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 7.5%. In the past two years, hydroelectric power output increased strongly, which negatively affected thermal power generation, however. In 2014, revenue from the Thermal Power Generation industry in China is estimated at $242.5 billion, up 5.4% from 2013.
Thermal power generation accounted for about 78.6%.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
In the decade to 2019, industry value added is expected to grow at the annualized rate of 4.5%. This is lower than GDP growth during the period.
The industry's production output and revenue both follow trends in overall economic growth.
The government imposes controls on the proportion of thermal power generation in total power generation and has set up its priorities for developing hydropower generation plants. Environmental regulations, as well as efforts to decrease coal consumption, will further impede significant industry growth in the future.
Reforms in the sector involve the closure of small units; higher environmental protection; and greater technology requirements. These factors are expected to contribute to slower industry growth in the future... purchase to read more