Trend ! Global Smart Electricity Meter- Zhejiang Yongtailong Electronic Co., Ltd

With the continuous development of science and technology, the continuous growth of global energy demand and the continuous improvement of environmental awareness, the application of smart meters is becoming more and more extensive, becoming an important part of global power management, different countries and regions have adopted different development models and strategies, but have achieved different degrees of achievements.

According to the statistics of market research institutions, the global smart meter market has reached $10 billion in 2019 and is expected to reach $16 billion by 2025, indicating that the smart meter market has broad development prospects.

The development of smart meters in Europe is relatively mature, and the European Union issued the European Electricity Market Directive in 2009, requiring member states to fully promote smart meters by 2020. Many countries in the European region have begun the deployment of large-scale full smart meters, such as Germany, Italy, France, etc. Germany has completed nationwide smart meter deployment, Italy and France have also begun large-scale deployment of smart meters, and it is expected that the penetration rate of smart meters will increase significantly in the next few years.

In Asia, China is one of the fastest growing countries for smart meters. In 2011, China issued the Guiding Opinions on the Implementation of Smart Grid Construction, which clearly stated that it should accelerate the promotion and application of smart meters; At present, the penetration rate of smart meters in China has basically reached 100%.

In North America, the development of smart meters has been relatively slow. The U.S. government launched the Smart Grid Action Plan in 2009, calling for universal access to smart meters by 2020. However, due to the high deployment cost of smart meters and the large scale of the power grid, the current penetration rate of full smart meters is still low.