The Smart Meter Industry Chain
The upstream of the smart meter industry comprises manufacturers of chips, PCBs (circuit boards), relays, structural components, and other components; the midstream covers smart meter production and maintenance; and the downstream mainly targets applications in individual households, charging piles, and distributed energy.
Smart meters integrate advanced communication technologies, such as 4G and Narrowband Internet of Things (NB-IoT), into traditional metering functions. This enables ultra-high-speed and ultra-stable data transmission, allowing electricity data to interact almost in real-time between users, the power grid control center, and related management platforms, improving the efficiency and accuracy of power grid operation monitoring.
Smart meters possess high-precision metering capabilities. Sensors and chip algorithms accurately measure users' electricity consumption and, through built-in communication modules, such as wireless communication technology or power line carrier communication technology, transmit the collected electricity data to the power grid control center in real time, enabling dynamic monitoring of the power grid's operating status. Moreover, continuous breakthroughs in core technologies such as chip manufacturing and sensors have enabled smart meters to achieve more accurate metering and adapt to more complex and diverse electricity usage scenarios.
The overseas market demand for smart meters is vast, especially in the Asia-Pacific region, Europe, and North America, where the main demand areas are located. The global smart meter market demand is projected to grow from 162 million units in 2024 to 236 million units in 2029.
Wuxi Zhongyi Smart Technology Co., Ltd. focuses on the development and manufacturing of smart water meters, energy meters, gas meters, covering more than 90 countries around the world. If you are interested in smart water meters, Electricity meter and gas meters,please contact Zhongyi Smart!
