The sold production of parts of gas turbines in Italy experienced significant fluctuations over the past decade. From a peak of €284.37 million in 2016, the value declined to a low of €136.85 million in 2021. Recently, it reached €151.22 million in 2023. The year-on-year variations highlight a considerable volatility with both sharp increases and declines. Specifically, the last two years saw positive growth with increases of 6.42% in 2022 and 3.83% in 2023. The five-year CAGR from 2018 to 2023 remains negative at -6.18%. Future forecasts suggest a modest recovery, with a CAGR of 2.61% projected until 2028.
Future trends to watch for:
- Technological advancements and their impact on production efficiencies and costs.
- Market demand driven by shifts towards renewable energy and carbon neutrality efforts.
- Policy changes and regulatory pressures impacting the energy sector.
- Global economic conditions influencing investment and production capacity.
