In 2023, the value of Sweden's gas turbine engine exports was 1.26 billion US Dollars. The forecasted export values of gas turbine engines from Sweden from 2024 to 2028 show a steady increase. In 2024, the value is projected to be 1.2768 billion US Dollars, moving up to 1.2958 billion US Dollars in 2025, 1.3144 billion US Dollars in 2026, 1.3326 billion US Dollars in 2027, and reaching 1.3505 billion US Dollars in 2028.
Year-on-year percentage variation:
- 2024: 1.3%
- 2025: 1.5%
- 2026: 1.4%
- 2027: 1.4%
- 2028: 1.3%
The average annual growth rate (CAGR) over the five years is approximately 1.38%.
Future trends to watch for in the Swedish gas turbine engine export market include advances in turbine technology, fluctuations in global energy demand, and developments in sustainable and renewable energy sectors. These factors may significantly influence market dynamics and the projected growth trajectory.
