The growing number of households stimulates demand

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Dublin, 02 August 2022 (GLOBE NEWSWIRE) – The “Global and China Smart Meters Industry Report, 2022-2027” has been added to by ResearchAndMarkets.com offer.

The market size is expected to reach 60.55 billion yuan in 2027 and the compound annual growth rate from 2021 to 2027 will reach 8.2%.

In 2021, the scale of China’s smart meter market reached 40.47 billion yuan, up 8.0% year-over-year. With the continuous development of new technologies such as the Internet of Things and big data technology and the upgrading of smart meters, the market will develop further.

In terms of market segmentation, China’s smart meter shipments reached 242 million in 2021, accounting for 61.9% of total smart meter shipments; shipments of smart water meters reached 35 million, accounting for 14.3%; shipments of smart gas meters reached 48 million, or about 20.0%; shipments of other meters, including heat meters, reached about 9.3 million, or about 3.9%.

In September 2020, China clearly proposed the goal of “peak carbon dioxide emissions” by 2030 and “carbon neutrality” by 2060. To achieve this, China is striving to build an energy clean, low-carbon, safe and efficient system, improve the level of clean energy use and operational efficiency of the electricity system and the use of smart electricity meters will be an important part of it.

In August 2020, the State Grid Corporation of China released general technical specifications for smart electricity meters and smart IOT electricity meters. The smart IOT electricity meter is a high configuration version of the meter type, which fully meets the requirements of the IR46 standard at standard adaptability level and fully adopts a modular design, divided into metering module, management module and expansion module, with a richer product design functions.

Smart IoT electricity meters are expected to gradually become the emerging pillar of this market in the near future. China’s shipments of smart electricity meters are expected to reach 189 million by 2027, of which 40 million will be IoT smart electricity meters.

The leakage rate of China’s urban water supply network has long been high. To achieve the goal of water and energy saving, the notice on strengthening the control of leaks in the public water network recently issued by the Ministry of Housing and Urban-Rural Development and the National Commission for Development and Reform requires that by 2025 the rate of the water supply network in cities nationwide will strive to be controlled within 9%. To achieve this, the application and popularization of smart water meters is critical and shipments in this market are expected to reach 60.4 million units by 2027.

In recent years, with the rapid development of the national economy, the issue of changing the energy structure and improving the quality of the atmosphere has attracted widespread attention from the government and all sectors of society. Natural gas is becoming increasingly popular as a clean, efficient and affordable source of energy, and local governments are also increasing the laying of pipeline networks at the county level and even in urban areas, accelerating the promotion and implementation of gas meters. smart, which are expected to reach 75.7 million units by 2027.

In terms of the competitive landscape, the smart meter industry is generally less concentrated and the replacement rate of foreign capital is relatively high. Domestic manufacturers have a high degree of fit with downstream municipal utilities application providers in product design and occupy a high dominant position. The smart electricity meter sector is mainly dominated by Sanxing Medical Electric, Holley Meter and Weston, which in 2021 have a market share of 4.66%, 3.97% and 3.94% respectively in the tender of the state network. The top ten producers represent about 35% of the market.

In the field of smart water meters, Ningbo Water Meter has long been at the top of this market, with a market share that reached 12.1% in 2021; Suntront Technology follows, with a share of approximately 6.5%; Sanchuan Smart was ranked third, with a share of around 6.3%.

In the field of smart gas meters, Goldcard Smart, Zhejiang Viewshine and Hangzhou Innover Technology occupy the top three, with their smart gas meter sales reaching 1.9 billion yuan, 1.11 billion yuan and 434 billion respectively. million yuan.

The Global and Chinese Report on the Smart Meter Industry, 2022-2027 highlights the following:

  • Product definition and classification of smart meters, including supply chain, etc .;

  • Global and Chinese market size, demand structure, competitive landscape, etc. in the meter sector;

  • Global and Chinese smart meter market size and segmentation structure, competition model, etc;

  • Global and Chinese smart electricity meters, smart water meters, smart gases, smart heat meters and market size of other market segments, product structure, demand structure, import and export situation, competition pattern and trend of development, etc .;

  • The operational situation, product and business development of 9 foreign and 17 Chinese smart meter manufacturers, etc.

