By Reuters Staff
3 Min Read
BEIJING, Feb 2 (Reuters) - China is expected to use 6-7% more electricity in 2021 than last year, the China Electricity Council (CEC) forecast on Tuesday, despite concerns over a new coronavirus outbreak disrupting industrial activity.
China, the world’s second biggest economy, used 7.51 trillion kilowatt hours (kWh) of power last year, up 3.1% from 2019.
The CEC also expects China to add 180 gigawatts (GW) of new power generation capacity in 2021 to push the country’s total capacity to 2,370 GW, up 7.7% from a year ago.
Total installed non-fossil fuel capacity is forecast to reach 1,120 GW by the end of 2021, with about 140 GW being added this year, accounting for 47.3% of China’s energy mix.
Analysts have been left dumbfounded after China last month released official 2020 wind and solar installation figures that were seemingly too big to be true.
The Chinese National Energy Administration (NEA) “stunned the world” when it announced total wind and solar capacity additions of 120 gigawatts, according to Wood Mackenzie senior analyst Xiaoyang Li.
Notwithstanding uncertainty over COVID-19’s impact on the supply chain, China had been expected to report big numbers for last year. The International Energy Agency, for example, had predicted the country would add around 32 GW of wind and 50 GW of solar.
But the magnitude of the official figures caught even seasoned China watchers off guard. BloombergNEF had forecast 36 GW each of new solar and wind in 2020, and the official figure for PV capacity additions was 48 GW (AC).
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Wireless Charging Market worth $13.4 billion by 2026 - Exclusive Report by MarketsandMarkets
CHICAGO, Jan. 29, 2021 /PRNewswire/ According to the new market research report Wireless Charging Market with COVID-19 Impact by Implementation (Transmitters, Receivers), Technology (Magnetic Resonance, Inductive, Radio Frequency), Application (Consumer Electronics, Healthcare, Automotive), and Region - Global Forecast to 2026 , published by MarketsandMarkets, the overall Wireless Charging Market is expected to be valued at USD 4.5 billion in 2021 and projected to reach USD 13.4 billion by 2026, at a CAGR of 24.6% between 2021 and 2026. The driving factor for the growth of this market includes the rising adoption of wireless technology in consumer electronics, an increase in sales of electric vehicles, and the ability to charge multiple devices. However, compatibility issues restrict the growth of wireless charging in various industries.
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CHICAGO, Jan. 29, 2021 /PRNewswire/ According to the new market research report Wireless Charging Market with COVID-19 Impact by Implementation (Transmitters, Receivers), Technology (Magnetic Resonance, Inductive, Radio Frequency), Application (Consumer Electronics, Healthcare, Automotive), and Region - Global Forecast to 2026 , published by MarketsandMarkets™, the overall Wireless Charging Market is expected to be valued at USD 4.5 billion in 2021 and projected to reach USD 13.4 billion by 2026, at a CAGR of 24.6% between 2021 and 2026. The driving factor for the growth of this market includes the rising adoption of wireless technology in consumer electronics, an increase in sales of electric vehicles, and the ability to charge multiple devices. However, compatibility issues restrict the growth of wireless charging in various industries.