China's electrical and instrumentation industry

In the past decade, China's electrical and instrumentation industry has achieved a systematic transition from traditional metering to intelligent and digital. The market size has grown from 218 billion yuan in 2020 to 321 billion yuan in 2025, with an average annual compound growth rate of 8.1%. Among them, smart meters account for over 40% and have become the core growth engine. The industry deeply integrates the technologies of Internet of Things, AI and edge computing, and the product functions expand from a single electric energy measurement to comprehensive energy services such as power consumption behavior analysis, fault self diagnosis, and distributed energy access management, promoting the upgrading of electricity meters from 'metering terminals' to 'energy Internet of Things nodes'. The localization rate has significantly increased, with leading enterprises such as NARI Group, Kelu Electronics, and Haixing Power dominating the market. Some core chips and modules have been independently replaced, and products from companies such as Guodian NARI cover more than 100 countries worldwide. The national 'Metrology Development Plan (2021-2035)' and 'Implementation Opinions on Improving Manufacturing Reliability' continue to strengthen the independent and controllable orientation of high-end instruments, and promote the large-scale application of high-precision and high reliability instruments in key fields such as ultra-high voltage, new energy, and industrial automation. The industry is accelerating towards a high-quality development stage of green and low-carbon, unified standards, and ecological synergy.