Smart Grid Market in China 2015-2019: Need for Energy Management / High Susceptibility of Smart Grids to Cyber Attacks / Growing Environmental Concerns
DUBLIN, Feb. 24, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/pxccj6/smart_grid_market) has announced the addition of the "Smart Grid Market in China 2015-2019" report to their offering.
TheSmart Grid market in China to grow at a CAGR of 22.7 percent over the period 2014-2019
Increased investment in the Renewable Energy sector is one of the major trends emerging in the market. The growing population, high living standards, and rapid industrialization have had a negative effect on the environment and ecosystem of China. Consequently, the Chinese government has increased its focus toward environmental concerns such as GHG emissions and global warming.
According to the report, the need for energy management is one of the key factors driving this market. Government and state utilities have started to adopt smart grids to reduce power outages and maintain a balance between electricity demand and supply.
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 virus attacks and mishandling by engineers or operators. The essential information of the control systems governing the smart grids can be exposed to security threats because of the increased use of internet technologies in these grids.
Based on application, the Smart Grid market in China is segmented into six:
- Smart T&D Equipment
- Communication and Wireless Infrastructure
- Software and Hardware
- Sensors
- Smart Meters
- Others
Key Vendors
- ABB Group
- Accenture
- Alstom
- GE Energy
- Schneider Electric
Other Prominent Vendors
- BPL Global
- Cisco Systems
- Duke Energy
- Echelon
- Freescale Semiconductor
- Holley Metering
- HP
- Huawei Technologies
- Moxa
- Shenzhen CLOU Electronics
- Toshiba
- XD Electric Group
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Introduction
- Market Landscape
- Market Segmentation by Application
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/pxccj6/smart_grid_market
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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