TMCnet News
China Smart Meter Industry Report, 2016-2020LONDON, March 13, 2017 /PRNewswire/ -- China's smart meter shipments reached 150 million units, up 6.8% yr-on-yr; expected to grow to 160 million units in 2016. In the future, with the continuous development of IoT (Internet of Things), the smart meter market will grow steadily at an average annual rate of over 8.0% in 2016-2020. Smart Water Meter records shipments of 11.73 million units in 2015 (up 13.7% yr-on-yr) and (an expected) 13.49 million units in 2016. Currently, the market penetration of smart water meter is far below that of smart electric meter and smart gas meter, indicating a larger growth space. Key manufacturers are Sanchuan Wisdom Technology Co., Ltd., Suntront Tech Co., Ltd, Ningbo Water Meter Co., Ltd., etc. with annual capacity of more than one million units. Primary driving factors in the future development of smart meter industry in China include IoT popularization, ladder price policies, etc. IoT requires intelligent analysis of the collected data, thus smart meter is essential. And the application of NB-IoT technology in smart meter can solve the traditional meter wiring, high costs of wireless remote transmission equipment and other problems, but also make data accuracy rate as high as 99%. In 2017, with the release of NB-IoT series industry standards, NB-IoT will see large-scale application in the commercial sector, thus providing technical support for the development of smart meter. So far, ladder pricing system has seen a wide range of implementation in water, electricity and gas fields, and traditional meters can't copy all data at the crucial point-in-time of calculating ladder price. Therefore, the popularizing rate of smart meter in water, electricity and gas fields will improve further. The report highlights the following: Status quo, market size, market structure, and competitive landscape of China smart meter industry; Overview, policies, market size, market structure, competitive landscape, import & export, and State Grid tender of smart electric meter industry; Overview, development environment, market size, and competitive landscape of smart water meter industry; Overview, policies, market size, and competitive landscape of smart gas meter industry; Development history, development environment, market size, competitive landscape, and prospects of heat meter industry; Operation, smart meter business, etc. of 6 foreign and 16 domestic smart meter manufactures. Download the full report: https://www.reportbuyer.com/product/4420306/ About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers http://www.reportbuyer.com For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +44 208 816 85 48 Website: www.reportbuyer.com To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/china-smart-meter-industry-report-2016-2020-300422845.html SOURCE ReportBuyer 
|