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Nov 15th, 2011
Energy-hungry China to fuel inverter powerhouses
Government support is set to spawn two or three vertically integrated giants in each industry relying on power electronics, explain Yole Développement’s Brice Le Gouic and Wenbin Ding. In just seven years between 2000 and 2007, China tripled its total electricity consumption from 1,081 TW h to 3,246 TW h, according to International Energy Agency (IEA) estimates.
In just seven years between 2000 and 2007, China tripled its total electricity consumption from 1,081 TW h to 3,246 TW h, according to International Energy Agency (IEA) estimates. As the country continues its phenomenal rate of economic growth, the IEA predicts that this figure will triple again by 2035. China’s Energy Research Institute predicts that oil demand will grow from 8.7 million barrels per day in 2010 to 13 million barrels per day in 2020, as increased prosperity mobilizes transport. And in 2009, the country’s overall energy consumption eclipsed the US to become the world’s highest, the IEA said. “The stakes are really high for energy today in China,” underlined Yole Développement analyst Brice Le Gouic. “It’s really important for the population and the country.”
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