Key topics covered:

1 Industry overview
1.1 Definition and Classification
1.2 Features
1.3 Business model
1.4 Technical roadmap

2 Instrument and meter industry
2.1 Global
2.2 China
2.2.1 Market size
2.2.2 Market structure

3 Smart meter industry
3.1 Development environment
3.1.1 Political thrust
3.1.2 IoT disclosure
3.2 Market situation
3.2.1 Market size
3.2.2 Market structure
3.2.3 Competitive model
3.3 Perspectives
3.3.1 The growing number of households stimulates the demand for smart meters
3.3.2 The development of the IoT helps the smart meter industry
3.3.3 The differential price increases the smart meter industry

4 Smart electricity meter industry
4.1 Overview
4.2 Global
4.2.1 Development environment
4.2.2 Market size
4.3 China
4.3.1 History of development
4.3.2 Industrial policy
4.3.3 Market size
4.3.4 Market structure
4.3.5 Competitive landscape
4.3.6 Import and export
4.3.7 Intelligent IoT meter
4.3.8 5G offers a lot of space for development
4.4 Market for smart electricity meters of the state network
4.4.1 Competition ladder
4.4.2 Structure of the competition

5 Smart water meter industry
5.1 Overview
5.1.1 Brief introduction
5.1.2 Industrial barriers
5.2 Global
5.2.1 Market size
5.2.2 Market model
5.3 China
5.3.1 Development environment
5.3.2 Market size
5.3.3 Competitive landscape
5.3.4 Perspectives

6 Smart gas meter industry
6.1 Overview
6.2 Global
6.2.1 Market size
6.2.2 Competition
6.3 China
6.3.1 Industrial policy
6.3.2 Market size
6.3.3 Competitive landscape

7 Heat meter industry
7.1 Overview
7.2 Global
7.2.1 History of development
7.2.2 Market size
7.2.3 Market structure
7.3 China
7.3.1 Policies
7.3.2 Market size
7.3.3 Competitive landscape

8 Foreign smart meter manufacturers
8.1 Itron
8.1.1 Profile
8.1.2 Operation
8.1.3 Trade in smart meters
8.1.4 Measurement Systems Itron (Suzhou) Co., Ltd.
8.2 Xylem
8.3 Diehl measurement (former hydrometer)
8.4 Landis + Giro
8.5 Hubbell
8.6 Meters rate
8.7 Mueller water products (MWP)
8.8 Kamstrup
8.9 Danfoss
8.10 Others
8.10.1 Zenner
8.10.2 Elster
8.10.3 Sontex
8.10.4 QUNDIS

9 leading smart meter manufacturers in China
9.1 Ningbo Sanxing Medical Electric Co., Ltd.
9.1.1 Profile
9.1.2 Operation
9.1.3 Trade in smart meters
9.2 Jiangsu Linyang Energy Co., Ltd.
9.3 Wasion Group Holdings Limited
9.4 Hangzhou Sunrise Technology Co., Ltd.
9.5 Hexadecimal group
9.6 Sanchuan Wisdom Technology Co., Ltd.
9.7 Ningbo Water Meter Co., LTD.
9.8 Shaanxi Aerospace Power Hi-tech Co., Ltd.
9.9 Hangzhou Innover Technology Co., Ltd.
9.10 Goldcard Smart Group Co., Ltd.
9.11 Tangshan Huizhong Instrumentation Co., Ltd.
9.12 Suntront Technology Co., Ltd.
9.13 Integrated Electronic Systems Lab Co., Ltd.
9.14 Weihai Ploumeter Inc.
9.15 Meter Instruments Co., Ltd.
9.16 Beijing Tian Ruixiang Equipment Co., Ltd.
9.17 Zhejiang Viewshine Intelligent Meter Co., Ltd.
9.18 Others
9.18.1 Dynaflox Shanghai Co., Ltd.
9.18.2 Ningbo Shidai Meter Co., Ltd.
9.18.3 Chongqing Wecan Precision Instruments Co., Ltd.

For more information on this report, please visit https://www.researchandmarkets.com/r/5ftdwy

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