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 growth in revenue for the Thermal Power Generation industry. Over the past five years, industry revenue has been growing at an annualized rate of 4.5%. In the past two years, hydroelectric power output increased strongly, which negatively affected thermal power generation, however. In 2015, revenue from the Thermal Power Generation industry in China was estimated at $233.3 billion, up 0.3% from 2014.
Thermal power generation accounted for about 75.4% of the country's total electricity generation in 2014, down from 83.2%.... purchase to read more
Industry Report - Industry Analysis Chapter
ACMR-IBISWorld estimates that revenue for the Thermal Power Generation industry increased from $187.0 billion in 2010 to $233.3 billion in 2015, representing annualized growth of 4.5% over the five-year period. Thermal power makes up the majority of the power supply in the country. China has one of the world's fastest-growing economies and is the second-largest energy-consuming and power-generating country in the world. Demand determinants such as overall economic growth, increasing average per capita income, and rising electricity consumption have driven the industry's development in the past five years... purchase to read more