In 2023, China imported gas turbine engines of a power exceeding 5000 kW valued at 55.2 s. The forecast from 2024 to 2028 shows a consistent increase in imports, with values expected to rise annually from 57 s in 2024 to 64.71 s in 2028. This represents a steady year-on-year increase, with a compound annual growth rate (CAGR) of approximately 3.29%.
Future trends to watch for include:
- China's increasing demand for efficient energy infrastructure, which may further drive imports.
- Technological advancements in gas turbine engines that could impact import dynamics.
- Global economic conditions that may influence import volumes and strategies.