The word smart city I believe we have long been no stranger. Smart city mainly by the "data collection, storage, analysis," and several other links. With the development of technologies such as Internet of Things, big data and cloud computing, the traditional meter industry is also constantly influenced by these new technologies. Some meter companies have seized this new opportunity to promote the intelligent transformation of the traditional meter.

At present, China is vigorously promoting the construction of a smart city. According to relevant research reports, during the "13th Five-Year Plan", China has advanced three batches of pilot projects in a total of 277 smart cities and achieved good results. During the 13th Five-Year Plan, the market size of smart city construction will reach 4 trillion yuan. As a key part of smart water construction in smart city construction, smart meter will usher in a huge space for market demand.

Since the first water meter was invented in Britain in the 19th century, the water meter industry has a history of over 100 years. At present, the global total annual demand for water meters is about 100 million. The major producing countries are Germany, France, Italy, the United Kingdom, Poland, the Czech Republic, China, Japan, the United States and so on. China has also become one of the major global water meter manufacturers. However, in the field of subdivision, the water meter industry in China mainly focuses on low-end products such as mechanical water meters. In the field of smart meters, the proportion of domestic enterprises in the global market share is relatively small.