The trend of smart meter market

Smart meters, especially smart metering control instruments, can solve some problems. Smart metering will become a hot topic in recent years.

Intelligent instrumentation is a combination of computer science, electronics, digital signal processing, artificial intelligence, vlsi and other emerging technologies and traditional instrumentation technologies. The smart meter allows two-way communication, as well as the transfer of data between the customer and the tool, the ability to record detailed data, collect and store data, and connect with other devices.

Under such a good situation, the global smart meter market is expected to reach 15.216 billion U.S. dollars in 2016. Currently, the world’s largest share of the smart meter market is the North American market, which is expected to reach US$11.612 billion by 2016. The installation process of smart meters in Europe and Asia Pacific will also accelerate, and it is expected to occupy 19.7% of the market in 2016.

As far as applications are concerned, residential applications are the fastest growing areas for smart meters, and they are areas that can bring larger markets. At present, China, Australia, India, Sweden, the Netherlands, Spain and other countries are actively promoting the installation of smart meter devices, and the market demand has also greatly increased. It is estimated that by 2016, the installed capacity of smart meters worldwide will reach 10.410 million.