Market growth for smart grids in China is set to be about 20% to 2020 according to research and analysis done recently. One of the main factors behind this is China’s structured plan for construction of these grids, however the increased risk of cyber attacks could pose a threat to the eventual implementation of these structures.
A large amount of the investment for these grids in China is focused around transmission, distribution, automation and automatic meter reading to support a growing grid and renewable energy build-out. The commitment of China to a greener policy will increase the demand for construction of these grids, and their unique structural arrangement will allow with boost of technology in this area, as well as let the market lower the price of equipment. Despite this, China may not be completely behind this initiative until a fully laid out plan with incentives and policies is provided. For more information, read the original article here: