In 2023, the United States led global exports of gas turbine engines over 5000 kW at $1.8561 billion, despite a slight decline of 1.59%. The United Kingdom, marking a 4.66% increase, and Sweden, with a 7.75% rise, followed. Noteworthy growth came from Kazakhstan, which surged by 67.25%, albeit from a low base. Meanwhile, Japan faced a considerable downturn of 22.78%. Over the past five years, the industry has showcased varied performances across regions, with rising contributions from countries like the Czech Republic. The compound annual growth rate indicates stability with selective country-specific growth spurts.
Future trends to watch include technological advancements in turbine efficiency and the shift towards renewable energy sources, which may impact gas turbine demand. Additionally, evolving geopolitical landscapes and trade policies will affect export dynamics. Furthermore, environmental regulations could influence production practices and market opportunities, potentially shifting market players and regional export leadership.
Top countries in Export of Gas Turbine Engines of a Power Exceeding 5000 kW by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,856,100,000 | 2023 | -2.01% | -1.59% | View data |
| 2 | 2 United Kingdom | 1,233,900,000 | 2023 | +2.49% | +4.66% | View data |
| 3 | 3 Sweden | 349,580,000 | 2023 | +3.59% | +7.75% | View data |
| 4 | 4 Germany | 266,180,000 | 2023 | -7.1% | -1.2% | View data |
| 5 | 5 Netherlands | 241,290,000 | 2023 | +1.77% | +10.02% | View data |
| 6 | 6 Singapore | 202,130,000 | 2023 | +1.25% | +1.21% | View data |
| 7 | 7 Czech Republic | 170,990,000 | 2023 | +5.75% | +14.18% | View data |
| 8 | 8 France | 145,580,000 | 2023 | -17.45% | -6.9% | View data |
| 9 | 9 Italy | 111,960,000 | 2023 | -17.72% | -5.25% | View data |
| 10 | 10 Belgium | 97,203,000 | 2023 | +3.47% | +11.27% | View data |
