Hydroelectric Power In China: Environmental Policies To Benefit Industry
During the next five years, China will initiate a 160 million kW project for the Hydroelectric Power industry to increase the ability of using alternative energy and to reduce the greenhouse gas emissions. Total revenue for the Hydroelectric Power industry in China is therefore forecast to increase at an annualized rate of 11.3% in the next five years to total $47.46 billion in 2016, according to IBISWorld, America's largest publisher of industry research.
Los Angeles, CA (PRWEB) - During the next five years, China will initiate a 160 million kW project for the Hydroelectric Power industry to increase the ability of using alternative energy and to reduce the greenhouse gas emissions. Total revenue for the Hydroelectric Power industry in China is therefore forecast to increase at an annualized rate of 11.3% in the next five years to total $47.46 billion in 2016, according to IBISWorld, America's largest publisher of industry research.
Revenue of the Hydroelectric Power industry in China for 2011 is estimated to be $27.74 billion, having decreased by 1.8% from 2010. Due to the lack of precipitation over many river basins, water resources in these rivers were reduced by more than 15%. This directly influenced the output in this industry. In 2011, the industry was estimated to only generate 655.5 billion kilowatt hours of electricity, down 1.0% from 2010.
The government's strategy for developing renewable energy in China has had a positive impact on this industry in recent years, in terms of development and efficiencies. Additional drivers for industry growth include power shortages, industry deregulation and the implementation of a market mechanism.
For more information, including profit levels, market shares, product segmentation and more, purchase IBISWorld's full report on the Hydroelectric Power industry in China for $825 at ibisworld.com.cn.
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The Hydroelectric Power industry in China comprises establishments that operate hydroelectric power generation facilities. These facilities derive energy from falling or flowing water, such as rivers, streams and the overflow of dams. The establishments in this industry produce electric energy and provide electricity to transmission systems or to electric power distribution systems.
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SOURCE: PRWeb
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