China on track to dominate world smart grid market

08/16/2013 | Greentech Media

Utilities will spend more than $400 billion through 2020 to bring the world's energy grids into the digital age, with China accounting for a quarter of global investments, according to an analysis from GTM Research. The report predicts the global smart grid market will grow at an annual rate of 8% over the next seven years as utilities invest in transmission optimization, advanced metering infrastructure, distribution automation and Big Data, among other things.

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