Reportlinker Adds Wind Turbines in China

Jan 25, 2010, 13:13 ET from Reportlinker

NEW YORK, Jan. 25 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

Wind Turbines in China

http://www.reportlinker.com/p0172982/Wind-Turbines-in-China.html

Demand in China to rise 5.3% yearly through 2013

Demand for wind turbine systems in China is forecast to rise 5.3 percent annually through 2013 to 62.3 billion yen. Increases will be driven by a variety of factors, primary among them government policies that encourage the use of renewable and nonpolluting electric power sources such as wind. Such policies include favorable pricing of wind power generated from wind farms, tax incentives and subsidies. Although somewhat modest by China standards, growth through 2013 is impressive, considering the high base from which it comes. Demand for wind turbine systems exploded from less than 1 billion yen in 2003 to more than 48 billion yen in 2008. This torrid growth was in large part a result of investment decisions made by state-owned enterprises motivated more by political incentives to meet renewable energy targets than by profit motives.

Utility-scale applications to remain dominant

Utility-scale electric power generation applications will continue to account for virtually all demand in 2013, reflecting government incentives to encourage utilities to use renewable energy to generate electricity, as well as manufacturer efforts to develop larger and more efficient turbine systems geared toward utility-scale energy production. The national government has established a renewable energy target of 15 percent of total energy generated in 2020, up from 9 percent in 2008. Despite the dominance of the utility-scale segment, China is one of the largest distributed wind turbine markets in the world. Distributed wind turbine systems are usually installed in remote areas (e.g., islands, high mountains and border regions) to generate power away from the electrical grid. Distributed models are also used for street lighting, traffic monitoring, communication and certain industrial applications.

Smaller regional markets to post above-average gains

The Central-North is the largest regional market for wind turbine systems in China, accounting for 47 percent of total national demand in 2008. Aided by the strong and well established markets in Hebei and Inner Mongolia, the region also has the largest share of installed wind turbine energy capacity, with 41 percent of the national total in 2008. The Northeast is the second largest regional market at 26 percent of demand, with the balance of China accounting for only 27 percent. Sales in the Central-North most directly benefit from the availability of large tracts of land where winds are strong and steady. Demand in the smaller regional markets of the Central- East, Central-South and Northwest will post above-average gains, driven by generous government incentives and growing interest in developing wind farms.

