Assessment of China's Market for Power Cogeneration

GCiS, December 2011

This Limited Publication Study (LPS) provides an in-depth understanding of the market for Power Cogeneration in Mainland China, which are divided into six product categories: power station boilers, steam turbines, gas turbines, generators, heat recovery steam generators and reciprocating engines. The report is based on a study of the production, sales, distribution and applications. Included is a quantitative and qualitative assessment of the market's size, trends, development, key participants and opportunities.

This report is comprised of data and analysis of the China Power Cogeneration market and presents a predominantly supply-side view in terms of market numbers. In addition to suppliers, primary research covers channel influencers, customers and end-users, and industry experts.

The report focuses mainly on the market for the six main types of equipment found to serve cogeneration in China, these comprise of power station boilers, steam turbines, gas turbines, generators, heat recovery steam generators and reciprocating engines.

Chapter 1: Introduction

I. Introduction
LPS Overview
Sections of the Study
Sampling
Figure 1.1: Total Sampling by Target Group
Sampling - Suppliers
Sampling - Distributors
Figure 1.2: Proportion of Suppliers in Sample by Region
Product Definitions
Product Segmentation
Figure 1.3: GCiS Segmentation of Cogeneration
Figure 1.4: GCiS Segmentation of Gas Turbine
Figure 1.5: GCiS Segmentation of Steam Turbine
Figure 1.6: GCiS Segmentation of PSB
Figure 1.7: GCiS Segmentation of HRSG
Figure 1.8: GCiS Segmentation of Generator
Customer and End-user Definitions

II. Definitions and Process
Abbreviations
Figure 1.9: Glossary of Industry Terms in English and Chinese
By Geographic Location
Figure 1.10: GCiS Standard China Geographic Segmentation
GCiS Regional Segmentation
Locations by Tier in China
A Note on China’s Key Industrial Output Areas
Pearl River Delta
Figure 1.11: Overview: The Pearl River Delta
Yangtze River Delta
Figure 1.12: Overview: The Yangtze River Delta
Bohai Rim Economic Zone
Figure 1.13: Overview: The Bohai Rim
About Limited Publication Studies

Chapter 2: Total Analysis
I. Executive Summary
Market in Sum
Figure 2.1: Summary of Key Market Figures- CHP Equipment (2011)
Figure 2.2: Market Size and Share by Industry
Figure 2.3: Key Benchmark Data
Figure 2.4: Snapshot of Key Market Entry Issues
Key Findings
Market Drivers and Inhibitors
Market Drivers
Market Inhibitors
Figure 2.5: Drivers and Inhibitors – Chart
Explanation
Regulatory Factors
Figure 2.6: Relevant Government Bodies and Non-Government Associations
Opportunities in Target Market
Figure 2.7: GCiS China Market Opportunities Assessment
(by Market Segment)
Opportunity Matrix
Figure 2.8: Market Opportunities for Foreign / Quality Suppliers by Industry
Figure 2.9: GCiS Opportunities Ratings, by Industry (1 to 10, with 10 highest)
Figure 2.10: Market Opportunities for Foreign / Quality Suppliers
Figure 2.11: Opportunity Qualitative & Quantitative Assessment
Corporate and Regulatory News
Figure 2.12: Upcoming Events
Expert Views
Recommendations
Particularly for Market Entrants
Particularly for Potential Investors
Further Study
II. Market Figures
Key Findings
Market Figures Overview
Figure 2.13: CHP Equipment Market Segmentation - 201
Figure 2.14: Summary of Market Size Figures (Bn RMB) by Industry
Supply-end Market Outlook
Figure 2.15: 2010-2011 Market Revenues by Equipment Type – Chart
Export Sales
Figure 2.16: Domestic and Export Revenue Breakdown (Bn RMB) 201
Domestic Market Revenues by Industry
Figure 2.17: Total Revenues by Industries 2011 – Total
Figure 2.18: Total Revenues by Industries 2011 – Percentage
Market Shares
Figure 2.19: Estimated Market Share of CHP Equipment Suppliers - Chart
Figure 2.20: Estimated Market Share of CHP Suppliers 201
Regional Sales
Figure 2.21: Sales by Market Segment per Region 2011 (Mn RMB)
Figure 2.22: Sales by Product and Region 201
Product and Pricing
Products and Average Prices
Figure 2.23: Foreign Product Pricing by Product Segment (Mn RMB/Set)
Growth Rates and Forecast
Figure 2.24: Weighted Growth Rate by on-line Analyzers Type (2011)
Forecast Methodology
Forecast
Figure 2.25: 2010 to 2015 CHP Equipment Market Size (Bn RMB)
Figure 2.26: 2010 to 2015 CHP Equipment Market Size – Chart
Forecast Analysis

