中國風電行業(yè)市場前景及投資研究報告-培訓課件外文版2024.6海上風電光伏儲能

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MARKETSWindpowerinChinaCHAPTER

01OverviewCumulativeinstalledwindpowercapacityworldwidefrom2001to2023(ingigawatts)Globalcumulativeinstalledwindpowercapacity2001-20231,2001,00080060040020002001

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20233Description:Thecumulativecapacityofinstalledwindpowerworldwideamountedtoapproximately1,021gigawattsin2023.Onshorewindpoweraccountedforthemajorityoftotalwindpowercapacity,atabout946gigawattsthatyear.

ReadmoreNote(s):Worldwide;2001to2023;onshoreandoffshoreSource(s):GWECLeadingcountriesbywindenergyconsumptionworldwidein2022Globalshareofwindenergyconsumption2022,bycountryShareofconsumption0%5%10%15%20%25%30%35%40%ChinaUnitedStatesGermanyBrazil36.2%20.9%6%3.9%3.8%3.3%3%UnitedKingdomIndiaSpainFrance1.8%1.8%1.7%1.5%1.5%CanadaTurkeySwedenAustralia4Description:In2022,Chinawastheleadingcountryintheworldbasedonwindenergyconsumption,withaglobalconsumptionshareof36.2percent.Meanwhile,theUnitedStatesaccountedforapproximately21percentoftheworld'swindconsumptionthatyear,makingitthesecondlargestwindpowerconsumerworldwide.ReadmoreNote(s):Worldwide;2022Source(s):EnergyInstitute;Kearney;KPMGRenewableelectricitygenerationcapacityinChinafrom2009to2022(ingigawatts)RenewableenergycapacityinChina2009-20221,4001,2001,0008001,160.81,020.23899.63758.84695.46620.86600541.02479.12015414.652014359.522013400302.12012267.9233.262010206.2320092000201120162017201820192020202120225Description:ThecapacityofrenewableenergyinChinareachednearly1.2terawattsin2022,anincreasefromaround14percentformthepreviousyear.

ReadmoreNote(s):China;2009to2022Source(s):IRENADistributionofelectricitygenerationinChinain2022,bysourcePowerproductionbreakdowninChina2022,bysourceGas3%Bioenergy1%Solar5%Nuclear5%Wind9%Hydro14%Coal63%6Description:Chinasourcesmostofitselectricityfromcoal.In2022,fossilfuelsmadeup63percentofthetotalelectricityinthecountry.Despitecontinuingtoexpanditscoalpowerplantfleet,Chinahasrecentlyredirecteditsinvestmenteffortstowardscleanenergyinitiativeswiththeaimofreducingpollutionandemissionlevels.ReadmoreNote(s):China;2022Source(s):Ember;GECF;RefinitivCHAPTER

02CapacityCumulativeinstalledwindpowercapacityinChinafrom2014to2023(ingigawatts)WindpowercapacityinChina2014-2023500450400350300250200150440376.3328.48281.65210.05184.27168.73145.362016114.61201591.41201410050020172018201920202021202220238Description:Asof2023,Chinahadaninstalledwindpowercapacityof440gigawatts.Thecountryexperiencedamorethanthreefoldincreasesince2014,whenaslittleas90gigawattsofwindpowerwereconnectedtothetothenationalgrid.Windhasseenthegreatestyear-on-yearpowergenerationcapacitygrowthinChina.ReadmoreNote(s):China;2014to2023Source(s):CECCapacityofonshoreandoffshorewindpowerfarmsproposedorunderconstructioninChinaasofDecember2023,byprovince/municipality(inmegawatts)ProposedonshoreandoffshorewindpowercapacityadditionsinChinabyprovince2023CapacityinmegawattsOffshore40,000Onshore50,000010,00020,00030,00060,00070,00080,00090,000100,00000InnerMongoliaXinjiangHebei89,09040,99439,228500700GuangxiHunanGansu28,6300023,08021,2413,150LiaoningHenanGuizhouHeilongjiangShaanxiJilin13,62812,9720000012,0209,3408,3808,2789Description:AmongallprovincesinChina,withover89gigawattsofprospectiveonshorewindpower,InnerMongoliawasplanningtoinstallthemostwindpowercapacity.Withitsflatandvastlandscapeandlowpopulationdensity,itisaverysuitablelocationforwindenergygeneration.ReadmoreNote(s):Asia,China;December2023Source(s):GlobalEnergyMonitorOnshorewindenergycapacityinChinafrom2009to2022(ingigawatts)CapacityofonshorewindenergyinChina2009-202240035030025020015010050335.5302.58273.12203.65180.08161.59147.04130.49201596.38201476.31201361.31201246.15201129.53201017.602009201620172018201920202021202210Description:China'sonshorewindenergycapacityamountedtosome335gigawattsin2022,thepeakvaluesince2009.Duringtheperiodinconsideration,figuresincreasedbyover300gigawatts.

