Los Angeles, CA (PRWEB) December 15, 2011
In the five years to 2016, total revenue of the Thermal Power Generation industry in China is forecast to increase at an annualized rate of 7.1% to $276.1 billion. Greater investment in new plants and projects was initiated in 2006 and 2007 to satisfy the increasing needs of electricity consumption. This resulted in substantial growth in total installed capacity and establishment numbers, according to IBISWorld, America’s largest publisher of industry research.
The Thermal Power Generation industry in China accounted for about 79.5% of the country's total electricity generation in 2010, down from 83.2% in 2006, due to higher levels of hydroelectricity generation and tighter regulations on energy saving and emission reduction.
Domestic consumption of electricity in 2010 was up 14.8% from 2009, according to the China Electricity Council. In 2011, it is expected to rise again, due to increasing domestic demand, especially from the tertiary sector, whose proportion of domestic electricity consumption has been rising rapidly in recent years.
Power shortages and industry deregulation stimulated growth in China's power sector over recent years. These deregulation measures, combined with increases in the number of thermal power generation plants, contributed to strong growth in industry revenue over the past decade.
Industry revenue is forecast to total $195.9 billion in 2011, up 12.9% from 2010 (constant 2011 prices). Industry revenue is estimated to have increased at an average annual rate of 12.5% over the past five years to 2011.
Challenges for the industry include fired-coal prices, which have been rising substantially, and over 20 provinces are expected to be exposed to electricity shortages, especially in the last quarter of the year.
With strong and increasing demand for electricity power, revenue of the industry is estimated to total $276.1 billion in 2016, with average annual growth of 7.1% over the next five years.
For more information, including profit levels, market shares, product segmentation and more, download IBISWorld’s report on the Thermal Power Generation industry in China.
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The Thermal Power Generation industry in China comprises establishments that primarily operate thermal power generation facilities. These facilities convert fossil fuels, such as coal, oil and natural gas, into electrical energy. The establishments in this industry then provide electricity to transmission systems or to electric power distribution systems.
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Globalization & Trade
Market Share Concentration
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Cost Structure Benchmarks
Barriers to Entry
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