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The Increasing Need for Energy Management Will Drive the Efficient & Reliable Smart Grid Market in China Through 2019: TechNavioAccording to a new report from research firm TechNavio, thanks to an increased emphasis on energy management, the Smart Grid Market in China is expected to grow at a CAGR of 22.7 percent from 2014-2019. About the Report Smart grids facilitate the implementation of efficient and reliable end-to-end bi-directional energy systems, and also ensure sustainability and energy efficiency through various management and demand-response systems. They also enable consumer side energy management by interconnecting various energy management systems and allowing greater control of the appliances and equipment in homes and workplaces, thereby enabling consumers to lower their energy consumption. The latest report by TechNavio pinpoints increasing environmental concerns worldwide as a major growth driver in the smart grids market. "The Chinese government is working towards addressing environmental concerns like greenhouse gas emissions and global warming," says Faisal Ghaus, Vice President of TechNavio. "China has identified fossil-fuel-based power generation as one of the key sources of GHG and therefore has instructed various power plants to take serious action in terms of reducing these emissions. This is expected to boost market growth, since the renewable energy sector is an integral part of the Smart Grid Market in China." Key Information Covered in the Report:
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