Smart instrumentation will be the future of the instrument industry

Industry strategy: We believe that the freezing of the NB-IoT protocol is expected to promote the development of the smart watch industry. The future application prospects in the field of the Internet of Things are broad, and the smart watch industry is expected to usher in a period of accelerated growth. We believe that competitive companies in the industry will gradually explore the transition from pure equipment sales to“equipment + operation”business model. In contrast, we are particularly optimistic about the water meters inside the four meters. Whether from the increase in permeability or from the imagination of the business model, the development potential of smart water meters is greater. Recommended combination: We focus on recommending companies with competitive advantages in the smart water meter industry, including Sanchuan Wisdom, a leading enterprise in the domestic water meter industry, and Xintian Technology, which covers the entire smart meter industry. In addition, other recommended targets include Jinka shares, a leader in the domestic civil gas meter industry, and Huizhong shares, a leader in the domestic ultrasonic flow measurement industry. Industry perspective NB-IoT technology is expected to lead to industry changes. The traditional smart meters have the following main problems: IC card meters consume a lot of power and hardware maintenance is frequent, the cost of photoelectric direct reading wiring is high, the cost of wireless remote transmission equipment is high, and the application environment is high. The promotion of NB-IoT technology will effectively solve the above problems, the reduction of chip cost will help the rapid promotion of products, and the industry is expected to usher in an accelerated period. Smart water meter is the sub-industry with the most development potential. At present, the penetration rate of smart water meters is still only about 15%, and driven by the policy of reforming one meter per household and the goal of building a smart water network, smart water meters will be the first choice. Therefore, we believe that the growth potential of the smart water meter industry is relatively certain, and related companies will face a large downstream market space in the future, and the industry prospects are promising. The implementation of smart water meters is the basic link to realize smart water affairs, and the market space for smart water affairs transformation can reach 100 billion. In recent years, the country has begun to vigorously advocate the construction of smart cities, and strive to achieve the goal of smart water construction; at the same time, the strategic cooperation between my country's water meter industry and the information technology industry has been advancing rapidly, aiming to reduce the leakage rate of the pipe network and the difference between production and sales of tap water, and improve the Management and profitability of water utilities. According to the national average annual water supply volume of 600 billion tons and the average water supply price of 2 yuan/ton, it is estimated that the gap between production and sales can be reduced by about 10% after smart water renovation, and the market space for smart water renovation can reach 120 billion yuan. The development of the smart watch industry will further build my country's energy Internet of Things system. At present, my country's smart gas meter industry is ushering in a period of expansion of market demand, and smart meters will usher in a large number of replacement needs while continuing to improve their coverage. Currently, natural gas“Twelve Five”The plan has been fully implemented, and the country is striving to reach 420 billion cubic meters of natural gas supply capacity by 2020, which will further promote the development of the smart gas meter industry. The transformation and popularization of smart meters since 2010 also makes the smart meters enter the replacement cycle. It is estimated that between 2016 and 2020, the installed volume of smart meters in China will grow at an average rate of 5.75%, and the market size will expand by 3.14%. Therefore, we believe that the rapid development of the smart meter industry will further accelerate the construction of my country's energy Internet of Things system