Thermal Power Generation in China - Industry Market Research Report

Thermal Power Generation in China - Industry Market Research Report

Thermal Power Generation in China

Over the five years to 2023, industry revenue has fluctuated but performed solidly, rising at an annualized 4.9%. Strong growth of renewable energy – like hydroelectric power and wind power – has afflicted thermal power generation. In 2021, revenue from the Thermal Power Generation industry in China increased by 15.8% due to the rising thermal power output and the increasing on-grid price of coal-fired electricity. In 2023, industry revenue is estimated at $320.4 billion, up 4.7% from 2022. The industry suffered losses in 2021 and 2022, due to the sharp rise of coal prices. Profit margins have recovered to 1.0% of industry revenue in 2023.

The Thermal Power Generation industry in China operates thermal power generation facilities that convert fossil fuels – like coal, oil and natural gas – into electrical energy. The establishments in this industry then provide electricity to transmission systems or to electric power distribution systems.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.