Key Market Indicators
China's gas turbine import and export are both expected to increase significantly over the next five years. Import of gas turbines into China is forecast to reach $9.3 billion in 2026, up 3.1% year on year from 2021's $7.7 billion. Since 1997, Chinese demand has grown 6.1% annually. In 2021, Japan was the largest importer of gas turbines into China, followed by the United Kingdom, France and Singapore. Chinese gas turbine export is predicted to hit $5 billion by 2026, a 2.9% year on year growth rate from 2021's $4.2 billion. Since 1997, Chinese output has increased 1.8% year on year. The Netherlands was the top exporter of gas turbines to China in 2021, followed by France, Singapore and Germany.
China Turbine Market Data and Forecasts
How much will China Turbine Market grow to 2026?
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