China Smart Grid Market Prospects Discussed by Kuick Research in New Report Published at MarketPublishers.com
LONDON – China is primed to be the globe’s biggest smart grid market. Over the next decade, the country is expected to spend USD 200 billion on grid infrastructure, commensurate with the plans and goals of the State Grid Corporation of China of building the smart grid all over China by 2020.
The big change in the Chinese power grid universe has seen the deployment of interactive technologies, encompassing smart meters for homes and businesses. The smart meters market segment is one of the smallest segments of the national smart grid marketplace, in terms of technology. In unit terms, the market for single-phase meters which serve residential houses and small and medium-sized businesses is growing, which is currently extremely fragmented with the country’s leading three companies – Linyang Electronics, Ningbo Sanxing, and Wasion Group – together capturing less than 6% market share in single-phase meters.
The smart meter market space is growing in China, but there has been price drop. It is expected that new technical standards for smart meters – to be introduced in 2013-2014 – will help the market enjoy considerable unit shipment growth, particularly with conventional traditional electricity meters to be mainly phased out by end-2016.
New research report “China Smart Grid Market Outlook 2018” worked out by Kuick Research provides unprejudiced insight into the latest developments in the Chinese smart grid world.
The study provides a deep investigation of the national orphan drug market, covering its key segments. It gives an overview of the power sector and electricity grid network, examines the government’s operating framework towards the adoption of smart grid technology, including a thorough discussion of the national smart grid adoption plan. The report scrutinizes the smart grid market dynamics, including key drivers, challenges and opportunities. The research report also analyses the competitive scene by profiling the top companies in the field – Huawei, ZTE, FiberHome Technologies, Jiangsu Linyang Electronics, Waision Group Holdings Limited, and Shenzhen Clou Electronics.
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