PUBLISHER: TechNavio | PRODUCT CODE: 1525086
PUBLISHER: TechNavio | PRODUCT CODE: 1525086
Global Smart Grid Market In China 2024-2028
The smart grid market in china is forecasted to grow by USD 25851.7 mn during 2023-2028, accelerating at a CAGR of 20.65% during the forecast period. The report on the smart grid market in china provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing focus on renewable energy integration, strict regulations by governments to reduce carbon emissions, and rapid adoption of smart grid technology.
Market Scope | |
---|---|
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 15.57% |
CAGR | 20.65% |
Incremental Value | $25851.7mn |
Technavio's smart grid market in china is segmented as below:
By Application
By End-user
By Geographical Landscape
This study identifies the growing demand for energy and cost-efficiency as one of the prime reasons driving the smart grid market in china growth during the next few years. Also, increasing investment by vendors and growing use of smart devices and applications by utility companies will lead to sizable demand in the market.
The report on the smart grid market in china covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart grid market in china vendors that include ABB Ltd., Atop Technologies, Cisco Systems Inc., dSPACE GmbH, General Electric Co., HONGFA, Huawei Technologies Co. Ltd., International Business Machines Corp., KPMG International Ltd., McKinsey and Co., Shanghai Electric Group Co., Shenzhen Clou Electronics Co., Siemens AG, Silicon Laboratories Inc., and ZTE Corp.. Also, the smart grid market in china analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
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 an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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