Smart Meter development demand and Requirement

In 2021, the global smart meter market sales reached US $7.2 billion, and it is expected to reach US $9.4 billion in 2028, with a compound annual growth (CAGR) of 3.8%.

Smart meters are divided into single-phase smart meters and three-phase smart meters, accounting for about 77% and 23% of the market share respectively. According to different applications, smart meters are most widely used in residential buildings, accounting for nearly 87% of the market share, followed by industrial, commercial and industrial applications.

Compared with traditional meters, smart meters are more accurate in measurement, and have advantages such as electricity price query, electricity memory, intelligent deduction, balance alarm, and information remote transmission. With the continuous development of component technology, smart meters can continuously integrate and develop more functions. For ordinary users, these functions can make full use of the difference between peak and valley electricity prices to customize the power consumption scheme independently, so as to use the same electricity and spend the least money; For enterprise users, more advanced services such as power quality analysis, fault diagnosis and positioning can be provided in addition to testing and measurement.

The reliability prediction and verification technology of smart meters is to practice the prediction and verification of the reliability of smart meters from the aspects of scheme design, component procurement, stress screening, reliability test and verification, starting with the reliability status and failure mechanism of smart meters.

The current distributed power supply, ultra-high voltage and micro grid, and charging pile all need the technical support of relevant smart meters. With the improvement of social and economic development and the continuous progress of science and technology, the power market has put forward more new demands for smart meters.

JIEYUNG Co., LTD. launched several smart new meters in 2021, providing users with more choices and bringing high cost performance ratio.

Post time: Sep-06-2022