III. Competitive Analysis
Key Findings
Competitors in this Market
Concentration of Suppliers
Figure 2.28: Suppliers by Company Size (2011)
Foreign vs. Domestic Suppliers
Figure 2.29: Foreign Vs Domestic Suppliers - CHP
Figure 2.30: Market Shares by Product Segment and Ownership – CHP
Marketing Strategies
Figure 2.31: Perceived Importance of Key Marketing Strategies
Figure 2.32: Key Strategic Indicators of Top Foreign Supplier
Capacity
Figure 2.33: Used CHP Equipments Capacity in 201
Figure 2.34: Used CHP Equipments Capacity in 2011 – Chart
Qualitative Summary of Top CHP Equipment Suppliers
Domestic Leaders
Foreign Leaders
Five-Forces Analysis
Figure 2.35: Five Forces Analysis
IV. Channel Player Analysis
Key Findings
Summary of CHP Equipment Channel Players
Figure 2.36: Key Channel Players Listed and Compared
Channel Player Sales
Figure 2.37: Average Weighted Percentage Channel Sales - Chart
Market Value Chain
Figure 2.38: China CHP Equipments Market Value Chain
Supply-side Relations
Figure 2.39: Details of Channel Players’ Relationships with Suppliers
Scope of Services
Figure 2.40: Average Percentage of Services Provided – Chart

