The United States leads global imports of gas turbine engines under 5000 kW with 14.2% of the market share in 2023, followed closely by the United Kingdom at 13.62% and Poland at 10.42%. Noteworthy year-on-year import value growth was seen in smaller economies, with Croatia experiencing over 50% growth and Chile seeing a 42.75% increase. However, some countries like Indonesia and Argentina faced significant declines. Over the last five years, the global demand for these engines has exhibited considerable diversification with many emerging markets increasing their share.
Looking forward, technological advancements and sustainability considerations are likely to shape the demand and trade patterns in this market. Countries focusing on renewable energy integration and efficient power generation are expected to increase their imports. Additionally, geopolitical factors and economic recovery will influence future trends, with potential shifts in market dynamics as countries seek to strengthen their energy security and infrastructure.
Top countries in Import of Gas Turbine Engines of a Power Not Exceeding 5000 kW Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 14.2 | 2023 | +1.98% | +4.98% | View data |
| 2 | 2 United Kingdom | 13.62 | 2023 | +2.9% | +1.89% | View data |
| 3 | 3 Poland | 10.42 | 2023 | +4.78% | +9% | View data |
| 4 | 4 Singapore | 10.24 | 2023 | +4.2% | +4.04% | View data |
| 5 | 5 United Arab Emirates | 8.49 | 2023 | +3.07% | +2.75% | View data |
| 6 | 6 Canada | 6.8 | 2023 | +3.59% | +7.27% | View data |
| 7 | 7 Japan | 5.6 | 2023 | +2.18% | +2.89% | View data |
| 8 | 8 Pakistan | 3.77 | 2023 | +6.49% | +0.64% | View data |
| 9 | 9 Thailand | 3.73 | 2023 | +2.29% | +8.61% | View data |
| 10 | 10 France | 3.6 | 2023 | +1.58% | +0.38% | View data |
