The forecast for the import of steam and vapour turbines to Germany from 2024 to 2028 indicates a consistent downward trend. From 2024's value of 11.382 million USD, imports decline annually, reaching 8.6486 million USD by 2028. Compared to actual data in 2023, imports show a marked reduction, with year-on-year decreases averaging about 6.75% annually over this period. Furthermore, the 5-year compound annual growth rate (CAGR) captures an average yearly decline of approximately 6.75%.
Future trends to watch include:
- Technological advancements affecting demand and efficiency of turbines.
- Germany's energy transition policies and their impact on turbine imports.
- Potential shifts in global supply chains and manufacturing hubs.