Chapter 3: Segment Analysis
I. I. Power Station Boiler (PSB)
Key Findings
Figure 3.1.I: Revenues, Output, Growth and Pricing – PSB
Revenue Streams and Market Flow
Figure 3.2.I: Revenue Streams – PSB
Figure 3.3.I: Market Flow – PSB
Supplier Ownership
Figure 3.4.I: Supplier Ownership – PSB
End User Industries
Figure 3.5.I: Project Examples – PSB
Figure 3.6.I: 2011 End-user Revenue – PSB
Market Leaders
Figure 3.7.I: 2011 Market Leaders – PSB
Figure 3.8.I: 2011 Market Leaders Market Share – PSB
Figure 3.9.I: 2011 Market Leaders Domestic and Export Revenue – PSB
Figure 3.10.I: 2011 Market Leaders Domestic Revenue by Product Type – PSB
Figure 3.11.I: 2011 Domestic Market Shares by Revenue – PSB
Figure 3.12.I: 2011 Domestic Market Shares by Output (Set) – PSB
Figure 3.13.I: 2011 Domestic Market Shares by Output (t/h) – PSB
Figure 3.14.I: 2011 Market Leaders’ Domestic Revenue and Output - PSB – Chart
Figure 3.15.I: 2011 Market Leaders’ Domestic Revenue and Output Market Shares - PSB – Chart
Figure 3.16.I: 2011 Market Leaders End-user Revenue – PSB
Sales Channels
Figure 3.17.I: Sales Channels – PSB
Production by Region
Figure 3.18.I: Output by Region – PSB
Figure 3.19.I: Regional Breakdown – PSB – Chart
Capacity and Output
Figure 3.20.I: Capacity and Output Details by Supplier – PSB
Figure 3.21.I: Capacity and Output Details by Supplier – PSB – Chart
Pricing
Figure 3.22.I: Perceived Pricing Trends – PSB
Figure 3.23.I: Example Products by Supplier – PSB
Figure 3.24.I: Example Products by Supplier – PSB
Projections
Figure 3.25.I: Market (2010 – 2015) Projections – PSB
Figure 3.26.I: Market (2010 – 2015) Projections – PSB
II. Steam Turbine (ST)
Key Findings
Figure 3.1.II: Revenues, Output, Growth and Pricing by Market Tier - ST
Revenue Streams and Market Flow
Figure 3.2.II: Revenue Streams – ST
Figure 3.3.II: Market Flow – ST
Supplier Ownership
Figure 3.4.II: Supplier Ownership – ST
End User Industries
Figure 3.5.II: Project Examples – ST
Figure 3.6.II: 2011 End-user Revenue – ST
Market Leaders
Figure 3.7.II: 2011 Market Leaders – ST
Figure 3.8.II: 2011 Market Leaders Market Share – ST
Figure 3.9.II: 2011 Market Leaders Domestic and Export Revenue – ST
Figure 3.10.II: 2011 Market Leaders Domestic Revenue by Product Type – ST
Figure 3.11.II: 2011 Domestic Market Shares by Revenue – ST
Figure 3.12.II: 2011 Domestic Market Shares by Output (Set) – ST
Figure 3.13.II: 2011 Domestic Market Shares by Output (MW) – ST
Figure 3.14.II: 2011 Market Leaders’ Domestic Revenue and Output
- ST- Chart
Figure 3.15.II: 2011 Market Leaders’ Domestic Revenue and Output Market Shares
- ST – Chart
Figure 3.16.II: 2011 Market Leaders End-user Revenue – ST
Sales Channels
Figure 3.17.II: Sales Channels – ST
Production by Region
Figure 3.18.II: Output by Region – ST
Figure 3.19.II: Regional Breakdown –ST– Chart
Capacity and Output
Figure 3.20.II: Capacity and Output Details by Supplier – ST
Figure 3.21.II: Capacity and Output Details by Supplier - ST – Chart
Pricing
Figure 3.22.II: Perceived Pricing Trends – ST
Figure 3.23.II: Example Products by Supplier – ST
Figure 3.24.II: Example Products by Supplier – ST
Projections
Figure 3.25.II: Market (2010 – 2015) Projections – ST
Figure 3.26.II: Market (2010 – 2015) Projections – ST
III. Gas Turbine (GT)
Key Findings
Figure 3.1.III: Revenues, Output, Growth and Pricing - GT
Revenue Streams and Market Flow
Figure 3.2.III: Revenue Streams – GT
Figure 3.3.III: Market Flow – GT
Supplier Ownership
Figure 3.4.III: Supplier Ownership – GT
End User Industries
Figure 3.5.III: Project Examples –GT
Figure 3.6.III: 2011 End-user Revenue – GT
Market Leaders
Figure 3.7.III: 2011 Market Leaders – GT
Figure 3.8.III: 2011 Market Leaders Market Share– GT
Figure 3.9.III: 2011 Market Leaders Domestic and Export Revenue – GT
Figure 3.10.III: 2011 Market Leaders Domestic Revenue by Product Type – GT
Figure 3.11.III: 2011 Domestic Market Shares by Revenue – GT
Figure 3.12.III: 2011 Domestic Market Shares by Output (Set) – GT
Figure 3.13.III: 2011 Domestic Market Shares by Output (MW) – GT
Figure 3.14.III: 2011 Market Leaders’ Domestic Revenue and Output
- GT- Chart
Figure 3.15.III: 2011 Market Leaders’ Domestic Revenue and Output Market Shares
- GT – Chart
Figure 3.16.III: 2011 Market Leaders End-user Revenue – GT
Sales Channels
Figure 3.17.III: Sales Channels – GT
Production by Region
Figure 3.18.III: Output by Region – GT
Figure 3.19.III: Regional Breakdown – GT – Chart
Capacity and Output
Figure 3.20.III: Capacity and Output Details by Supplier – GT
Figure 3.21.III: Capacity and Output Details by Supplier - GT – Chart
Pricing
Figure 3.22.III: Perceived Pricing Trends – GT
Figure 3.23.III: Example Products by Supplier – GT
Figure 3.24.III: Example Products by Supplier – GT
Projections
Figure 3.25.III: Market (2010 – 2015) Projections – GT
Figure 3.26.III: Market (2010 – 2015) Projections – GT

