Question

In: Economics

whats the market size of electricity market in china. also if there are some graphics for...


whats the market size of electricity market in china. also if there are some graphics for its market share thank you

Solutions

Expert Solution

As per the 2018 estimates, China has an electricity generation capacity of 6,994 Terawatt-hour. Over the period of 2018-20, China built up the electricity generation capacity at the compound annual growth rate of 7%

The electricity consumption in the grid is expected to grow at a CAGR of 7.5 percent for the next 2 years, reaching 7912 TWh

The secondary industry has the highest share of 69% percent in the consumption share in 2018, followed by the tertiary industry sector with a 15.77% share. The tertiary industry sector is expected to have the highest consumption growth rate of 11 percent, followed by the residential sector. In 2019, the tertiary industrial share is expected to be at 85.9 percent and the residential sector at 13.9 percent.

In the first 10 months of 2018, electricity consumption has reached 5660 TWh which is an 8.7% YoY growth compared to 2017


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