Wind Energy Gaining Momentum in China

China’s cumulative wind power installed capacity is forecast to grow at a CAGR of around 43% during 2010-2012, says a new report from RNCOS.

Noida, India, December 04, 2009 --( With rapid economic growth and booming industrial sectors, China continues to witness increasing demand for electricity consumption over the past few years. Along with increasing demand for power consumption, the country’s power sector has seen significant developments, with major focus on the renewable energy sources (RES). Although there has been considerable growth in electricity generation from RES such as nuclear energy, hydroelectricity and solar power, wind power industry has emerged as the fastest growing segment of the industry - growing at a CAGR of around 43% during 2010-2012, says their latest research “China Wind Sector Analysis”.

They have done extensive research and analysis to identify the present and future share of China in global wind energy market in terms of cumulative installed capacity. The report also explores the five major wind energy provinces which together constitute over 70% of the cumulative wind power installed capacity. It also gives cumulative wind power installed capacity during 2008 while forecasting the figure for 2012 in the provinces and reveals factors that will lead to future growth in these regions.

Apart from this, in-depth research has been done to further identify the future of wind equipment market in the country, which is projected to grow at a CAGR of over 20% during their forecast period. The research by RNCOS also finds out the present and future share of local manufacturers in the country’s cumulative wind power installed capacity. The key reasons for the increasing share of local companies have also been discussed in detail.

“China Wind Sector Analysis” provides a deep, comprehensive and rational analysis of the wind energy market in China. It gives an insight into the trends persuading the market at present. Besides this, the factors fuelling the growth of the Chinese wind energy market have also been discussed. Moreover, for making clients familiar with the competitive landscape in the country, they have also included business profiles of key industry players operating in China’s wind energy market.

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

Shushmul Maheshwari
Chief Executive
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