Wind Power in China Industry Research Report – Now Available from IBISWorld

Share Article

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.

IBISWorld Market Research

IBISWorld Market Research

Wind power is playing an increasingly significant role in power generation in China

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.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

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.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Gavin Smith
Visit website