The United Kingdom leads the European market in 2023 for sold production of parts of gas turbines with a value of 372.58 million euros, followed by Hungary at 349.36 million euros and Germany at 341.97 million euros. Italy and Sweden are also significant contributors at 151.22 and 118.56 million euros respectively. Smaller contributors include the Netherlands, Finland, Croatia, Austria, Czechia, and Estonia.
The year-on-year variations from 2022 to 2023 indicate a slight decline for the United Kingdom, Hungary, and Germany (-0.63%, -1.25%, and -2.34% respectively). Italy saw a more notable drop of -6.18%. Sweden remained relatively steady with a marginal increase of 0.042%, while smaller countries like Finland and Croatia had substantial gains (6.34% and 11.76%). Estonia also grew by 7.11%. The compound annual growth rate (CAGR) over the last five years needs to be assessed further but indicates ongoing dynamic shifts within these markets.
Future trends to watch for encompass technological advancements in gas turbines, shifts in energy policies favoring greener technologies, and economic conditions that may influence production outputs and demand. Key players in larger markets such as the United Kingdom, Hungary, and Germany will be particularly pivotal in shaping the landscape, while emerging economies might show rapid growth due to strategic investments and innovations in production capabilities.
Top countries in Sold Production of Parts of Gas Turbines by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 372,580,000 | 2023 | -2.49% | -0.63% | View data |
| 2 | 2 Hungary | 349,360,000 | 2023 | -8.84% | -1.25% | View data |
| 3 | 3 Germany | 341,970,000 | 2023 | -1.05% | -2.34% | View data |
| 4 | 4 Italy | 151,220,000 | 2023 | +3.83% | -6.18% | View data |
| 5 | 5 Sweden | 118,560,000 | 2023 | +2.41% | +0.042% | View data |
| 6 | 6 Netherlands | 32,059,000 | 2021 | +29.04% | View data | |
| 7 | 7 Finland | 4,788,600 | 2023 | +8.69% | +6.34% | View data |
| 8 | 8 Croatia | 3,950,000 | 2023 | +4% | +11.76% | View data |
| 9 | 9 Austria | 3,737,000 | 2021 | View data | ||
| 10 | 10 Czechia | 3,135,900 | 2023 |
