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The clean energy technologies market share in China is expected to increase by 398.03 gigawatts from 2021 to 2026, at a CAGR of 8.86%.
This clean energy technologies market in China research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers clean energy technologies market in China segmentation by technology (clean coal, hydro power, wind power, solar power, and others) and end-user (industries, buildings, and others). The clean energy technologies market in China report also offers information on several market vendors, including Envision Energy USA Ltd., General Electric Co., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Mitsubishi Heavy Industries Ltd., Shanghai Electric Group Co. Ltd., Shanghai Taisheng Wind Power Equipment Co. Ltd., Siemens AG, Sinovel Wind Group Co. Ltd., and Xinjiang Goldwind Science and Technology Co. Ltd. among others.
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The favorable government regulations is notably driving the clean energy technologies market growth in China, although factors such as competition from other sources of energy may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the clean energy technologies industry in China. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Clean Energy Technologies Market Driver in China
The favorable government regulations is one of the key drivers supporting the clean energy technologies market growth in China. For instance, on January 23, 2018, China's 13th Five Year Plan (2016-2020) on geothermal energy was released by the NEA, effective as of January 1, 2016. According to the plan, the government will increase the installed capacity of geothermal power generation and also raise the total geothermal heating (cooling) area to 1.6 billion square meters by 2020. Furthermore, carbon emission per unit of gross domestic product is expected to decrease by 60%-65% when compared with 2005 to meet the targets mentioned above. Moreover, by 2050, the country aims to achieve stability in primary energy consumption, more than half of which will be contributed by non-fossil energy. Hence, the adoption of clean energy technologies is expected to grow significantly during the forecast period, boosting the growth of the clean energy technologies market in China
Key Clean Energy Technologies Market Trend in China
The increasing popularity of hybrid power projects is one of the key trends contributing to the clean energy technologies market growth in China. According to the International Atomic Energy Agency, the development of the first solar-coal hybrid power plant in the Inner Mongolia region of China will have a potential net solar power output of 10 MW. This approach might improve the performance of coal-fired power plants. Moreover, appropriate FITs are expected to be provided by the government, considering different financial scenarios, collector area size, solar field cost, and other conditions. Hence, the development of such hybrid power projects is expected to further improve plant efficiencies and reduce the cost of power generation, thus boosting the growth of the clean energy technologies market in China during the forecast period.
Key Clean Energy Technologies Market Challenge in China
Competition from other sources of energy is one of the factors hindering the clean energy technologies market growth in China. The share of natural gas in the primary energy mix in China is expected to grow from under 6% in 2016 to over 12% by 2040. Also, the installed capacity of power generation from oil accounted for 1% of the total installed capacity in 2020. However, drilling and extraction of natural gas from wells and its transportation through pipelines result in the leakage of methane, which is the primary component of natural gas. The heat-trapping capacity of methane is much higher than CO2 for a 20-year period. Also, the fugitive methane emissions can range up to one-tenth of the total life cycle emissions. Hence, coal power generation from conventional non-clean technologies and natural gas accounts for a significant portion of China's energy mix, thus restricting the growth of the clean energy technologies market in the country
This clean energy technologies market in China analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the clean energy technologies market in China as a part of the global utilities market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the clean energy technologies market in China during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the clean energy technologies market in China encompasses successful business strategies deployed by the key vendors. The clean energy technologies market in China is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The clean energy technologies market in China forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the clean energy technologies market in China, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the utilities market includes the following core components:
The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.
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The clean energy technologies market share growth in China by the clean coal segment will be significant during the forecast period. Clean coal technologies are used to improve the efficiency of coal-fired power plants and reduce the environmental impact of coal-fired power generation by the reduction in CO2 and other toxic emissions. Moreover, improving the steam-generating boilers is one of the techniques for achieving high efficiency and low emissions. The various types of clean coal technologies that can achieve this are supercritical, ultra-supercritical, circulating fluidized bed combustion, combined heat and power (CHP), IGCC, and CCS. Such various types of technologies provided will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the clean energy technologies market size in China and actionable market insights on post COVID-19 impact on each segment.
Wind Power Systems market - The market share is projected to grow by USD 49.52 billion with a CAGR of 6.57% during the forecast period 2021 to 2026.
Distributed Solar Power Generation market - The market share is expected to increase by USD 67.52 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 19.25%.
Clean Energy Technologies Market Scope in China |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Decelerate at a CAGR of 8.86% |
Market growth 2022-2026 |
398.03 GW |
Market structure |
Fragmented |
YoY growth (%) |
10.75 |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Envision Energy USA Ltd., General Electric Co., JA Solar Technology Co. Ltd., JinkoSolar Holding Co. Ltd., Mitsubishi Heavy Industries Ltd., Shanghai Electric Group Co. Ltd., Shanghai Taisheng Wind Power Equipment Co. Ltd., Siemens AG, Sinovel Wind Group Co. Ltd., and Xinjiang Goldwind Science and Technology Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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