Cover Image
Market Research Report
Product code 
1067787

Europe Smart Meter Market Outlook, 2027

Published: | Bonafide Research & Marketing Pvt. Ltd. | 95 Pages | Delivery time: 1-2 business days

Price

Back to Top
Europe Smart Meter Market Outlook, 2027
Published: April 1, 2022
Bonafide Research & Marketing Pvt. Ltd.
Content info: 95 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

Germany's path to smart metering is long and vigorous, with a unique tailored rollout strategy to avoid pitfalls that are largely faced by new adopters. Germany has a decentralized energy supply system that lures in smart meters for future smart grid pursuits. National Cyber Security Centre which is part of Government Communications Headquarters (GCHQ) along with industry experts have developed smart metering infrastructure across European region. It is separate from Internet of Things and uses a secure system, that only authorized paties such as energy supplier and network companies have access to. Personal details are never stored in these smart meters. EON was the first energy supplier in Germany to install 20,000 smart meters with AMI technology in 2020. However, Germany lags behind in smart meter installations as compared to Sweden where EON organized first roll out of 1 Lakh smart meters during 2004-2009 and will rise over the forecast period as well. 2.5 million Units have been already installed in United Kingdom. Further, the German smart meter rollout plan states that every meter should be a smart meter by the end of 2032.

According to the report title "Europe Smart Meter Market Outlook, 2027", published by Bonafide Research, the Smart Meter market is anticipated to grow at a CAGR of 5.54% during the forecast period. Globally Germany ranks third in the smart meter market and expected to reach value of USD 1.23 Billion by the end of 2027. Markets in Germany and France are developed while Russia is rapidly adapting to smart meters during the forecast period. After successful adoption of smart electric meters by residential users across Europe, the trend is now followed by adoption of smart water meters, to avoid wastage or overuse of water and ultimately save these scarce resources. AMR meters were rapidly replaced by the AMI technology meters at a CAGR of 7.61% during the historic period across Europe region. 81% of the market share is occupied by the residential users while commercial users are gaining traction in the market towards smart electric meters. Varied software's and applications are being developed by utility providers to ease the access and give more functionality to the users.

Communications are made easy now a day with the help of utility back office through wireless connectivity. The 3GPP based LPWA connectivity services have bolstered the growth of smart meters drastically across Europe during the past years. NB-IOT and LTE-M communications have now entered into commercial smart meter markets in the European markets and further are expected to grow over the future years. The future belongs to 5G technology and millions of sensory connectors that too in a limited space area. This technology is proving to be a major booster for water smart meters that will enable real time consumption readings, detect network failures and leaks earlier so that it can be resolved faster. The communication process between the user and the utility provider would be quicker than before. One of the recent partnerships was formed between telco Orange, and Valencia Water Company, Global Omnium and 5G R&D Company Fivecomm. In Italy RF 169 MHz networks are largely used as they use less energy over GPR. However, a leading company Fortuna in Italy is expected to change this as NB-IOT in the coming years due to its ability to provide long distance range connectivity. The company also expects that 5G technology will bring in new opportunities within the communications and smart meter projects. It will result into fast smart meter data telemetry and support the growth of smart cities.

Nearly 150 Million smart electric meters were installed across European homes by the end of 2020 with 49% penetration rate. Further it is expected to cross 250 million units by 2027. The European smart gas meter market will increase to 70 million units by 2027. It is expected that 80% of European consumers will have smart electric meter installed and 45% will have smart gas meter installed by 2027. Currently the cost of installing a smart meter is around European Pound 180 to 200. According to a survey, a smart electric meters saves European pounds 270 and for gas European Pounds 230 with an average energy savings of 2% to 10%. Hydrogen is capable of de-carbonization, as a result of which the companies are leveraging existing gas infrastructure with it. At present the smart gas meters measure when 10% hydrogen is there. New smart gas meters are expected to be rolled out in the market in coming years to read when 100% hydrogen.

COVID-19 pandemic has decelerated the growth of the smart meters due to the implement of lockdown in almost all the major countries and halt the non-essential operations. This adversely affected the smart meters owing to less focus on development of end user's industry. Apart from this, manufacturing and supply chain delays were also witnessed which poised a challenge to the smart meters. Manpower that is required for initial layout of meters and installations carried out was also affected as movement of people was restricted. A number of smart gas rollout projects had a breakdown due to covid-19 pandemic but after the situations smoothen up the companies are extensively working to meet the targets set by governments and the European Commission.

