Global Gas Turbine Market 2020

Gas Turbine Market Size

The global gas turbine market revenue amounted to $X in 2017, rising by X% against the previous year. Overall, the total market indicated a mild expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the gas turbine consumption increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2015, with an increase of X% against the previous year. Over the period under review, the global gas turbine market attained its peak figure level of $X in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Gas Turbine Production

In 2017, the amount of gas turbines produced worldwide totaled X units, therefore, remained relatively stable against the previous year. In general, gas turbine production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015, when it surged by X% against the previous year. Global gas turbine production peaked in 2017, and is expected to retain its growth in the near future.

Gas Turbine Exports

In 2017, the amount of gas turbines exported worldwide totaled X units, approximately reflecting the previous year. Overall, gas turbine exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when exports increased by X% y-o-y. Over the period under review, the global gas turbine exports attained its maximum volume of X units in 2014; however, from 2015 to 2017, it failed to regain its momentum.

In value terms, gas turbine exports stood at $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained consistent, with only minor fluctuations being recorded over the period under review. Over the period under review, the global gas turbine exports reached its peak figure level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Gas Turbine Exports by Country

Italy represented the key exporter of gas turbines in the world, with the volume of exports resulting at X units, which was approx. X% of total exports in 2017. Singapore (X units) ranks second in terms of the global exports with a X% share, followed by the UK (X%), Poland (X%) and the U.S. (X%). The following exporters - the Czech Republic (X units), South Africa (X units), Canada (X units), Georgia (X units), France (X units), Colombia (X units) and Switzerland (X units) together made up X% of total exports.

Exports from Italy increased at an average annual rate of +X% from 2007 to 2017. At the same time, South Africa (+X%), Colombia (+X%), Singapore (+X%), the Czech Republic (+X%), Poland (+X%), Georgia (+X%) and Switzerland (+X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest growing exporter in the world, with a CAGR of +X% from 2007-2017. Canada experienced a relatively flat trend pattern. By contrast, the UK (-X%), the U.S. (-X%) and France (-X%) illustrated a downward trend over the same period. While the share of the U.S. (X%), France (X%) and the UK (X%) increased significantly in terms of the global exports from 2007-2017, the share of Colombia (-X%), Georgia (-X%), the Czech Republic (-X%), South Africa (-X%), Poland (-X%), Singapore (-X%) and Italy (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest gas turbine markets worldwide were the U.S. ($X), the UK ($X) and Singapore ($X), with a combined X% share of global exports. Canada, France, Italy, Poland, the Czech Republic, Switzerland, Colombia, Georgia and South Africa lagged somewhat behind, together comprising a further X%.

Colombia (+X% per year) experienced the highest rates of growth with regard to exports, in terms of the main exporting countries over the last decade, while the other global leaders experienced more modest paces of growth.

Gas Turbine Export Prices by Country

In 2017, the average gas turbine export price amounted to $X thousand per unit, rising by X% against the previous year. In general, gas turbine export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008, when the average export prices increased by X% year-to-year. Global export price peaked of $X thousand per unit in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was the U.S. ($X thousand per unit), while South Africa ($X per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Czech Republic (+X% per year), while the other global leaders experienced more modest paces of growth.

Gas Turbine Imports

In 2017, the global gas turbine imports totaled X units, growing by X% against the previous year. Overall, gas turbine imports continue to indicate a strong growth. The pace of growth appeared the most rapid in 2016, when it surged by X% year-to-year. Over the period under review, the global gas turbine imports attained its maximum volume in 2017, and are likely to continue its growth in the near future.

In value terms, gas turbine imports totaled $X in 2017. The total import value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. In that year, the global gas turbine imports attained their peak level, and are likely to continue its growth in the immediate term.

Gas Turbine Imports by Country

In 2017, the UK (X units), distantly followed by Thailand (X units) and Malaysia (X units) were the largest importers of gas turbines, together achieving X% of total imports. The following importers - Pakistan (X units), China (X units), Algeria (X units), Israel (X units), Poland (X units), the U.S. (X units), Japan (X units), the United Arab Emirates (X units) and the Netherlands (X units) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Pakistan (+X% per year), while the other global leaders experienced more modest paces of growth.

In value terms, the UK ($X), the U.S. ($X) and Japan ($X) were the countries with the highest levels of imports in 2017, with a combined X% share of global imports. Algeria, Pakistan, Poland, the United Arab Emirates, Thailand, Malaysia, the Netherlands, China and Israel lagged somewhat behind, together comprising a further X%.

Pakistan (+X% per year) experienced the highest growth rate of imports, among the main importing countries over the last decade, while the other global leaders experienced more modest paces of growth.

Gas Turbine Import Prices by Country

The average gas turbine import price stood at $X thousand per unit in 2017, waning by -X% against the previous year. Overall, gas turbine import price continues to indicate a drastic setback. The most prominent rate of growth was recorded in 2012, an increase of X% against the previous year. Over the period under review, the average import prices for gas turbines attained its maximum level of $X thousand per unit in 2007; however, from 2008 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Japan ($X thousand per unit), while Malaysia ($X thousand per unit) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Japan (+X% per year), while the other global leaders experienced mixed trends in the import price figures.

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Source: IndexBox Platform