BOULDER, Colo.–(BUSINESS WIRE)–China is in the midst of its latest national development strategy, better known as the 12th Five-Year Guideline, which will continue through 2015. One of the Guideline’s primary goals is “strengthening the construction of [the] smart grid.” With the support of the government-owned State Grid Corporation of China, as well as many provinces and cities, this effort is rapidly progressing. According to a recent report from Navigant Research, annual revenue from smart grid deployments in China will reach $15.4 billion by 2020.
“The area of strongest smart grid growth in China will be transmission upgrades, anticipated to reach more than $72 billion in revenue by 2020 on a cumulative basis,” says Bob Lockhart, senior research analyst with Navigant Research. “Overall, smart grid development in China will generate $127 billion in cumulative revenue from 2012 to 2020.” Continue reading