This Market Perspective explores the development drivers, benefits, and challenges of smart electricity metering solutions in China and cites some promotion and regulation policies. Smart grid and smart electricity metering systems keep evolving with technology development, regulatory environment changes, and power demand growth. Technical suppliers need to develop tailored solutions addressing utility companies' key concerns in technology and management, optimize the solutions according to regulatory policy requirements, and adopt new technology to enhance the interaction between users and utility companies.
"As the massive deployment of smart electricity metering solutions in China is almost complete, most investments are turning to systems upgrades," says Richard Lu, research manager of internet of things, IDC China. "To accelerate project implementation, technology suppliers need to partner with the systems vendors of utility companies and focus on emerging technologies and security solutions," he adds.