GE showcases a series of innovative products that support China’s emerging offshore and marine industry at Marintec China 2013. GE’s newly established Global Offshore and Marine business powers, propels and positions the industry with the latest advances in diesel engines, gas turbines, electric drives and dynamic positioning solutions. GE’s innovative solutions being showcased during Marintec are designed to deliver reliability, fuel efficiency, lower maintenance and life cycle costs supporting China’s expansion and growth in the marine industry’s high-value, high-technology sector.
Based on research by Clarkson, Morgan Stanley and GE internal studies with just 1 percent market share improvement in the high-value, high-technology sector that includes offshore and LNG carriers, China has the potential to add $40 billion accumulated revenue growth opportunities through 2020[]. Plus, if the industry transformation could achieve 5 percent market share improvement in the high-value sector, it would add $200 billion accumulated revenue growth opportunities for China through 2020.