Home> Blog> Smart power meter socket market has good prospects for development

Smart power meter socket market has good prospects for development

March 31, 2022

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Smart grid technology will greatly increase the reliability of power systems, reduce energy losses, delay and reduce the need for new energy sources and loads. This technology is a major change in the power industry and will also promote social, economic and environmental development. It can be seen that the development of smart grid technology in the next few years is also reasonable. This brings opportunities and challenges for distribution network system upgrades, substation automation and power transmission, smart grid networks and smart meters.

Today, the use of artificial intelligence in modern instrumentation makes it possible not only to solve the type of problems that conventional methods cannot solve, but also to solve problems that cannot be solved by traditional methods. The integration of artificial intelligence and the development of modern instruments and meters, and the creation of smart instruments and meters have important significance for the construction of smart grids.

Judging from the situation in the past three years, the sales volume of the smart power meter industry in China was less than 2.5 million units in 2010, increasing to about 3.3 million units in 2011. This figure exceeded 4 million units last year. In the past three years, the average annual compound growth rate reached 29.62%.

According to the development plan of the State Grid Corporation of China, the development of the smart grid in China will go through three stages of development, namely, technology research and development and standard development, comprehensive construction and improvement. At present, the development of China's smart grid has entered a phase of comprehensive construction and has generated a huge market demand for smart power meters.

After 2016, China's smart grid will enter the stage of perfect improvement, and it will upgrade some of the old and old meters. The industry expects the growth of the smart power meter market will exceed 40% after 2016.


It is believed that many people have forgotten to close their sockets when using electrical appliances. The consequences of forgetting are often the damage to the items or some safety incidents. Now, in order to prevent the occurrence of these electricity accidents, there is more material on the market called Timer switch sockets. Its use reduces our safety risks and solves our problems. 


If you want to know more about energy-saving sockets, you can enter the company's official website for more information https://www.cowellsocket.com/

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