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Wind Power in China Grew by 43% in 2012, to an estimated $10.2 billion

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San Francisco, CA (PRWEB) October 14, 2012- As a clean and renewable energy source, wind power is playing an increasingly significant role in power generation, ranking fourth after thermal power, hydroelectric power and nuclear power. Revenue for the Wind Power industry in China is estimated at $10.2 billion in 2012. With strong government support for alternative energy generation, the Wind Power industry in China will likely experience another five-year-period of expansion, says IBISWorld. However, growth will be limited by new government approval regulations.

Over the past five years, revenue has been growing 73.9% annually, says IBISWorld. As a clean and renewable energy source, wind power is playing an increasingly significant role in power generation, ranking fourth after thermal power, hydroelectric power and nuclear power. Revenue for the Wind Power industry in China is estimated at $10.2 billion in 2012. Wind power generation firms have been consistently increasing installed capacity over the period, and an oversupply of wind turbines is stimulating their further expansion. The national standard for on-grid wind turbines came into force in November 2011 to address the bottleneck. Even for those on-grids, however, large amounts of electric power are discarded due to the limited transmission capacity of the grid.

The top four wind power generators in China account for almost half of industry revenue in 2012. The concentration level of the industry dropped sharply after the Power Sector Reform in 2002, when the former monopoly, the National Electric Power Corporation, was split into five major state-owned power generation groups and two electric grid corporations. The five major power generation groups, China Guodian Corporation, China Datang Corporation, China Huaneng Group, Shenhua Group, and China Huadian Corporation, have access to generous government subsidies for new energy exploration and competition among them is intense.

With strong government support for alternative energy generation, the Wind Power industry in China will likely experience another five-year-period of expansion, says IBISWorld. However, growth will be limited by new government regulations requiring the approval of new wind power projects by the National Energy Bureau. In addition, projects in regions where over 20% of electricity generated by wind power is discarded due to limited transmission capacity will no longer be approved.

For more information, visit IBISWorld’s Wind Power in China industry report page.

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IBISWorld industry Report Key Topics

The Wind Power industry in China generates power by natural wind from the ocean as well as the land. As a clean and renewable energy source, wind power is playing an increasingly significant role in power generation, ranking after thermal power, hydroelectric power and nuclear power.

Industry Performance

Executive Summary

Key External Drivers

Current Performance

Industry Outlook

Industry Life Cycle

Products & Markets

Supply Chain

Products & Services

Major Markets

Globalization & Trade

Business Locations

Competitive Landscape

Market Share Concentration

Key Success Factors

Cost Structure Benchmarks

Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data

Annual Change

Key Ratios

About IBISWorld Inc.

Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Gavin Smith
IBISWorld
310-866-5042
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