$126.4bn
$XX.Xbn
235k
4,652
$X.Xbn
The Alternative Energy industry in China is engaged in power generation via wind, geothermal, solar, tidal and biomass energy, and other new energy sources. Industry revenue is expected to grow steadily at an annualized 16.8% over the five years through 2024, to reach $126.4 billion. This includes expected growth of 11.2% in the current year. The primary industry drivers are increasing domestic demand, increasing environmental consciousness and heavy government assistance.
Industry profitability growth benefits from upstream equipment manufacturing technology improvement and growing electricity consumption. Profit is expected to make up 31.2% of total industry revenue in 2024, up from 29.5% in 2019.
The Chinese government has made the development of new energy generation methods a priority, in response to climate change and in pursuit of energy savings and emissions reduction. The Kyoto Protocol also stimulates new energy development in China through clean development mechanisms (CDMs). Since its implementation in February 2005, more economically developed countries have been investing in new energy projects in developing countries in exchange for certified emission reductions (CERs). As a major developing country, China has received significant investment for new energy projects, which has benefited the industry.
Over the next five years, industry revenue is forecast to increase at an average annualized rate of 8.0%, to total $185.7 billion in 2029. The number and scope of wind, solar, biomass and biogas energy generation projects are all projected to increase over the period. In addition, more economically developed countries will likely increasingly invest in new energy projects in China to purchase CERs, which is expected to boost industry performance.
Industry revenue has grown at a CAGR of 16.8 % over the past five years, to reach an estimated $126.4bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
China Energy Investment Corporation | 6,851.7 | |
China Three Gorges Renewables (Group) Co., Ltd. | 5,107.8 | |
Huadian New Energy Group Corporation Limited | 3,978.8 |
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Industry revenue is measured across several distinct product and services lines, including Wind power generation, Solar power generation and Other power generation methods. Wind power generation is the largest segment of the Alternative Energy in China.
Wind power generation segment is one of important products in the industry
The Alternative Energy industry in China is engaged in power generation via wind, geothermal, solar, tidal and biomass energy, and other new energy sources.
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Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The Government has been promoting fast development of alternative energy power generation. Both the installed capacity and power generation output have grown fast.
Learn about an industry's products and services, markets and trends in international trade.
Wind power generation segment is one of important products in the industry. However, shares of the wind power generation segment is projected to decrease gradually over the n...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Resource advantage is import for the business locations of the industry. The Alternative Energy industry mainly distributes in areas with abundant wind and solar energy resou...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry concentration level is low. The top four enterprises are expected to account for an estimated 15.1% of total industry revenue in 2024.
Learn about the performance of the top companies in the industry.
Stated-owned companies dominate the alternative energy market. The industry state-owned companies usually engage in other energy markets like the Thermal Power Generation ind...
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The Government in China guides the industry development. The Government in China has been issuing industry assistance policies to support the development of the Alternative E...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The industry profitability has increased over the past five years. Decreasing equipment purchasing prices and growing electricity consumption contribute to increasing profita...
Including values and annual change:
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Key data sources in China include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Alternative Energy industry in China is $126.4bn in 2024.
There are 4,652 businesses in the Alternative Energy industry in China, which has grown at a CAGR of 11.0 % between 2019 and 2024.
The market size of the Alternative Energy industry in China has been growing at a CAGR of 16.8 % between 2019 and 2024.
Over the next five years, the Alternative Energy industry in China is expected to grow.
The biggest companies operating in the Alternative Energy market in China are China Energy Investment Corporation, China Three Gorges Renewables (Group) Co., Ltd. and Huadian New Energy Group Corporation Limited
Wind power generation and Solar power generation are part of the Alternative Energy industry.
The company holding the most market share in China is China Energy Investment Corporation.
The level of competition is low and increasing in the Alternative Energy industry in China.