Forecast: Import of Gas Turbine Engines of a Power Exceeding 5000 kW to the UK

The import of gas turbine engines exceeding 5000 kW to the UK is expected to grow steadily from 2024 to 2028. In 2023, the value stood at a lower baseline compared to forecasted increments in subsequent years. The annual increase in volume ranges from around 4.9% to 4.2% year-on-year. Over the entire forecast period, the Compound Annual Growth Rate (CAGR) is approximately 4.5%.

Future trends to watch for include:

  • Technological advancements in turbine efficiency that might affect demand.
  • Shifts in energy policy and the transition to green energy that could impact import volumes.
  • Global economic factors and supply chain dynamics that might alter import patterns.

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