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 145.3% over the five years through 2015 to total $2.6 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. In the twelfth five-year planning period (2011 to 2015), the State Energy Administration aims to take the installed capacity of solar power generation from 860 megawatts to 21 gigawatts.... purchase to read more
Industry Report - Industry Analysis Chapter
The Solar Power Generation industry in China has grown significantly in the past five years, with revenue increasing 145.3% annually to $2.6 billion in 2015. The main industry drivers have been rising domestic demand, increased environmental consciousness and heavy government assistance.
China's industrialization has led to rapidly rising demand for electricity from almost all sectors of the economy. Electricity consumption of the manufacturing industries in China rose from 2.6 billion KWh in 2008 to 4.1 billion KWh in 2014. At the same time, household power consumption went from 403.5 billion KWh in 2008 to 692.8 billion KWh in 2014... purchase to read more