DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/179664/assessment_of_chin) has announced the addition of the "Assessment of China's Market for Smart Meters" report to their offering.
Twelfth Five Year Plan to Drive Rapid Growth in China's Smart Meter Market - Quality Concerns Loom Large
This study, which focuses on single phase and three types of three phase meter, estimates the value of China's domestic market at over RMB 10 Bn for 2010 and experienced growth rates in excess of 25% last year.
Growth is driven by the State Grid's smart meter purchase program and the nation's Twelfth Five Year Plan that will see between 80 million smart meters installed in Chinese homes by 2015 and the adoption of smart metering across commerce and industry. When replacement purchases are factored in, the total installed base could well exceed a quarter of a billion units by 2020. Amid such staggering growth rates, smart meter suppliers have been racing to expand their factory capacities. The average smart meter supplier in China is at two-thirds capacity, which would have alarm bells ringing any other market, said Edward Barlow, senior analyst and author of the study. But in China they're looking at real growth of 17 to 20 percent per year for the next five years.
However, the State Grid, which is looking for RMB 60 billion in short term loans, has reportedly compressed smart meter pricing to a much lower extent than many suppliers can accommodate. As suppliers rush to the bottom of the cost curve, meter accuracy and lifespan are being forfeited. The Grid companies account for two out of every three Renminbi spent in the market and they have been asking their suppliers for lower and lower costs per meter, Barlow added. This is putting enormous pressure on the market.
Companies Mentioned:
- DELIXI (Schneider)
- Hangzhou Baifu
- Henan Jinque
- Holley Metering
- Jiangsu Linyang
- LGG
- Ningbo Sanxing
- Redphase
- Shenzhen Jiangji
- Shenzhen kaifa
- Shenzhen Kelu
- Wasion Group
- XJ Group
- Zhejiang Huabang
For more information visit http://www.researchandmarkets.com/research/179664/assessment_of_chin