From 2012 to 2016, China's smart grid market will achieve a compound annual growth rate of 28.3%.
[China Cable Network] A leading international market research firm, MarketResearchReports.Biz, recently released its 2012-2016 China Smart Grid Market Research Report.
The report states that from 2012 to 2016, China's smart grid market is expected to achieve a compound annual growth rate of 28.3%, driven primarily by rising demand for grid connection and management systems. However, environmental concerns will also pose significant challenges to the market's growth.
This research report is based on in-depth studies and analyses of industry expert opinions and market trends, with a primary focus on the future scale and growth prospects of China's smart grid market over the next few years.
The report highlights key smart grid suppliers including ABB Group, Alstom, GE Energy, Schneider Electric Ltd., BPL Global, Accenture, Cisco Systems, China Xingye Solar Technology Holdings Ltd., Duke Energy, Echelon Corporation, Freescale Semiconductor, Holley Group Co., Ltd., HP Inc., Huawei Technologies Co., Ltd., MOXA, Rockwell Automation, Wison Group Ltd., Shenzhen Kelong Electronics Co., Ltd., Telvent DMS, Toshiba Corporation, XD Electric Group, and Xuji Group, among others.
A smart grid is the intelligent evolution of the traditional power grid. Built upon an integrated, high-speed, two-way communication network, it leverages advanced sensing and measurement technologies, cutting-edge equipment systems, sophisticated control methods, and state-of-the-art decision-support system technologies. Through these innovations, the smart grid aims to achieve reliability, safety, cost-effectiveness, operational efficiency, environmental sustainability, and user-friendly energy delivery—while also enabling self-healing capabilities, empowering consumers, enhancing resilience against cyberattacks, delivering superior power quality that meets 21st-century user needs, seamlessly integrating diverse energy generation sources, fostering vibrant electricity markets, and optimizing the efficient operation of grid assets.
(This article is translated from Cableabc International Website www.cableabc.net; please credit the source when reprinting.)
