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Smart Grid Market in China 2024-2028

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    Report

  • 145 Pages
  • July 2024
  • Region: China
  • TechNavio
  • ID: 5852498
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The smart grid market in china is forecasted to grow by USD 25.85 billion 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.

The 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
A robust vendor analysis within the report 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 report 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.

Table of Contents

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
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Country Market Characteristics
Exhibits 4: Executive Summary - Chart on Market Segmentation by Application
Exhibits 5: Executive Summary - Chart on Market Segmentation by End-user
Exhibits 6: Executive Summary - Chart on Company Market Positioning
Exhibits 7: Parent Market
Exhibits 8: Data Table on - Parent Market
Exhibits 9: Market characteristics analysis
Exhibits 10: Value Chain Analysis
Exhibits 11: Offerings of companies included in the market definition
Exhibits 12: Market segments
Exhibits 13: Chart on China - Market size and forecast 2023-2028 ($ million)
Exhibits 14: Data Table on China - Market size and forecast 2023-2028 ($ million)
Exhibits 15: Chart on China: Year-over-year growth 2023-2028 (%)
Exhibits 16: Data Table on China: Year-over-year growth 2023-2028 (%)
Exhibits 17: Historic Market Size - Data Table on Smart Grid Market in China 2018 - 2022 ($ million)
Exhibits 18: Historic Market Size - Application Segment 2018 - 2022 ($ million)
Exhibits 19: Historic Market Size - End-user Segment 2018 - 2022 ($ million)
Exhibits 20: Five forces analysis - Comparison between 2023 and 2028
Exhibits 21: Bargaining power of buyers - Impact of key factors 2023 and 2028
Exhibits 22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
Exhibits 23: Threat of new entrants - Impact of key factors in 2023 and 2028
Exhibits 24: Threat of substitutes - Impact of key factors in 2023 and 2028
Exhibits 25: Threat of rivalry - Impact of key factors in 2023 and 2028
Exhibits 26: Chart on Market condition - Five forces 2023 and 2028
Exhibits 27: Chart on Application - Market share 2023-2028 (%)
Exhibits 28: Data Table on Application - Market share 2023-2028 (%)
Exhibits 29: Chart on Comparison by Application
Exhibits 30: Data Table on Comparison by Application
Exhibits 31: Chart on Smart T and D equipment - Market size and forecast 2023-2028 ($ million)
Exhibits 32: Data Table on Smart T and D equipment - Market size and forecast 2023-2028 ($ million)
Exhibits 33: Chart on Smart T and D equipment - Year-over-year growth 2023-2028 (%)
Exhibits 34: Data Table on Smart T and D equipment - Year-over-year growth 2023-2028 (%)
Exhibits 35: Chart on Communication and wireless infrastructure - Market size and forecast 2023-2028 ($ million)
Exhibits 36: Data Table on Communication and wireless infrastructure - Market size and forecast 2023-2028 ($ million)
Exhibits 37: Chart on Communication and wireless infrastructure - Year-over-year growth 2023-2028 (%)
Exhibits 38: Data Table on Communication and wireless infrastructure - Year-over-year growth 2023-2028 (%)
Exhibits 39: Chart on Software and hardware - Market size and forecast 2023-2028 ($ million)
Exhibits 40: Data Table on Software and hardware - Market size and forecast 2023-2028 ($ million)
Exhibits 41: Chart on Software and hardware - Year-over-year growth 2023-2028 (%)
Exhibits 42: Data Table on Software and hardware - Year-over-year growth 2023-2028 (%)
Exhibits 43: Chart on Sensors - Market size and forecast 2023-2028 ($ million)
Exhibits 44: Data Table on Sensors - Market size and forecast 2023-2028 ($ million)
Exhibits 45: Chart on Sensors - Year-over-year growth 2023-2028 (%)
Exhibits 46: Data Table on Sensors - Year-over-year growth 2023-2028 (%)
Exhibits 47: Chart on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 48: Data Table on Others - Market size and forecast 2023-2028 ($ million)
Exhibits 49: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibits 50: Data Table on Others - Year-over-year growth 2023-2028 (%)
Exhibits 51: Market opportunity by Application ($ million)
Exhibits 52: Data Table on Market opportunity by Application ($ million)
Exhibits 53: Chart on End-user - Market share 2023-2028 (%)
Exhibits 54: Data Table on End-user - Market share 2023-2028 (%)
Exhibits 55: Chart on Comparison by End-user
Exhibits 56: Data Table on Comparison by End-user
Exhibits 57: Chart on Utility - Market size and forecast 2023-2028 ($ million)
Exhibits 58: Data Table on Utility - Market size and forecast 2023-2028 ($ million)
Exhibits 59: Chart on Utility - Year-over-year growth 2023-2028 (%)
Exhibits 60: Data Table on Utility - Year-over-year growth 2023-2028 (%)
Exhibits 61: Chart on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 62: Data Table on Industrial - Market size and forecast 2023-2028 ($ million)