IV. Generator
Key Findings
Figure 3.1.IV: Revenues, Output, Growth and Pricing - Generator
Revenue Streams and Market Flow
Figure 3.2.IV: Revenue Streams – Generator
Figure 3.3.IV: Market Flow – Generator
Supplier Ownership
Figure 3.4.IV: Supplier Ownership – Generator
End User Industries
Figure 3.5.IV: Project Examples – Generator
Figure 3.6.IV: 2011 End-user Revenue – Generator
Market Leaders
Figure 3.7.IV: 2011 Market Leaders – Generator
Figure 3.8.IV: 2011 Market Leaders Market Share–Generator
Figure 3.9.IV: 2011 Market Leaders Domestic and Export Revenue – Generator
Figure 3.10.IV: 2011 Market Leaders Domestic Revenue by Product Type
– Generator
Figure 3.11.IV: 2011 Domestic Market Shares by Revenue – Generator
Figure 3.12.IV: 2011 Domestic Market Shares by Output (Set) – Generator
Figure 3.13.IV: 2011 Domestic Market Shares by Output (MW) – Generator
Figure 3.14.IV: 2011 Market Leaders’ Domestic Revenue and Output
- Generator – Chart
Figure 3.15.IV: 2011 Market Leaders’ Domestic Revenue and Output Market Shares
- Generator – Chart
Figure 3.16.IV: 2011 Market Leaders End-user Revenue –Generator
Sales Channels
Figure 3.17.IV: Sales Channels – Generator
Production by Region
Figure 3.18.IV: Output by Region – Generator
Figure 3.19.IV: Regional Breakdown – Generator – Chart
Capacity and Output
Figure 3.20.IV: Capacity and Output Details by Supplier – Generator
Figure 3.21.IV: Capacity and Output Details by Supplier - Generator – Chart
Pricing
Figure 3.22.IV: Perceived Pricing Trends – Generator
Figure 3.23.IV: Example Products by Supplier – Generator
Figure 3.24.IV: Example Products by Supplier – Generator
Projections
Figure 3.25.IV: Market (2010 – 2015) Projections – Generator
Figure 3.26.IV: Market (2010 – 2015) Projections – Generator

