China Electric Power Distribution Automation Systems Market Forecast 2022-2028

China Electric Power Distribution Automation Systems Market Forecast 2022-2028

KEY FINDINGS

The China electric power distribution automation systems market is projected to register a CAGR of 9.00% during the forecast period, 2022-2028. The thriving distribution grid power in China is set to facilitate the growth of the market analyzed.

MARKET INSIGHTS

In China, the electricity transmission and distribution industry revenue is set to increase through 2021. Also, the economic developments and enhanced living standards have led to increased electricity demands. Electricity generation is projected to grow at 5.7% in the next five years. In addition, the growing electricity charges and the completion of the nationwide transmission network boost market prospects.

Further, the country is a fast-growing and the largest market for distribution and transmission in Asia-Pacific. Also, the rising investments in renewable energy and ultra-high voltage projects contribute to market growth. Additionally, the growing emphasis on clean energy and the rising electricity demand have led to the refurbishment of outdated transmission systems and new generation projects in the country. This is expected to further raise the demand for substation automation.

With grids becoming smart, more distributed, and digital, utility automation, EV charging infrastructure, and smart meters make up over 15% of the total expenditure. For instance, the China Southern Power Grid has announced to invest over $3 billion in the next four years in charging infrastructure.

COMPETITIVE INSIGHTS

Some of the key market players include Hitachi Ltd, S&C Electric Company, Itron Inc, Mitsubishi Electric Corporation, SIEMENS AG, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments