China Smart Grid Network Market - Growth, Trends, and Forecasts

Power grids are available in all regions within China, and they have already been interconnected. According to the China Electricity Council, in 2019, trans-regional transmission's national capacity reached 136.15 GW, of which the trans-regional grid-to-grid transmission capacity reached 122.81 GW, and trans-regional point-to-grid transmission capacity reached 13.34 GWSubstations are one of the most critical parts of an electrical energy system with many costly equipment and operations. These substations are increasingly being used with smart automation techniques instead of manual data processing, leading to fast and accurate operation of the resulting automated system and guarantees a reliable electricity network and feedback data. The rise of electricity demand and increasing emphasis on clean energy, leading to new-generation projects and the refurbishment of outdated transmission systems in China, is expected to increase the demand for substation automation in the coming yearsChina was the first country to be affected by the COVID-19 pandemic, which led to the decreased demand for power from the industrial and commercial sectors. According to the IEA, the electricity demand in China dropped under lockdown in January, and further strongly in February (-13% compared to February 2019). However, as lockdowns eased and industrial activities starting resuming, in May 2020 and June 2020, the electricity demand in China recovered completely and was even higher than last year's levels. Therefore, the power market in the country is poised to grow remarkably in upcoming years. Key Market Trends Increasing Investment Plans and Upcoming Smart Grid Projects Driving the Market Demand - China is the world's largest market for power transmission and distribution (T&D) and is also poised to become a significant consumer of smart grid technology, supported by its policy to reduce carbon emission and commitment to green developmentDuring Jan-August 2020, the total electricity generation from the various sources in China's power sector reached 4,772.8 terawatt-hours (TWh). Energy sources contributing to the country's energy generation include coal, natural gas, the nuclear, wind, hydro, biofuels, and solar energy. Since China has the largest population globally, the country's energy demand has been rising continuouslyThe public utility, State Grid of China (which accounts for around a third of the electricity investment) announced investments for a total of CNY 450 billion in 2020 (~USD 65 billion), with ultra-high voltage (UHV) projects accounting for 40% of total investment. However, investment in China's transmission decreased by nearly USD 10 billion, as there was a higher focus on the upgrading of rural power grids and the construction of distribution networksChina's electricity grid' investments accelerated its downward trend and dropped by 11% in 2019, mainly driven by regulatory changes and reduced grid tariffsAs grids are becoming more digital, distributed, and smart, investment depends less on traditional equipment and new drivers. Smart meters, utility automation, and EV charging infrastructure, at USD 40 billion, now make up more than 15% of total spending. While spending on smart meters and utility automation remained flat in 2019, EV charging infrastructure rose to more than USD 5 billion, with utilities, oil and auto companies, and governments announcing new expansion plans. For instance, China Southern Power Grid had announced plans to invest more than USD 3 billion over the next four years in charging infrastructureAlso, State Grid Corporation of China has rolled out the "Global Energy Internet" concept, based on having smart grid connections to an ultra-high voltage power grid that would potentially deliver clean energy. This, in turn, is expected to drive the smart grid network market in the country during the forecast periodIn November 2019, China's State Grid, the largest utility globally, had sanctioned the world's largest smart grid facility, with the first phase of the project concluding in 2021, and the second phase is expected to wrap up in 2024. This project is likely to bolster the smart grid market in China during the forecast periodIn August 2020, China Telecom, together with 27 other members, including China Southern Power Grid, State Grid, global carriers, Huawei, and other vendors, have initiated 5G smart grid project in 3GPP. The project focuses on the role of 5G in smart grids, ranging from traditional energy services to remote control, tele protection, metering, advanced metering infrastructure, distributed automation, and demand response, energy, and distribution management, thus, increasing the demand for 5G developmentTherefore, with the increasing number of upcoming projects and the rise in investment plans, the demand for smart grid network is expected to increase in China during the forecast period. Substation Automation Holds the Major Market Share - Substations are one of the most critical parts of an electrical energy system with many costly equipment and operations. These substations are increasingly being used with smart automation techniques instead of manual data processing, leading to fast and accurate operation of the resulting automated system and guarantees a reliable electricity network and feedback dataFurther, the smart grid system constitutes a fully automated monitoring and controlling system designed for generation, transmission, and distribution substations to track the situation of equipment and unexpected faults. The advanced platform digitizes various manual operations into a single resilient structure. It works based on a mature SCADA platform and several subsidiary objects like Industrial Ethernet Switch to fully operate a substationThe digitalization of substation provides various benefits such as improving overall substation management process, facilitation monitoring, and protection processes maximizing failure prevention by fast and precise monitoring, optimizing substation operational performance, and access to substations from the control center and web applicationIn 2019, China Electricity Council announced a project worth 1.8 billion for installing a substation automation system for the existing distribution line of more than 7,000 km. Moreover, the Chinese grid company is signing various agreements to improve distribution lines by installing substation automation systemsIn 2019, ABB Ltd partnered with the China state grid to Supply Switchgear Technology for Smart Substations in China. ABB is expected to install 363 KV disconnecting circuit breaker with Fiber Optic Current Sensor, integrating three substation functions: circuit-breaking, disconnecting, and current measurement, in one component and reducing the space needed for a substation bay by up to 70 percentMoreover, according to China Electricity Council, by 2020, the smart grid's accumulated investment is expected to reach CNY 4 trillion. Chinese companies have gained UHV transmission and smart substations experiences over the years, encouraging China's ambition to become a world leader in electrical power equipment by 2025Besides, the Chinese private companies are signing an agreement with foreign players for built a bunch of advanced innovation-driven smart grid projects, including smart substations Automation, smart EV charging and battery swapping networks, smart power consumption information collection system, and multi-terminal VSC-HVDCAccording to State Grid, China's total investment in UHV is expected to reach CNY 633 billion by 2020. Also, State Grid Corporation plans to build 53 high voltage AC smart substations by 2020, with a capacity of 336 million KVA and a line length of 44,500 kmTherefore, with the rise of electricity demand and increasing emphasis on clean energy, leading to new-generation projects and the refurbishment of outdated transmission systems in China, the demand for substation automation is expected to increase in the coming years. Competitive Landscape The Chinese smart grid network market is consolidated, with nearly 80% of the market operated by State Grid Corporation of China. The key international and domestic vendors involved in the market include ABB Ltd, Siemens AG, General Electric Company, International Business Macgine Corporation, Huawei Technologies Co., Ltd, ZTE Corporation, and Jiangsu Linyang Energy Co. Ltd. Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - 3 months of analyst support Read the full report: https:www.reportlinker.comp05989483?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________


Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001

Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Westport to Issue Q2 2025 Financial Results on August 11, 2025 and Provides an Update on the Divestment of the Light-Duty Segment

Westport to Issue Q2 2025 Financial Results on August 11, 2025 and Provides an Update on the Divestment of the Light-Duty Segment

Westport Fuel Systems Inc. (TSX: WPRT Nasdaq: WPRT) ("Westport" or "The Company") announces that the Company will release Q2 2025 financial results on Monday, August 11, 2025, after market close. A conference call and webcast to discuss the financial results and other corporate developments will be held on Tuesday, August 12, 2025.

Time: 10:00 a.m. ET (7:00 a.m. PT)
Call Link: https://register-conf.media-server.com/register/BI842f3b76bd5b44c7aee3e609a6cc77b3  
Webcast: https://investors.westport.com

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
Shell sign on a tall pole against a clear blue sky.

Shell Denies Interest in BP Takeover, Freezing Potential Deal for Six Months

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code.

According to the company, no talks have taken place and it has no intention of making an offer.

“In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer,” the company said in a statement released Thursday (June 26) morning.

Keep reading...Show less
Charbone Hydrogene signe une entente-cadre de collaboration et percevra 1M de dollars americains afin de soutenir le deploiement d'un projet de developpement d'hydrogene vert en Malaisie pour un partenaire local

Charbone Hydrogene signe une entente-cadre de collaboration et percevra 1M de dollars americains afin de soutenir le deploiement d'un projet de developpement d'hydrogene vert en Malaisie pour un partenaire local

(TheNewswire)

Charbone Hydrogen Corporation

L'équipe Charbone servira de conseiller expert auprès d'un groupe financier privé malaisien pour le développement et la construction de leur première usine de production modulaire et évolutive dans la région Asie-Pacifique.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
CHARBONE Hydrogen Executed a Master Collaborative Agreement to Receive 1M USD to Support the Deployment of a Malaysian Green Hydrogen Project Development for a Local Partner

CHARBONE Hydrogen Executed a Master Collaborative Agreement to Receive 1M USD to Support the Deployment of a Malaysian Green Hydrogen Project Development for a Local Partner

(TheNewswire)

Charbone Hydrogen Corporation

The CHARBONE team will serve as expert matter advisors to a private Malaysian financial group for the development and construction of their first modular and scalable production facility in the Asia-Pacific region.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
US flag and declining stock graph overlay.

Oil Prices Rise, Then Tumble as Iran Retaliates Against US

Oil prices plummeted over 6 percent on Monday (June 23) as Iran launched a missile strike on a US military base in Qatar in retaliation for American airstrikes on Iranian nuclear facilities.

Reuters reported that Brent crude futures dropped US$4.90, or 6.3 percent, to settle at US$72.19 per barrel, while US West Texas Intermediate (WTI) crude slid US$4.60, or 6.2 percent, to US$69.23 per barrel.

The sharp declines followed initial spikes of nearly 5 percent on Sunday (June 22) evening, after US President Donald Trump confirmed that American forces had “obliterated” key Iranian nuclear sites in a joint response with Israel.

Keep reading...Show less
Oil barrels with arrow, world map and financial charts in the background.

Oil and Gas Price Update: Q2 2025 in Review

In the face of geopolitical strife oil and gas prices were able to register moderate gains through the first half of 2025, although the second half of the year is likely to be punctuated with continued unrest and supply chain fragility.

Oil benchmarks ended the first quarter slightly off their 2025 start positions, with Brent crude coming in at US$76.08 per barrel and West Texas Intermediate (WT) hitting US$72.87 per barrel before headwinds began sending values lower.

In early May, both benchmarks dropped sharply, Brent slipping nearly 6 percent to US$60.48 while WTI fell to US$57.42, a near two year low. The decline was driven by a combination of weak demand and rising supply as OPEC+ signaled plans to boost production in July, adding to existing oversupply concerns after a surge in global inventories.

Keep reading...Show less

Latest Press Releases

Related News

×