Product Application
The new multifunctional power meter is an emerging industry in the electrical instrument industry, which belongs to the installation type digital instrument and evolved from analog pointer instruments and power transmitters. With the development of computer technology, it has been widely used in buildings such as office buildings, shopping malls, hotels, sports venues, government agencies, industrial and mining enterprises such as metallurgy, coal, chemical, papermaking, as well as infrastructure such as rail transit, airports, docks, tunnels, etc. Realize the measurement, metering, analysis, diagnosis, control, and protection of electrical parameters in the power grid, with analog output and standard communication interfaces. In different application scenarios and with different combinations of functions, instruments can be simple or complex, but can be roughly divided into three categories: monitoring and protection instruments, energy analysis and management instruments, and electrical safety instruments. To adapt to the structure and installation characteristics of the switchgear in the power supply and distribution system, there are two installation methods: embedded and rail mounted.

(1) Construction field
Building energy consumption, industrial energy consumption, and transportation energy consumption are known as the three major energy consumers in China. In recent years, the problem of high energy consumption in office buildings and large public buildings has become increasingly prominent. According to statistics, the annual electricity consumption of office buildings and large public buildings accounts for about 22% of the total urban electricity consumption in China. The 12th Five Year Plan for Building Energy Efficiency clearly proposes to achieve measurable and measurable energy consumption of public buildings through energy consumption statistics, energy audits, sub item measurement, dynamic monitoring, and other means, and to achieve a 10% reduction in energy consumption per unit area of public buildings during the 12th Five Year Plan period. Users can collect energy consumption and power system operation information of air conditioning, HVAC, elevators, lighting, and even various floors inside the building through intelligent power meters and power monitoring systems. Through it, building owners and researchers can intuitively grasp energy consumption data and operation information, so as to carry out energy-saving control transformation and operation management optimization according to the characteristics of building energy consumption.
(2) Industrial sector
During the 11th Five Year Plan period, the total industrial energy consumption in China has increased year by year, accounting for about 73% of the total energy consumption in 2017, up from 70.9% in 2005. The energy consumption of the six high energy consuming industries, including steel, non-ferrous metals, building materials, petrochemicals, chemicals, and electricity, has increased from 71.3% in 2005 to about 77% in 2017. In February 2012, the Ministry of Industry and Information Technology released the "12th Five Year Plan for Industrial Energy Conservation", proposing the implementation of nine key energy-saving projects, including the construction of enterprise energy control centers, to improve the energy utilization efficiency of enterprises. The energy management system and related solutions based on intelligent power meters can effectively monitor and analyze energy consumption, thereby helping industrial enterprises improve their energy management level. It can be foreseen that with the deep integration of industrialization and informatization, and the rise of contract energy management models in various industries, the application of intelligent power meters in the industrial field will be more extensive and in-depth.
(3) Infrastructure
The application of intelligent power meters and related system solutions in the field of infrastructure includes railway, municipal, power grid, rail transit, water affairs, environmental protection, communication and other fields. In infrastructure, especially in the fields of power grid, rail transit, communication, etc., high requirements are placed on the safety and stability of equipment operation. Various types of power detection instruments, multifunctional meters, harmonic meters, and power quality analysis instruments have a broad application market. Intelligent power meters are also becoming a fundamental component of smart grids and the Internet of Things, playing an increasingly important role in the field of infrastructure.
market size
According to data from the China Instrument and Meter Industry Association, in recent years, the total output of electrical instruments and meters in China has maintained overall growth with significant fluctuations in growth rate. In 2016, the total industrial output value reached 45.67 billion yuan, a year-on-year increase of 81.8%. From 2016 to 2017, the annual compound growth rate of the total output value of China's electrical instrumentation industry reached 58.5%. Overall, in recent years, China's electrical instrumentation industry has maintained a relatively fast growth rate.
The intelligent power instrument industry is a relatively fast-growing field in electrical instrumentation, with strong downstream industry driving capabilities. According to data from the China Electrical Instrument and Meter Information Network, the market size of intelligent power instruments in China has increased from 1.62 billion yuan in 2007 to 3.35 billion yuan in 2017, with an average annual compound growth rate of 19.9%.