Concentration analysis of wind turbine industry based on HHI index

Since 2013, the National Energy Administration has adopted a series of policy measures, including the release of the “12th Five-Year Plan” and “13th Five-Year Plan” for wind power, renewable energy and energy, etc., to promote the sustainable and healthy development of the industry. From 2014 to 2016, the newly added wind power grid-connected capacity in the country was 14.49 million kilowatts, 30.75 million kilowatts, and 23.37 million kilowatts, respectively.

Despite this, there is still some room for optimization in the wind power industry, and there are still many problems and challenges to be solved; the unremitting efforts of all wind power personnel are still required; there are still some issues worthy of consideration and exploration. It is against this background that this article discusses. By constructing the “HHI Index” (Herfindahl-Hirschman Index), the market characteristics of the wind power industry itself are analyzed.

The Herfindahl-Hirschman index is a comprehensive index that measures industry concentration. It refers to the sum of the squares of the total industry revenue or the percentage of total assets occupied by various market competitors in an industry, and is used to measure the change in market share, that is, the dispersion of the scale of manufacturers in the market. In the calculation process, it is expressed as the sum of the squares of the market shares of all companies in a particular market


Post time: May-27-2022