Published on : Feb 02, 2017
Albany, New York, February 2, 2017: Timetric’s latest report centering on Chinese energy and utility infrastructure construction has been recently published to the online repository of Market Research Hub (MRH). The title of the report is “Energy and Utilities Infrastructure Construction in China Market Forecast 2020”, which contains detailed historic and forecast market value data for the industry. Forecasts up to 2020 provide valuations of the industry using the construction output and value-add methods.
In the first section, the report provides comprehensive information about the two major categories of construction industries in China, which are energy and utility construction along with activity analysis. Also, subsectors such as oil and gas, electricity, telecommunication, sewage and water infrastructure construction are also highlighted. From the past few years, China also continues to build and renovate dozens of new cities. Urban development will bring with it new buildings, roads and utility infrastructure projects. Also, China’s energy generation capability has also grown larger every year.
It is well known that most of the electricity is transmitted as alternating current (AC) that works well over short and medium distances. But, the transmission over long distances requires very high voltage, such as Ultra-High-Voltage Direct Current (UHVDC) connectors. These connectors are better suited to such distances that send power from distant hydroelectric plants. China has grabbed the potential of these high-capacity links. State Grid, China’s state-owned electricity utility, is halfway through a plan to spend US$88 bn on UHVDC lines between 2009 and 2020. BYD's battery energy storage system in China provides a solution for the realization of energy storage in the smart grid that improves renewable energy efficiency by 5-10%.
According to the key findings of Timetric in 2015, the government had announced plans to invest CNY2.3 trillion (US$315.0 billion) to construct new power grids and to surge the span of the high-voltage network to 1 million Km and medium-voltage network to 4 million Km in the country by the end of 2020. Moreover, the findings stated, to improve regional trade the government plans to connect China with European & Asian countries through suitable transport infrastructure under the One Belt, One Road plan. In a period when the US is looking inwards, China is becoming more outward and could establish global headship sooner.
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Moreover, in the next sections, the report presents key highlights about the industry that provides a clear understanding of the market. For the new industry players who are willing to enter the market, this report is an essential tool for companies active across the Chinese construction value chain.
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