China's transition from an emerging market to an industrialized country has seen its need for energy grow exponentially over the past 20 years. The ongoing migration from rural areas to urban environment has created vast needs for a modern infrastructure and housing. There are now over 300 cities in China with a population greater than one million. As incomes rise, more people can afford to buy their own home and car. This has placed huge demands on China's energy suppliers, which are building power plants using coal, natural gas and nuclear power. In addition China's state owned oil companies are purchasing oil assets around the globe to meet the rising demand from vehicle ownership. China has passed the U.S. as the largest consumer of energy in the world and is projected to maintain its lead even after the U.S. economy recovers.
This study examines in detail how China is meeting its current energy needs by type of fuel. Its rapidly increasing expenditures on renewable energy that is pushing it to the forefront. The benefits that state owned enterprises have in pursuing the domestic market and foreign markets over foreign firms. Government policies designed to favor domestic enterprises and how these policies can be on conflict with China's WTO commitment. The study also looks in-depth at the leading sectors for energy demand with projects for supply and demand through 2025.
For more information on China's energy markets or to see how Global Market Consultants can assist your organization please contact Emil Milker at 727-239-7524.
U.S. Solar and Wind Power Markets
Government funds are providing stimulus to the U.S. solar and wind power markets. While still a very small part of the overall energy supply, these markets continue to grow at double digit rates. In addition the mandates that utilities increase the percentage that renewables make up of their portfolio is also aiding this industry. The biggest impediment that renewables continue to face is the ability to get power to the grid. This is compounded by the fact that the "national" grid is in heavy need of upgrading. The other problem is the moving of power between the three interconnects. Nonetheless the renewable energy industry continues to move forward on a multitude of fronts. Technological breakthroughs continue to be made that are bringing renewables closer and closer to grid-parity. One of the things often cited as a reason by utilities for not embracing renewable energy. There are a number of projects, identified in this study, that are making significant advances in solar energy technology. Many of the early drawbacks to solar panels have been overcome, which is evident in the increased usage in residential, commercial, and industrial markets.
This study covered federal and state policies and incentive programs; identification of solar and wind power projects by state; product manufacturing and sourcing; market shares for domestic and foreign manufacturers; imports and exports of products, as well as trade issues; advances in technology; government regulations and how they are impacting these markets; analysis of utilities usage of renewable energy, current and projected percentage of their portfolios; and projections through 2030.
For more information on the U.S. solar and wind power markets or to see how we can assist your organization, please contact Alexis Huggins at 727-239-7624.