Number of smart home electricity meter tenders in China from 2016 to 2021 with an estimate for 2022 (in millions)

The number of tenders for smart electrical meters for home-use in China amounted to ** million in 2021. The increase of tenders demonstrates a rising demand for these devices and the digitization of the electrical grid infrastructure. Smart meters provide benefits for power companies and consumers. For companies, the data collected enables more efficient management of the grid. On the consumer side, smart meters improves cost-efficient electricity consumption by avoiding peak hours, especially in conjunction with smart home devices. As a result, smart meters constitute an integral part of the smart grid.