The development of smart meters in the next 10 years

With the development of smart times, smart electronic instrument applications have also become increasingly popular, playing an important role in both the commercial and industrial fields. In particular, the field of equipment maintenance is to seek accurate detection of equipment at a low cost through intelligent electronic instruments.

The application of smart meters can reduce the on-site meter reading work environment for the equipment maintenance industry, and provide more accurate energy consumption indicators, which greatly reduces the labor intensity and cost of the staff. In addition, the operation of smart meters and the connection to energy management systems can help users to reduce energy consumption and costs.

With the advancement of energy conservation and consumption reduction in countries around the world, large-scale smart meter installations are possible in the future. In particular, the smart metering rates in North America, Europe, and Asia Pacific will increase exponentially. It is reported that the market size of smart meters will gradually expand. At present, the annual sales volume has reached 10 million units, and by 2020, the sales volume is expected to reach 12.7 million units.