China Power Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The China power market is expected to register a CAGR of over 4% during the forecast period, 2020-2025. Factors, such as the increasing industrialization and urbanization, along with the growing manufacturing sector, are likely to drive the Chinese power market. However, the less private companies in the power sector create dominance of government companies in the country, which is expected to slow down the Chinese power market.
Key HighlightsThe China power market is fragmented. The major companies include Datang International Power Generation Company Limited, China National Electric Wire & Cable I/E Corp., China National Electric Engineering Co. Ltd, Xinjiang Goldwind Science Technology Co. Ltd, Sinohydro Corporation, Sinovel Wind Group Co., and Others.
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