Smart metering market and trend
Without exception, a global trend of digitalization is percolating into the metering industry. As metering is paired with smart grid systems, the trend is being accelerated.
The metering industry is facing great market demand, not only to digitalize existing analogue meters, but also to upgrade the smart metering system which is equipped with communication modules. With advanced communication technology, North American and European manufacturers are leading the smart metering market which is spreading faster than anyone can imagine.
According to IHS Research (World Market Reports, 2013 Edition), the global number of meter units (including existing analogue meters) is 28 billion and the current digitalization level is only about 12%, which means that the majority of the market still remains untouched.
Smart metering systems require a variety of sensing technologies for accurate metering under many different environmental conditions; communication technology to transmit collected data; and a high performance battery to enable the technology to operate for 10 to 20 years. This is especially the case for water and gas meters which operate without AC power, and….