Major Companies present in the market:

Kamstrup A/S, Aclara Technologies LLC, Osaki Electric Co. (Edmi), Holley Technology Ltd, ZPA Smart Energy, Secure Meter Limited, Xemex, EMH Metering GmbH & Co. KG, KAMSTRUP A/S, Schneider Electric SE, Landis+Gyr, Itron Inc., Siemens AG, Badger Meter, Inc., Xylem Inc. (Sensus), Honeywell International Limited (Smart Energy), Diehl Stiftung & Co. KG, Zenner International GmbH & Co. KG

Considered in this report

  • Geography: Europe
  • Historic Year: 2016
  • Base year: 2021
  • Estimated year: 2022
  • Forecast year: 2027

Aspects covered in this report

  • Europe Smart Meter market with its value and forecast along with its segments
  • Country wise market analysis
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Countries covered in the report

  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Russia

By Type of Smart Meter in the report:

  • Electricity Meter
  • Gas Meter
  • Water Meter

By End User of Solid-State Drive in the report:

  • Residential
  • Industrial
  • Commercial

By Technology in the report:

  • Automotive Meter Reading
  • Advanced Metering infrastructure

By Component in the report:

  • Hardware
  • Software & Services

By Phase in the report:

  • Single Phase
  • Three Phase

By Communication Type in the report:

  • Cellular Technology
  • Radio Frequency
  • Power Line communication
  • Other Communication Types

The approach of the report:

This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience

This report can be useful to industry manufactures, consultants, Key vendors related to Smart meter & Utility providers etc. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Product Code: 220349943

Table of Contents

1. Executive Summary

2. Report Methodology

3. Market Structure

  • 3.1. Market Considerate
  • 3.2. Market Definition

4. Economic /Demographic Snapshot

5. Global Smart Meter Market Outlook

  • 5.1. Market Size By Value
  • 5.2. Market Share
    • 5.2.1. By Region
    • 5.2.2. By Country
    • 5.2.3. By Company
    • 5.2.4. By Type
    • 5.2.5. By End User
    • 5.2.6. By Communication Type
    • 5.2.7. By Phase
    • 5.2.8. By Technology
    • 5.2.9. By Component

6. Europe Smart Meter Market Outlook

  • 6.1. Market Size By Value
  • 6.2. Market Share
    • 6.2.1. By Country
    • 6.2.2. By Type
    • 6.2.3. By End User
    • 6.2.4. By Technology
  • 6.3. Germany Smart Meter Market Outlook
    • 6.3.1. Market Size By Value
    • 6.3.2. Market Share
  • 6.4. UK Smart Meter Market Outlook
    • 6.4.1. Market Size By Value
    • 6.4.2. Market Share
  • 6.5. France Smart Meter Market Outlook
    • 6.5.1. Market Size By Value
    • 6.5.2. Market Share
  • 6.6. Italy Smart Meter Market Outlook
    • 6.6.1. Market Size By Value
    • 6.6.2. Market Share
  • 6.7. Spain Smart Meter Market Outlook
    • 6.7.1. Market Size By Value
    • 6.7.2. Market Share
  • 6.8. Russia Smart Meter Market Outlook
    • 6.8.1. Market Size By Value
    • 6.8.2. Market Share

7. Market Dynamics

  • 7.1. Key Drivers
  • 7.2. Key Challenges

8. Market Trends and Developments

  • 8.1. XXXXXX
  • 8.2. XXXXXX
  • 8.3. XXXXXX

9. Company Profiles

  • 9.1. Schneider Electric SE
  • 9.2. LANDIS+GYR
  • 9.3. Itron Inc.
  • 9.4. Siemens AG
  • 9.5. Badger Meter, Inc.
  • 9.6. Xylem Inc. (Sensus)
  • 9.7. Honeywell International Limited (Smart Energy)
  • 9.8. Kamstrup A/S
  • 9.9. Aclara Technologies LLC
  • 9.10. Osaki Electric Co.
  • 9.11. Holley Technology Ltd
  • 9.12. ZPA Smart Energy
  • 9.13. Secure Meter Limited
  • 9.14. Xemex
  • 9.15. EDMI Limited
  • 9.16. EMH Metering GmbH & Co. KG
  • 9.17. Diehl Stiftung & Co., KG
  • 9.18. Zenner International GmbH & Co. KG

