The Chinese market for smart water meters is growing at a rapid pace, according to a report published by research company Global Water Intelligence.
The report, entitled “China’s cities look to smarten up,” said the rise was supported by the central government’s policy of putting China at the forefront of the development of an “internet of things” (IOT).
Earlier this year, Chinese company GF Securities predicted that the Chinese market for smart water meters would grow at 19.2 percent a year over the next three years to reach a value of $570 million by 2015. Last year, smart water meters made up around 15% of total water meters procured in China.
The writers note that the Chinese government has been actively promoting the development of IOT technologies, and smart meters have been given a particular mention in several policy announcements.
For example, China’s Ministry of Industry and Information Technology last year unveiled the 12th Five-Year Plan for IOT which outlined three key areas, the smart household, smart grids and smart cities, and listed smart meters as an important industry segment. Subsequently, provinces and cities have developed their own plans to build smart infrastructure within the national regulatory framework.
Rising interest in smart meters led the Arad group to establish Arad China, a fully owned subsidiary, which operates from the city of Wuhan in the province of Hubei. Arad China manufactures and distributes Arad products and services in the Chinese territories.
Arad China recently hosted a group of 10 senior managers from water utilities and companies in China and invited them to visit the Watec Israel 2013, Water Technology and Environment Control Exhibition and Conference held in Tel Aviv in October.
The delegation spent a week in Israel and showed great interest in Arad’s smart water measurement solutions and services.