Asia: Gas Turbine Market 2020

Gas Turbine Market Size in Asia

The revenue of the gas turbine market in Asia amounted to $X in 2017, stabilizing at the previous year. The market value increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2009, when it surged by X% year-to-year. Over the period under review, the gas turbine market reached its peak figure level of $X in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Gas Turbine Production in Asia

The gas turbine production totaled X units in 2017, approximately reflecting the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015, with an increase of X% year-to-year. The volume of gas turbine production peaked in 2017, and is likely to see steady growth in the near future.

Gas Turbine Exports in Asia

In 2017, the amount of gas turbines exported in Asia amounted to X units, going up by X% against the previous year. The total exports indicated a strong expansion from 2007 to 2017: its volume 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 exports increased by +X% against 2011 indices. The pace of growth appeared the most rapid in 2012, with an increase of X% y-o-y. Over the period under review, the gas turbine exports reached its peak figure volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, gas turbine exports amounted to $X in 2017. The total exports indicated a remarkable increase 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 exports increased by +X% against 2009 indices. Over the period under review, the gas turbine exports attained its maximum level in 2017, and are likely to see steady growth in the immediate term.

Gas Turbine Exports by Country in Asia

Singapore represented the major exporter of gas turbines in Asia, with the volume of exports resulting at X units, which was approx. X% of total exports in 2017. Georgia (X units) occupied the second position in the ranking, distantly followed by Japan (X units). All these countries together took approx. X% share of total exports. China (X units), Sri Lanka (X units), Turkey (X units) and Kazakhstan (X units) occupied the mild share of total exports.

Exports from Singapore increased at an average annual rate of +X% from 2007 to 2017. At the same time, Kazakhstan (+X%), Georgia (+X%), China (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. Japan experienced a relatively flat trend pattern. By contrast, Sri Lanka (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Sri Lanka increased by X% percentage points, while China (-X%), Kazakhstan (-X%), Georgia (-X%) and Singapore (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X) remains the largest gas turbine supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Japan ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Singapore amounted to +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-X% per year) and China (+X% per year).

Gas Turbine Export Prices by Country in Asia

The gas turbine export price in Asia stood at $X thousand per unit in 2017, remaining stable against the previous year. The export price indicated a modest growth from 2007 to 2017: its price 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 export price decreased by -X% against 2011 indices. The most prominent rate of growth was recorded in 2009, when it surged by X% y-o-y. The level of export price peaked of $X thousand per unit in 2011; however, from 2012 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 Japan ($X thousand per unit), while Georgia ($X thousand per unit) was amongst the lowest.

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

Gas Turbine Imports in Asia

In 2017, approx. X units of gas turbines were imported in Asia; increasing by X% against the previous year. The gas turbine imports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2017, when imports increased by X% year-to-year. In that year, the gas turbine imports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, gas turbine imports amounted to $X in 2017. The total import value increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. In that year, the gas turbine imports attained their peak level, and are likely to continue its growth in the immediate term.

Gas Turbine Imports by Country in Asia

Thailand (X units) and Malaysia (X units) represented the major importers of gas turbines in 2017, accounting for near X% and X% of total imports, respectively. It was distantly followed by Pakistan (X units), China (X units) and Israel (X units), together constituting X% share of total imports. Japan (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

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 leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported gas turbines in Asia, making up X% of global imports. The second position in the ranking was occupied by Pakistan ($X), with a X% share of global imports. It was followed by the United Arab Emirates, with a X% share.

In Japan, gas turbine imports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: Pakistan (+X% per year) and the United Arab Emirates (-X% per year).

Gas Turbine Import Prices by Country in Asia

The gas turbine import price in Asia stood at $X thousand per unit in 2017, going down by -X% against the previous year. The gas turbine import price continues to indicate an abrupt setback. The pace of growth was the most pronounced in 2009, when it surged by X% year-to-year. In that year, the import prices for gas turbines reached their peak level of $X thousand per unit. From 2010 to 2017, growth of the import prices for gas turbines stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; 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 leaders experienced a decline in the import price figures.

Source: IndexBox Platform