Exhibits 63: Chart on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 64: Data Table on Industrial - Year-over-year growth 2023-2028 (%)
Exhibits 65: Chart on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits 66: Data Table on Commercial - Market size and forecast 2023-2028 ($ million)
Exhibits 67: Chart on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 68: Data Table on Commercial - Year-over-year growth 2023-2028 (%)
Exhibits 69: Chart on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits 70: Data Table on Residential - Market size and forecast 2023-2028 ($ million)
Exhibits 71: Chart on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 72: Data Table on Residential - Year-over-year growth 2023-2028 (%)
Exhibits 73: Market opportunity by End-user ($ million)
Exhibits 74: Data Table on Market opportunity by End-user ($ million)
Exhibits 75: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 76: Impact of drivers and challenges in 2023 and 2028
Exhibits 77: Overview on criticality of inputs and factors of differentiation
Exhibits 78: Overview on factors of disruption
Exhibits 79: Impact of key risks on business
Exhibits 80: Companies covered
Exhibits 81: Matrix on companies position and classification
Exhibits 82: ABB Ltd. - Overview
Exhibits 83: ABB Ltd. - Business segments
Exhibits 84: ABB Ltd. - Key news
Exhibits 85: ABB Ltd. - Key offerings
Exhibits 86: ABB Ltd. - Segment focus
Exhibits 87: Atop Technologies - Overview
Exhibits 88: Atop Technologies - Product / Service
Exhibits 89: Atop Technologies - Key offerings
Exhibits 90: Cisco Systems Inc. - Overview
Exhibits 91: Cisco Systems Inc. - Business segments
Exhibits 92: Cisco Systems Inc. - Key news
Exhibits 93: Cisco Systems Inc. - Key offerings
Exhibits 94: Cisco Systems Inc. - Segment focus
Exhibits 95: dSPACE GmbH - Overview
Exhibits 96: dSPACE GmbH - Product / Service
Exhibits 97: dSPACE GmbH - Key offerings
Exhibits 98: General Electric Co. - Overview
Exhibits 99: General Electric Co. - Business segments
Exhibits 100: General Electric Co. - Key news
Exhibits 101: General Electric Co. - Key offerings
Exhibits 102: General Electric Co. - Segment focus
Exhibits 103: HONGFA - Overview
Exhibits 104: HONGFA - Product / Service
Exhibits 105: HONGFA - Key offerings
Exhibits 106: Huawei Technologies Co. Ltd. - Overview
Exhibits 107: Huawei Technologies Co. Ltd. - Product / Service
Exhibits 108: Huawei Technologies Co. Ltd. - Key news
Exhibits 109: Huawei Technologies Co. Ltd. - Key offerings
Exhibits 110: International Business Machines Corp. - Overview
Exhibits 111: International Business Machines Corp. - Business segments
Exhibits 112: International Business Machines Corp. - Key news
Exhibits 113: International Business Machines Corp. - Key offerings
Exhibits 114: International Business Machines Corp. - Segment focus
Exhibits 115: KPMG International Ltd. - Overview
Exhibits 116: KPMG International Ltd. - Business segments
Exhibits 117: KPMG International Ltd. - Key offerings
Exhibits 118: KPMG International Ltd. - Segment focus
Exhibits 119: McKinsey and Co. - Overview
Exhibits 120: McKinsey and Co. - Product / Service
Exhibits 121: McKinsey and Co. - Key offerings
Exhibits 122: Shanghai Electric Group Co. - Overview
Exhibits 123: Shanghai Electric Group Co. - Product / Service
Exhibits 124: Shanghai Electric Group Co. - Key offerings
Exhibits 125: Shenzhen Clou Electronics Co. - Overview
Exhibits 126: Shenzhen Clou Electronics Co. - Product / Service
Exhibits 127: Shenzhen Clou Electronics Co. - Key offerings
Exhibits 128: Siemens AG - Overview
Exhibits 129: Siemens AG - Business segments
Exhibits 130: Siemens AG - Key news
Exhibits 131: Siemens AG - Key offerings
Exhibits 132: Siemens AG - Segment focus
Exhibits 133: Silicon Laboratories Inc. - Overview
Exhibits 134: Silicon Laboratories Inc. - Product / Service
Exhibits 135: Silicon Laboratories Inc. - Key news
Exhibits 136: Silicon Laboratories Inc. - Key offerings
Exhibits 137: ZTE Corp. - Overview
Exhibits 138: ZTE Corp. - Business segments
Exhibits 139: ZTE Corp. - Key offerings
Exhibits 140: ZTE Corp. - Segment focus
Exhibits 141: Inclusions checklist
Exhibits 142: Exclusions checklist
Exhibits 143: Currency conversion rates for US$
Exhibits 144: Research methodology
Exhibits 145: Information sources
Exhibits 146: Data validation
Exhibits 147: Validation techniques employed for market sizing
Exhibits 148: Data synthesis
Exhibits 149: 360 degree market analysis
Exhibits 150: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the smart grid market in China: 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..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is growing demand for energy and cost-efficiency."

According to the report, one of the major drivers for this market is the increasing focus on renewable energy integration.

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 a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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.
  • ZTE Corp.