TABLE OF CONTENTS
SECTION PAGE
INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
Economic Overview 4
Recent Economic Performance 5
Economic Outlook 7
Demographic Overview 10
Population 10
Households 13
Banking System & Regulations 14
Currency Exchange Rates 19
Industrialization & Manufacturing Trends 23
Gross Fixed Capital Formation Outlook 25
Construction Outlook 26
Residential Building Construction 30
Nonresidential Building Construction 32
Nonbuilding Construction 33
Electric Power Sector Overview 35
Electricity Generating Capacity 35
Electricity Generation 37
Electricity Distribution 40
Electricity Consumption 42
Environmental & Other Regulatory Considerations 43
The Eleventh Five-Year Plan 46
World Wind Turbine System Demand 47
Foreign Trade 49
III. WIND TURBINE SYSTEMS 51
General 51
Wind Power Systems 52
Types of Wind Power Systems 54
Horizontal Axis 55
Vertical Axis 56
Wind Turbine System Components 58
Nacelle 61
Generator & Power Electronics 62
Gearbox & Drivetrain 64
Frame & Cover 66
Other 67
Rotor System 69
Blades 71
Hub Assemblies 73
Pitch Mechanisms & Bearings 73
Nose Cone 74
Towers 75
Monopole 75
Lattice 77
Balance of System Components 77
IV. APPLICATIONS 79
General 79
Electricity Generation by Application 80
Utility-Scale 81
Distributed 83
Electricity Generation by Location 85
Onshore 85
Offshore 87
V. REGIONAL TRENDS 90
General 90
Regional Demographic & Economic Trends 92
Population Patterns 93
Economic Outlook 95
Regional Manufacturing Production Outlook 96
Regional Gross Fixed Capital Formation Outlook 98
Regional Construction Outlook 99
Regional Electricity Consumption 101
Regional Demand for Wind Turbine Systems 102
Central-North 105
Overview 105
Wind Turbine System Demand 107
Northeast 109
Overview 109
Wind Turbine System Demand 111
Central-East 113
Overview 113
Wind Turbine System Demand 115
Central-South 117
Overview 117
Wind Turbine System Demand 119
Southwest 121
Overview 121
Wind Turbine System Demand 123
Northwest 125
Overview 125
Wind Turbine System Demand 126
VI. INDUSTRY STRUCTURE 129
General 129
Industry Composition 129
Market Share 132
Product Development & Manufacturing 135
Marketing & Distribution 136
Cooperative Agreements 139
Foreign Participation in the Chinese Market 144
Legal & Regulatory Issues 145
Joint Ventures 147
Wholly Owned Foreign Enterprises 149
Representative Offices 150
Company Profiles 151
ABB Limited 152
Acciona SA 154
American Superconductor Corporation 155
Bergey WindPower Company 157
China Aviation Industry Corporation 158
China CNR Corporation Limited 159
China Composites Group Corporation Limited 160
China High Speed Transmission Equipment Group 161
China National Materials Group Corporation 162
China Shipbuilding Industry Corporation 163
China Wind Systems Incorporated 164
Chongqing Gearbox, see China Shipbuilding Industry
DHI DCW Group Company Limited 166
Dongfang Electric Corporation 167
Gamesa Corporacion Tecnologica SA 168
General Electric Company 170
Goldwind Science & Technology Company Limited 172
Guangdong Mingyang Electric Group Company Limited 174
Hangzhou Advance Gearbox Group Company Limited 175
Hansen Transmissions International, see Suzlon Energy
Huayi Electric Apparatus Group Company Limited 176
Hunan ZKENERGY Science & Technology Company 177
LM Glasfiber Holding A/S 178
Luoyang LYC Bearing Company Limited 179
Mitsubishi Heavy Industries Limited 180
Ningbo Air-Yunsheng Wind Turbine,
see Southwest Windpower
Nordex AG 182
NSK Limited 185
REpower Systems, see Suzlon Energy
Shanghai Electric Group Company Limited 186
Shanghai Prime Machinery Company Limited 188
Siemens AG 190
Sinovel Wind, see DHI DCW Group
SKF AB 193
Southwest Windpower Incorporated 195
Suzlon Energy Limited 197
ThyssenKrupp AG 200
Timken Company 202
