TechNavio: China turbine market to thrive at CAGR 8.66%

TechNavio’s analysts forecast the Turbine market in China to grow at a CAGR of 8.66% over the period 2013-2018. One of the key factors contributing to this market growth is the growth of the Power industry in China. The Turbine market in China has also been witnessing the increasing investment in R&D. However, the increasing cost of raw materials could pose a challenge to the growth of this market.

Key vendors dominating this space are Chongqing Hydropower Equipment Co., Ltd., Fujian Nandian Co. Ltd, Nanjing Turbine and Electric Machinery Co. Ltd., and Quingdao Machinery Industry Corp.