500 million smart meters in China market by 2015

October 29, 2014 // By Jean-Pierre Joosting
RnRMarketResearch says the advancing smart grid construction in China has spurred the constant growth of smart meter demand. By the end of 2013, 370 million smart meters had been installed in China, and the figure is expected to hit 500 million in 2015.

Besides meeting the domestic demand, the home-made smart meters are also exported to more than 130 countries and regions worldwide. In 2013, the export volume of smart meter topped 608,000 (surging by 17.1% yr-on-yr), in which 37.7% was exported to Germany, 17.3% to Vietnam, and 8.0% to the Netherlands.

Major players in the China smart meter industry include Wasion Group Holdings Limited, Ningbo Sanxing Electric Co., Ltd., Jiangsu Linyang Electronics Co., Ltd.. During 2009-2013, these three companies separately had an average market share of 5.6%, 6.2% and 5.2% in the 2S single-phase smart meter market and 9.9%, 8.8% and 8.1% in the three-phase smart meter market.