manufacturing market in Finland, excluding aircraft, vehicle, and cycle engines, shows a gradual recovery since 2015. In 2023, the market reached a value of 29,370 thousand units. An annual uptick is seen consistently over recent years with year-on-year growth rates escalating steadily since 2016. The average annual growth rate (CAGR) over the last five years stands at 1.77%, highlighting sustained progress from previous declines.

Future trends to be aware of include:

Technological advancements increasing efficiency and reducing operational costs
Rising demand for sustainable and renewable energy solutions
Potential impacts of regulatory changes on environmental standards
Global supply chain disruptions possibly influencing production and cost structures