Number of smart electricity meter tenders in China 2016-2021
The number of tenders for smart electrical meters in China amounted to 109 millions in 2021. The increase of tenders demonstrates a rising demand for these devices and the digitization of the electrical grid infrastructure. Smart meters provide benefits for power companies and consumers. For companies, the data collected enables more efficient management of the grid. On the consumer side, smart meters improves cost-efficient electricity consumption by avoiding peak hours, especially in conjunction with smart home devices. As a result, smart meters constitute an integral part of the smart grid.