In recent years, the overall development of China's power industry has been rapid. The construction of the national power system has shifted from the construction of power sources to the construction of power grids. The transformation of urban and rural power grids in the country continues to advance. In 2011, the State Grid Corporation of China's smart grid plan has entered a comprehensive construction phase. These factors have made power available. Watch has become one of the fastest growing industries in the instrumentation industry. China has become a global electric energy meter production and manufacturing base, of which electronic energy meters and smart energy meters have developed the most rapidly. According to statistics, in 2010 China's electricity meter production was 89.346 million units, an increase of 11.2% year-on-year; in the first half of 2011, the output of electricity meters was 49.061 million units, showing a strong growth trend.
With the development of the smart grid construction plan, the proportion of electronic energy meter products has been continuously increasing, and the demand for energy metering chips has increased dramatically. According to statistics, in 2010 China's total sales volume of electric energy metering chips was 84.484 million, an increase of 19.4% year-on-year; in the first half of 2011, the sales volume reached 48.60 million. From the analysis of sales structure of subdivided products, the single chip is still the main product of the energy metering chip. In 2010, sales of individual chips accounted for 92.5%, and only three-phase chips accounted for 7.5%. With the increase in industrial use and power grid usage, the demand for three-phase energy meters will increase, and the share of three-phase chips will gradually increase. It is expected that by 2015, the share of three-phase chips is expected to reach 21%.
According to the “China Energy Metering Component Market Research Report (2011 Edition)†issued by Champion Consulting, it is expected that during the “12th Five-Year Plan†period, the energy metering chip will maintain a steady growth trend, and the industry market sales volume can increase from 470 million Yuan to 8.5 million Yuan. Billion yuan, sales at the end of the "Twelfth Five-Year Plan" could exceed 120 million. The energy metering chip market has great potential and its development prospects are very promising.
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