Smart Grid Market in Asia Pacific to Observe 12% CAGR Till 2024: Hubbell, ABB, Schneider Electric, General Electric, Fujitsu: And 10 Other Companies Profile
Asia Pacific Smart Grid Market growth will be pushed by rising electricity thefts, ageing grid infrastructure. Stringent regulatory requirements aimed at reducing carbon emissions and energy consumption will further boost the product demand. The State Grid Corporation of China (SGCC), which overlooks the electricity distribution in China has announced investment plans of over 100 billion toward the development of smart grid market between by 2020.
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