ReadmoreNote(s):China;2009to2022Source(s):IRENACapacityofonshorewindfarmsinChinaasofDecember2023,byprovince/municipality(inmegawatts)OnshorewindpowercapacityinChinabyprovince2023Capacityinmegawatts010,00020,00030,00040,00050,00060,000InnerMongoliaXinjiangHebei50,65228,00022,948Shanxi20,249ShandongGansu19,18319,177YunnanNingxiaHenanLiaoningJilin14,75213,68312,58410,66710,2108,8408,208HeilongjiangHunan11Description:Asoftheendof2023,InnerMongoliahadthehighestwindpowercapacityamongallprovincesinChina.Theprovince'swindfarmshadacombinedoutputpotentialofover50gigawatts.Withitsflatandvastlandscapeandlowpopulationdensity,itisaverysuitablelocationforwindenergygeneration.ReadmoreNote(s):December2023Source(s):GlobalEnergyMonitorCumulativeinstalledoffshorewindpowercapacityinChinafrom2013to2022(ingigawatts)OffshorewindpowercapacityinChina2013-2022353025201510530.4626.398.995.934.442.791.631.0320150.670.45020132014201620172018201920202021202212Description:Byend2022,Chinahadinstalledapproximately30gigawattsworthofoffshorewindpower.Thiswasanotableincreasecomparedtothepreviousyears,withinstalledcapacityhavingnearlytripled.Bycomparison,China'stotalaccumulatedinstalledwindpowercapacityreachedsome440gigawattsthatsameyear.ReadmoreNote(s):China;2013to2022Source(s):IRENACapacityofoffshorewindfarmsinChinaasofDecember2023,byprovince/municipality(inmegawatts)OffshorewindpowercapacityinChinabyprovince2023Capacityinmegawatts6,00002,0004,0008,00010,00012,00011,94614,000JiangsuGuangdongFujian8,4473,7433,609ShandongZhejiangLiaoningShanghaiHebei3,422949678300248HainanTianjin9013Description:Asoftheendof2023,Jiangsuhadanoffshorewindpowercapacityofalmost12gigawatts,whichwasthehighestamongallprovincesinChina.Withitsexpansivecoastline,thecountryhasidealconditionsforoffshorewindfarms.Inaddition,thelargestshareofChina'spopulationandmanufacturingislocatednearthecoast.Therefore,comparedtootherenergysources,electricityfromoffshorewindparksdoesnotneedtobetransportedoverlongdistances.

ReadmoreNote(s):China;December2023Source(s):GlobalEnergyMonitorCHAPTER

03GenerationWindenergyproductioninChinafrom2009to2021(ingigawatthours)WindenergyproductioninChina2009-2021700656.716005004003002001000467.04406.56366.45305.02242.39185.972015160.212014138.562013103.01201271.65201149.07201024.9200920162017201820192020202115Description:Chinaproducedroughly656.7gigawatthoursofelectricityfromwindenergyin2021.Thiswasthepeakfromtheperiodinconsiderationandanincreaseofalmost30percentfromthepreviousyear.