V. Heat Recovery Steam Generator (HRSG)
Key Findings
Figure 3.1.V: Revenues, Output, Growth and Pricing – HRSG
Revenue Streams and Market Flow
Figure 3.2.V: Revenue Streams – HRSG
Figure 3.3.V: Market Flow – HRSG
Supplier Ownership
Figure 3.4.V: Supplier Ownership – HRSG
End User Industries
Figure 3.5.V: Project Examples – HRSG
Figure 3.6.V: 2011 End-user Revenue – HRSG
Market Leaders
Figure 3.7.V: 2011 Market Leaders – HRSG
Figure 3.8.V: 2011 Market Leaders Market Share – HRSG
Figure 3.9.V: 2011 Market Leaders Domestic and Export Revenue – HRSG
Figure 3.10.V: 2011 Market Leaders Domestic Revenue by Product Type
– HRSG
Figure 3.11.V: 2011 Domestic Market Shares by Revenue – HRSG
Figure 3.12.V: 2011 Domestic Market Shares by Output (Set) – HRSG
Figure 3.13.V: 2011 Domestic Market Shares by Output (MW) – HRSG
Figure 3.14.V: 2011 Market Leaders’ Domestic Revenue and
Output - HRSG – Chart
Figure 3.15.V: 2011 Market Leaders’ Domestic Revenue and Output Market Shares
- HRSG – Chart
Figure 3.16.V: 2011 Market Leaders End-user Revenue – HRSG
Sales Channels
Figure 3.17.V: Sales Channels – HRSG
Production by Region
Figure 3.18.V: Output by Region – HRSG
Figure 3.19.V: Regional Breakdown – HRSG – Chart
Capacity and Output
Figure 3.20.V: Capacity and Output Details by Supplier – HRSG
Figure 3.21.V: Capacity and Output Details by Supplier - HRSG – Chart
Pricing
Figure 3.22.V: Perceived Pricing Trends – HRSG
Figure 3.23.V: Example Products by Supplier – HRSG
Figure 3.24.V: Example Products by Supplier – HRSG
Projections
Figure 3.25.V: Market (2010 – 2015) Projections – HRSG
Figure 3.26.V: Market (2010 – 2015) Projections – HRSG
VI. Reciprocating Engine
Key Findings
Figure 3.1.VI: Revenues, Output, Growth and Pricing - Reciprocating Engine
Revenue Streams and Market Flow
Figure 3.2.VI: Revenue Streams – Reciprocating Engine
Figure 3.3.VI: Market Flow – Reciprocating Engine
Supplier Ownership
Figure 3.4.VI: Supplier Ownership – Reciprocating Engine
End User Industries
Figure 3.5.VI: Project Examples – Reciprocating Engine
Figure 3.6.VI: 2011 End-user Revenue –Reciprocating Engine
Market Leaders
Figure 3.7.VI: 2011 Market Leaders –Reciprocating Engine
Figure 3.8.VI: 2011 Market Leaders Market Share–Reciprocating Engine
Figure 3.9.VI: 2011 Market Leaders Domestic and Export Revenue
– Reciprocating Engine
Figure 3.10.VI: 2011 Market Leaders Domestic Revenue by Product Type
– Reciprocating Engine
Figure 3.11.VI: 2011 Domestic Market Shares by Revenue
– Reciprocating Engine
Figure 3.12.VI: 2011 Domestic Market Shares by Output (Set)
– Reciprocating Engine
Figure 3.13.VI: 2011 Domestic Market Shares by Output (MW)
– Reciprocating Engine
Figure 3.14.VI: 2011 Market Leaders’ Domestic Revenue and Output
- Reciprocating Engine – Chart
Figure 3.15.VI: 2011 Market Leaders’ Domestic Revenue and Output Market Shares
- Reciprocating Engine – Chart
Figure 3.16.VI: 2011 Market Leaders End-user Revenue – Reciprocating Engine
Sales Channels
Figure 3.17.VI: Sales Channels – Reciprocating Engine
Production by Region
Figure 3.18.VI: Output by Region – Reciprocating Engine
Figure 3.19.VI: Regional Breakdown – Reciprocating Engine – Chart
Capacity and Output
Figure 3.20.VI: Capacity and Output Details by Supplier – Reciprocating Engine
Pricing
Figure 3.21.VI: Perceived Pricing Trends – Reciprocating Engine
Figure 3.22.VI: Example Products by Supplier – Reciprocating Engine
Figure 3.23.VI: Example Products by Supplier – Reciprocating Engine
Projections
Figure 3.24.VI: Market (2010 – 2015) Projections – Reciprocating Engine
Figure 3.25.VI: Market (2010 – 2015) Projections – Reciprocating Engine

Combined Heat and Power in China booming amid lower GDP growth – Margins hurting smaller producers

GCiS China Strategic Research has published a report on the China market for combine heat and power (CHP) equipment. The study finds that China’s demand for affordable energy, coupled with targets from the government’s 12th five year plan, which contains specific needs for cogeneration, will sustain double digit growth despite an expected softening in other areas of the economy.

The report focuses mainly on the market for the six main types of equipmentfound to serve cogeneration in China, these comprise of power station boilers, steam turbines, gas turbines, generators, heat recovery steam generators andreciprocating engines.

The bulk of CHP purchases are made by utility power plants. These state-owned entities operate under a fixed electricity price but floating coal
prices. For them, increasing efficiencies through CHP will attenuate mounting financial losses.

Also reported in the study, the role that rising raw material prices are playing in the changing structure of the market’s supply side. According to GCiS analyst Jessie Jiang, “CHP parts pricing is increasing the pressure on low-end domestic producers, who traditionally operate under wafer thin margins. Current trends point to some form of consolidation in 2012 and beyond.”

This GCiS market study draws on a three month, in-depth primary survey of 80 of the market’s supply side and channel players, also including interviews with industry experts. It is essential reading for any professional needing accurate and detailed strategic information of this market. Major areas covered include: market size and shares, five-year projections, market structure, pricing trends, distribution, consumption, an assessment of key suppliers and more.

- Babcock & Wilcox Beijing
- Babcock-Hitachi Dongfang Boiler
- Beijing Beizhong
- Caterpillar
- Dongfang Electric Group
- GE
- Hangzhou Boiler
- Harbin Electric Group
- Hitachi
- Jinan Boiler
- Jieneng Group
- Nanjing Turbine
- ShengliOil Field ShengliPower Machinery
- Shanghai Electric Group
- Wuhan Turbine
- Wuxi Huaguang Boiler

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