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The global smart meter market is expected to reach $15.2 billion by 2026

 Last Update: 2023-01-04
 Source: Internet
 Author: User

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【Chemical Machinery and Equipment Network Market Analysis】On August 27, 2022n, Haixing Power disclosed the 2022 interim report, the company's total operating income in the first half of 2022 was 1.
569 billion yuan, a year-on-year increase of 43.
6%; The net profit attributable to the parent was 295 million yuan, a year-on-year increase of 90.
6%; Earnings per share were $0.
6
.

Haixing Power said that in the face of the complicated internal and external environment during the reporting period, the company strengthened its market development efforts, seized the favorable opportunity of the normalization of overseas epidemic market demand, and the increase in the value of a new generation of smart meters in the domestic market and the growth of rotation demand, and both domestic and overseas operating income increased
significantly year-on-year.

In recent years, with the rapid development of China's economy, major key engineering projects have been implemented in the country, the demand for electricity has increased sharply, and the industry has put forward higher requirements for the ease of use, reliability and safety of the entire electricity environment, and power enterprises are playing an increasingly important role
in today's complex and changeable electricity market environment.

At present, China's power infrastructure is aging, and smart grids communicate through cutting-edge technologies, devices, and controls to make them more reliable and efficient to power the power grid, achieving the goal of
grid modernization.
In addition, smart grids can transport power over long distances and large capacity, with low energy losses and obvious economic benefits, making them the only choice
for the transformation of the current power system.

In fact, China's smart grid has entered the stage
of comprehensive construction.
With the development of smart grid, the domestic demand for smart meters has surged, and the bidding and procurement activities for this new type of electricity meter are also increasing, accelerating the growth of
China's smart meter market.

Data show that in 2019, the number of smart meters tendered by the State Grid grew rapidly to 73.
8019 million, a year-on-year increase of 39.
8%.

In 2020, affected by the new crown pneumonia epidemic, the progress of electric energy meter laying slowed down, and the number of smart meter bidding for the State Grid declined, down 29.
5% year-on-year, and the bidding volume resumed growth in 2021, reaching 66.
7401 million
.
It is expected that the number of smart meters tendered by the State Grid will reach 77,363,500 in 2022
.

In terms of overseas markets, smart meters and electricity information collection in Eastern Europe, Latin America, Southeast Asia, Central Asia and West Africa started late, about 5-10 years behind the domestic market, mainly prepaid, anti-theft meters, and China's electricity meter intelligence started earlier, and the annual export has reached tens of millions
.

Smart grid is an important measure for countries to improve energy efficiency, promote green economy, and cope with environmental climate change, and the global large-scale smart grid construction has brought broad market space
for smart meter products.
According to PR Newswire, the global smart meter market was approximately $11.
4 billion in 2022 and is expected to reach $15.
2 billion by 2026, growing at a compound annual growth rate of 6.
7
%.

Therefore, from a long-term perspective, driven by national policies and stimulated by foreign markets, China's smart meter market will maintain a growth trend
in the next few years.
For high-quality energy meter enterprises, with the continuous strong demand for smart meter market, enterprises with advanced technology and high-quality products will share more "cake"
in the bidding and procurement of smart meters at home and abroad in the future.

Hara: The global smart meter market is expected to reach $15.
2 billion by 2026

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