In recent years, the smart grid market has been expanding year by year, with a CAGR of 15.52% in the past five years. The investment in smart grid is stable, and the proportion of investment is gradually increasing.
According to the report released by China Great Wall Securities, the smart grid market has been expanding year by year, with a CAGR of 15.52% in the past five years. The investment in smart grid is stable, and the proportion of investment is gradually increasing. Under the trend of carbon neutrality, digital upgrading of the energy industry is imperative. Bullish on digital upgrading of the energy industry as the core of the third energy revolution, it will lead to a new round of industrial cycle upgrade of the energy industry in an all-round way. The smart grid, as the key point of energy digitization, has maintained stable growth in recent years, and smart grid-related companies are expected to benefit from it.
Related symbols: Langxin Group (300682.SZ), NARI Technology (600406.SH), China National Energy Conservation Investment Corporation(301162.SZ), State Grid Information & Telecommunication (600131.SH), Beijing Forever Technology (300365.SZ), Beijing E-techstar (300513.SZ), Willfar Information Technology (688100.SH), YGSOFT Inc. (002063.SZ).
China Great Wall's main points are as follows:
Under the background of carbon neutrality, digitalization of energy is a path to achieving the goal of carbon neutrality and carbon peak.
The energy structure of our country, which is mainly dominated by fossil energy such as coal and oil, does not conform to the trend of "double carbon". Therefore, optimizing the energy structure has become an important task for promoting the "double carbon" process. While a large number of renewable energy sources are installed, the uncertainty of renewable energy supply will reduce the overall stability of the power system. The intervention of digital system can effectively reduce the risk of renewable energy supply problem to the safe operation of the power grid, escorting for the operation of renewable energy to help achieve the overall goal of carbon neutrality.
Smart grid is essentially to meet the needs of "generation, transmission, distribution, and utilization".
Under the trend of carbon neutrality, the nature of the energy industry has undergone five major changes. The identity, product form, production tools, production mode, and production location of energy companies have all undergone corresponding changes. At various ends of generation, transmission, distribution, and utilization, the complex power environment constantly gives birth to various digital upgrading needs. On the generation end, early prediction and control of electricity are helpful to ensure the safety of subsequent links; On the transmission end, smart grid plays a role in escorting remote high-voltage transmission; At both ends of distribution and utilization, there are high requirements for the precise distribution needs and electric scene differences. Based on this background, smart grid emerges as the times require.
Smart grids are steadily developing, and investment proportion is gradually increasing.
In the continuous deepening of the power system reform and the rapid development of distributed technology, energy storage technology, and micro-grid technology, the power grid, as an indispensable intermediate link connecting production and consumption, has become a top priority in the path of energy digitization upgrading. Among them, the steady development of smart grid promoted by the two major power grid groups, State Grid Corporation of China and China Southern Power Grid, leads the overall process of energy digitization. Divided into three stages: planning pilot phase (2009-2010), comprehensive construction phase (2011-2015), and leading improvement phase (2016-2020). After 2020, a new round of development boom will focus on the construction of smart grids, reaching the international advanced level in terms of technology and equipment. Achieve plug-and-play of distributed power sources, and popularize the use of smart meters. In recent years, the market size of smart grids has been expanding year by year, with a CAGR of 15.52% in the past five years. The investment in smart grid is stable, and the proportion of investment is gradually increasing, accounting for 6.2% in the first phase and 12.5% in the third phase of the total investment in the power grid.
In different stages, it can be divided into three stages: planning pilot phase (2009-2010), comprehensive construction phase (2011-2015), and leading improvement phase (2016-2020). After 2020, a new round of development boom will focus on the construction of smart grids, reaching the international advanced level in terms of technology and equipment. Achieve plug-and-play of distributed power sources, and popularize the use of smart meters. In recent years, the market size of smart grids has been expanding year by year, with a CAGR of 15.52% in the past five years. The investment in smart grid is stable, and the proportion of investment is gradually increasing, accounting for 6.2% in the first phase and 12.5% in the third phase of the total investment in the power grid.
Risk Warning: Increased market competition; policy implementation falling short of expectations; slow technology transfer; energy companies investing less in digitalization than expected.