PMICs are used to manage power of an electronic device or in modules on devices that have a range of voltages. PMICs are highly efficient and are generally used for voltage conversion. It is highly compact, smaller in size, and suitable for hard to reach places in an electronic device. PMICs are primarily termed as solid-state drives, playing a vital role for controlling the direction and flow of electric power to perform basic electrical functions such as voltage conversion, power source selection, voltage scaling, and power sequencing. The scope of the report discusses the potential opportunities for the key players to enter the global power management integrated circuits market. Furthermore, it provides an in-depth analysis of the market, outlining current trends, key driving factors, and key area of investment. The report includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder in the value chain. Moreover, it features the strategies adopted by key market players to maintain their foothold in the market.

Solar water heater, also known as domestic hot water system, is generally used as a cost-effective energy solution for hot water. It consists of solar collector and water tank. Solar water heater can be effective under different climate conditions and in isolated areas. This study provides information on the usage of solar water in various end-use industries. The market is segmented on the basis of type (glazed, unglazed), capacity (100 liter, 150 liter, 200 liter, and others), end user (residential, commercial, and industrial), and region (North America. Europe, Asia-Pacific, and LAMEA). The global solar water heater market analysis covers in-depth information about major industry participants. Some of the major players in the market include Himin Solar Energy Group, V-Guard Industries Ltd, Ariston Thermo SpA, KODSAN Company, Solav Energy, Zhejiang JiaDeLe Solar Co., Ltd., Sunpower Corporation, A.O. Smith, and Alternate Energy Technologies.

电池级溶剂技术难度高、行业格局优，未来市场空间宽广，属于新能源汽车产业链中的较优赛道，而当前受新能源汽车高景气影响，电池级溶剂需求旺盛，供给偏紧，整体价格存在上涨可能，当前产业链盈利也较为可观，我们判断相关的电池级溶剂企业盈利相较2020 年有望得到明显改善，建议关注石大胜华(603026，未评级)、新宙邦(300037，增持)、奥克股份(300082，买入)。

中欧美三大市场政策向好，全球电动化趋势明确。热门车型频出，优质供给将激发终端消费需求，国产特斯拉Model Y 和大众ID.4 今年开始销售，将带动行业销量高增长，我们预计今年全球新能源汽车销量将达到450 万辆以上。动力电池领域全球市场格局持续集中，宁德时代和LG 保持强势，同时二线电池企业加速扩产，外资车企客户不断拓展。磷酸铁锂正极材料阶段性占比提升，盈利触底反弹；三元正极行业格局随着高镍化和海外大客户放量而逐渐好转。负极环节格局相对稳定，第一第二梯队间公司差距逐渐缩小，未来看点或在硅碳负极。隔膜龙头优势持续扩大，海外和涂覆膜占比提升将带来盈利边际改善。电解液受益于六氟磷酸锂价格上涨，盈利有望持续提升。建议关注：（1）特斯拉及海外供应链：宁德时代、恩捷股份、天赐材料、当升科技、璞泰来、科达利。（2）阶段性供应紧张，有涨价预期环节：多氟多、德方纳米。（3）市场份额有较大提升空间的二线厂商：孚能科技、亿纬锂能、容百科技、中科电气、星源材质。

Smart meter data management is a software, which is used to validate, store, and make pre-processed meter data available for upstreaming the business application. In addition, smart meter is used by various key vendors for different purposes, which include helping organizations to manage their revenue by improving the meter quality & billing quality, providing accurate bill to end users, and helping consumers to improve their energy efficiency. The smart meter management system offers various advantages over the tradition metering system, including detection of energy theft, estimate meter readings, and better overall energy efficiency.

投资建议：对于电力板块，2020 年 1-11 月份用电量增长 2.5%，可见电力行业已经恢复到疫情前水平，各电力企业发电量预计与去年持平，电力公司整体业绩趋稳，但展望明年，境外疫情依然严重，制造业用电能否企稳增长尚存疑虑，建议配置不受疫情和供需影响的水电、核电公司。对于天然气板块，随着LNG 价格长期低迷，建议关注气源成本下降的深圳燃气。环保方面，固废运营类企业如垃圾焚烧与环卫行业，行业景气度高，垃圾焚烧由于环保排放趋严+国补政策退坡，环卫服务行业由于项目大型化、电动化趋势，龙头企业将受益行业集中度提升，推荐标的瀚蓝环境、城发环境、龙马环卫。

今日，国家统计局发布2020 年12 月发电量数据：2020 年12 月全国统计口径发电机组完成发电量7277 亿千瓦时，同比增长9.1%。

国家统计局公布12 月能源生产数据：发电量7277 亿千瓦时，同比增加9.1%；原煤产量3.5 亿吨，同比增加3.2%；天然气产量187 亿方，同比增加13.7%。