Market Size of China Thermal Power Plant Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
China Thermal Power Plant Market Analysis
The China thermal power plant market is expected to rise at a CAGR of more than 3% during the forecast period of 2020-2025. Factors such as the increase in industrial operations and energy demand in the country are likely to drive the China thermal power plant market. However, the increasing share of renewable energy in the total energy generation is expected to restrain the China thermal power plant market.
- Coal-based power plants, due to its abundance in the country in comparison to other energy sources is expected to be the largest segment and is likely to dominate the China thermal power plant market during the forecast period.
- New and efficient technologies like supercritical and ultra-supercritical coal power plants, which reduce the amount of pollution, are expected to replace the aging power plants and will likely create several opportunities for the China thermal power plant market in the future.
- The increasing projects of thermal power plants in the country are expected to drive the China thermal power plant market.
China Thermal Power Plant Industry Segmentation
The China thermal power plant market report include:
| Fuel Type | |
| Coal | |
| Gas | |
| Nuclear | |
| Others |
China Thermal Power Plant Market Size Summary
The China thermal power plant market is poised for growth, driven by the country's increasing industrial activities and energy demand. Despite the rising share of renewable energy sources, coal-based power plants are expected to remain the dominant segment due to China's abundant coal reserves. The adoption of advanced technologies like supercritical and ultra-supercritical coal power plants is anticipated to replace older units, offering opportunities for market expansion. The ongoing and planned thermal power projects further underscore the market's potential, as coal-fired power plants continue to play a crucial role in China's energy landscape.
China's thermal power plant market is also influenced by its substantial energy needs, stemming from its large population and rapid urbanization. While the country is investing in nuclear power to mitigate pollution from coal, coal-fired plants still account for a significant portion of energy production. The market is characterized by a moderate level of fragmentation, with key players such as Datang International Power Generation Company Limited and China Energy Engineering Corporation (CEEC) actively participating. The continued development of coal-fired power projects, like the Leizhou and Shandong Shenglu projects, highlights the ongoing commitment to thermal power as a vital component of China's energy strategy.
China Thermal Power Plant Market Size - Table of Contents
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1. MARKET OVERVIEW
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1.1 Introduction
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1.2 China Thermal Power Plant Installed Capacity and Forecast, in Megawatts, till 2025
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1.3 Electricity Generation in TWh, Global, till 2020
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1.4 Electricity Consumption in TWh, Global, till 2020
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1.5 Key Projects Information (Existing, In Pipeline, and Upcoming)
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1.6 Recent Trends and Developments
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1.7 Government Policies and Regulations
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1.8 Market Dynamics
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1.8.1 Drivers
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1.8.2 Restraints
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1.9 Supply Chain Analysis
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1.10 PESTLE Analysis
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2. MARKET SEGMENTATION
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2.1 Fuel Type
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2.1.1 Coal
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2.1.2 Gas
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2.1.3 Nuclear
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2.1.4 Others
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China Thermal Power Plant Market Size FAQs
What is the current China Thermal Power Plant Market size?
The China Thermal Power Plant Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in China Thermal Power Plant Market?
China Energy Investment Group Co. LTD, Datang International Power Generation Company Limited, China Energy Engineering Corporation (CEEC), China Huadian Corporation LTD and Electricite de France SA (EDF) are the major companies operating in the China Thermal Power Plant Market.
