Analysis of Global Power Market

Analysis of China's Power Operation Market Power Consumption The total power consumption in China increased from 5,971.0 TWh in 2016 to 6,844.9 TWh in 2018 at a CAGR of 7.1% and is forecasted to reach 8,912.1 TWh in 2023 with a CAGR of 5.4% during the period from 2018 to 2023. With the structural transformation of China's economy towards the development of tertiary industry, the power consumption in tertiary industry has increased rapidly. Additionally, driven by the continuous improvement of residents' living standards and deepening of urbanisation, the power consumption in residents' daily lives experienced solid growth. These two areas are and will continue to be the major drivers of power consumption in China. Power Consumption, China, 2013-2023E TWh 10,000 CAGR: 5.4% 8,912.1 8,455.5 8,022.3 8,000 7,611.3 CAGR: 5.1% 7,221.4 6,844.9 6,309.4 5,971.0 6,000 5,639.3 5,693.3 5,342.3 4,000 2,000 0 2013 2014 2015 2016 2017 2018 2019E 2020E 2021E 2022E 2023E Source: CEC, Frost & Sullivan FROST & SULLIVAN 39

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