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Over the five years through 2013, revenue for the Electricity Transmission and Distribution industry in China has been growing at an annualized rate of 11.5% to an estimated $580.2 billion, says IBISWorld. Due to the rapid development of China's economy and improving living standards across urban and rural households, electricity demand has increased rapidly.
San Francisco, CA (PRWEB) March 06, 2013
Over the five years through 2013, revenue for the Electricity Transmission and Distribution industry in China has been growing at an annualized rate of 11.5% to an estimated $580.2 billion, says IBISWorld. Due to the rapid development of China's economy and improving living standards across urban and rural households, electricity demand has increased rapidly. Total electricity consumption and generation have been increasing at an annualized rate of 10.0% in the five years through 2013.
The Electricity Transmission and Distribution industry is heavily regulated and controlled by the government, says IBISWorld. The industry's two enterprises, the State Grid Corporation of China (SGCC) and China Souther Power Grid (CSG), jointly control 80% of the electricity retail market and almost 100% of electricity transmission and distribution activities. Both enterprises have very large power grid networks, which greatly reinforce their competitive power.
Government restrictions on high power-consuming industries and China's shift from heavy industrialization to deep-processing industrialization will likely slow industry revenue growth in the next five years, says IBISWorld. In fact, energy consumption per unit of GDP value is expected to slow or even decrease. With end users free to choose power suppliers, competition within the retail segment of the industry will increase. However, SGCC and CSG will continue to have considerable sway in the retail chain by controlling most retailers and overseeing the transmission and distribution of electric power.
For more information, visit IBISWorld’s Electricity Transmission and Distribution in China industry report page.
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IBISWorld Industry Report Key Topics
The Electricity Transmission and Distribution industry in China comprises two large power companies primarily engaged in high voltage electricity transmission, low voltage electricity distribution, and the retailing of electricity through power grids to end users. Electricity transmitted and distributed by this industry is originally purchased from different kinds of power generation enterprises.
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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