KEY FINDINGS
The China cellular glass market is evaluated to grow with a CAGR of 3.45% over the forecasting period. The accelerated rates of urbanization, the increasing use of gas for power generation, and rapid industrialization are among the key factors set to fuel the country’s market growth. The base year considered for the market study is 2020, and the estimated years are from 2021 to 2026.
MARKET INSIGHTS
Since gas is five times more expensive than coal, it is likely to remain an integral part of the energy mix in China. Besides, with the country’s economy proving to be relatively sluggish in 2019, coal is likely to return. Aligning with a recent report by the Global Energy Monitor, an additional 148 GW of coal-fired plants are either under suspension and expected to be revived across China or under active construction.
On the other hand, more than 50% of the nearly 5 million Chinese households are estimated to switch to non-gas heating, such as electricity and clean coal, in order to transition away from coal. Recent years have witnessed a rising focus on renewable energy projects, as well, with China leading the installed renewable power generation capacity worldwide. However, several installations still have little or no access to the national electricity grid. Hence, these factors are set to influence the cellular glass market growth in China during the forecast years.
COMPETITIVE INSIGHTS
Top companies operating in the market are SZECO Insulation Technology Co Ltd, Zhejiang Dehe Insulation Technology Co Ltd, Benarx, etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments