Industry Analysis & Industry Trends
The still immature Solar Power Generation industry has been developing rapidly. Industry revenue has been rising at an annualized rate of 78.2% over the five years through 2016 to total $3.3 billion.
Rising household demand for electricity in China has led to several power supply shortages over the past few years, which has stimulated demand for solar power generation. In addition, a reliance on imported oil and gas resources for power and increasing environmental consciousness have led to a strong government focus on the development of renewable energy, especially solar power. By the end of 2015, the total installed capacity of solar power generation increased to 41.58 gigawattes, which accounted for 20% of totals in the world.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the 10 years to 2021, industry value-added for the Solar Power Generation industry is estimated to grow much faster than China's GDP, indicating a growing life cycle stage.
Technology changes are frequent in this industry and are focused on power generation efficiency and project expansion. Hence, improvements in technology and systems will elevate the industry in the near future.
Solar power resources are scattered across the country, and a complete well-developed electricity distribution network is essential for maximizing usage of solar power. However, the Electricity Transmission and Distribution industry in China is still in the early phase of its development (IBISWorld industry report 4420)... purchase to read more