With the rapid implementation of China’s smart grid construction and the development of energy meter rotation, as an important part of smart grid power consumption, the demand for smart meters and power information collection equipment will continue to grow in the future. At present, the State Grid smart meter bidding is stable at twice a year. Due to the wider popularization and demand for meter replacement, the bid winning amount is also on the rise. In the future, the market scale of smart meter industry will continue to expand.

Development status and future trend analysis of smart meter industry market in China

The bidding volume of smart meters is warming up again, and level 2 single-phase smart meters occupy the mainstream

In June 2019, the State Grid announced the results of the first bidding for energy meters and electricity information acquisition equipment in 2019. According to the bidding results, the bidding volume of smart meters has increased. With the rapid implementation of China’s smart grid construction and the development of meter rotation, as an important part of smart grid power consumption, the demand for smart meters will continue to grow in the future. In 2019, the bidding volume of the first batch of smart meters by the State Grid reached 38.212 million, which was 74.38% higher than that of the first batch in 2018; The bidding quantity of the first batch of smart meters in 2019 has exceeded 70% of the total bidding quantity of smart meters last year.

In the first electricity meter and electricity information acquisition equipment bidding of State Grid in 2019, State Grid purchased 230 packages of equipment, and the total demand for all types of equipment was 40.1661 million, with a year-on-year growth of 70.45%. Among them, smart meter equipment was the key equipment in this bidding, and the total demand for smart meter products was 38.212 million, accounting for 95.1% of the total equipment.

In the field of smart meters, the demand for Level 2 single smart meters increased by more than 80% year on year, accounting for the vast proportion of the demand for smart meters. In the first batch of smart meters bidding in 2019, 105 packages of grade 2 single-phase smart meters are required, with a total of 33.9434 million, accounting for 88.9% of the demand for smart meters.

The procurement batches are kept twice a year, and the bid winning amount has increased

Since 2009, the State Grid launched the promotion of smart meters, and started bidding for smart meters, the number of annual bidding showed a downward trend. In 2011, the number of bidding reached 5, and then decreased year by year. Since 2016, it gradually stabilized to two annual bidding, the number of successful enterprises decreased, the amount and number of successful bidders increased, and the industry concentration showed a rising trend.

From the perspective of bid winning amount, 2014 was the peak year for smart meters and power consumption information acquisition equipment, and the bid winning amount reached a peak value of 23.134 billion yuan. Then the market of smart meters and power consumption information acquisition equipment became saturated, and the bid winning amount gradually decreased. In 2017, due to the wider popularization and demand for meter replacement, the bid winning amount began to increase again. In 2019, the first batch of bid winning amount was 8.292 billion yuan, an increase of 19.1% over the previous year. It is expected that the demand and market scale of smart meters in China will further expand in 2019.

Source: prospective industry research institute

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