Intelligent power system contains huge business opportunities

With the continuous expansion of the scale of energy development and utilization, the diversification of energy structure is increasingly evident. As the second largest economy in the world, China is building a smart power system to cope with the process of energy strategic transformation and is gaining high attention in the international market.

Based on the goals of sustainable development, China is actively promoting new energy development. The biggest challenge it faces is the stability of the power grid. The government has recently introduced a series of measures to encourage solar power to be connected to the grid, which also imposes higher requirements on the intelligence of the power system.

The huge business opportunities in China's power system intelligence have attracted a lot of interest from the international community. As the leading power exhibition in Asia and the first in China, the 9th Shanghai International Exhibition on Electric Power Equipment and Technology is taking the theme of “Intelligence, Energy Saving, and New Opportunities”. The exhibition area is as high as 35,000 square meters. More than 800 power electrical equipment companies from more than 20 countries and regions.

The list of exhibitors at this year's show includes top international companies such as ABB, Schneider, and Siemens. As a well-known company with a history of 170 years, U.S. General Cable also made its debut at the Shanghai International Electrotechnical Exhibition with over 300 square meters of booths.

In line with the implementation of projects such as the West-to-East power transmission and power grid reconstruction in China, and the gradual advancement of urbanization, the wire and cable market capacity related to power transmission and distribution in the next five years is expected to maintain an impressive growth rate of 8% to 9% per year.