ReadmoreNote(s):China;2009to2021Source(s):IRENAMonthlyelectricitygenerationfromwindpowerinChinafromJuly2017toFebruary2024(interawatthours)MonthlypowergenerationfromwindenergyinChina2017-2024160140120100149.7391.4582.9372.38067.2661.3756.8156.3152.43604020050.6651.6247.6135.88

36.434.1735.1232.2128.4828.2926.3826.3322.9622.4718.0218.7616Description:InJanuaryandFebruary2024,theelectricitygenerationfromwindpowerinChinaamountedtoaround150terawatt-hours.Themonthlyoutputhadbeensteadilyincreasingoverthelastthreeyears.Itappearedthatwindpowerwassubjectedtoseasonalfluctuationsgeneratingmorepoweroverthewintermonths.ReadmoreNote(s):China;July2017toFebruary2024;*Accordingtothesource,thevaluesfromJanuaryandFebruaryhavebeengroupedtogethertocurbtheinfluenceoftheChineseNewYearonthestatistic.ChineseNewYearfallsbetweenJanuary21and[...]

ReadmoreSource(s):NationalBureauofStatisticsofChinaWindpowergenerationinChinain1sthalf2023,byprovince(ingigawatthours)WindpowergenerationChinaH12023,byregionPowergenerationingigawatthours(GWh)150,000

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250,000050,000100,000300,000350,000400,000450,000TotalInnerMongoliaHebei426,44064,24033,330XinjiangJiangsuShanxiShandongGansu29,58028,29025,82024,37019,920HenanGuangdongYunnan19,18017,66016,13014,47014,330LiaoningNingxia17Description:Asofthefirsthalf2023,thetotalwindpowergenerationinChina,approximately425terawatthours.InnerMongoliahadbeengeneratedaround64terawatthoursofelectricityfromwindpower.ReadmoreNote(s):China;H12023Source(s):AskCIConsultingOnshorewindenergyproductioninChinafrom2008to2021(ingigawatthours)ProductionofonshorewindenergyinChina2008-2021700,000600,000500,000400,000300,000200,000100,00002008200920102011201220132014201520162017201820192020202118Description:China'sonshorewindenergyproductionpeakedatroughly604terawatthoursin2021.Thiswasanincreaseofmorethan30percentfromthepreviousyear.

ReadmoreNote(s):China;2008to2021Source(s):IRENAProductionofoffshorewindenergyinChinafrom2008to2021(ingigawatthours)ProductionofoffshorewindenergyinChina2008-202160,00050,00040,00030,00020,00010,00052,71114,889202011,51220199,11220185,17720172,417201648775472978916632522020082009201020112012201320142015202119Description:Chinaproducedroughly52.7terawatthoursworthofoffshorewindenergyin2021.Thiswasthepeakfromtheperiodinconsideration,androughlyfourtimeslargerthantheoffshorewindgenerationinthepreviousyear.

ReadmoreNote(s):China;2008to2021Source(s):IRENACHAPTER

04EquipmentShareofinstalledwindturbinesinChinain2022,bysizeBreakdownofinstalledwindturbinesizesinChina2022Shareofwindturbinesize0%5%10%15%20%25%30%35%40%45%Under2MW2.0to2.9MW3.0to3.9MW4.0to4.9MW5.0to5.9MW6.0to6.9MW7.0to7.9MW8.0to8.9MW10and11MW25.5%41.8%14.8%7.4%4.6%4.5%0.6%0.6%0.2%21Description:In2022,windturbineswithasizeoftwoto2.9MWwerethemostpopularclassinChina,accountingforover40percentofinstalledwindturbines.Largerwindturbineshaveahigherefficiency,butitalsomakesthemmoredifficulttoinstall,andtheyneedmoreadvancedtechnology.ReadmoreNote(s):Asia,China;2022Source(s):AskCIConsulting;SECC;Varioussources(SMEMall)CostbreakdownofwindturbinesinChinain2022,bypartBreakdownofwindturbinecostsinChina2022,bypartShareofcosts0%5%10%15%20%25%30%29%35%TowerBlades22%Gearbox13%WheelhubEngineroomConverterMainbearingsGeneratorOthers10%8%6%5%4%3%22Description:Asof2022,thetowerofthewindturbineaccountedforalmost30percentoftheoverallcostinChina.Othermajorcostdriverswerethebladesandthegearbox.

ReadmoreNote(s):Asia,China;2022Source(s):AskCIConsulting;ChineseWindEnergyAssociation;SECC;Varioussources(SMEMall)MarketsizeofwindturbinerotorbladesinChinain2021and2022withanestimateuntil2025(inbillionyuan)MarketsizeofwindpowerrotorbladesinChina2021-2025605056.247.644.540302010037.129.4202120222023*2024*2025*23Description:In2022,thesizeoftherotorblademarketinChinareached37billionyuan.Accordingtotheestimates,themarketwasprojectedtoreachasizeof56billionyuanby2025.Therotorbladesarethesecond-biggestcostfactorinthewindturbine.

