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Led by GE, Siemens, and IBM China Smart Grid to Exceed $61B by 2015, Zpryme Reports

2011-01-13 Print
 

Zpryme’s special report, China: Rise of the Smart Grid, assesses the current China market landscape in China while examining the major players, trends, and drivers motivating this high-growth space. To download a complete free report visit Zpryme at www.smartgridresearch.org

FOR IMMEDIATE RELEASE / PRURGENT

Austin, TX - (Zpryme) – 01/13/11 – In 2010 China became ranked number one in the world for energy consumption and total investment in clean energy. Just a couple weeks following the new year China will continue to stay on top for the next five years as Zpryme projects in a new special report, China: Rise of the Smart Grid (download full report at www.smartgridresearch.org), the total value of China’s Smart Grid market to rise from $22.3 billion USD in 2011 to $61.4 billion USD in 2015.

“2011 will be the year China will take a commanding lead not only in clean energy investment (which already is twice the U.S.), but more specifically the Smart Grid. Led by companies such as GE, Siemens, and IBM, China will become the forever-hotbed for Smart Grid technologies, pilots, and overall investment" says Zpryme CEO and Director of Research Jason S. Rodriguez.

From the report the largest portion of China’s market is in Smart Grid T&D, which. Zpryme projects will grow from $4.5 billion USD last year (’10) to $21.2 billion USD by 2015, an annual growth rate of 36.4 percent. Because of China’s limited technological capabilities, providing IT and networking solutions to automate distribution and manage electricity demand is the best way for foreign firms to capitalize on China’s booming Smart Grid industry. Zpryme projects that the software and hardware segment of China’s Smart Grid market will grow from $4.0 billion USD in 2010 to $13.0 billion USD in 2015, an annual growth rate of 26.4 percent.

Other findings from the report:


  • Chinese domestic firms serving the Smart Grid market will expand their footprint beyond their nation’s borders as their technologies and services will become increasingly competitive with their foreign counterparts.

  • The Chinese government totally supports the efforts of domestic and foreign Smart Grid and clean energy manufacturers through subsidies, R&D funding, and major lines of credit (domestic).

  • While utilities in the U.S. are updating infrastructure, China has the advantage of building Smart Grid technology into transmission infrastructure from the outset – essentially a clean slate.


Zpryme’s special report, China: Rise of the Smart Grid, assesses the current China market landscape in China while examining the major players, trends, and drivers motivating this high-growth space. To download a complete free report visit Zpryme at www.smartgridresearch.org

About Zpryme Smart Grid Insights Practice
Zpryme-powered Smart Grid Insight practice helps organizations understand their business environment, engage consumers, inspire innovation, and take action. This practice represent an evolution beyond traditional market research and consulting: combining sound fundamentals, innovative tools and methodologies, industry experience, and creative/marketing savvy to supercharge clients' success. At Zpryme, we don’t produce tables and charts; we deliver opportunity-focused, actionable insight that is both engaging and easy-to-digest. For more information, visit www.zpryme.com.

Zpryme Contact:
infozpryme.com
+1 888.977.9631

[FYI: Make an appointment to meet with Zpryme representatives at the DistribuTECH Conference & Exhibition in San Diego, CA from February 1 - 3 2011; email Zpryme at info@zpryme.com, subject line: 'Distributech']

 
Contact Info
Zpryme Research & Consulting
100 Congress
Suite 2000
Austin, Texas 78701

Phone: +1 888.977.9631

Website: http://www.zpryme.com