China's Smart Meter Shipments Expected to Grow to 160 million in 2016
In 2015, 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 meter consists mainly of smart electric meter, smart water meter, smart
gas meter, etc. Among them, smart electric meter boasts the highest market
penetration rate, approximately 95%; followed by smart gas meter with over 50%.
Smart Electric Meters are mainly promoted in the form of unified bidding by
State Grid and China Southern Power Grid (began smart electric meter tender in
2016). In 2015, 90.99 million smart electric meter tenders were won from State
Grid, single-phase smart electric meter and three-phase smart electric meter accounted
for 88.9% and 11.1% respectively, of which, single-phase smart electric meter
manufacturers had scattered tenders, while three-phase smart electric meter
showed relatively high market concentration due to certain technical barriers.
In 2015, Yantai Dongfang Wisdom Electric Co., Ltd. and Wasion Group registered
the highest bid-winning rate in respectively fields of 0.5S three-phase smart
electric meter and 0.2S three-phase smart electric meter, with respective
market share of 17.5% and 69.7%.
Smart Gas Meterrecords shipments of 19.4 million units in 2015 and (an
expected) 24.3 million units in 2016. As the market penetration grows, the
figure may exceed 50 million units by 2020. At present, main suppliers in the
market include Goldcard, Shaanxi Aerospace Power Hi-Tech Co., Ltd.,
HangZhouInnover Technology Co., Ltd., etc. In 2015, Goldcard took the first
place with a 10.2% market share.
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
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. (Source: PRNewswire, 6th Dec. 2016)