China Power EPC Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is segmented by Power Generation (Conventional Thermal, Nuclear, Hydro, and Non-hydro Renewable) and Transmission and Distribution

Market Snapshot

China Power EPC - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
CAGR: 4 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Chinese power EPC market is expected to register a CAGR of over 4% during the forecast period, 2020-2025. Factors, such as the increasing industrialization and urbanization, along with the growing manufacturing sector, are likely to drive the Chinese power EPC market. However, the less private companies in the power sector create dominance of government companies in the country, which is expected to slow down the Chinese power EPC market.

  • The conventional thermal segment due to the increasing installation of new coal-based power plants was expected to dominate the market studied, in 2019.
  • The Chinese government has announced to increase its renewable contribution in the power sector to 35% by installing more hydro, solar, and wind power by 2030. This is likely to create several opportunities for the Chinese power EPC market in the forecast period.
  • China, due to its increasing population and energy demand, has several upcoming and ongoing power projects that are likely to drive the Chinese power EPC market.

Scope of the report

The Chinese power EPC market report includes:

Report scope can be customized per your requirements. Click here.

Key Market Trends

Conventional Thermal to Dominate the Market

  • Conventional thermal power has been derived through various sources, such as coal, natural gas, and oil. In 2018, approximately more than 69% of the electricity generated in China was from conventional thermal power.
  • Out of the various sources of generating conventional thermal power, the majority of energy came from coal, in 2018. Coal contributed to approximately 95% of the conventional thermal power electricity generation, producing 4732 terawatt-hours (TWh) of electricity in 2018.
  • Shandong Shenglu Coal-Fired Power Project in China can produce 4000 megawatts (MW) of energy. Its first phase had been completed in 2019, and the second phase was expected to start in 2020. Shenglu Power Company has been building the project, as a part of the Shanghai Temple Coal Power Support Base Demonstration Project.
  • As per the construction Leizhou Thermal Power Project in China, 2017, it has a power installed capacity of 6000 megawatts (MW) and is expected to be completed by 2022. The coal-fired power plant consists of six ultra-supercritical coal-fired units rated at 1,000 megawatts (MW) each.
  • Therefore, from the above points, conventional thermal power is likely to dominate the Chinese power EPC market, during the forecast period.
China Power EPC Market- Share of Electricity Generation

Upcoming and Ongoing Power Projects Likely to Drive the Market

  • In 2018, the total electricity generation from the various sources in the power sector in China was 7111.8 terawatt-hours (TWh). Energy sources contributing to the country's energy generation include coal, natural gas, nuclear, wind, hydro, biofuels, and solar energy. Since China has the largest population in the world, the energy demand in the country has been rising continuously.
  • As of 2019, China had 45 nuclear power reactors that are operational, and 12 that are either under construction or in the development phase. Due to the excessive use of coal-fired power plants and the pollution it causes, the Chinese government has a long term target to use more of closed-cycle nuclear power to satisfy its energy demand.
  • The Baihetan hydropower project has been under construction on the Jinsha River, China. China Yangtze Power Corporation has been developing the project, while Dongfang Electric Machinery supplied the turbine generators in a joint venture with China Three Gorges Corporation (CTG). The megaproject features the world’s first 1000 megawatts (MW) turbine generator rotor, which was installed at the site in January 2019. The project is expected to be completely functional by December 2022.
  • Hence, owing to the above points, upcoming and ongoing projects are likely to drive the Chinese power EPC market during the forecast period.
China Power EPC Market- Electricity Generation

Competitive Landscape

The Chinese power EPC market is moderately consolidated. Some of the key players in this market include China National Electric Wire & Cable I/E Corp, Datang International Power Generation Company Limited, ShanDong Energy Group Co. Ltd, China Energy Engineering Corporation (CECC), and China Three Gorges Corporation.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2025

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

      2. 4.5.2 Restraints

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGEMENTATION

    1. 5.1 Power Generation

      1. 5.1.1 Conventional Thermal

      2. 5.1.2 Hydro

      3. 5.1.3 Nuclear

      4. 5.1.4 Non-hyro Renewables

    2. 5.2 Transmission and Distribution

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers, Acquisitions, Collaborations, and Joint Ventures

    2. 6.2 Strategies Adopted by Key Players

    3. 6.3 Key Companies Profile

      1. 6.3.1 China National Electric Wire & Cable I/E Corp.

      2. 6.3.2 Datang International Power Generation Company Limited

      3. 6.3.3 ShanDong Energy Group Co. Ltd

      4. 6.3.4 China Energy Engineering Corporation (CECC)

      5. 6.3.5 Snc-Lavalin Group Inc.

      6. 6.3.6 China Three Gorges Corporation

      7. 6.3.7 China National Electric Engineering Co. Ltd

  7. 7. MARKET OPPORTUNITIES and FUTURE TRENDS

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The China Power EPC Market market is studied from 2016 - 2026.

The China Power EPC Market is growing at a CAGR of 4% over the next 5 years.

China National Electric Wire & Cable I/E Corp , Datang International Power Generation Company Limited , ShanDong Energy Group CO.Ltd , China Energy Engineering Corporation (CECC) are the major companies operating in China Power EPC Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!