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Alternative Energy in China Industry Data and Analysis
The Alternative Energy industry in China is engaged in power generation via wind, geothermal, solar, tidal and biomass energy, and other new energy sources. Industry revenue is expected to grow steadily at an annualized 16.8% over the five years through 2024, to reach $126.4 billion. This includes expected growth of 11.2% in the current year. The primary industry drivers are increasing domestic demand, increasing environmental consciousness and heavy government assistance.Industry profitability growth benefits from upstream equipment manufacturing technology improvement and growing electricity consumption. Profit is expected to make up 31.2% of total industry revenue in 2024, up from 29.5% in 2019.The Chinese government has made the development of new energy generation methods a priority, in response to climate change and in pursuit of energy savings and emissions reduction. The Kyoto Protocol also stimulates new energy development in China through clean development mechanisms (CDMs). Since its implementation in February 2005, more economically developed countries have been investing in new energy projects in developing countries in exchange for certified emission reductions (CERs). As a major developing country, China has received significant investment for new energy projects, which has benefited the industry.Over the next five years, industry revenue is forecast to increase at an average annualized rate of 8.0%, to total $185.7 billion in 2029. The number and scope of wind, solar, biomass and biogas energy generation projects are all projected to increase over the period. In addition, more economically developed countries will likely increasingly invest in new energy projects in China to purchase CERs, which is expected to boost industry performance.
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What's included in this industry analysis
IBISWorld's research coverage on the Alternative Energy industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released April 2025.
About this industry
What's this industry report about?
The Alternative Energy industry in China operates under the industry code 4419. The Alternative Energy industry in China is engaged in power generation via wind, geothermal, solar, tidal and biomass energy, and other new energy sources. Related terms covered in the Alternative Energy industry in China include clean development mechanism (cdm), certified emission reduction (cer) and kyoto protocol.
What's included in this industry?
Products and services covered in Alternative Energy industry in China include Wind power generation, Solar power generation and Other power generation methods.
What companies are included in this industry?
Companies covered in the Alternative Energy industry in China include China Energy Investment Corporation, Huadian New Energy Group Corporation Limited and China Three Gorges Renewables (Group) Co., Ltd.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Alternative Energy industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Alternative Energy industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Alternative Energy industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Alternative Energy industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Alternative Energy industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Alternative Energy industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Alternative Energy industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Alternative Energy industry in China.
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Frequently Asked Questions
What is the market size of the Alternative Energy industry in China in 2026?
The market size of the Alternative Energy industry in China is $126.4bn in 2026.
How many businesses are there in the Alternative Energy industry in China in 2025?
There are 4,652 businesses in the Alternative Energy industry in China, which has grown at a CAGR of 11.0 % between 2020 and 2025.
How may import tariffs affect the Alternative Energy industry in China?
The Alternative Energy industry in China is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Alternative Energy industry in China?
The Alternative Energy industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Alternative Energy industry in China grown or declined over the past 5 years?
The market size of the Alternative Energy industry in China has been growing at a CAGR of 16.8 % between 2020 and 2025.
What is the forecast growth of the Alternative Energy industry in China over the next 5 years?
Over the next five years, the Alternative Energy industry in China is expected to grow.
What are the biggest companies in the Alternative Energy industry in China?
The biggest companies operating in the Alternative Energy industry in China are China Energy Investment Corporation, Huadian New Energy Group Corporation Limited and China Three Gorges Renewables (Group) Co., Ltd.
What does the Alternative Energy industry in China include?
Wind power generation and Solar power generation are part of the Alternative Energy industry in China.
Which companies have the highest market share in the Alternative Energy industry in China?
The company holding the most market share in the Alternative Energy industry in China is China Energy Investment Corporation.
How competitive is the Alternative Energy industry in China?
The level of competition is low and increasing in the Alternative Energy industry in China.
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