Dallas, Texas (PRWEB) November 01, 2013
In recent years, the steadily growing population, higher living standards, and rapid industrialization have had a negative impact on the environment and the ecosystem. Consequently, the Chinese government has increased its focus on environmental issues such as GHG emissions and global warming. One of the major trends being witnessed in the Smart Grid market in China is the initiatives being taken by the government to reduce GHG. China has identified fossil fuel-based power generation as one of the major sources of GHG and has therefore induced various power plants to take steps to reduce these emissions. It has also shifted its focus to cleaner energy generation technologies. Consequently, an increase in investments in clean and RE power generation will boost the growth of the market since the RE sector is an integral part of the Smart Grid market in China - http://www.reportsnreports.com/reports/269929-smart-grid-market-in-china-2012-2016.html.
Analysts forecast the Smart Grid market in China to grow at a CAGR of 28.30 percent over the period 2012-2016. According to the report, one of the major drivers in this market is the increasing need for grid connection and management systems. In line with the Chinese government's plans, the SGCC and CSG are initiating steps to develop smart grids in China. The smart grid initiative of the SGCC, which commenced in 2011, will continue till 2020.
Further, the report states that one of the major challenges in this market is the high susceptibility of smart grids to cyber attacks. The software used in smart grids is highly susceptible to the threat of virus attacks and mishandling by engineers or operators. The main information control system in smart grids is exposed to security threats because of the regular usage of the internet and access through points for electrical and communication lines.
The Smart Grid Market in China 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report focuses on China; it also covers the Smart Grid market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
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The report recognizes the following companies as the key players in the Smart Grid Market in China: ABB Group, Alstom SA, GE Energy, and Schneider Electric Co.
Other vendors mentioned in the report are Accenture Inc., BPL Global, Cisco Systems Inc., China Singyes Solar Technologies Holding Ltd., Duke Energy, Echelon Corp., Freescale Semiconductor Inc., Holley Metering Ltd., HP Co., Huawei Technologies Co. Ltd., Moxa Inc., RuggedCom Inc., Shenzhen Clou Electronics Co. Ltd., Telvent DMS LLC, Toshiba Corp., Waison Group Ltd., XD Electric Group, and XJ Group Corp.
Key questions answered in this report:
1. What will the market size be in 2016 and what will the growth rate be?
2. What are the key market trends?
3. What is driving this market?
4. What are the challenges to market growth?
5. Who are the key vendors in this market space?
6. What are the market opportunities and threats faced by the key vendors?
7. What are the strengths and weaknesses of the key vendors?
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