The import of steam turbines and other vapour turbines to Saudi Arabia stood at 81.5 million US Dollars in 2023. From 2024 onwards, it is forecasted to experience a consistent decline. The values are expected to fall from 78.256 million in 2024 to 61.946 million by 2028.
- Year-on-year (YoY) variation:
- 2024: -3.98%
- 2025: -5.38%
- 2026: -5.55%
- 2027: -5.77%
- 2028: -6.00%
- Compound Annual Growth Rate (CAGR) over the five years (2024-2028): -4.38%
Future trends to watch for include the impact of Saudi Arabia's push towards renewable energy sources and more efficient power production technologies, which could further reduce the demand for traditional steam and vapour turbines.
