China Smart Grid Market

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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024
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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024
 
China Smart Grid Market 
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Market Overview In 2016, China was the largest
electricity consumer in the world. China has been
facing serious environmental pollution causing
from the fossil fuel as the chief source of
energy supply. Thus, China has been shifting its
strategies towards accommodating intermittent
renewable energy, increasing efficiency, and
cultivating energy saving. Over the years China
has developed itself as the world largest smart
grid market, and has been attracting Foreign
Direct Investments (FDI) such as from General
Electric, Siemens, ABB, and others. It is
estimated that China over the next decade will
invest USD 75.0 billion in smart grid
infrastructure. In 2016, China smart grid market
was 1/3rd of the global smart grid market. In
2014, announcement on Climate Change and Clean
Energy Cooperation, to increase Chinas total
energy consumption to 20.0 by 2030 from
zero-emission sources, such as from wind, solar,
nuclear, and others has created opportunities for
the energy and power industry players. The State
Grid Corporation of China (SGCC) that serves
88.3 area of China has their major focus on the
Ultra High Voltage transmission to build a strong
smart grid. Goldstein Research analyst forecast
that the China smart grid market size is set to
reach USD 23.8 billion by 2024, expanding at a
CAGR of 19.25 over the forecast years. The
computer networking, increasing investments in
automated meters infrastructure to advance
two-way communication, software development,
government spending and more are some of the
factors which triggers the growth of China smart
grid market.   Browse Full Report _at_
https//www.goldsteinresearch.com/report/china-sma
rt-grid-market-analysis
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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024

• China Smart Grid Market Outlook Segmentation
• By Hardware
• Smart Meter
• Sensors
• PLC (Programmable Logic Controller)
• Networking Hardware
• By Software
• Advanced Metering Infrastructure Software
• Grid IT and Asset Management System Software
• Smart Grid Communication Software
• Cyber security Software
• Distribution Automation Software
• By Services

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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024
Based on Geography Tier-1 Cities (Beijing,
Shanghai, Guangzhou, Shenzhen) Smart grid
Market Tier-2 Cities (Wuhan, Foshan, Chongqing,
Chengdu) Smart grid Market Tier-3 Cities (Yulin,
Leshan, Ziyang, Yongzhou) Smart grid
Market Tier-4 Cities (Gongzhuling, Linfen, Liuan,
Meishan, Zhaotong) Smart grid Market Rest of
China Smart grid Market By Target
Audience Electricity Producers and Suppliers Raw
Material Suppliers (Water, Coal, etc) Government
/Public Agencies Smart Grid Hardware
Manufacturers Smart Grid Software
Developers Infrastructural Authorities Download
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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024

On the basis of hardware, smart meters has the
largest market share of 38.3 in 2016 in overall
China smart grid market, and it is expected to
remain same by growing at a rate of 5.7
annually. A smart meter is an important hardware
for the efficient operations of smart grid as it
ensures two way communications for the supply of
electricity in order to reduce wastage and
fluctuations. In China, smart metering
infrastructure software segment grown up by 8.3
in 2016 on account of smart meters market
growth. Smart grid market outlook 2016-2024, has
been prepared based on an in-depth market
analysis from industry experts. The report covers
the competitive landscape and current position of
major players in the smart grid market. The
report also includes porters five force model,
SWOT analysis, company profiling, business
strategies of market players and their business
models. China smart grid market report also
recognizes value chain analysis to understand the
cost differentiation to provide competitive
advantage to the existing and new entry players.
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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024
Smart Grid Market Trends, Drivers and
Challenges China is bringing in various policies
for the power sector to increase the power
generation from zero emission renewable
resources. Nation is reducing the coal
consumption for power generation, being the major
source, which in turn pushing the use of
renewable resources emitting zero carbon as well
as on smart grid technologies and services. This
government policy along with financial support
creates huge opportunity for the smart grid
industry players to expand their operation in
China. According to the report, major driving
factor for the growth of smart grid market is the
government investments in the modernization of
Chinas electricity infrastructure based on smart
as well as strong power grids. Since 2014, China
had smart meters tenders for 18.7 million units
as one factor to make grids as smart and it has
installed 30,000 km ultra-high voltage
transmission line, making the grids
strong. China Smart Grid Market Analysis Based
on geography, tier-1 cities has the major share
of 62.1 in 2016 on the back of building smart
cities powered by supply of electricity through
smart grids such as in Beijing. The tier-2 cities
are on the path of developing themselves into
smart cities, and thus over next decade it
presence of smart grid power supply will increase
at a rate of 7.2 annually.
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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024
About Goldstein Research Based in U.S., Goldstein
Research is a young business consulting company
and market research firm with vast reach across
America, Asia and parts of Europe and the Middle
East. In the next five years, we strive to
expand our reach to 50 nations spanning across
Europe, Asia and parts of the Middle East and
Africa. We strive to realize a strong brand
presence globally through our industry analysis
reports in various sectors along with energy and
resources industry. With 30 domain experts and
50 employees working day and night to crunch
numbers and bring out the best and detailed
market reports and forecasts, we strive to enable
you to foresee upcoming market challenges and
develop a robust business model and strategies,
which would add to your profitability and market
visibility as a brand. Our mission is simple to
develop insightful business solutions, help our
clients make powerful future decisions to keep
them well ahead of the game which is the market,
and leave a mark across businesses and
communities through our well-defined ideas and
clear cut forecasts. Our mission is simple to
develop insightful business solutions, help our
clients make powerful future decisions to keep
them well ahead of the game which is the market,
and leave a mark across businesses and
communities through our well-defined ideas and
clear cut forecasts.
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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024
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China Smart Grid Market Report - Industry Size
Analysis Forecast 2016-2024
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