The Chinese government is promoting hydroelectric power over thermal power.
San Francisco, CA (PRWEB) February 03, 2013
Power shortages, industry deregulation and the implementation of a market mechanism have stimulated growth in China's power sector in recent years. These deregulation measures, combined with increases in the number of thermal power generation plants, contributed to strong growth in revenue for the Thermal Power Generation industry in China, says IBISWorld. Over the past five years, industry revenue has been growing at an annualized rate of 12.5% to $231.4 billion in 2012.
The Thermal Power Generation industry in China has a low concentration level. IBISWorld research indicates that the four largest industry participants, Datang International Power Generation, Huadian Power, China Huaneng Group, and Daqing Petroleum Administration, account for about 15.0% of industry revenue in 2012. The low industry concentration level is due to the slow development of the industry; geographic limitations of expansion; capacity and distribution constraints; and high levels of capital required to expand operations.
Thermal power generation accounts for almost three-quarters of China’s total electricity generation; however, due to tighter energy-saving and emission-reduction regulations and higher levels of output from the Hydroelectric Power industry (IBISWorld industry report 4412), that percentage is falling. Over the next five years, the Chinese government will continue to emphasize hydroelectric power generation and limit the proportion of thermal power generation, says IBISWorld.
For more information, visit IBISWorld’s Thermal Power Generation in China industry report page.
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IBISWorld Industry Report Key Topics
The Thermal Power Generation industry in China operates thermal power generation facilities that 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.
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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