Analysis of Global Power Market slide image

Analysis of Global Power Market

Analysis of China's Power Operation Market Value Chain Analysis (2/2) In 2018, the total coal consumption in China was 3.9 billion tonnes and a majority part was consumed by the secondary industry which took 94.4% of the total consumption. Among the secondary industry, the top 5 industries occupied 85.4% of the coal consumption, and the electric power and heat generation industry accounted for the largest part due to the large coal demand from the coal-fire power plants. The industrial sectors contributed most of the power consumption in 2018, which took 69.0% of total power consumption. However, with the structural transformation of China's economy towards the development of the services industry, the power consumption in tertiary industry has increased rapidly. In terms of power consumption growth rate, the compound average growth rate of the industrial sectors and the services industry was 5.3% and 13.1%, respectively, from 2016 to 2018, indicating the growth of the services industry was faster. Among the secondary industry, the top 5 power consuming industries contributed to 62.5% of the secondary industry power consumption in 2018, and the electric power and heat generation industry was also the largest power consumer, followed by ferrous and non-ferrous metals smelting and pressing industries. Similarly, in 2016, the same 5 industries consisted of the top 5 power consuming sectors in 2016 and accounted for 63.6% of the secondary industry power consumption. However, the smelting and pressing of non-ferrous metals and manufacture of chemical products took the second and third place of the top 5 power consuming industries in 2016. Breakdown of Coal Consumption (by Downstream Industries), China, 2018 Total Consumption: 3.9 billion tonnes 0.7% 2.3% 2.7% 94.4% 85.4% 7.6% Manufacture of 8.6% Chemical Products 10.3% Manufacture of 13.6% Non-Metallic Products Breakdown of Power Consumption (by Downstream Industries), China, 2018 Total Consumption: 6,844.9 TWh 62.5% 7.7% Manufacture of Breakdown of Power Consumption (by Downstream Industries), China, 2016 Total Consumption: 5,971.0 TWh 63.6% 8.0% Non-Metallic Products Manufacture of Non-Metallic Products 11.3% Manufacture of 10.5% Smelting and Pressing 1.1% Chemical Products 1.0% of Ferrous Metals Smelting and Pressing 14.1% 12.3% Smelting and Pressing of Non-Ferrous Metals 13.5% 11.0% Manufacture of Chemical Products 14.2% 15.8% Processing of Petroleum, 13.1% Smelting and Pressing 14.5% Smelting and Pressing of Coking and Nuclear Fuel 45.4% Electric Power and Heat Generation of Ferrous Metals 69.0% 18.1% Electric Power and Heat Generation Non-Ferrous Metals 71.3% Electric Power and 18.3% Heat Generation of Ferrous Metals Primary Industry Secondary Industry Tertiary Industry Resident Source: NBS, Frost & Sullivan FROST SULLIVAN 45
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