10. Strategic Recommendations

11. Disclaimer

List of Figures

  • Figure 1: Global Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
  • Figure 2: Global Smart Meter Market Share By Type (2016, 2021&2027F)
  • Figure 3: Global Smart Meter Market Share By Communication Type (2016, 2021&2027F)
  • Figure 4: Global Smart Meter Market Share By Phase (2016, 2021&2027F)
  • Figure 5: Global Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 6: Global Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 7: Europe Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
  • Figure 8: Europe Smart Meter Market Share By Type (2016, 2021&2027F)
  • Figure 9: Europe Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 10: Germany Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
  • Figure 11: Germany Smart Meter Market Share By Type (2016, 2021&2027F)
  • Figure 12: Germany Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 13: UK Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
  • Figure 14: UK Smart Meter Market Share By Type (2016, 2021&2027F)
  • Figure 15: UK Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 16: France Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
  • Figure 17: France Smart Meter Market Share By Type (2016, 2021&2027F)
  • Figure 18: France Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 19: Italy Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
  • Figure 20: Italy Smart Meter Market Share By Type (2016, 2021&2027F)
  • Figure 21: Italy Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 22: Spain Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
  • Figure 23: Spain Smart Meter Market Share By Type (2016, 2021&2027F)
  • Figure 24: Spain Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 25: Russia Smart Meter Market Size By Value 2016 to 2027F (In USD Billions)
  • Figure 26: Russia Smart Meter Market Share By Type (2016, 2021&2027F)
  • Figure 27: Russia Smart Meter Market Share By Technology (2016, 2021&2027F)
  • Figure 28: Market Attractiveness Index, 2021
  • Figure 29: Market Attractiveness Index, 2027F

List of Tables

  • Table 1: Top 10 Counties Economic Snapshot 2020
  • Table 2: Economic Snapshot of Other Prominent Countries 2020
  • Table 3: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
  • Table 4: Global Smart Meter Market Share By Region (2016, 2021&2027F)
  • Table 5: Global Smart Meter Market Share By Country
  • Table 6: Global Smart Meter Market Share By Company (2020)
  • Table 7: Global Smart Meter Market Share By End User 2016 to 2027F
  • Table 8: Europe Smart Meter Market Share By Country (2016, 2021&2027F)
  • Table 9: Europe Smart Meter Market Share By End User 2016 to 2027F
  • Table 10: Germany Smart Meter Market Share By End User 2016 to 2027F
  • Table 11: UK Smart Meter Market Share By End User 2016 to 2027F
  • Table 12: France Smart Meter Market Share By End User 2016 to 2027F
  • Table 13: Italy Smart Meter Market Share By End User 2016 to 2027F
  • Table 14: Spain Smart Meter Market Share By End User 2016 to 2027F
  • Table 15: Russia Smart Meter Market Share By End User 2016 to 2027F
  • Table 16: Key Facts of Schneider Electric SE
  • Table 17: Key Facts of LANDIS+GYR
  • Table 18: Key Facts of Itron Inc.
  • Table 19: Key Facts of Siemens AG
  • Table 20: Key Facts of Badger Meter, Inc.
  • Table 21: Key Facts of Xylem Inc. (Sensus)
  • Table 22: Key Facts of Honeywell International Limited (Smart Energy)
  • Table 23: Key Facts of Kamstrup A/S
  • Table 24: Key Facts of Aclara Technologies LLC
  • Table 25: Key Facts of Osaki Electric Co.
  • Table 26: Key Facts of Holley Technology Ltd
  • Table 27: Key Facts of ZPA Smart Energy
  • Table 28: Key Facts of Secure Meter Limited
  • Table 29: Key Facts of Xemex
  • Table 30: Key Facts of EDMI Limited
  • Table 31: Key Facts of EMH Metering GmbH & Co. KG
  • Table 32: Key Facts of Diehl Stiftung & Co., KG
  • Table 33: Key Facts of Zenner International GmbH & Co. KG