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China Shipbuilding Industry Corporation cited a report on the domestic gas turbine market published by QYResearch in its half-yearly report on 31 August

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According to QYResearch, China's gas turbine market size will reach USD 1.69 billion by 2029, with a CAGR of 1.9% from 2023 to 2029. The company mainly focuses on the small and medium-sized gas turbine market (power range 5MW-50MW), and the main domestic companies with independent research and development capability of small and medium-sized gas turbines are the company, China Aviation Development Gas Turbine Company Limited, and Dongfang Steam Turbine Company Limited.

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