The sold production value of gas turbine parts in Germany experienced significant fluctuations between 2013 and 2023, with notable highs and lows. In 2013, the value stood at 457.43 million euros, reaching a low point of 293.06 million euros in 2020. Despite some recovery in 2021, the value in 2023 was 341.97 million euros, reflecting a continued overall decline.
Year-on-year variations reveal a history of instability, with a marked decrease of 28.59% in 2015, followed by periodic recoveries and declines. The average annual decline (CAGR) over the last five years was approximately -2.34%, indicating a general downward trend. Looking ahead, forecasts suggest a moderate decline with a projected five-year CAGR of -0.9%, culminating in a value of 323.0 million euros by 2028.
Future trends to watch for include advancements in green energy technologies, potential regulatory changes, and economic factors affecting the aerospace and energy sectors, which could influence the demand and production values of gas turbine parts in Germany.
