In recent years, the development of intelligent measurement and control instruments has been particularly rapid, and a variety of intelligent instruments and meters have appeared on the domestic market. It greatly expands the scope of application of traditional instruments. With its advantages of small size, strong functions, and low power consumption, it has been widely used in household appliances, research institutes, and industrial enterprises worldwide.

According to the report entitled "Shipping, Types, Geographical Factors, Applications, Regulated Market Trends and Forecasts for the Global Smart Metering Market from 2011 to 2016," published by the MarketsandMarkets website of the US market research company, the global smart meter market is expected to be From US$4.381 billion in 2010 to US$15.261 billion in 2016, the compound annual growth rate from 2011 to 2016 will be 20.8%.

In 2011, the smart meter market in North America accounted for the largest share of the world, at US$4.61147 billion, and is expected to reach US$11.612 billion by 2016, with a compound annual growth rate of 20.3%. Europe and the Asia-Pacific region are advancing the installation process of smart meters and are expected to account for 19.7% of the global market in 2016. In 2010, residential applications were the largest and one of the fastest growing areas of smart meters.

In 2010, 25.4 million smart meter devices were installed worldwide. Due to the increasing demand for smart meters in countries such as China, Australia, India, Sweden, the Netherlands, and Spain, it is estimated that by 2016, 104.10 million smart meters will be installed globally, and the CAGR will be 24.9% from 2011 to 2016. In addition, the installation rate of smart gas meters and smart meters is also increasing.

It is understood that smart meters are electronic measuring instruments. It allows two-way communication, as well as data transfer between customers and tool users, the ability to record detailed data, collect and store data, and other devices (such as home displays, smart thermostats and home appliances, home area networks, advanced control systems, etc. )connection. The smart meters analyzed in this report are mainly used in residential, commercial and industrial fields.

It is reported that the main participants in the market report include the Swiss Rangair Company, the American Itron Corporation, the German Elster Group, the U.S. General Energy Company and the U.S. company. The report aims to highlight important market trends to help smart meter manufacturers, government utility providers, private utility providers, private customers, network operators, measurement companies, smart grid participants, communications suppliers, smart meters Component manufacturers, venture capital companies and other stakeholders.