New York, June 17, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of “Global and China Heat Meters Industry Report, 2022-2027” – https://www.reportlinker.com/p06286404/?utm_source=GNW
Over the years, China has issued a number of policies to promote the implementation and transformation of home heating meters: In 2006, China began to implement mandatory meter installation and enacted the “Energy Conservation Law of the People’s Republic of China” in the the following year, which set the goal of reforming the heating system of the legal system. In 2017, ten ministries including the National Development and Reform Commission promulgated the “Clean Winter Heating Plan for Northern Regions (2017-2021)”, according to which new residential buildings are required to install all devices for submetering and controlling the heating temperature during the construction of heating installations. In September 2020, China officially released the goal of carbon neutrality and peak carbon emissions, and the heating industry should continue to promote energy conservation and emission reduction, save consumption heat through smart equipment and using information-based systems to achieve efficient heat distribution. .
With the growth of household heating area, the domestic market demand for heat meters is also increasing. The number of heat meters sold in China increased from 3.31 million in 2016 to 4.36 million in 2021, with a CAGR of 5.7%. With the entry of emerging elements such as AI, NB-IOT and Internet of Things, the heat meter industry will continue to maintain a good development trend. Heat meter shipments in China are expected to reach 5.43 million units in 2027, growing at a CAGR of 3.7% from 2021.
In terms of the competitive landscape, the heat meter industry is generally less concentrated, and domestic manufacturers are highly suited to the needs of downstream heating suppliers and heating consuming enterprises in terms of product design, occupying a more dominant position. important, among which Ploumeter, Runa Smart Equipment, Huizhong Instrumentation and other companies occupy higher market share.
Weihai Ploumeter Co., Ltd. (called “Ploumeter”) was created in 1988 with the stock code: 832651. It is mainly engaged in the research and development and production of IOT ultrasonic metering meters, and providing total solutions for heating energy saving and smart water business based on metering data. The main products include ultrasonic heat meters and systems, ultrasonic water meters and flow meters, etc. In 2021, its revenue reached 233 million yuan, and heat meter revenue accounted for 79%.
Runa Smart Equipment Co.,Ltd. (called “Runa Smart Equipment”) was established in 2008, stock code: 301129, specializing in the research and development and production of heating energy-saving products, the design and implementation of heating energy-saving solutions, and can provide customers with the heat a full industrial chain service covering “energy measurement and data collection, intelligent energy control, data interaction and analysis management and energy saving services “, and is a smart heating supply total solution provider integrating “product + solution + service”. In 2021, its revenue reached 530 million yuan, of which 13.7% was from heat meter.
Huizhong Instrumentation Co., Ltd. (called “Huizhong Instrumentation”) was established in 1994, stock code: 300371, dedicated to the research of ultrasonic flow measurement technology and the research, development and production of ultrasonic flow measurement products. Main products include ultrasonic heat meters, ultrasonic water meters, ultrasonic flow meters and related intelligent management systems. In 2021, revenue reached 524 million yuan, heat meters contributed 27.5% of the total.
The Global and Chinese Heat Meter Industry Report 2022-2027 highlights the following:
Product definition and classification of smart meters and heat meters, including the industrial chain, etc.
Global and Chinese smart meter market segment size and structure, competitive landscape, etc.
Global and Chinese heat meter market size, product structure, demand structure, competition pattern and development trend, etc.
The operation, product and business development of 4 foreign and 6 Chinese manufacturers of heat meters, etc.
Read the full report: https://www.reportlinker.com/p06286404/?utm_source=GNW
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