Electricity Supply Meter Market in China
Market Overview
In 
, the Chinese electricity supply meter market decreased by -% to $, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, enjoyed a measured expansion. Electricity supply meter consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.
In value terms, electricity supply meter production amounted to $ in estimated in export price. Over the period under review, production showed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of %. Over the period under review, production hit record highs at $ in ; however, from to , production remained at a lower figure.
, the Chinese electricity supply meter market decreased by -% to $, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, enjoyed a measured expansion. Electricity supply meter consumption peaked at $ in ; however, from to , consumption stood at a somewhat lower figure.In value terms, electricity supply meter production amounted to $
in estimated in export price. Over the period under review, production showed resilient growth. The pace of growth was the most pronounced in 2017 with an increase of %. Over the period under review, production hit record highs at $ in ; however, from to , production remained at a lower figure.Consumption
In , consumption of electricity supply or production meters decreased by -% to units, falling for the second year in a row after three years of growth. In general, consumption, however, continues to indicate a pronounced increase. Over the period under review, consumption reached the maximum volume at units in ; however, from to , consumption remained at a lower figure.
The revenue of the electricity supply meter market in China declined to $ in , leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded temperate growth. Electricity supply meter consumption peaked at $ in ; however, from to , consumption failed to regain momentum.
, consumption of electricity supply or production meters decreased by -% to units, falling for the second year in a row after three years of growth. In general, consumption, however, continues to indicate a pronounced increase. Over the period under review, consumption reached the maximum volume at units in ; however, from to , consumption remained at a lower figure.The revenue of the electricity supply meter market in China declined to $
in , leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded temperate growth. Electricity supply meter consumption peaked at $ in ; however, from to , consumption failed to regain momentum.Market Forecast
Driven by increasing demand for electricity supply or production meters in China, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of electricity supply meter in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for electricity supply meter.
Trade Balance
China remains a net exporter of electricity supply meter; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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