Market Research Report
Italy Smart Meter Market Overview, 2027
|Italy Smart Meter Market Overview, 2027|
Published: June 2, 2022
Bonafide Research & Marketing Pvt. Ltd.
Content info: 46 Pages
Delivery time: 1-2 business days
Technically lifespan of any communication equipment is 10 to 15 years, that means the meters rolled out between 2001 and 2006 needs to be replaced with second generation meters in Italy. Also, the design and technology framework becomes outdated as the technologies are ever evolving to new levels with continuos research & development activities. The digitalization demands for advanced metering to increase functionality and performance. The rising concerns of carbon emission and effective use of energy resources efficiently is driving the demand for smart meters in Italy. Further the research and development in the smart grid technologies is bolstering he growth with next generation AMI smart meters that enables real time reading and two way communications between the utility provider and consumer. Rapid industrialization is another major factor driving the smart meter market ahead in coming years.
According to the report title "Italy Smart Meter Market Overview, 2027", published by Bonafide research, the smart meter market in Italy is expected to grow over 5% during the forecast period ending 2027. The smart meter market of Italy grew by 25% during the historic period 2016-2021. Smart gas meter have less than 10% market share as they are in their initial phase of deployment and still a lot of work needs to be undertaken. However, it is steady in growth as it demands for careful layout plans else can be fatal to manpower working with them. The smart water meters have rapidly being installed around the country as consumers demand for second generation water meters. This is due to consumers want to monitor their real time use of water and avoid unnecessary wastage caused and decrease the final meter readings and thus overall billing amounts. Smart electric meters have the first mover advantage as they were the first to be replaced with AMI meters. The consumers find real time readings of their energy uses quite useful and deviate to non peak hours to reduce tariffs.
The AMI meters enable users with every 15 minutes readings to consumers and easy of changing suppliers quickly without consuming more time. It also detects faults by acting as a sensor thus enabling continuous supply without interruptions. It works on dual PLC and Rf 169 MHz communication paths to comply with new regulations. With these new generation meters the average number of interrupted minutes has gone down from 128 minutes to 49 minutes and also the costs from 80 Euros to 49 Euros per customer per year.
Smart water meters are Iot enabled devices that measure water consumptions of houses or buildings or utilities giving accurate data. To increase water sustainability and intelligent uses of limited resources will propel the market to grow further. Government directives and mandates will further initiate more consumers to adapt to smart water meters rapidly. Smart gas meters will rise gradually with new plan formulations and policies planned by government for infrastructural developments of the country.
The residential users are the largest consumers of smart meters in Italy with over 80% of the overall market. Out of which electric smart meters account for maximum type. The consumers are taking advantage of prompt switch of utility provider without interruptions and real time readings every 15 minutes. The commercial sector is other user that is fast adapting to smart meters in offices, buildings or other spaces to save on total billings. As the commercial spaces are widespread across many floors, it is important to monitor effective use of electricity and avoid unnecessary uses. The smart electric meters also detect faults in supply line and enable quick actions thereof. The industries are still in initial phase of installations with very few amounts of meters installed. As they have heavy load shedding and high voltages as they have large plant processes and machineries that require continuous power supply at high speed and voltage.
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, analyzing 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 and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers 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.
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to smart meter industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Keywords: smart meter, smart water meter, smart electric meter, smart gas meter, energy, consumption, Italy, Rome, Electric, water, gas, consumer, billing, bill, government, AMI, AMR, residential, industrial, commercial, hardware, software, three phase, single phase, enelx, enel, venice, Florence, naples, bologna, Milan, Verona, genoa, turin, pisa, siena, bari, parma, lecce, Trento, rimini, Trieste, salerno, veicenza, forli, Taranto.
List Of Figures
Figure-7: Porter's Five Forces Meter Of Smart Meter Industry In Italy