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RFID Usage Scenarios and Market Expectations in the Power Industry

September 01, 2023

UHF RFID tags are widely used in the power market, the most typical scenario is that each meter is fitted with RFID tags for management, in addition, the power system maintenance tools, distribution systems and asset management within the power system is very common use.

 


Take the annual new meter data of the State Grid as an example:

 

Market Summary:

1, from the above chart can be found, China's national grid bidding quantity is cyclical, in 2017, at the bottom, only more than 30 million, general meter replacement

The general meter replacement cycle is 8 years, so the last few years in the rising period, the normal annual increment of 70-80 million new, but in 2020, because of the epidemic, resulting in the market

However, in 2020, because of the epidemic, the market shrinks seriously, plus the number of electricity meter renewal of the Southern Power Grid, it is expected that the number of new meters each year is about 100 million, and each meter generally uses 2-3 RFID tags for different business management.

Each meter generally uses 2-3 RFID tags for the management of different businesses, therefore, only one meter, the annual RFID tag market potential is about 200-300 million.

2, in addition to the meter, in recent years, RFID tags in the electric power system for all aspects of the promotion speed is also very rapid, RFID tags popularity and the power system of the various links, according to our research, the RFID tags in the electric power system.

According to our research, the annual RFID tag usage of the State Grid + South Grid system has reached about 300 million.

3, the power field for the reader product consumption is relatively large, so the power industry RFID output value is relatively high.


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