With the introduction of a number of relevant policies in the field of heat metering, under the guidance of relevant policies, the stock of domestic heat meter market continues to grow. According to the data of the Thermal Energy Meter Working Committee of the China Metrology Association, the number of heat meters in China's market in 2021 will be about 41.1 million, a year-on-year increase of 9.89%, and the market stock is expected to reach 49.8 million in 2023.
2019-2023 China's heat meter industry ownership and growth rate
Source: Thermal Energy Meter Working Committee of China Metrology Association, compiled by Huajing Industry Research Institute
Smart heat meters and smart water meters are benchmarked against the heating system and water system respectively, and are the key instruments and equipment for the construction of smart cities in mainland China. The performance of ultrasonic heat meters in smart heat meters is significantly better than that of electromagnetic ones, so the market demand for ultrasonic heat meters is increasing year by year. According to the data, the demand for ultrasonic heat meters in China in 2021 was about 3.4 million, and it is expected to reach 4.1 million in 2023.
2019-2023 China's ultrasonic heat meter industry demand and growth rate
Source: Thermal Energy Meter Working Committee of China Metrology Association, compiled by Huajing Industry Research Institute
From the perspective of industry competition, the concentration of the heat meter industry is not high, and the main domestic production enterprises include Maxtor shares, Huizhong shares, Rena Intelligence, Tiangang shares, etc.
Introduction of major companies in China's heat meter industry
Source: Public information, compiled by Huajing Industry Research Institute
This article is excerpted from the "Analysis of the Current Situation, Competition Pattern and Development Prospects of China's Heat Meter Industry in 2022, Smart Heat Meter is the Key Instrument Equipment "Figure" for Smart City Construction" released by Huajing Industry Research Institute.