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Home   Machinery and Equipment    Turbines

Turbines

Global demand for turbines is forecast to expand 2.4% p.a. between 2016 and 2020. Currently, gas turbine engines account for 71.9% of the global demand while the remaining market share is divided between hydraulic turbines and water wheels (4.6%) and steam and vapour turbines (23.5%).

China, India, Latvia, South Korea and the United States are considered the highest potential markets in the coming years. China, Italy, Japan, South Korea and the United States represent the largest turbine markets while the strongest annual growth is forecast to occur in Latvia (29.2%), Lebanon (8.7%), Nepal (8.5%), Finland (8.5%) and Spain (7.6%).

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Reports dispatched immediately by email after your purchase