China's smart instrument Internet of Things industry forecast and smart instrument development prospects

The promotion of policies and the demand for intelligent living have made smart meters increasingly popular. Smart meters have made great technological breakthroughs with the background of the Internet of Things. The country's ladder pricing strategy directly pushes the industry to the cusp. The overall market size of smart electricity/water/gas meters in 2023 is expected to exceed 40 billion yuan. The smart instrument industry has broad prospects for development. Let's take a look at the related content with the network communication Xiaobian.

China's instrumentation industry market scale is expanding rapidly

In 2011-2016, the market scale of China's instrumentation industry has achieved rapid expansion. In 2014, the industry's sales revenue exceeded 800 billion yuan, reaching 818.6 billion yuan, an increase of 6.6%. In 2016, China's instrumentation industry sales revenue reached 935.5 billion yuan, an increase of 7.5%.

Chart 1: Sales revenue and growth of China's instrument and meter manufacturing industry in 2011-2017 (unit: 100 million yuan, %)

Intelligent instrumentation is a combination of emerging technologies such as computer science, electronics, digital signal processing, artificial intelligence and traditional instrumentation technology. It can obtain accurate and accurate measurement through fully automated operation process, saving energy and data. Storage computing logic judges to help energy providers optimize energy allocation. Taking electricity and natural gas as an example, every 0.1% accuracy of natural gas metering can reduce the loss of natural gas of 1.80 billion cubic meters, which brings huge economic benefits. After using smart meters, each household uses electricity. The information will be transmitted to the power supply company for analysis in real time, and the computer system can accurately distribute power to each household on demand to avoid wasting energy.

Sensor technology is critical to the quality of smart meters

Sensor technology is crucial to the quality of smart meters. Smart meter sensors generally use technical routes such as pulse technology and direct reading technology. The photoelectric direct reading sensor is a passive sensor, which can display the relevant energy consumption measurement data visually, and can output signals or data. Compared with the traditional pulse technology intelligent sensor, it has accurate measurement, long service life, valve control function and installation. Easy, easy to debug, no need for initialization, easy maintenance, short-circuit protection and other advantages. Due to historical reasons, China's smart meter sensors are currently using pulse technology. With the popularity of direct reading technology, more and more smart meters will use photoelectric direct reading sensors.

In recent years, the domestic sensor market has continued to grow rapidly, with an average annual growth rate of more than 20%. In 2011, China's sensor market was 48 billion yuan; by 2016, the sensor market reached 112.6 billion yuan.

Chart 2: China's sensor market scale in 2011-2017 (unit: 100 million yuan)

In 2011-2015, the number of Chinese sensor patent applications increased year by year; in 2015, the number of sensor patent applications reached the peak in recent years, reaching 11,883. In 2016, the number of Chinese sensor-related patent applications was 11,653; in 2017, the number of Chinese sensor-related patent applications was 6001.

Figure 3: China's sensor-related patent applications in 2011-2017 (unit: piece)

Internet of Things is an important technical support for the development of smart meters

The Internet of Things is an important technical support for the development of smart meters, and the Internet of Things itself focuses on expanding application areas. This can open up many new markets for the instrumentation industry and create greater value, such as energy saving, urban planning, environmental monitoring, etc. Other fields can be further improved with smart meters as the source.

The domestic IoT industrial chain and industrial system have taken initial shape, and the industrial scale has grown rapidly. At present, China's development of the Internet of Things, such as automatic control, information sensing, radio frequency identification and other technologies and industries are mature or basically mature, communication operators and system equipment providers reach world-class levels, downstream applications continue to expand. At present, the Internet of Things has been more maturely used in security monitoring, intelligent transportation, smart grid, intelligent logistics and so on.

At present, the scale of China's Internet of Things market continues to expand. In 2016, the scale of China's Internet of Things industry reached 930 billion yuan, a year-on-year increase of 24%. It is estimated that by 2020, the overall scale of China's Internet of Things industry will exceed 1.8 trillion yuan.

Chart 4: Size and growth of China's Internet of Things market in 2011-2017 (Unit: 100 million yuan)

China's smart instrument industry has broad prospects for development

According to the “Action Plan for Accelerating the Development of Sensors and Intelligent Instrumentation Industry” issued by the Ministry of Industry and Information Technology, it is pointed out that by 2025, the overall level of the sensor and intelligent instrumentation industry will enter the world's advanced ranks. The transformation of domestic industrial form from "production-oriented manufacturing" to "service-oriented manufacturing" involves the protection of national defense and key industries, sensors and intelligent instrumentation required for major projects to achieve independent manufacturing and independent control, high-end products and services market The occupancy rate has increased to more than 50%. It can be seen that in the next 10-15 years, China's intelligent instrumentation industry has huge room for development.

Prospective Industry Research Institute predicts that the overall market size of the most representative smart meters, water meters and gas meters in the smart meter industry is expected to exceed 40 billion yuan in 2023. With the support of technology and policy, the smart meter industry has already taken steps. Entering the fast lane will be followed by the release of huge market space.

Chart 5: China's smart instrument industry market size forecast for 2018-2023 (unit: 100 million yuan)

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