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Market Research Report

China Electricity Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

Published Date :

2021-03-08

Report Pages :

214

Format :

PDF

Region Covered :

China

China Electricity Market Overview

China’s energy market is changing at the fastest rate other than any country. As the economic growth of China is rapid, so is the demand for electricity. In 2014, it had the largest installed electricity generation capacity in the world with 1505 GW and generated 5583 TWh. Most of the electricity in China comes from coal, which accounted for 66% of the electricity generation mix in 2016. Coal-fired electricity production declined from 2013 to 2016 coinciding with a major boom in renewable energy, and a decline in GDP growth. With a focus on swapping out coal for renewables and ramping up investment in innovative energy technologies, Chinese President Xi Jinping has introduced the “Energy Revolution”. The plan outlines China’s aim of reducing energy intensity by 15% between 2016 and 2020.

The Chinese government revolution has 3 elements

  • Reduce Carbon emission
  • Increase renewable energy adoption
  • Grow use of gas and natural energy

Both Government and industry are prioritizing investment in upgrading the country’s transmission and distribution networks, which will be critical to the success of the energy revolution.

China’s electricity production in last 6 years-

Year

From coal

Total

%

2011

3,724

4,715

79%

2012

3,850

4,937

78%

2013

4,200

5,398

78%

2014

4,354

5,583

78%

2015

4,115

5,666

73%

2016

3,906

5,920

66%

We conducted interviews with the Consumers (B2C Vs B2B), Electricity End User Industry Verticals, Contractual Suppliers, Product Managers, Consultants, Decision Makers, VPs, Executives, Sales Managers, Regional Sales Head, C-level Executives, etc.

Key Benefits: China Electricity Market Outlook, 2019-2035 (Edition 2021)

  • The report includes China Electricity Market Manufacturers, Contract Manufacturers & Brands Outlook (Market Competition & Global Presence), Business Strategy & Financial Analysis of Major Players. Further, the study also covers Industry Insights (Future Trends & Forecast Data), Trade Data (Exports and Imports), By China Electricity Market Type (Manufacturing & End User Industry Outlook), End User Industry Analysis (B2B Vs B2C), Competitive Intelligence, Opportunity Analysis
  • Market Data : Market Size (USD Billion), Market Share (%), CAGR (%), Y-O-Y Growth Rate (%) of China Electricity Market Industry and further it bifurcated into Countries, 2019-2035
  • Sales Data of China Electricity Market : By Each Packaging Type, By End Users, By Manufacturers Type, By Application, By Countries, (By Volume & Value), 2019-2035
  • Manufacturing Outlook of China Electricity Market : Manufacturers Outlook, Revenue & Market Share of Manufacturers, Manufacturing Capacity, Operational Margins, Contract Manufacturers & OBMs Outlook, etc., 2019-2035
  • Brands Outlook : Revenue Share (%) of Manufacturers By Packaging Type, Market Positioning, Ranking Analysis, Product Portfolio, Competitiveness, Regional Presence, No. of Products, Investments, Partnerships & Collaborations, Mergers & Acquisitions, etc., 2019-2035
  • China Electricity Market End User Outlook : End User Preferences of Packaging & Brands, End User Spending, Average Spending Power, Adoption Rate (%), Penetration Rate (%), Green Initiatives, Govt. Regulations, etc., 2019-2035
  • Market Dynamics : Growth Drivers, Challenges, Opportunities, Trends, SWOT Analysis, Porter's Five Force Model, PESTLE Analysis, etc., 2019-2035
  • Trade Data of China Electricity Market (Export & Import) : By Each Segment, By Major Destination Countries (By Value & Volume), 2019-2035
  • Supply & Demand Analysis : By China Electricity Market Type, End Use Verticals, By Countries, 2019-2035
  • Target & Potential Markets : By Major Countries & Industries
  • Detailed Outlook : China Electricity Market Industry Analysis : (Manufacturers, Raw Material Outlook, New Products, Ongoing Researches, End User Analysis, Manufacturing Models, Demand Analysis for Each End User Industry, Govt. Norms, Market Dynamics etc.)

Sources of Electric energy:-

Coal Power : China is the largest producer of Electricity in the world. Also, the largest user of coal derived electricity. Domestic coal production has declined even further, dropping 9% year on year in 2016.Further declines in production were announced in July 2016 when the commission in charge of state owned enterprise SASAC, ordered companies under its supervision to cut coal mining capacity by 10% in 2 years and by 15% in 5 years. Despite the cuts to coal production and falling percentage of coal in the energy mix, electricity consumption is expected to grow by 3.6-4 percent over 2016 to 2020.

