Industry Analysis & Industry Trends
Power shortages, industry deregulation and the implementation of a market mechanism stimulated growth in China's power sector over 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. Over the past five years, industry revenue has been growing at an annualized rate of 10.3%. In the past two years, hydroelectric power output increased strongly, which negatively affected thermal power generation, however. In 2013, revenue from the Thermal Power Generation industry in China is estimated at $235.3 billion, up 6.0% from 2012.
Thermal power generation accounted for about 78.6%.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Thermal Power Generation industry in China has a low concentration level. The four largest industry participants– Datang International Power Generation Company Limited, China Huadian Corporation, China Huaneng Group, and China National Petroleum Corporation – account for about 15.9% of industry revenue in 2013. The low industry concentration level is due to the slow development of the industry; geographic limitations on expansion; capacity and distribution constraints; and high levels of capital required to expand operations.
The industry concentration level is expected to increase slightly in future years, as many participants have started expanding their positions from the provincial level to the national level... purchase to read more