TPI Composites Incorporated 204
Vestas Wind Systems A/S 205
Winergy Drive Systems, see Siemens
Xuzhou Rothe Erde Ring Mill, see ThyssenKrupp
Xuzhou Rothe Erde Slewing Bearing, see ThyssenKrupp
Yangzhou Shenzhou Wind-Driven Generator
Company Limited 208
Yongji Xinshisu Electric Equipment, see China CNR
Zhejiang HeWind, see Huayi Electric Apparatus Group
Zhejiang Tianma Bearing Company Limited 209
Zhejiang Windey Wind Generating Engineering
Company Limited 210
Zhonghang Baoding Huiteng Windpower Equipment, see
China Aviation Industry
Other Companies Mentioned in the Study 211
Key Government Agencies & Industry Organizations 213
LIST OF TABLES
TABLE NUMBER PAGE
SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 Gross Domestic Product of China 9
2 Population of China 12
3 Households in China by Region 14
4 Interest Rates in China, 1998-2008 18
5 Chinese Currency Exchange Rates, 1998-2008 22
6 Manufacturing Value Added in China 25
7 Gross Fixed Capital Formation in China 26
8 Construction Expenditures in China 29
9 Electricity Generating Capacity in China 36
10 Electricity Generation in China 40
11 Electric Grid Investment in China 42
12 Electricity Consumption in China by End User 43
13 World Wind Turbine System Demand 48
14 Trends in Chinese Foreign Trade in Wind Turbine Systems 50
SECTION III -- WIND TURBINE SYSTEMS
1 Wind Turbine System Market in China 54
2 Wind Turbine System Demand in China by Type 55
3 Wind Turbine System Demand in China by Component 60
4 Wind Turbine Nacelle Demand in China by Component 62
5 Generator & Power Electronics Demand in China 64
6 Gearbox & Drivetrain System Demand in China 65
7 Nacelle Frame & Cover Demand in China 67
8 Other Nacelle Components Demand in China 69
9 Wind Turbine Rotor System Demand in China by Component 71
10 Wind Turbine System Tower Demand in China 75
11 Wind Turbine Balance of System Component Demand in China 78
SECTION IV -- APPLICATIONS
1 Wind Turbine System Demand in China
by Application & Location 80
2 Utility-Scale Wind Turbine System Demand in China 83
3 Distributed Wind Turbine System Demand in China 85
4 Onshore Wind Turbine System Demand in China 87
5 Offshore Wind Turbine System Demand in China 89
SECTION V -- REGIONAL TRENDS
1 Population of China by Region 94
2 Gross Domestic Product of China by Region 96
3 Manufacturing Value Added in China by Region 97
4 Gross Fixed Capital Formation in China by Region 99
5 Construction Expenditures in China by Region 101
6 Electricity Consumption in China by Region 102
7 Wind Turbine System Demand in China by Region 104
8 Central-North Region of China: Wind Turbine System Demand 109
9 Northeast Region of China: Wind Turbine System Demand 113
10 Central-East Region of China: Wind Turbine System Demand 117
11 Central-South Region of China: Wind Turbine System Demand 121
12 Southwest Region of China: Wind Turbine System Demand 124
13 Northwest Region of China: Wind Turbine System Demand 128
SECTION VI -- INDUSTRY STRUCTURE
1 Revenue Data: Selected Wind Turbine Companies, 2008 131
2 Selected Cooperative Agreements 140
LIST OF CHARTS
CHART NUMBER PAGE
SECTION II -- MARKET ENVIRONMENT
1 Population of China by Age, 1998-2018 12
2 Interest Rates in China, 1998-2008 19
3 Chinese Currency Exchange Rates, 1998-2008 22
SECTION III -- WIND TURBINE SYSTEMS
1 Wind Turbine System Demand in China by Component, 2008 60
SECTION V -- REGIONAL TRENDS
1 Wind Turbine System Demand in China by Region, 2008 105
2 Central-North Region of China 107
3 Northeast Region of China 111
4 Central-East Region of China 115
5 Central-South Region of China 119
6 Southwest Region of China 123
7 Northwest Region of China 126
SECTION VI -- INDUSTRY STRUCTURE
1 Wind Turbine System Market Share in China
by Company, 2008 132
