China Steam Turbine Market Size Forecast, Top 4 Players Rank and Market Share (Business Opportunities - Money Making)
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China Steam Turbine Market Size Forecast, Top 4 Players Rank and Market Share | |
Steam Turbine Market Summary A steam turbine is a device that extracts energy from high-pressure steam and converts it into rotational mechanical power. It operates on the principle of the Rankine cycle. Steam turbines are commonly used in power plants, where steam generated from a heat source (such as coal, natural gas, or nuclear energy) is expanded through the turbine stages. The expansion of steam causes the turbine rotor to rotate, converting the thermal energy of steam into mechanical work. Steam turbines are widely used for electricity generation and are known for their high efficiency and versatility. According to the new market research report “China Steam Turbine Market Report 2023-2029”, published by QYResearch, the China Steam Turbine market size is projected to reach USD 5.4 billion by 2029, at a CAGR of 2.3% during the forecast period. According to QYResearch Top Players Research Center, the China key manufacturers of Steam Turbine include Dongfang Electric, Shanghai Electric, etc. In 2022, the China top three players had a share approximately 83.0% in terms of revenue.  | |
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2024-11-22 (0.224 sec)