Good news in the gas industry continues, and the prospects for the gas meter industry are bright
Under the guidance of the policy of vigorously promoting ecological civilization and building a beautiful China, in June 2017, the National Development and Reform Commission issued the 'Opinions on Accelerating the Use of Natural Gas' and stated that by 2020, the proportion of natural gas in the primary energy consumption structure will reach 10%. Gradually cultivate natural gas as the main energy source of my country's modern energy system; in March 2018, the National Energy Administration issued the 'Guiding Opinions on Energy Work in 2018' and proposed that the proportion of natural gas consumption in 2018 will increase to about 7.5%. In the context of the country’s vigorous promotion of clean energy consumption, on March 20, as a provincial-level coalbed methane (gas) professional restructuring platform company, Shanxi Gas Group Co., Ltd. was officially inaugurated and established in the Shanxi Transformation and Comprehensive Reform Demonstration Zone. The integration and reorganization of gas resources in Shanxi Province has been fully launched; on March 19, the China Clean Development Mechanism Fund Management Center (the Ministry of Finance Government and Social Capital Cooperation Center), the Asian Infrastructure Investment Bank and Beijing Gas Group signed a contract at the Beijing Headquarters of the Asian Investment Bank. Will promote the use of clean gas energy in Beijing, and jointly carry out cooperation for the transformation and upgrading of Beijing and even China's energy structure. The promising development prospects of the gas industry also provide a rare opportunity for the development of the gas metering industry. Thanks to the rising demand for gas consumption, the demand for gas meters is also showing a trend of 'rising water and boats'. According to relevant data, in 2016, my country's gas meter output reached 41 million units, and the consumption was about 39 million units. Both the output and the demand for gas meters are increasing. At the same time, the income of gas meter companies has continued to grow. In 2017, Gold Card Intelligence achieved revenue of 1.688 billion yuan, a year-on-year increase of 97.55%; Xintian Technology achieved revenue of 745 million yuan, a year-on-year increase of 47.23%. In addition, with the continuous deepening of my country's energy consumption structure reform and the gradual implementation of the 13th Five-Year Plan for natural gas, the number of users covered by gas will show a rapid growth, which will bring tremendous pressure to the meter reading work of gas companies, and at the same time stepped gas prices. The implementation of the gas metering method also puts forward new requirements for the development of smart gas meters, providing a huge market opportunity for the development of smart gas meters. According to predictions by relevant agencies, the market space for smart gas meters in the future will reach 60 billion yuan. Under the national environmental protection and energy policy environment, 'clean and low-carbon' natural gas will gradually occupy a leading position in my country's energy consumption, and further promote the forward development of the gas metering industry. In addition, in the era of 'Internet + Gas meter companies can only achieve better development in market competition if they continuously enhance their technical strength and scientific research level, and continuously develop gas meter products suitable for market demand. (Reproduced information, for reference only)
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