Industry Analysis & Industry Trends
Over the past five years, industry revenue has been fairly stagnant, growing at an annualized rate of 0.6%. In the past two years, hydroelectric power output increased strongly, which negatively affected thermal power generation. In 2016, revenue from the Thermal Power Generation industry in China was estimated at $227.5 billion, down 2.7% from 2015.
Thermal power generation accounted for about 73.7% of the country's total electricity generation in 2015, down from 83.2% in 2006 due to higher levels of output from the Hydroelectric Power industry (IBISWorld industry report 4412) and tighter energy-saving and emission-reduction regulations. The industry is expected to generate 4.19 trillion kilowatt-hours in 2016.... purchase to read more
Industry Report - Industry Products Chapter
In 2016, about 91.5% of the electricity-generation units in China are expected to be coal-fired. The share of coal-fired electricity has slightly decreased from about 98.9% in 2004. In future, coal-fired electricity-generation units are expected to increase steadily.
Oil-fired units generally have a smaller generating capacity of 100 megawatts to 199 megawatts. The majority of the oil-fired units have a generating capacity of 125 megawatts. The product segmentation at large power generating companies can differ slightly from the average level and may use higher levels of oil, while smaller power stations use less oil. All 10 oil-fired units use domestically manufactured equipment.
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