China Smart Grid Market Report By Hardware (Smart Meter, Sensors, PLC, Networking Hardware), By Software (Advanced Metering Infrastructure Software, Cyber Security Software), By Services (Consulting Services, Maintenance, & Integration) - Industry Size Analysis & Forecast 2016-2024

China Smart Grid Market 

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 1/3^rd of the global smart grid market. In 2014, announcement on Climate Change and Clean Energy Cooperation, to increase China’s 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.  

Covered in This China Smart Grid Market Report

The report covers the present ground scenario and the future growth prospects of the smart grid market for 2016-2024 along with the sales and revenue from the smart grid. We calculated the market size and revenue share on the basis of revenue generated from major players across China. We have forecast the market on the basis of government spending on smart grid, FDI in China for smart grid infrastructure, supply of electricity through smart grids.

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

• Consulting Services
• Integration and Installation Services
• Maintenance Services

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

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 porter’s 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.

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 China’s 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.

However, high cost of infrastructure and infrastructural set-up time are the two major challenges for the smart grid industry players in China. Planning, dispatch, operation, and security of power grids to accommodate large amount of renewable energy into grids is a big task for the authorities to continuously monitor the assets. These requirements are beyond the capacity of traditional grids affecting the electricity supply as per demand from various sources.

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.

Key Players

China smart grid market report comprises of the following companies as the key players in the smart grid market: General Electric, Siemens, ABB, Gridpoint, Cisco, IBM, KEMA, Berkeley Lab, Accenture.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this China Smart Grid Market Report

• What is the total market size by 2024 and what would be the expected growth rate?
• What is the revenue of China smart grid market in 2015-16 and what would be the expected demand over the forecasted period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who all are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

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