Core Insights - The heavy-duty gas turbine is a key power equipment in modern industry, converting thermal energy into mechanical energy, with a single unit power typically exceeding 50MW, and is widely used in power generation, industrial drives, and marine propulsion [1][4] - China has made significant breakthroughs in the heavy-duty gas turbine sector since launching the R0110 project in 2002, achieving complete self-research capabilities by 2024, with the market expected to reach 100 billion yuan by 2025 [1][16] - The industry is transitioning from being an "energy heart" to a "green engine," contributing to global energy transformation with advancements in hydrogen integration technology and digital twin management [1][22] Industry Overview - Heavy-duty gas turbines are classified based on cycle type (simple, combined, recuperative), application (power generation, mechanical drive, marine propulsion), and structure (multi-shaft, intercooled) [2][3] - The market for heavy-duty gas turbines in China reached 80 billion yuan in 2024, accounting for 10% of the overall market, with a projected growth to over 100 billion yuan in 2025 [16][18] Development History - The heavy-duty gas turbine sector in China has evolved from reliance on foreign technology to achieving significant self-sufficiency, with key milestones including the successful ignition of a 300MW F-class turbine in 2024 [4][16] - The establishment of the China Aviation Engine Group has accelerated technological advancements, enabling China to become one of the top five countries in heavy-duty gas turbine development [4][16] Industry Chain - The industry chain includes upstream material production (high-temperature alloys, titanium alloys), midstream turbine manufacturing led by state-owned enterprises, and downstream applications in power generation and industrial drives [6][8] - Domestic companies have achieved scale in mid-low end production, but high-end materials and precision processing still rely on imports, indicating a need for increased self-sufficiency [6][8] Current Market Status - The heavy-duty gas turbine market in China is characterized by a competitive landscape dominated by foreign giants (GE, Siemens, Mitsubishi) holding over 80% market share, while domestic companies are gradually increasing their market presence [18][19] - The F-class turbines have seen a domestic production rate exceeding 85%, while the H/J-class turbines still rely heavily on imports [18][19] Future Trends - The industry is moving towards low-carbon, intelligent, and diversified development paths, with hydrogen integration and digital twin technologies expected to enhance efficiency and reduce emissions [21][22] - The demand for gas turbines in new applications such as data centers and marine equipment is expected to grow significantly, driven by the need for high-efficiency, compact power solutions [22][24]