Smart meter market has great potential How can Chinese companies seize opportunities?

In recent years, with the development of smart manufacturing in China, the “smart concept” has gone deep into all walks of life. Among them, smart water meters are born in response to market demand, and with the acceleration of smart manufacturing, smart water meter demand growing.

Image from the network

The demand for intelligent water meters grows in response to market demand

According to statistics, the water meter has been developed for more than 100 years before it gradually evolved into the current smart meter. Compared with traditional water meters, smart water meters can not only record water consumption, but also control water consumption, calculate water charges, and calculate accurately.

It is reported that the number of water meters required by the world each year reaches 100 million units, and by 2025, the scale of the global water meter market will reach approximately 1.8 billion. Among them, in 2016, the global smart water meter accounted for 8% of the global water meter market, and some experts predict that with the acceleration of global urbanization, the market share of smart water meters will continue to rise.

At the same time, with the development of smart manufacturing in China, the development speed of smart water meters in China will reach 28%. In the next five years, the market size of smart water meters in China is expected to reach 40 billion yuan, of which, by 2020, China's smart meter market will exceed 17 billion.

Domestic smart meter technology is weak, how to improve?

From the trend of smart smart meter development in the future, it can be seen that China's smart meter market has great potential, and it is also an excellent business opportunity that domestic water meter manufacturers must seize. However, compared with foreign smart water meter production levels and technologies, China's smart water meter business foundation is relatively weak. So, how can China's enterprises stabilize the domestic smart meter market?

For smaller smart meter manufacturers, working with large smart meter companies is the best choice. The game rules of the smart metering market have always been formulated by large-scale smart meter companies with strong capabilities. Therefore, cooperation with large-scale smart meter manufacturers can not only make up for their own small scale disadvantages, but also improve themselves in the intelligent meter industry. The status and market share.

In addition, regardless of the size of smart meter companies, R&D and innovation are the top priorities for development. It should be noted that the technical barriers of smart water meters are very high. Only by mastering the core technology of production of smart water meters, can they remain stable in the fierce market competition. At present, China's smart meter companies have recognized this limitation and increased research and development efforts.

Take the remote water meter for example, in May 2017, Guangzhou Zhaoji Instrument Instrument Manufacturing Co., Ltd. broke through the existing remote water meter technology and developed a smart wireless remote water meter for the Internet of Things, which further improved the intelligent water meter Internet of Things management level. To ensure the authenticity of the measurement data.

Relying on core technologies, it is entirely possible for China's smart meter companies to become leading players in the instrumentation industry. I believe in the future, with the improvement of smart water meter technology and the support of China's policies, China's smart water meter companies will become the trend of the leading instrument industry.