The turnover for engines and turbines in Italy has shown significant volatility from 2013 to 2023. In 2023, the value stood at 7.96 billion Euros, a slight improvement of 8.95% compared to 2022. Over the last two years, turnover grew by 14.43% in 2022 and 8.95% in 2023, with a 5-year compound annual growth rate (CAGR) of 0.83%. The market had periods of sharp declines, particularly in 2015, 2018, and 2020.
Over the next five years, the market is expected to grow at a steady average annual rate of 0.83%, reaching 8.39 billion Euros by 2028. Despite recent volatility, the forecast suggests stability and modest growth.
Future trends to watch for:
- Technological advancements in engine and turbine efficiency.
- Shifts toward sustainable energy solutions.
- Economic changes and their impact on industrial investments.
