Market Size of China Power Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.36 Billion |
| Market Size (2029) | USD 9.32 Billion |
| CAGR (2024 - 2029) | 16.39 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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China Power Market Analysis
The China Power Market size is estimated at USD 4.36 billion in 2024, and is expected to reach USD 9.32 billion by 2029, growing at a CAGR of 16.39% during the forecast period (2024-2029).
- Over the medium term, factors such as the increasing upcoming investments and the growing manufacturing sector will likely drive the Chinese power market during the forecast period.
- On the other hand, phasing out coal-based power plants, which account for a major share of power generation in China, is expected to hinder the growth of the power market.
- Nevertheless, the Chinese government announced increasing its installation of renewable energy sources to 1200 GW by 2030. It will likely create several opportunities for the Chinese power market in the forecast period.