Hydropower : Due to China's insufficient availability of fossil fuels and the government's preference for energy independence, hydropower plays a big part in the energy policy of the country. Hydroelectricity is currently China's largest renewable energy source and the second overall after coal. China's installed hydro capacity in 2015 was 319 GW, up from 172 GW in 2009, including 23 GW of pumped storage hydroelectricity capacity. In 2015, hydropower generated 1,126 TWh of power, accounting for roughly 20% of China's total electricity generation.

Nuclear Power : Nuclear power will play an even more important role in China's future power development. In terms of nuclear power generation, China will advance from the moderate development strategy to accelerating development strategy. Especially in the developed coastal areas with heavy power load, nuclear power will become the backbone of the power structure there.

Solar Power : China is the world's largest market for both photovoltaic and solar thermal energy. Since 2013 China has been the world's leading installer of solar photovoltaic. Solar PV in China is a growing industry with over 400 companies. By the end of 2016, total PV capacity had increased to over 77.4 GW, and in 2017 China was the first country to pass 100 GW of cumulative installed PV capacity.

Challenges :-

Distribution network in China needs to be upgraded: Companies in China needs to balance investment in connecting remote renewable farms to the grid, with critical improvements to the safety of the grid and the addition of digital capabilities.

The heavily regulated energy market: It is dominated by China’s state-owned enterprises (SOEs), supported by generation subsidies and price caps that create huge inefficiencies in energy supply and increase generation costs.

Renewable subsidies: They have led to unsustainable growth of the segment, oversupply of energy and high curtailment rates. The Government has moved to address this by announcing in 2018 that it would halt subsidies for utility-scale solar projects, in favor of competitive bidding, and reduce feed-in tariffs.

Coal’s share of China electricity generation dropped below 60% in 2018

China’s coal consumption rose for a second year in a row in 2018, but coal’s share of total energy consumption fell below 60 percent for the first time. The world’s biggest coal consumer used 1 percent more coal in absolute terms last year than in 2017, China’s National Bureau of Statistics said in an annual communique. Coal consumption had risen for the first time in four years in 2017.

However, coal accounted for only 59 percent of China’s overall energy consumption last year, down 1.4 percentage points from 2017, while gas, nuclear power and renewable energy combined accounted for 22.1 percent, up 1.3 percentage points.

That brings the world’s biggest emitter of greenhouse gases closer to its target of reducing the proportion of coal in its energy mix to below 58 percent by 2020. The result came as China’s total energy consumption rose by 3.3 percent year-on-year in 2018, the data showed. Electricity usage rose 8.5 percent last year, according to the National Energy Administration.

“The good news is that renewable energy continued to grow rapidly in 2018, and new aggressive air pollution policies were introduced,” Lauri Myllyvirta, an analyst at environmental group Greenpeace, said in a note.

Key Players:-

China's listed power companies invest mostly in thermal, hydropower and thermoelectricity with their investments reaching CNY216.38 billion, CNY97.73 billion and CNY48.58 billion respectively in 2007. Investment in gas exploration and coal mining follow as the next prevalent investment occurrences.

Some major players in the market electric power industry of China are:

  • China Datang Corporation
  • China Guadian Corporation
  • China Huadian Group
  • China Huaneng Group
  • China Power Investment Corporation
  • China Resources Group

China’s energy Transformation

In China, due to excessive pollution people are looking forward to cleaner energy .90% Chinese are ready to pay 10% more for the electricity, if it comes from the renewable resources. People are installing solar panels on their rooftops and adopting EV increasingly than anywhere else in the world. It’s the time for the world to watch China’s energy revolution – the impacts of its transformation will extend beyond electricity to play a role in shaping every aspect of China’s future.

COVID-19 impact on "China Electricity Market"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "China Electricity Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

For a full detailed overview, send here request for market report sample.

Key questions answered in this research report

  • What is the total market size by 2035 and what would be the expected growth rate of sales?
  • What are the total sales in 2018-19 and what would be the expected demand over the forecast period?
  • What are the recent developments and business strategy of companies?
  • What are the market opportunities for the existing and entry level players?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?

Reasons to buy this market study

  • China Electricity Market Facilitate decision-making based on strong historic and forecast data for
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the Reasons to buy this market study
  • China Electricity Market Facilitate decision-making based on strong historic and forecast data for
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the China Electricity Market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitor’s business structure, strategy and prospects’s growth potential 



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China Electricity Market Outlook 2019-2035 : Market Size, Trends, Growth, Opportunities | COVID-19 Impact Analysis

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