London, 31 October 2014 – TechNavio, has announced the publication of its market research report on the Clean Energy Technology Market in China, which is expected to grow at a CAGR of 11.6 percent from 2013-2018.
The growing need to reduce CO2 emissions and increase in energy efficiency is driving the growth of Clean Energy Technology Market in China.
Clean coal is by far the largest segment of the clean energy market, currently holding more than a 65 percent market share. However, the rapid increase in CO2 emissions from coal-fired power plants has shifted operator focus towards clean technologies like supercritical and ultra-supercritical for coal-fired power plants. Additionally, nuclear and solar power are expected to gain prominence over the projected period.
About the Report
China is one of the biggest renewable energy markets in the APAC region, and has introduced policies, laws and incentive programs to encourage investments in renewable energy sources.
“China has the largest cumulative installed wind power capacity worldwide. It was 91.4 GW in 2013 and this figure expected to grow considerably by 2020,” says Faisal Ghaus, Vice President of TechNavio.
The rapid growth of renewable energy in China is also expected to reduce the installation of conventional power plants and instead lead to construction of a number of coal-fired power plants during the forecast period.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Reduction in CO2 Emissions and Increased Efficiency
- For a full detailed list, view our report.
Market Challenges:
- Waste Disposal from Nuclear Reactors
- For a full detailed list, view our report.
Market Trends:
- Increased Installation of Clean Coal Capacity
- For a full detailed list, view our report.
Key Vendors:
- Alstom SA
- Trina Solar Ltd.
Other Prominent Vendors:
- Dongfang Electric
- Envision Energy
- JA Solar Holdings
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