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 - Starting a New Business Chapter
The separation of generation from transmission and distribution functions, and promotion of private investment and competition in power generation, including thermal power generation, has occurred in recent years. This, and other deregulation measures, will contribute to removing many of the persisting barriers to the large-scale commercial development of power plants.
Prospective entrants to the electricity generation industry must have large amounts of capital and considerable expertise to enter the industry.
Firms are required to comply with new government and environmental regulations, as environmental protection and emission reduction are getting more attention. This can add to the cost of establishing and operating a thermal power generating plant... purchase to read more