Smart Grid Market In China 2024-2028

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.

Technavio's smart grid market in china is segmented as below:

By Application
  • Smart T and D equipment
  • Communication and wireless infrastructure
  • Software and hardware
  • Sensors
  • Others
By End-user
  • Utility
  • Industrial
  • Commercial
  • Residential
By Geographical Landscape
  • APAC
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:
  • Smart grid market in china sizing
  • Smart grid market in china forecast
  • Smart grid market in china industry analysis
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.


1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Country Market Characteristics
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on China - Market size and forecast 2023-2028 ($ million)
Data Table on China - Market size and forecast 2023-2028 ($ million)
Chart on China: Year-over-year growth 2023-2028 (%)
Data Table on China: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Smart Grid Market in China 2018 - 2022
Historic Market Size - Data Table on Smart Grid Market in China 2018 - 2022 ($ million)
4.2 Application segment analysis 2018 - 2022
Historic Market Size - Application Segment 2018 - 2022 ($ million)
4.3 End-user segment analysis 2018 - 2022
Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Application
6.1 Market segments
Chart on Application - Market share 2023-2028 (%)
Data Table on Application - Market share 2023-2028 (%)
6.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
6.3 Smart T and D equipment - Market size and forecast 2023-2028
Chart on Smart T and D equipment - Market size and forecast 2023-2028 ($ million)
Data Table on Smart T and D equipment - Market size and forecast 2023-2028 ($ million)
Chart on Smart T and D equipment - Year-over-year growth 2023-2028 (%)
Data Table on Smart T and D equipment - Year-over-year growth 2023-2028 (%)
6.4 Communication and wireless infrastructure - Market size and forecast 2023-2028
Chart on Communication and wireless infrastructure - Market size and forecast 2023-2028 ($ million)
Data Table on Communication and wireless infrastructure - Market size and forecast 2023-2028 ($ million)
Chart on Communication and wireless infrastructure - Year-over-year growth 2023-2028 (%)
Data Table on Communication and wireless infrastructure - Year-over-year growth 2023-2028 (%)
6.5 Software and hardware - Market size and forecast 2023-2028
Chart on Software and hardware - Market size and forecast 2023-2028 ($ million)
Data Table on Software and hardware - Market size and forecast 2023-2028 ($ million)
Chart on Software and hardware - Year-over-year growth 2023-2028 (%)
Data Table on Software and hardware - Year-over-year growth 2023-2028 (%)
6.6 Sensors - Market size and forecast 2023-2028
Chart on Sensors - Market size and forecast 2023-2028 ($ million)
Data Table on Sensors - Market size and forecast 2023-2028 ($ million)
Chart on Sensors - Year-over-year growth 2023-2028 (%)
Data Table on Sensors - Year-over-year growth 2023-2028 (%)
6.7 Others - Market size and forecast 2023-2028
Chart on Others - Market size and forecast 2023-2028 ($ million)
Data Table on Others - Market size and forecast 2023-2028 ($ million)
Chart on Others - Year-over-year growth 2023-2028 (%)
Data Table on Others - Year-over-year growth 2023-2028 (%)
6.8 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
7 Market Segmentation by End-user
7.1 Market segments
Chart on End-user - Market share 2023-2028 (%)
Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Chart on Comparison by End-user
Data Table on Comparison by End-user
7.3 Utility - Market size and forecast 2023-2028
Chart on Utility - Market size and forecast 2023-2028 ($ million)
Data Table on Utility - Market size and forecast 2023-2028 ($ million)
Chart on Utility - Year-over-year growth 2023-2028 (%)
Data Table on Utility - Year-over-year growth 2023-2028 (%)
7.4 Industrial - Market size and forecast 2023-2028
Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Chart on Industrial - Year-over-year growth 2023-2028 (%)
Data Table on Industrial - Year-over-year growth 2023-2028 (%)
7.5 Commercial - Market size and forecast 2023-2028
Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Chart on Commercial - Year-over-year growth 2023-2028 (%)
Data Table on Commercial - Year-over-year growth 2023-2028 (%)
7.6 Residential - Market size and forecast 2023-2028
Chart on Residential - Market size and forecast 2023-2028 ($ million)
Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Chart on Residential - Year-over-year growth 2023-2028 (%)
Data Table on Residential - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Market opportunity by End-user ($ million)
Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
Impact of drivers and challenges in 2023 and 2028
9.4 Market opportunities/restraints
10 Competitive Landscape
10.1 Overview
10.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
10.3 Landscape disruption
Overview on factors of disruption
10.4 Industry risks
Impact of key risks on business
11 Competitive Analysis
11.1 Companies profiled
Companies covered
11.2 Market positioning of companies
Matrix on companies position and classification
11.3 ABB Ltd.
ABB Ltd. - Overview
ABB Ltd. - Business segments
ABB Ltd. - Key news
ABB Ltd. - Key offerings
ABB Ltd. - Segment focus
11.4 Atop Technologies
Atop Technologies - Overview
Atop Technologies - Product / Service
Atop Technologies - Key offerings
11.5 Cisco Systems Inc.
Cisco Systems Inc. - Overview
Cisco Systems Inc. - Business segments
Cisco Systems Inc. - Key news
Cisco Systems Inc. - Key offerings
Cisco Systems Inc. - Segment focus
11.6 dSPACE GmbH
dSPACE GmbH - Overview
dSPACE GmbH - Product / Service
dSPACE GmbH - Key offerings
11.7 General Electric Co.
General Electric Co. - Overview
General Electric Co. - Business segments
General Electric Co. - Key news
General Electric Co. - Key offerings
General Electric Co. - Segment focus
11.8 HONGFA
HONGFA - Overview
HONGFA - Product / Service
HONGFA - Key offerings
11.9 Huawei Technologies Co. Ltd.
Huawei Technologies Co. Ltd. - Overview
Huawei Technologies Co. Ltd. - Product / Service
Huawei Technologies Co. Ltd. - Key news
Huawei Technologies Co. Ltd. - Key offerings
11.10 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
11.11 KPMG International Ltd.
KPMG International Ltd. - Overview
KPMG International Ltd. - Business segments
KPMG International Ltd. - Key offerings
KPMG International Ltd. - Segment focus
11.12 McKinsey and Co.
McKinsey and Co. - Overview
McKinsey and Co. - Product / Service
McKinsey and Co. - Key offerings
11.13 Shanghai Electric Group Co.
Shanghai Electric Group Co. - Overview
Shanghai Electric Group Co. - Product / Service
Shanghai Electric Group Co. - Key offerings
11.14 Shenzhen Clou Electronics Co.
Shenzhen Clou Electronics Co. - Overview
Shenzhen Clou Electronics Co. - Product / Service
Shenzhen Clou Electronics Co. - Key offerings
11.15 Siemens AG
Siemens AG - Overview
Siemens AG - Business segments
Siemens AG - Key news
Siemens AG - Key offerings
Siemens AG - Segment focus
11.16 Silicon Laboratories Inc.
Silicon Laboratories Inc. - Overview
Silicon Laboratories Inc. - Product / Service
Silicon Laboratories Inc. - Key news
Silicon Laboratories Inc. - Key offerings
11.17 ZTE Corp.
ZTE Corp. - Overview
ZTE Corp. - Business segments
ZTE Corp. - Key offerings
ZTE Corp. - Segment focus
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
12.3 Currency conversion rates for US$
Currency conversion rates for US$
12.4 Research methodology
Research methodology
12.5 Data procurement
Information sources
12.6 Data validation
Data validation
12.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
12.8 Data synthesis
Data synthesis
12.9 360 degree market analysis
360 degree market analysis
12.10 List of abbreviations
List of abbreviations
Exhibits:
Exhibits1: Executive Summary - Chart on Market Overview
Exhibits2: Executive Summary - Data Table on Market Overview
Exhibits3: Executive Summary - Chart on Country Market Characteristics
Exhibits4: Executive Summary - Chart on Market Segmentation by Application
Exhibits5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits6: Executive Summary - Chart on Company Market Positioning
Exhibits7: Parent Market
Exhibits8: Data Table on - Parent Market
Exhibits9: Market characteristics analysis
Exhibits10: Value Chain Analysis
Exhibits11: Offerings of companies included in the market definition
Exhibits12: Market segments
