What Kind of Opportunity Digital Meter can Catch?

When we talk about valves, we often think of the type of valve, such as stainless steel valve, instrumentaion valve, sanitary valve or water meter. When talking about water meter, we have to talk about the current popular water meter, digital water meter. .

The digital meter is a new type of water meter that uses modern microelectronics technology, modern sensing technology, and smart IC card technology to measure water consumption and carry out water data transmission and settlement transactions. Compared with traditional water meters, which generally only have the functions of flow collection and mechanical pointer display of water consumption, there is a great improvement. The advantages of digital water meters are obvious. In addition to recording and electronically displaying water consumption, it can also control water consumption according to the agreement. Therefore, in the process of national policy support and the government's implementation of smart water affairs and the development of tiered water prices, smart water meters will usher in greater development opportunities.

1. With dual drive of policy and technology, smart water meters gain development momentum.

In recent years, China has launched a series of policies on water resources management. With the introduction of the country's most stringent water resources management and national water-saving action policies, the construction of new-type urbanization, smart cities, sponge cities, and water-saving cities, the implementation of the “the Belt and Road” strategy, , the process of information, intelligence and networking of water conservation for water supply and drainage enterprises speeding up, the implementation of residential and agricultural tiered water prices policies, construction of direct drinking water supply system, they have provided a broad market opportunity for the intelligent development and update of water meters. Benefiting from this, the intelligent rate of water meters gradually entered the speed-up phase in 2019. Favorable policies such as new rural construction also mean that water meter replacement will speed up.

With the promotion of national policies, the demand for smart water meters for the development of smart water services has also continued to increase, and companies have paid more attention to related technologies. Data released by the SooPAT shows that the number of patent applications for smart water meters in China increased in 2000 to 2018. A total of 313 patents were filed each year. In 2019, the development of smart water meter technology entered a stable sedimentation period, and the number of patent applications declined to 149.

2. The advantages of smart water meters are prominent, and the market penetration rate has increased significantly.

At present, the intelligent rate of water meters in China is not high. Currently, 90% of water meters are still manually read, which has many disadvantages. With the development of IoT technology, the demand for smart water meters has been promoted. Smart water meters rely on the rapid development of the current network age. Compared with traditional water meters, smart water meters and systems have obvious advantages. 1) Remote control, 2) Electronic bill, 3) Data platform, 4) Flexible management, 6) Analysis of abnormal consumption, 7) Entrusted hosting.

Promoted by national policies and technologies, and relying on the unique advantages of smart water meters in the context of smart water service development, the penetration rate and production of smart water meters in China are increasing. In 2012, the output of China's water meter was 64.31 million, the output of smart water meters was only 8.7 million, and smart water meter penetration was only 13.53%, less than 15%. According to statistics, by 2018, the output of China's smart water meter output exceeded 24 million, and the market penetration rate reached 23.83%. It was estimated that in 2019, there would be more than 30 million smart water meters in China.

3. Product demand trend is clear, wireless remote water meters become the main products.

With the joint promotion of smart water and tiered water consumption, China's water meters have evolved from non-intelligent mechanical meters to IC card smart meters and photoelectric direct-reading smart water meters, which have become the main products in the market, and finally transitioned to wireless remote water meters. The IC card pre-paid smart water meter has enabled the modern new management mode of "pay first, then use water", realizing the electronic and intelligent water charge management. The photoelectric direct-reading water meter uses the photoelectric direct-reading technology to read the data. Compared with the traditional pulse meter, it can reduce the reading error to zero, and usually does not require power supply. It only needs to be powered when reading the meter or valve.