China - Smart Grid Market by Application, End-user, and Geography - Forecast and Analysis 2023-2027
| Published: Oct 2023 | Pages: 131 | SKU: IRTNTR75670 |
Smart Grid Market in China by Application, and End-User - Forecast 2023-2027
The smart grid market in China size is forecast to increase by USD 13.96 billion between 2022 and 2027, accelerating at a CAGR of 14.34%. The report offers extensive research analysis on the Smart Grid Market in China, with a categorization based on Application, including Smart T and D equipment, Communication and wireless infrastructure, Software and hardware, Sensors, and Others. It further segments the market by End-user, encompassing Utility, Industrial, Commercial, and Residential. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
What will be the Size of the Smart Grid Market In China During the Forecast Period?
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Smart Grid Market in China Analysis
Transition to smart grids is a major driver for the growth of the market during the forecast period. Generally, a smart grid is an integrated network that connects all the power network assets, namely generation, transmission, distribution, and consumption. A main feature of a smart grid includes its ability to generate large volumes of data. Furthermore, in China, the power utility sector is undergoing a major change from a rigid structure to a more flexible system, which is driven by climate change policies, urbanization, and technological breakthroughs.
Such a paradigm shift in the power sector is achieved by the deployment of advanced metering infrastructure (AMI) and supervisory control and data acquisition (SCADA) systems. This ensures the integration of smart technologies into the grid, thereby enabling utilities to have greater control over the functioning of the grid. Hence, owing to the advantages of smart grids, it is anticipated that the Smart Grid Market in China is expected to grow positively during the forecast period.
Smart Grid Market in China Segment Trends
Smart T&D Equipment holds the Largest Market Share
The market share growth by the smart T&D equipment segment is significant during the forecast period. Smart transmission and distribution (T&D) equipment is undergoing a transition with the introduction of digital technologies into the grid. The segment is majorly driven by the need for efficiency and improved reliability, and the integration of diverse power generation sources.
The smart T&D equipment segment was estimated to account for USD 3.35 billion in 2017. The traditional grid was designed to manage continuous power from sources like coal, however, countries such as China focus on newer alternative sources of power generation, which are also intermittent. This, in turn, harnesses the full potential of renewable power, and providing a continuous power supply requires utilities to have a flexible power supply system. Hence, such factors are expected to drive the segment and, in turn, the market during the forecast period.
Smart Grid Market in China - Revenue Share by Application Segment, 2017 - 2027.
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Smart Grid Market in China Companies Overview
The Smart Grid Market in China is fragmented in nature. Some significant players include ABB Ltd., Cisco Systems Inc., General Electric Co., Huawei Technologies Co. Ltd., International Business Machines Corp., KPMG International Ltd.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
McKinsey and Co., Shenzhen Clou Electronics Co., Siemens AG, Silicon Laboratories Inc., and ZTE Corp.
Segment Overview
The smart grid market in China report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
- Application Outlook (USD Billion, 2017 - 2027)
- Smart T&D equipment
- Communication and wireless infrastructure
- Software and hardware
- Sensors
- Others
- End-user Outlook (USD Billion, 2017 - 2027)
- Utility
- Industrial
- Commercial
- Residential
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Smart Grid Market In China Scope |
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Report Coverage |
Details |
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Page number |
131 |
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Base year |
2022 |
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Historic period |
2017 - 2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 14.34% |
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Market growth 2023-2027 |
USD 13.96 billion |
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Market structure |
Concentrated |
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YoY growth 2022-2023(%) |
13.52 |
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Key countries |
China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
ABB Ltd., Cisco Systems Inc., General Electric Co., Huawei Technologies Co. Ltd., International Business Machines Corp., KPMG International Ltd., McKinsey and Co., Shenzhen Clou Electronics Co., Siemens AG, Silicon Laboratories Inc., and ZTE Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Smart Grid Market In China In Country Research Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market between 2023 and 2027
- Precise estimation of the size of the market size and its contribution of the market in focus to the parent market
- Accurate predictions about upcoming trends and changes in consumer behaviour
- Growth of the market industry across China
- Thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of market companies
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 07: Parent market
