B2B drives market demand, with B2B spending representing 88.6% of total demand in 2020. State Grid Corp of China is the largest company in China, generating 40.9% of the industry’s total turnover in 2020. The industry is fragmented, with the top three companies generating 44.7% of total turnover in 2020. The total number of companies increases in 2020, to 64,729 units. The costs of the industry increase by 3.4% in 2020, largely driven by rising B2B costs. The industry’s profitability increases and stands at 21.0% of turnover in 2020, the 17th highest in the region. With turnover of USD1.1 trillion, China accounts for 67.9% of the Asia Pacific total in 2020.
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This Euromonitor industrial report provides unique information on Electricity in China: ISIC 401. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Electricity in China: ISIC 401 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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