Global Smart Grid Investment Expected to Exceed 300 Billion USD in 2025
According to the latest report by the International Energy Agency (IEA), global smart grid and related equipment investment is expected to exceed 300 billion USD in 2025, with an annual growth rate of over 15%.
The Asia-Pacific region will become the largest investment market, with China, India and Southeast Asian countries as the main drivers. European and North American markets focus on intelligent transformation and upgrading of existing power grids.
Smart grid construction requires大量 new types of power fittings, including fittings for intelligent monitoring systems and high-strength corrosion-resistant connection fittings. Power fittings manufacturers are accelerating product innovation to meet the personalized demands of smart grid construction.