Smart water meter is a
new type of water meter integrating modern microelectronic techniques, modern
sensor technology and other advanced technologies, which is used for metering
water consumption, transferring data and clearing trade transaction. Smart water
meter brings great conveniences for users and administrative departments, and
also provides significant supports for the modern renovation of traditional
water management mode. Although China has witnessed remarkable development that
attracted worldwide attention in the past decade, and urban construction is
changing day by day, China water meter industry develops slowly because
mechanical water meters which use manual meter reading have a dominating
position among China water supply companies.
The 12th Five-Year
Development Planning and Measures for China Water Meter Industry points out
that the average growth rate of total industry output value, sales revenue,
value of export delivery and profits among China's water meter enterprises
should all reach 10% to 13%. Total value of water meter industry will strive
for exceeding CNY 9 billion, and the output will reach 90 million units by
2015.
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Although having years of
development, technical stability has been hindering smart water meter industry.
While in recent three years, it has marched into sound development stage. At
the same time, stimulated by three policies, namely urbanization, smart cities
and ladder-like water price, smart water meters accelerate the replacement of
mechanical water meters. Thus Huidian Research predicts that smart water meter
is stepping into rapid rising stage.
In 2013 the output of
water meter in China was about 69.812 million units and smart water meter
accounted for 15%. And the growth rate of water meter market was 8.5%. Huidian
Research predicts that the output of water meter will be around 79 million
units throughout 2014, of which 14.24 million smart water meter, and market
penetration rate of smart water meter will reach 18%; by 2018, the output of
smart water meter will be about 37.33 million units with market penetration
rate of 30%.
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