A smart grid is a power distribution system that is integrated with computer networking and intelligence capabilities. A smart grid enables two-way communication of electricity consumption information between customers and power grids, thereby providing value-added information pertaining to energy demand and energy consumption to end-users and power utilities. It efficiently monitors and controls power flows and manages the load to match real-time or near real-time power generation. One of the most significant features of a smart grid is that it enables distributed energy generation as well as integrated T&D between consumer devices and energy providers, facilitating efficient power management.
TechNavio's analysts forecast the Smart Grid market in China to grow at a CAGR of 22.7 percent over the period 2014-2019.
The report covers the present scenario and the growth prospects of the Smart Grid market in China for the period 2015-2018. Based on application, the Smart Grid market in China is segmented into six: Smart T&D Equipment, Communication and Wireless Infrastructure, Software and Hardware, Sensors, Smart Meters, and Others.
TechNavio's report, the Smart Grid Market in China 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the landscape of the Smart Grid market in China and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
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