Driven by the development of China's smart power grid, Chinese household meters are carrying out smart power meter replacement in a large scale. All new users will use smart power meters. The policy supports small and medium-sized instrument enterprises to seek development, which brings opportunities for the technological innovation of electricity meters. Targeted poverty alleviation aims at rural power grid transformation, and electricity meter demand has been significantly increased. At the same time, the key areas of the 13th five-year development plan, such as distributed energy, uhv and micro grid, charging piles and four meter collection, all need the technical support of smart power meters, and the outbreak of the downstream market has become one of the contributing factors.
Europe is the region with the highest penetration rate of smart meters, and with Italy and Sweden entering the early replacement cycle of smart meters, western countries have exposed huge demand for electricity meters. The European Union plans to complete the installation of 250 million electricity meters by 2022, and Germany has also proposed the deployment target of utilities between 2017 and 2032. In addition, there is an urgent need for new electricity meters in areas such as South Africa to stop loss and stop local electricity theft and arrears. In terms of demand, it is impossible for local companies in the European market to meet such a large number of electricity meters, which brings opportunities for the export of electricity meters, just in line with the export growth of integrated circuits in the first quarter of this year.
Moreover, the concept of energy conservation and emission reduction has been agreed on worldwide, and green development has become a common goal. The key to energy saving is to let the power customers jointly manage their own demands, which puts forward new requirements for the power meter technology. At the same time, promoting the development of energy demand management includes improving the coverage rate of smart power meters and the application of the Internet of things collection and copying system, which has become a major factor for the growth of power meter demand.