Market size and future development trend of China's electric meter box industry

In recent years, with the development of the State Grid Corporation of China and the investment in the construction of high-voltage power grids in various parts of China, the electric meter box industry in China has developed rapidly, and the market size has continued to expand, which has also brought great impetus to China's economic development.

According to the Market Research Online website's report on the current market situation and future development trends of China's electric meter box industry from 2023 to 2029, the market size of China's electric meter box industry reached 140 billion yuan in 2018, a year-on-year increase of 7.7%. According to the analysis of the market research report on the current situation and future development trends of China's electric meter box industry from 2023 to 2029 released by Market Research Online, in 2018, the Chinese electric meter box industry produced more than 28 million electric meter boxes, among which the production of electric meter box products accounted for the largest proportion, reaching over 80%.
The Chinese electric meter box industry will continue to maintain a good development momentum in the future, mainly supported by investment in power grid construction. Firstly, due to the long-term development of the power industry, the construction of high-voltage power grids will continue to strengthen, which will provide more development opportunities for the meter box industry. Secondly, the development of smart meter boxes will also drive the growth of the meter box industry. The smart meter box can monitor the electricity consumption status in real time, improve electricity efficiency, and help improve the quality of electricity consumption. In the future, the market demand will increase.