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The wind energy market in China has been growing dynamically and is expected to grow further. It has been pegged at the fastest growing segment in China’s renewable energy industry. Major government …
The wind energy market in China has been growing dynamically and is expected to grow further. It has been pegged at the fastest growing segment in China’s renewable energy industry. Major government initiatives coupled with large scale demand for green energy has been attracting investments from the domestic as well as foreign markets.
The report begins with an introduction to the global wind energy market which includes current and expected growth in installed capacity and forecasted figures for electricity demand. It also includes the capacity addition of the major solar markets currently as well as capacity breakdown expected in the future. An overview of the energy market in China has been provided including estimated figures for increase in energy consumption. This section also provides information regarding the wind energy market in China including figures for installed capacity as well as estimates for electricity generation levels.
The drivers explain the factors influencing growth of the industry including abundance of resources, government subsidies and strong investment potential. The key challenges identified encompass the weak grid structure and supply of resources, and the price barrier. The trends in the market have been analyzed and include – international participation, push for more capacity affecting quality of output, focus on off-shore capacity generation and coal back-up for wind powered electricity.
The major government programmes and investments towards the development of the industry have been discussed including the national renewable energy standard, buy Chinese procurement policy, feed-in-tariff, renewable energy law and research and development activities.
Competition section provides the market share of major players and the segmentation of players based on domestic or foreign entities. It profiles the major domestic as well as international players in the market. The section contains a snapshot of the corporations’ financial performance and business highlights, providing an insight into the existing competitive scenario.