TABLE OF CONTENTS

INTRODUCTION ix

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4

Economic Overview 4

Recent Economic Performance 5

Economic Outlook 7

Demographic Overview 10

Population 10

Households 13

Banking System & Regulations 14

Currency Exchange Rates 19

Industrialization & Manufacturing Trends 23

Gross Fixed Capital Formation Outlook 25

Construction Outlook 26

Residential Building Construction 30

Nonresidential Building Construction 32

Nonbuilding Construction 33

Electric Power Sector Overview 35

Electricity Generating Capacity 35

Electricity Generation 37

Electricity Distribution 40

Electricity Consumption 42

Environmental & Other Regulatory Considerations 43

The Eleventh Five-Year Plan 46

World Wind Turbine System Demand 47

Foreign Trade 49

III. WIND TURBINE SYSTEMS 51

General 51

Wind Power Systems 52

Types of Wind Power Systems 54

Horizontal Axis 55

Vertical Axis 56

Wind Turbine System Components 58

Nacelle 61

Generator & Power Electronics 62

Gearbox & Drivetrain 64

Frame & Cover 66

Other 67

Rotor System 69

Blades 71

Hub Assemblies 73

Pitch Mechanisms & Bearings 73

Nose Cone 74

Towers 75

Monopole 75

Lattice 77

Balance of System Components 77

IV. APPLICATIONS 79

General 79

Electricity Generation by Application 80

Utility-Scale 81

Distributed 83

Electricity Generation by Location 85

Onshore 85

Offshore 87

V. REGIONAL TRENDS 90

General 90

Regional Demographic & Economic Trends 92

Population Patterns 93

Economic Outlook 95

Regional Manufacturing Production Outlook 96

Regional Gross Fixed Capital Formation Outlook 98

Regional Construction Outlook 99

Regional Electricity Consumption 101

Regional Demand for Wind Turbine Systems 102

Central-North 105

Overview 105

Wind Turbine System Demand 107

Northeast 109

Overview 109

Wind Turbine System Demand 111

Central-East 113

Overview 113

Wind Turbine System Demand 115

Central-South 117

Overview 117

Wind Turbine System Demand 119

Southwest 121

Overview 121

Wind Turbine System Demand 123

Northwest 125

Overview 125

Wind Turbine System Demand 126

VI. INDUSTRY STRUCTURE 129

General 129

Industry Composition 129

Market Share 132

Product Development & Manufacturing 135

Marketing & Distribution 136

Cooperative Agreements 139

Foreign Participation in the Chinese Market 144

Legal & Regulatory Issues 145

Joint Ventures 147

Wholly Owned Foreign Enterprises 149

Representative Offices 150

Company Profiles 151

ABB Limited 152

Acciona SA 154

American Superconductor Corporation 155

Bergey WindPower Company 157

China Aviation Industry Corporation 158

China CNR Corporation Limited 159

China Composites Group Corporation Limited 160

China High Speed Transmission Equipment Group 161

China National Materials Group Corporation 162

China Shipbuilding Industry Corporation 163

China Wind Systems Incorporated 164

Chongqing Gearbox, see China Shipbuilding Industry

DHI DCW Group Company Limited 166

Dongfang Electric Corporation 167

Gamesa Corporacion Tecnologica SA 168

General Electric Company 170

Goldwind Science & Technology Company Limited 172

Guangdong Mingyang Electric Group Company Limited 174

Hangzhou Advance Gearbox Group Company Limited 175

Hansen Transmissions International, see Suzlon Energy

Huayi Electric Apparatus Group Company Limited 176

Hunan ZKENERGY Science & Technology Company 177

LM Glasfiber Holding A/S 178

Luoyang LYC Bearing Company Limited 179

Mitsubishi Heavy Industries Limited 180

Ningbo Air-Yunsheng Wind Turbine,

see Southwest Windpower

Nordex AG 182

NSK Limited 185

REpower Systems, see Suzlon Energy

Shanghai Electric Group Company Limited 186

Shanghai Prime Machinery Company Limited 188

Siemens AG 190

Sinovel Wind, see DHI DCW Group

SKF AB 193

Southwest Windpower Incorporated 195

Suzlon Energy Limited 197

ThyssenKrupp AG 200

Timken Company 202

TPI Composites Incorporated 204

Vestas Wind Systems A/S 205

Winergy Drive Systems, see Siemens

Xuzhou Rothe Erde Ring Mill, see ThyssenKrupp

Xuzhou Rothe Erde Slewing Bearing, see ThyssenKrupp

Yangzhou Shenzhou Wind-Driven Generator

Company Limited 208

Yongji Xinshisu Electric Equipment, see China CNR

Zhejiang HeWind, see Huayi Electric Apparatus Group

Zhejiang Tianma Bearing Company Limited 209

Zhejiang Windey Wind Generating Engineering

Company Limited 210

Zhonghang Baoding Huiteng Windpower Equipment, see

China Aviation Industry

Other Companies Mentioned in the Study 211

Key Government Agencies & Industry Organizations 213

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Gross Domestic Product of China 9

2 Population of China 12

3 Households in China by Region 14

4 Interest Rates in China, 1998-2008 18

5 Chinese Currency Exchange Rates, 1998-2008 22

6 Manufacturing Value Added in China 25

7 Gross Fixed Capital Formation in China 26

8 Construction Expenditures in China 29

9 Electricity Generating Capacity in China 36

10 Electricity Generation in China 40

11 Electric Grid Investment in China 42

12 Electricity Consumption in China by End User 43

13 World Wind Turbine System Demand 48

14 Trends in Chinese Foreign Trade in Wind Turbine Systems 50

SECTION III -- WIND TURBINE SYSTEMS

1 Wind Turbine System Market in China 54

2 Wind Turbine System Demand in China by Type 55

3 Wind Turbine System Demand in China by Component 60

4 Wind Turbine Nacelle Demand in China by Component 62

5 Generator & Power Electronics Demand in China 64

6 Gearbox & Drivetrain System Demand in China 65

7 Nacelle Frame & Cover Demand in China 67

8 Other Nacelle Components Demand in China 69

9 Wind Turbine Rotor System Demand in China by Component 71

10 Wind Turbine System Tower Demand in China 75

11 Wind Turbine Balance of System Component Demand in China 78

SECTION IV -- APPLICATIONS

1 Wind Turbine System Demand in China

by Application & Location 80

2 Utility-Scale Wind Turbine System Demand in China 83

3 Distributed Wind Turbine System Demand in China 85

4 Onshore Wind Turbine System Demand in China 87

5 Offshore Wind Turbine System Demand in China 89

SECTION V -- REGIONAL TRENDS

1 Population of China by Region 94

2 Gross Domestic Product of China by Region 96

3 Manufacturing Value Added in China by Region 97

4 Gross Fixed Capital Formation in China by Region 99

5 Construction Expenditures in China by Region 101

6 Electricity Consumption in China by Region 102

7 Wind Turbine System Demand in China by Region 104

8 Central-North Region of China: Wind Turbine System Demand 109

9 Northeast Region of China: Wind Turbine System Demand 113

10 Central-East Region of China: Wind Turbine System Demand 117

11 Central-South Region of China: Wind Turbine System Demand 121

12 Southwest Region of China: Wind Turbine System Demand 124

13 Northwest Region of China: Wind Turbine System Demand 128

SECTION VI -- INDUSTRY STRUCTURE

1 Revenue Data: Selected Wind Turbine Companies, 2008 131

2 Selected Cooperative Agreements 140

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Population of China by Age, 1998-2018 12

2 Interest Rates in China, 1998-2008 19

3 Chinese Currency Exchange Rates, 1998-2008 22

SECTION III -- WIND TURBINE SYSTEMS

1 Wind Turbine System Demand in China by Component, 2008 60

SECTION V -- REGIONAL TRENDS

1 Wind Turbine System Demand in China by Region, 2008 105

2 Central-North Region of China 107

3 Northeast Region of China 111

4 Central-East Region of China 115

5 Central-South Region of China 119

6 Southwest Region of China 123

7 Northwest Region of China 126

SECTION VI -- INDUSTRY STRUCTURE

1 Wind Turbine System Market Share in China

by Company, 2008 132

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Wind turbine Industry: Wind Turbines in China

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