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China focuses on smart grid market growth

25 Feb 2015

China’s smart grid market is expected to grow at a CAGR of 22.7% between 2014 and 2019.

One of the key factors driving the country’s expansion into the smart grid market is the need for energy management. Government and state utilities have started adopting smart grids to reduce power outages and maintain a balance between electricity supply and demand.

There has been a shift in focus within the country towards the environment and there has been an increase in investment in renewable energy and smart grids are a vital part of this progression.