Dallas, Texas (PRWEB) April 04, 2014
China has emerged as the largest smart grid market in the world in recent years, given that the country is in the transition process of rebuilding its grid network to meet its power sector requirement and plans. The market presents strong growth opportunities given the fact that the State Grid Corp., the utility responsible for the majority of the country grid network, plans to invest more than US$ 200 Billion in upgradation of existing conventional grid infrastructure in smart grid infrastructure in future. The Chinese government has looked ahead in terms of the needs of the country’s grid development, especially the smart grid projects. Their support has been in the form of favorable rules that understood the situation and paved the way for the necessary changes and institutions.
Purchase a copy of this report at http://www.marketreportsonline.com/contacts/purchase.php?name=323467.
Given the fact that China is a major solar and hydropower generating nation and that its installed wind power capacity is highest in the world, smart grid technology would help its network to integrate the thermal and renewable energy supplies. This would make for a safe, stable and efficient grid that could transmit renewable energy power. China’s focus on renewable energy makes smart grid development a top priority since the renewable energy that it generates cannot be utilized in large scale without smooth grid transmission that comes from using smart grids.
China Smart Grid Market strategic agenda helps it to encourage the use of renewable energy and reduce the country's reliance on the polluting coal power generation. China aims to deliver generated power from developable hydropower sources located in the mountainous southwestern region, as well as wind and solar resources concentrated in the northwest. This indicates a centralized approach of generating and distributing power which needs an efficient transmission and distribution system. Moreover, individuals, households, small business and large enterprises have now caught on to the need and possibility of generating power from renewable sources. While this makes them self sufficient, it also brings the chance to feed back excess power into the system and of regulating usage during situations of low generation.
"China Smart Grid Market Outlook 2018” Report Highlights: Introduction to Smart Grid Market in China, Smart Grid Market by Segment, Power Sector & Electricity Grid Network Overview, Government Operational Framework towards Smart Grid Adoption, Smart Grid Market Dynamics: Challenges & Opportunities, China Smart Grid Adoption Plan & Competitive Landscape. Browse complete Table of Contents at http://www.marketreportsonline.com/323467-toc.html.
Related Reports on Energy and Power Market:
Photovoltaic Generator Market in India 2014 at http://www.marketreportsonline.com/322282.html.
Australia Oil and Gas Report Q2 2014 at http://www.marketreportsonline.com/322524.html.
MarketReportsOnline.com is an online database of regional industry research reports, company profiles and SWOT analysis studies for multiple industries, organizations and market segments. Our sales and research experts offer 24 X 7 support to our customers through phone and email communication. Not limited to the Energy and Power industry, MarketReportsOnline.com offers research studies on agriculture, travel & hospitality, food and beverages, consumer goods, environment, healthcare, retail, agriculture, chemicals, pharmaceuticals, semiconductor and electronics, advanced materials, medical devices and much more.