Exhibits13: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits14: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits15: Chart on China: Year-over-year growth 2023-2028 (%)
Exhibits16: Data Table on China: Year-over-year growth 2023-2028 (%)
Exhibits17: Historic Market Size - Data Table on Smart Grid Market in China 2018 - 2022 ($ million)
Exhibits18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits20: Five forces analysis - Comparison between 2023 and 2028
Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits26: Chart on Market condition - Five forces 2023 and 2028
Exhibits27: Chart on Application - Market share 2023-2028 (%)
Exhibits28: Data Table on Application - Market share 2023-2028 (%)
Exhibits29: Chart on Comparison by Application
Exhibits30: Data Table on Comparison by Application
Exhibits31: Chart on Smart T and D equipment - Market size and forecast 2023-2028 ($ million)
Exhibits32: Data Table on Smart T and D equipment - Market size and forecast 2023-2028 ($ million)
Exhibits33: Chart on Smart T and D equipment - Year-over-year growth 2023-2028 (%)
Exhibits34: Data Table on Smart T and D equipment - Year-over-year growth 2023-2028 (%)
Exhibits35: Chart on Communication and wireless infrastructure - Market size and forecast 2023-2028 ($ million)
Exhibits36: Data Table on Communication and wireless infrastructure - Market size and forecast 2023-2028 ($ million)
Exhibits37: Chart on Communication and wireless infrastructure - Year-over-year growth 2023-2028 (%)
Exhibits38: Data Table on Communication and wireless infrastructure - Year-over-year growth 2023-2028 (%)
Exhibits39: Chart on Software and hardware - Market size and forecast 2023-2028 ($ million)
Exhibits40: Data Table on Software and hardware - Market size and forecast 2023-2028 ($ million)
Exhibits41: Chart on Software and hardware - Year-over-year growth 2023-2028 (%)
Exhibits42: Data Table on Software and hardware - Year-over-year growth 2023-2028 (%)
Exhibits43: Chart on Sensors - Market size and forecast 2023-2028 ($ million)
Exhibits44: Data Table on Sensors - Market size and forecast 2023-2028 ($ million)
Exhibits45: Chart on Sensors - Year-over-year growth 2023-2028 (%)
Exhibits46: Data Table on Sensors - Year-over-year growth 2023-2028 (%)
Exhibits47: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits48: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits49: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits50: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits51: Market opportunity by Application ($ million)
Exhibits52: Data Table on Market opportunity by Application ($ million)
Exhibits53: Chart on End-user - Market share 2023-2028 (%)
Exhibits54: Data Table on End-user - Market share 2023-2028 (%)
Exhibits55: Chart on Comparison by End-user
Exhibits56: Data Table on Comparison by End-user
Exhibits57: Chart on Utility - Market size and forecast 2023-2028 ($ million)
Exhibits58: Data Table on Utility - Market size and forecast 2023-2028 ($ million)
Exhibits59: Chart on Utility - Year-over-year growth 2023-2028 (%)
Exhibits60: Data Table on Utility - Year-over-year growth 2023-2028 (%)
Exhibits61: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits62: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits63: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits64: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits65: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits66: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits67: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits68: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits69: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits70: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits71: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits72: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits73: Market opportunity by End-user ($ million)
