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Europe Smart Meters Market Outlook to 2028

Europe Smart Meters Market Outlook to 2028

Market Research Reports | Q1 2024 | Report ID: BR0291

About the Report

In European Union, Government mandates, particularly in the United Kingdom, Spain, and France, are likely to boost growth in the smart meter industry. Furthermore, several eastern European countries are considering smart metering to reduce energy theft acts as ancillary drivers of the market.

 

The key advantages provided by smart meters are detection of any leakages in the supply, continuous monitoring of the electricity, gas, and water flow, and detection of any theft in the supply, many of which contribute to the overall market growth. Furthermore, smart meters aid in the removal of manual monthly meter readings and maximize profit with current resources.

 

Great Britain shows statistics that the installed number of smart meters has grown rapidly. The Department for Business, Energy, and Industrial Strategy (BEIS) leads the Smart Metering Implementation Programme, governed by the Office of Gas and Electricity Markets (Ofgem) and distributed by power companies and supplied by energy companies.

 

The COVID19 outbreak has had a severe impact on the smart meter sector. At the onset of the epidemic, the major issue for many smart meter producers was the lack of supplies due to suspended manufacturing. Nonessential firms and demand for residential, commercial, and industrial usage of smart meters have been reduced due to lockdown measures. 

 

As a result, smart meter manufacture and supply are reverting to normal levels. Several manufacturers have begun to see sales recover. Although the COVID-19 epidemic has temporarily halted fieldwork on some major smart metering projects, the market is anticipated to remain healthy, with the total number of smart meter shipments remaining relatively unaffected.

 

Key Market Trends:

  • Itron states that the new eHZ-B smart meter, which fulfills standards and regulations in the German energy market, was created with expanded capabilities to expedite the development of advanced metering infrastructure across Europe.
  • Lithuania's distribution operator, Energijos skirstymo operatorius (ESO), initiated Smart grid program, which Sagemcom will deliver under a contract worth approximately €75 million ($90 million) supply of 1.2 million smart meters as well as data aggregation and information technology management solutions.

 

The report explores the existing market demand in European Union and its prospects. The research provides a deep analysis of the major aspects influencing the growth of Europe’s Smart Electric Meter Market.

 

The report also addresses present and future market opportunities, market trends, developments, and impact of covid-19 on the Smart Meter Market, important commercial developments, regions, and segments poised for the fastest growth, competitive landscape, and impact of Covid-19 on the Smart Meters Market in European Union. Further, the smart meters market size, demand forecast, and growth rates will also be provided in the report.

  Table of Contents

1. Executive Summary

2. Research Scope and Methodology

3. Market Analysis

  • 3.1 Introduction
  • 3.2 Market Dynamics
    • 3.2.1. Drivers
    • 3.2.2 Restraints
  • 3.3 Market Trends & Developments
  • 3.4 Analysis of Covid-19 Impact
  • 3.5 Market Opportunities
  • 3.6 Market Size and Forecast

4. Industry Analysis

  • 4.1 Supply Chain Analysis
  • 4.2 Porter’s Five Forces Analysis

5. Market Segmentation & Forecast

  • 5.1 By Type
    • 5.1.1 Smart Electric Meters
    • 5.1.2 Smart Water Meters
    • 5.1.3 Smart Gas Meters
  • 5.2 By Communication Technology
    • 5.2.1 Power Line Communication
    • 5.2.2 Cellular
    • 5.2.3 Radio Frequency (RF)

6. Regional Market Analysis

  • 6.1 United Kingdom
  • 6.2 Spain
  • 6.3 France
  • 6.4 Germany
  • 6.5 Italy
  • 6.6 Rest of Europe

7. Key Company Profiles

  • 7.1 Kamstrup A/S
  • 7.2 Echelon Corporation
  • 7.3 Itron Inc.
  • 7.4 Landis+Gyr Group AG
  • 7.5 eMeter Corporation
  • 7.6 General Electrical Company

8. Competitive Landscape

  • 8.1 List of Notable Players in the Market
  • 8.2 M&A, JV, and Agreements
  • 8.4 Strategies of Key Players

9. Conclusions and Recommendations

List of Tables & Figures

Abbreviations

Additional Notes

Disclaimer

  This report helps to:-

  • Gain a deeper understanding of the impact of COVID 19 on the smart meters market in the Europe.
  • Equip yourself with rigorous analysis and forward-looking insight into the smart meters market in the Europe region.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development
  • Assess market data and forecasts to understand how the demand for different segments evolve over the next five years
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JV’s and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Who need this report?

  • OEMs
  • Contract Manufacturers & Suppliers
  • Utilities & IPPs
  • Raw Materials & Component Suppliers
  • Investor Community
  • Government Bodies & Industry Organizations
  • Others 

  What's included

Report - Europe Smart Meters Market Outlook to 2028.pdf
Market Data - Europe Smart Meters Market Outlook to 2028.xls

  Why buy this report?

  • Gain a deeper understanding of the impact of Covid-19 on the <Europe Smart Meters Market>.
  • Equip yourself with rigorous analysis and forward-looking insights into the <Europe Smart Meters Market> across multiple regions.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market size data and forecasts to understand how the demand across various segments evolves over the next few years.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position

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