China Gas Turbine Market Top 6 Players Rank and Market Size Forecast (Business Opportunities - Marketing & Sales)
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China Gas Turbine Market Top 6 Players Rank and Market Size Forecast | |
Gas Turbine Market Summary A gas turbine is a type of internal combustion engine. Essentially, the engine can be viewed as an energy conversion device that converts energy stored in the fuel to useful mechanical energy in the form of rotational power. The term “gas” refers to the ambient air that is taken into the engine and used as the working medium in the energy conversion process. This air is first drawn into the engine where it is compressed, mixed with fuel and ignited. The resulting hot gas expands at a high velocity through a series of airfoil-shaped blades transferring energy created from combustion to turn an output shaft. The residual thermal energy in the hot exhaust gas can be harnessed for a variety of industrial processes. According to the new market research report “China Gas Turbine Market Report 2023-2029”, published by QYResearch, the China Gas Turbine market size is projected to reach USD 1.69 billion by 2029, at a CAGR of 1.9% during the forecast period. According to QYResearch Top Players Research Center, the China key manufacturers of Gas Turbine include GE, Dongfang Electric, etc. In 2022, the China top three players had a share approximately 76.0% in terms of revenue.  | |
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2024-04-28 (0.220 sec)