ReportsnReports.com: Research Report on China's New Energy Industry, 2011-2012

Top Quote China Research and Intelligence report "Research Report on China's New Energy Industry, 2011-2012" is now available at ReportsnReports. End Quote
  • Dallas, TX (1888PressRelease) July 07, 2011 - In 2010, China's clean energy investment grew by 30% to USD 51.10 billion. In the next few years, China's new energy industry will still be in the period of rapid development. However, in the context that resources, cost, consumption, peak regulation and other key factors play different roles, the development process of wind power, photovoltaic and nuclear power industries in China is inevitably unbalanced.

    China is rich in wind resources, and the potential development capacity of wind power onshore and offshore is respectively 2.38 billion kilowatts and 200 million kilowatts. It is predicted that in 2020, the planned installed capacity of wind power in China will be 150 million kilowatts (including 30 million kilowatts of offshore wind power). Rise in concentration of wind power equipment suppliers, acceleration of offshore wind power development, and large-scale single units become the three major trends of the future wind power industry.

    In the situation that European countries cut down photovoltaic subsidies successively and in 2011, the installed capacity growth of global photovoltaic slows down, China's photovoltaic industry is likely to experience excess production capacity. It is predicted that it will be difficult for China's photovoltaic application market to develop rapidly in the short run, and development of China's photovoltaic industry will still rely on overseas market.

    In order to achieve the objective that the proportion of non-fossil energy consumption in primary energy consumption must reach 15% in 2020, the installed capacity of hydropower should reach at least 320 million kilowatts in 2020, increasing by 120 million kilowatts over 2010. Since it takes a large power station at least 5-8 years from construction to production, about 120 million kilowatts will be operated in 2010-2015. Owning to rich resources, brisk market demand and policy encouragement, small hydropower stations will receive attention as a new round of investment hotspot in Chinese market. Seen from the investment propensity in recent years, small hydropower stations are becoming a new economic hotspot following real estate, automobile and IT industries.

    In the next few years, China will enter the peak period of nuclear power construction, the project of 30 million kilowatts of nuclear power under construction will promote the substantial growth of demand for nuclear power equipment, and the industry's prosperity peak will come as scheduled. Due to the definite policies for the nuclear power industry, the Chinese government gives huge capital support for the nuclear power industry. Meanwhile, the majorities of nuclear power projects under construction in China have been well completed and will be put into production successively in the next few years. Therefore, the scale of the nuclear power industry will continue expanding in the next few years. It is predicted that by 2020, the installed capacity of nuclear power in China will have reached 80 million-90 million kilowatts. Calculated by 60%, the proportion of related equipment investment in the total investment, in the next decade, the annual average market demand for nuclear power equipment will be over CNY 55 billion.

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