Total installed nuclear power capacity in China is set to quadruple over the next five years.
San Francisco, CA (PRWEB) September 30, 2012
Nuclear power electricity generation accounts for less than 3.0% of China's total electricity generation. Nevertheless, the emerging Nuclear Power industry in China has been developing quickly and steadily. Over the past five years, industry revenue has been growing at an annualized rate of 12.3% to an estimated $6.8 billion in 2012. ACMR-IBISWorld anticipates that revenue will surge in 2012 and the following five years due to the establishment of 12 new power plants.
The industry comprises nine, giant state-owned enterprises employing 9,332 people with total wages of about $387.8 million. The two major companies, China National Nuclear Corporation and China Guangdong Nuclear Power Group, dominate the industry, contributing over two-thirds of total industry revenue. Industry concentration has decreased over the past five years with the establishment of several new nuclear power projects by enterprises other than the top two. As this highly profitable industry develops further, other enterprises are expected to enter the industry taking market share away from the top players, says IBISWorld.
China's economy has been slowing down over the past few years, which has led to a fall in power demand from the manufacturing sector. As such, the growth in electricity consumption has slowed. However, the Chinese government will continue to support the development of the Nuclear Power industry, as nuclear power plants are cheaper, more efficient, and cleaner than power plants for thermal and wind power generation. As such, the total installed nuclear power capacity in China is expected to quadruple over the five years to 2017.
For more information, visit IBISWorld’s Nuclear Power in China industry report page.
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IBISWorld industry Report Key Topics
The Nuclear Power industry in China is composed of state-controlled nuclear power plants that employ nuclear fission to generate heat, which is then converted to electricity. Nuclear power plants then provide this electricity to transmission systems or to electric power distribution systems.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
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