ReadmoreNote(s):Asia,China;2021and2022;*Estimate.Oneyuanequals0.14U.S.dollarsand0.13euros(asofApril2024).ReadmoreSource(s):AskCIConsulting;SECC;Varioussources(SMEMall)CostbreakdownofgeneratorsusedinwindturbinesinChinain2022,bypartBreakdownofwindpowergeneratorcostsinChina2022,bypartOther12%Capacitors,resistors,electromagnets8%Electricalcomponents35%Structuralparts16%Powermodule29%24Description:Asof2022,theelectricalcomponentswerethemostexpensivecomponentsinaChinesewindturbinegenerator.Theyaccountedforoverone-thirdofthecosts.

ReadmoreNote(s):Asia,China;2022Source(s):Varioussources(KaiyuanSecurities);Website()MaterialcostbreakdownofrotorbladesusedinwindturbinesinChinain2022,bycomponentBreakdownofwindpowerrotorbladecostsinChina2022,bycomponentOther5%Layermaterials4%Metals4%Basicmaterials36%Adhesive11%Corematerials12%Reinforcementmaterials(fiberglassandcarbonfibre)28%25Description:Asof2022,basicmaterialsandthereinforcementmaterialsaccountedformorethanhalfofthecostofarotarybladeusedforwindturbinesinChina.Commonreinforcementmaterialsarefiberglassandcarbonfiber.

ReadmoreNote(s):Asia,China;2022Source(s):CHAPTER

05CompaniesMarketcapitalizationofleadingcompaniesintheChinesewindpowerindustryin2023(inbillionyuan)MarketcapofleadingwindenergyenterprisesinChina2023Marketcapinbillionyuan15

2005102530354045ZhongtianTechnologySanyHeavyEnergy41.428.9NingboOrientWires26.726.4GoldwindMingYangSmartEnergyGroupTitanWindEnergy23.717.3DajinHeavyIndustryRiyueHeavyIndustryJiangsuHailiWindPowerShanghaiTaishengWindJinleiTechnology13.710.8107.86.96.7WindeyEnergyTechnologyGroupZheJiangXCCGroup627Description:In2023,Jiangsu-basedZhongtianTechnologyhadamarketcapitalizationof41.4billionyuan,whichwasthehighestvaluedenterpriseinthewindpower-relatedindustry.Thecompanymakespowerlinesanddevelopsnewmaterialsintherenewableenergyspace.AlthoughtheZhongtianTechnologydoesnotdirectlymanufacturewindturbines,itprovidescriticalinfrastructureforthewindpowerindustry.ReadmoreNote(s):Asia,China;January2023Source(s):E;GuolianSecurities;Varioussources(iFind);WindInformationProfitforecastsofleadingcompaniesintheChinesewindpowerindustryfrom2023to2025(inmillionyuan)ProfitforecastsofleadingwindenergyenterprisesinChina2023-2025Profitinmillionyuan20252,000202420233,00001,0004,0005,0006,0007,0006,120MingYangSmartEnergyGroupZhongtianTechnologyGoldwind5,0003,9805,3104,4303,6704,0803,3502,5302,690SanyHeavyEnergyTitanWindEnergy2,2002,2001,7701,9602,5001,3401,2101,070NingboOrientWiresDajinHeavyIndustryJiangsuHailiWindPowerWindeyEnergyTechnologyGroupShanghaiTaishengWindRiyueHeavyIndustryJinleiTechnology1,7101,5206907801,2901,0801,020960920130800620700380340650650528/statistics/1462611/china-profit-forecasts-of-leading-wind-power-companiesAccordingtoforecasts,MingYangSmartEnergyGroupwasprojectedtohavethehighestprofitsby2025intheChinesewindenergyindustry.Theirprofitswereestimatedtoincreasefrom3.98billionyuanin2023tooversixbillionyuantwoyearslater.ReadmoreNote(s):Asia,China;2023Source(s):E;GuolianSecurities;Varioussources(iFind);WindInformationMarketshareofleading