Smart Grid Market size in China to grow by USD 13.96 billion from 2022 to 2027|ABB Ltd., Cisco Systems Inc., General Electric Co., Huawei Technologies Co. Ltd. and more among the key companies in the market - Technavio
A smart grid is generally an integrated network that combines all the power network assets, namely generation, transmission, distribution, and consumption.
- A smart grid is generally an integrated network that combines all the power network assets, namely generation, transmission, distribution, and consumption.
- A major component of a smart grid possesses its ability to generate considerable volumes of data.
- This ensures the integration of smart technologies into the grid, thereby allowing utilities to have greater control over the functioning of the grid.
- Therefore, due to the advantages of smart grids, it is expected that the Smart Grid Market in China is anticipated to grow during the forecast period.