- Exhibit 08: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 09: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 10: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 11: Chart on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 12: Data Table on China - Market size and forecast 2022-2027 ($ billion)
- Exhibit 13: Chart on China: Year-over-year growth 2022-2027 (%)
- Exhibit 14: Data Table on China: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Smart grid market in China 2017 - 2021
- Exhibit 15: Historic Market Size – Data Table on smart grid market in China 2017 - 2021 ($ billion)
- 4.2 Application Segment Analysis 2017 - 2021
- Exhibit 16: Historic Market Size – Application Segment 2017 - 2021 ($ billion)
- 4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 17: Historic Market Size – End-user Segment 2017 - 2021 ($ billion)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 24: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Application
- 6.1 Market segments
- Exhibit 25: Chart on Application - Market share 2022-2027 (%)
- Exhibit 26: Data Table on Application - Market share 2022-2027 (%)
- 6.2 Comparison by Application
- Exhibit 27: Chart on Comparison by Application
- Exhibit 28: Data Table on Comparison by Application
- 6.3 Smart T and D equipment - Market size and forecast 2022-2027
- Exhibit 29: Chart on Smart T and D equipment - Market size and forecast 2022-2027 ($ billion)
- Exhibit 30: Data Table on Smart T and D equipment - Market size and forecast 2022-2027 ($ billion)
- Exhibit 31: Chart on Smart T and D equipment - Year-over-year growth 2022-2027 (%)
- Exhibit 32: Data Table on Smart T and D equipment - Year-over-year growth 2022-2027 (%)
- 6.4 Communication and wireless infrastructure - Market size and forecast 2022-2027
- Exhibit 33: Chart on Communication and wireless infrastructure - Market size and forecast 2022-2027 ($ billion)
- Exhibit 34: Data Table on Communication and wireless infrastructure - Market size and forecast 2022-2027 ($ billion)
- Exhibit 35: Chart on Communication and wireless infrastructure - Year-over-year growth 2022-2027 (%)
- Exhibit 36: Data Table on Communication and wireless infrastructure - Year-over-year growth 2022-2027 (%)
- 6.5 Software and hardware - Market size and forecast 2022-2027
- Exhibit 37: Chart on Software and hardware - Market size and forecast 2022-2027 ($ billion)
- Exhibit 38: Data Table on Software and hardware - Market size and forecast 2022-2027 ($ billion)
- Exhibit 39: Chart on Software and hardware - Year-over-year growth 2022-2027 (%)
- Exhibit 40: Data Table on Software and hardware - Year-over-year growth 2022-2027 (%)
- 6.6 Sensors - Market size and forecast 2022-2027
- Exhibit 41: Chart on Sensors - Market size and forecast 2022-2027 ($ billion)
- Exhibit 42: Data Table on Sensors - Market size and forecast 2022-2027 ($ billion)
- Exhibit 43: Chart on Sensors - Year-over-year growth 2022-2027 (%)
- Exhibit 44: Data Table on Sensors - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 45: Chart on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 46: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
- Exhibit 47: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 48: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Application
- Exhibit 49: Market opportunity by Application ($ billion)
- Exhibit 50: Data Table on Market opportunity by Application ($ billion)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 51: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 52: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 53: Chart on Comparison by End-user
- Exhibit 54: Data Table on Comparison by End-user
- 7.3 Utility - Market size and forecast 2022-2027
- Exhibit 55: Chart on Utility - Market size and forecast 2022-2027 ($ billion)
- Exhibit 56: Data Table on Utility - Market size and forecast 2022-2027 ($ billion)
- Exhibit 57: Chart on Utility - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Utility - Year-over-year growth 2022-2027 (%)
- 7.4 Industrial - Market size and forecast 2022-2027
- Exhibit 59: Chart on Industrial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 60: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 61: Chart on Industrial - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
- 7.5 Commercial - Market size and forecast 2022-2027
- Exhibit 63: Chart on Commercial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 64: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion)
- Exhibit 65: Chart on Commercial - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
- 7.6 Residential - Market size and forecast 2022-2027
- Exhibit 67: Chart on Residential - Market size and forecast 2022-2027 ($ billion)
- Exhibit 68: Data Table on Residential - Market size and forecast 2022-2027 ($ billion)
- Exhibit 69: Chart on Residential - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Residential - Year-over-year growth 2022-2027 (%)
- 7.7 Market opportunity by End-user
- Exhibit 71: Market opportunity by End-user ($ billion)
- Exhibit 72: Data Table on Market opportunity by End-user ($ billion)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 73: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Trends
- 9.1 Market drivers
- 9.2 Market challenges
- 9.3 Impact of drivers and challenges
- Exhibit 74: Impact of drivers and challenges in 2022 and 2027
- 9.4 Market trends
10 Vendor Landscape
- 10.1 Overview
- 10.2 Vendor landscape
- Exhibit 75: Overview on Criticality of inputs and Factors of differentiation
- 10.3 Landscape disruption
- Exhibit 76: Overview on factors of disruption
- 10.4 Industry risks
- Exhibit 77: Impact of key risks on business
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 78: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 79: Matrix on vendor position and classification
- 11.3 ABB Ltd.
- Exhibit 80: ABB Ltd. - Overview
- Exhibit 81: ABB Ltd. - Business segments
- Exhibit 82: ABB Ltd. - Key news
- Exhibit 83: ABB Ltd. - Key offerings
- Exhibit 84: ABB Ltd. - Segment focus
- 11.4 Cisco Systems Inc.
- Exhibit 85: Cisco Systems Inc. - Overview
- Exhibit 86: Cisco Systems Inc. - Business segments
- Exhibit 87: Cisco Systems Inc. - Key news
- Exhibit 88: Cisco Systems Inc. - Key offerings
- Exhibit 89: Cisco Systems Inc. - Segment focus
- 11.5 General Electric Co.
- Exhibit 90: General Electric Co. - Overview
- Exhibit 91: General Electric Co. - Business segments
- Exhibit 92: General Electric Co. - Key news
- Exhibit 93: General Electric Co. - Key offerings
- Exhibit 94: General Electric Co. - Segment focus
- 11.6 Huawei Technologies Co. Ltd.
- Exhibit 95: Huawei Technologies Co. Ltd. - Overview
- Exhibit 96: Huawei Technologies Co. Ltd. - Business segments
- Exhibit 97: Huawei Technologies Co. Ltd. - Key news
- Exhibit 98: Huawei Technologies Co. Ltd. - Key offerings
- Exhibit 99: Huawei Technologies Co. Ltd. - Segment focus
- 11.7 International Business Machines Corp.
- Exhibit 100: International Business Machines Corp. - Overview
- Exhibit 101: International Business Machines Corp. - Business segments
- Exhibit 102: International Business Machines Corp. - Key news
- Exhibit 103: International Business Machines Corp. - Key offerings
- Exhibit 104: International Business Machines Corp. - Segment focus
- 11.8 KPMG International Ltd.
- Exhibit 105: KPMG International Ltd. - Overview
- Exhibit 106: KPMG International Ltd. - Business segments
- Exhibit 107: KPMG International Ltd. - Key news
- Exhibit 108: KPMG International Ltd. - Key offerings
- Exhibit 109: KPMG International Ltd. - Segment focus
- 11.9 McKinsey and Co.
- Exhibit 110: McKinsey and Co. - Overview
- Exhibit 111: McKinsey and Co. - Product / Service
- Exhibit 112: McKinsey and Co. - Key offerings
- 11.10 Shenzhen Clou Electronics Co.
- Exhibit 113: Shenzhen Clou Electronics Co. - Overview
- Exhibit 114: Shenzhen Clou Electronics Co. - Product / Service
- Exhibit 115: Shenzhen Clou Electronics Co. - Key offerings
- 11.11 Siemens AG
- Exhibit 116: Siemens AG - Overview
- Exhibit 117: Siemens AG - Business segments
- Exhibit 118: Siemens AG - Key news
- Exhibit 119: Siemens AG - Key offerings
- Exhibit 120: Siemens AG - Segment focus
- 11.12 Silicon Laboratories Inc.
- Exhibit 121: Silicon Laboratories Inc. - Overview
- Exhibit 122: Silicon Laboratories Inc. - Product / Service
- Exhibit 123: Silicon Laboratories Inc. - Key news
- Exhibit 124: Silicon Laboratories Inc. - Key offerings
- 11.13 ZTE Corp.
- Exhibit 125: ZTE Corp. - Overview
- Exhibit 126: ZTE Corp. - Business segments
- Exhibit 127: ZTE Corp. - Key news
- Exhibit 128: ZTE Corp. - Key offerings
- Exhibit 129: ZTE Corp. - Segment focus
12 Appendix
- 12.1 Scope of the report
- 12.2 Inclusions and exclusions checklist
- Exhibit 130: Inclusions checklist
- Exhibit 131: Exclusions checklist
- 12.3 Currency conversion rates for US$
- Exhibit 132: Currency conversion rates for US$
- 12.4 Research methodology
- Exhibit 133: Research methodology
- Exhibit 134: Validation techniques employed for market sizing
- Exhibit 135: Information sources
- 12.5 List of abbreviations
- Exhibit 136: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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smart grid market in china market
Key Questions Answered
- What are the key global market and the regional market share?
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- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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