Market Trends of China Project Logistics Industry
Wind power is expected to propel the demand for project logistics services through the forecast period
- One of the project logistics market's important growth segments is the shipment of wind power. Wind power is becoming a mature business around the world, so more and bigger wind turbines are being built to make electricity more efficiently.
- Wind energy equipment is very big and heavy, with some parts weighing more than 300 tons. It takes a lot of skill to move it safely and securely. Transportation to far-flung and offshore sites is occasionally necessary.
- As more countries use wind energy, the pressure is on the manufacturers to get the equipment to the countries faster.In response to the growing need to ship wind power components, some shipbuilders are focusing on making special ships that are made to carry wind energy equipment.
- China installed 55.8 Gigawatts on its own in 2021, breaking its previous record of 52 Gigawatts set in 2020. This is an increase of 19.4%. The total installed capacity of wind turbines in China is currently 344 gigawatts.
- In spite of the global pandemic and growing economic pressure, the offshore wind power business has continued to grow, according to a recent report from the shipping research institute Clarksons. The volume of production climbed by 177% year over year to more than 3,400 units, setting a record.
- By the end of 2021, the total amount of offshore wind power produced around the world will be 50.5 GW. This is a big jump of 58% from the previous year. Offshore wind power is becoming more important as one of the main ways for the energy system to become "carbon neutral." This is because there are fewer land and wind resources on land that can be used to make energy.
- According to the global installed capacity of offshore wind turbines, they can help save almost 9,000 tons of carbon emissions from the production of power each year.
- The Global Wind Energy Council (GWEC) says that installed offshore wind generating capacity will grow by more than 235 GW between 2021 and 2030, at a rate of about 23.6% per year on average.The total installed capacity will surpass 270 GW by 2030.
- All nations have made significant investment plans for the growth of offshore wind power. China and Europe are among them, and they are the major factors driving the growth of the world market. In the following ten years, it is predicted that the newly built capacity will reach 58 GW and 102 GW, respectively.
Understand The Key Trends Shaping This Market
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Increase in Automobile is driving the market
- Shipbuilders and people who follow the industry say that China's seagoing car carrier fleet will get bigger and that it will get a bigger share of the market in the years to come because of the country's rising auto exports and the growing demand for electric vehicles around the world.
- The global market for vehicle carriers has seen a strong expansion this year and will start to recover in 2021. The first eight months saw a total of 43 new car carriers traded globally, the most since 2008, according to the Beijing-based China Association of the National Shipbuilding Industry, or CANSI.
- With an average ship size of 5,300 spaces, the global fleet of 756 car carriers contains nearly 4 million spaces for individual vehicles. China presently has a fleet of 51 car carriers, nine of which are large car carriers with 7,600 parking spaces each, and two of which are large car carriers with 7,800 parking spaces each, both of which are slated for delivery in 2024 and 2025, respectively.
- Before 2021, domestic trade dominated China's automobile carrier fleet the most. However, as new ships ordered from Chinese shipowners and automakers are delivered over the following several years, the fleet is expected to increase, according to Liu Hao, a manager at the Longkou manufacturing facility of Yantai, Shandong province-based CIMC Raffles Offshore Ltd. According to Liu, the company has received the most orders in its history, totaling 12, for 12 car carriers. It has until 2026 to complete the production plan necessary to complete these orders.
According to Liu, the company will need to buy 300 tons of steel plates every day to maintain production levels next year since more car carriers will be created, increasing its monthly need from 6,000 metric tons this year to 8,000 tons each month in 2023 as a result.
