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DUBLIN, July 27, 2022 /PRNewswire/ — The “Global and China Smart Meters Industry Report, 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
It is expected that the market size will 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 yuanan increase of 8.0% year on 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 further develop.
In terms of market segmentation, in 2021, China’s smart electric meter shipments reached 242 million, accounting for 61.9% of total smart meter shipments; smart water meter shipments reached 35 million, accounting for 14.3%; smart gas meter shipments reached 48 million, accounting for about 20.0%; shipments of other meters, including heat meters, reached about 9.3 million, accounting for about 3.9%.
In September 2020, China clearly put forward the goal of `peak carbon dioxide emissions` by 2030 and `carbon neutrality` by 2060. In order to achieve this goal, China is striving to build a clean, low-carbon, safe and efficient energy system, improve the level of clean energy use and power system operational efficiency, and the use of smart electric meters will be an important part of it.
In August 2020the State Grid Corporation of China released the general technical specifications for smart electric meters and smart IOT electric meters. The smart IOT electric meter is a high-configuration version of the meter type, which fully meets the requirements of IR46 standard at the standard adaptability level and completely adopts modular design, divided into metering module, management module, and expansion module, with richer product function design.
It is expected that smart IoT electric meters will gradually become the emerging mainstay of this market in the near future. It is expected that by 2027, China’s smart electric meter shipments will reach 189 million, of which 40 million will be IoT smart electric meters.
The leakage rate of China’s urban water supply network has long been high. To achieve the goal of water and energy conservation, the notice on strengthening leakage control of public water supply network recently issued by the Ministry of Housing and Urban-Rural Development and the National Development and Reform Commission requires that by 2025, the leakage rate of public water supply network in cities …
Full story available on Benzinga.com
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