With the development of smart urbanization in China, smart water meter, as an important part of domestic water and water management, integrates reading, analysis and application services, which greatly improves the sales volume of human resources, helps data mining in depth, and plays an important role in promoting the development of smart city. In recent years, smart water meters are popular with water companies.

With the change of global economic situation, the United States, Japan, Singapore and other developed countries have formulated smart city development strategies, started the construction of smart city, and took the new generation of information technology as a new engine to promote economic growth. Through the application of information technology in various fields such as economic transformation, urban management, green and low-carbon, smart cities at home and abroad will drive the development of smart water meters, enhance the competitiveness and innovation of intelligent water meter industry, and seize the commanding height of a new round of development.

At present, domestic water meters are mainly IC card smart water meters with remote transmission function, accounting for about 20% of the market share of intelligent water meters. With the development of urbanization level in recent years and the process of real estate smart city, the penetration rate of smart water meters is increasing year by year, and the demand for smart water services is accelerating. The proportion of intelligent remote water meters and intelligent water meters of Internet of things will also gradually increase.

At present, there are more than 600 water meter manufacturers in China, and only about 10 intelligent water meter manufacturers produce more than 10 tons. The main intelligent water meter manufacturers include Xintian technology, Sanchuan shares, Chongqing intelligent water meter, etc.

Due to the high barriers in the research and development of smart water meters, small workshop type ordinary water meter enterprises are unable to continuously update technology, which is also one of the problems faced by the development of smart water meters in China.

In the first half of 2018, the scale of China's smart water meter market reached 3.52 billion yuan, with a year-on-year increase of 23.29%. In 2017, the scale of China's smart water meter market reached 5.41 billion yuan, with a year-on-year growth of 22.39%. In 2018, the scale of China's smart water meter market is 6.67 billion yuan, and it is predicted that the scale of China's smart water meter market will exceed 10 billion yuan by 2021.

Comparison of market scale and growth rate of intelligent water meter industry in 2014-2018

Data source: smart core

At present, the penetration rate of intelligent water meters in China exceeds 18%, and the annual sales volume reaches 16 million sets. In the future, with the region of water resources management and water saving policy, the construction policies of new urbanization, smart city and water-saving city will be gradually implemented, and the urgent demand of resource conservation and construction of smart city will be urgently needed. The intelligent water meter will gradually replace the mechanical water meter, and finally complete the complete replacement.