Revenue for the Wind Power industry in China is estimated to reach $21.6 billion in 2015, up 25.5% from 2014. Over the past five years, ACMR-IBISWorld estimates revenue has grown an annualized 36.2%. Wind power generation firms have been consistently increasing installed capacity over the period, and an over-supply of wind turbines is supporting their further expansion. Installed capacity of the industry was 114,609.5 MW in 2014 and it is estimated to total 126,299.7 MW in 2015.
The industry is heavily reliant on wind turbines and only few employees are needed to work on site. The total number of industry employees is about 27,854, with a payroll of $306.1 million in 2015.
The Wind Power industry in China generates power by natural wind from the ocean as well as the land. As a clean and renewable energy source, wind power is playing an increasingly significant role in power generation, ranking after thermal power, hydroelectric power and nuclear power.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.