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Home   Machinery and Equipment    Gas Turbine Engines

Gas Turbine Engines

Global demand for gas turbine engines is forecast to expand 2.3% p.a. between 2016 and 2020. Currently, gas turbine engines (power less than 5000 kW) account for 5.2% of the global demand while the remaining market share is divided between gas turbine engines (power more than 5000 kW) (25.1%) and parts of gas turbine engines (69.7%).

China, Italy, Latvia, South Korea and the United States are considered the highest potential markets in the coming years. China, Italy, Japan, South Korea and the United States represent the largest gas turbine engine markets while the strongest annual growth is forecast to occur in Latvia (55.1%), Nepal (9.6%), Lebanon (9.5%), Finland (8.8%) and Philippines (7.4%).

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