Exhibits74: Data Table on Market opportunity by End-user ($ million)
Exhibits75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits76: Impact of drivers and challenges in 2023 and 2028
Exhibits77: Overview on criticality of inputs and factors of differentiation
Exhibits78: Overview on factors of disruption
Exhibits79: Impact of key risks on business
Exhibits80: Companies covered
Exhibits81: Matrix on companies position and classification
Exhibits82: ABB Ltd. - Overview
Exhibits83: ABB Ltd. - Business segments
Exhibits84: ABB Ltd. - Key news
Exhibits85: ABB Ltd. - Key offerings
Exhibits86: ABB Ltd. - Segment focus
Exhibits87: Atop Technologies - Overview
Exhibits88: Atop Technologies - Product / Service
Exhibits89: Atop Technologies - Key offerings
Exhibits90: Cisco Systems Inc. - Overview
Exhibits91: Cisco Systems Inc. - Business segments
Exhibits92: Cisco Systems Inc. - Key news
Exhibits93: Cisco Systems Inc. - Key offerings
Exhibits94: Cisco Systems Inc. - Segment focus
Exhibits95: dSPACE GmbH - Overview
Exhibits96: dSPACE GmbH - Product / Service
Exhibits97: dSPACE GmbH - Key offerings
Exhibits98: General Electric Co. - Overview
Exhibits99: General Electric Co. - Business segments
Exhibits100: General Electric Co. - Key news
Exhibits101: General Electric Co. - Key offerings
Exhibits102: General Electric Co. - Segment focus
Exhibits103: HONGFA - Overview
Exhibits104: HONGFA - Product / Service
Exhibits105: HONGFA - Key offerings
Exhibits106: Huawei Technologies Co. Ltd. - Overview
Exhibits107: Huawei Technologies Co. Ltd. - Product / Service
Exhibits108: Huawei Technologies Co. Ltd. - Key news
Exhibits109: Huawei Technologies Co. Ltd. - Key offerings
Exhibits110: International Business Machines Corp. - Overview
Exhibits111: International Business Machines Corp. - Business segments
Exhibits112: International Business Machines Corp. - Key news
Exhibits113: International Business Machines Corp. - Key offerings
Exhibits114: International Business Machines Corp. - Segment focus
Exhibits115: KPMG International Ltd. - Overview
Exhibits116: KPMG International Ltd. - Business segments
Exhibits117: KPMG International Ltd. - Key offerings
Exhibits118: KPMG International Ltd. - Segment focus
Exhibits119: McKinsey and Co. - Overview
Exhibits120: McKinsey and Co. - Product / Service
Exhibits121: McKinsey and Co. - Key offerings
Exhibits122: Shanghai Electric Group Co. - Overview
Exhibits123: Shanghai Electric Group Co. - Product / Service
Exhibits124: Shanghai Electric Group Co. - Key offerings
Exhibits125: Shenzhen Clou Electronics Co. - Overview
Exhibits126: Shenzhen Clou Electronics Co. - Product / Service
Exhibits127: Shenzhen Clou Electronics Co. - Key offerings
Exhibits128: Siemens AG - Overview
Exhibits129: Siemens AG - Business segments
Exhibits130: Siemens AG - Key news
Exhibits131: Siemens AG - Key offerings
Exhibits132: Siemens AG - Segment focus
Exhibits133: Silicon Laboratories Inc. - Overview
Exhibits134: Silicon Laboratories Inc. - Product / Service
Exhibits135: Silicon Laboratories Inc. - Key news
Exhibits136: Silicon Laboratories Inc. - Key offerings
Exhibits137: ZTE Corp. - Overview
Exhibits138: ZTE Corp. - Business segments
Exhibits139: ZTE Corp. - Key offerings
Exhibits140: ZTE Corp. - Segment focus
Exhibits141: Inclusions checklist
Exhibits142: Exclusions checklist
Exhibits143: Currency conversion rates for US$
Exhibits144: Research methodology
Exhibits145: Information sources
Exhibits146: Data validation
Exhibits147: Validation techniques employed for market sizing
Exhibits148: Data synthesis
Exhibits149: 360 degree market analysis
Exhibits150: List of abbreviations

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