The "Smart Metering in Europe 16th Edition" report has been added to ResearchAndMarkets.com's offering.
Learn more about the EU energy policies driving the adoption of smart metering and the latest market developments in Europe.
Smart Metering in Europe in its sixteenth edition is the foremost source of information about the ongoing transformation of the metering sector (electricity and gas). Whether you are a vendor, utility, telecom operator, investor, consultant, or government agency, you will gain valuable insights from our in-depth research.
More than half of all electricity meters in Europe are now smart
A historic milestone has been reached in the European energy sector as the penetration of smart electricity metering has now passed the 50 percent mark. This could be concluded in the latest study of the European smart metering market from the leading IoT analyst firm, which has tracked the development of the market since 2004.
At the end 2020, the EU27+3 region was home to nearly 150 million smart electricity meters, corresponding to a penetration rate of 49 percent. Growing at a robust CAGR of 7.2 percent, the installed base is expected to exceed 227 million units in 2026. The European smart gas metering market will meanwhile increase its installed base of devices from 39 million units in 2020 to just over 70 million in 2026.
The composition of annual smart electricity shipment volumes is expected to change significantly over the coming years as rollouts in many markets in Western and Northern Europe are now either well-advanced or largely completed. One major growth area that will spread across Europe in the coming years is second-generation smart metering deployments.
"In fact, replacements of first-generation smart metering equipment are expected to account for nearly a third of the cumulative device shipments until 2026" said Levi Ostling, Senior Analyst. In terms of first-generation projects, the 10 fastest growing markets during 2020-2026 will meanwhile all be in Central Eastern and Southeastern Europe a trend that shows that the focus has started to shift away from the big Western European markets that have been the center of attention of the European smart metering market throughout the past decade.
Another major ongoing change is related to the communications technologies being used for data exchange with the utility back office. Wireless connectivity options are forecasted to grow their share of annual smart electricity meter shipment volumes from 25 percent in 2020 to 57 percent in 2026.
A lot of the growth will be attributable to the rise of 3GPP-based LPWA connectivity services, which have become available in most European markets in the past couple of years. "NB-IoT and LTE-M communications have now had their commercial breakthrough in the European metering market and are being considered for a rapidly growing number of projects", concluded Mr. Ostling.
Highlights from the report:
- Full coverage of the European market with in-depth market profiles of all countries in EU27+3.
- Case studies of smart electricity and gas metering projects by the leading energy groups in Europe.
- 360-degree overview of next-generation PLC, RF and cellular standards for smart grid communications.
- Updated profiles of the key players in the metering industry.
- New detailed forecasts for smart electricity and gas meters in 30 countries until 2026.
- Summary of the latest developments in the European energy industry.
Questions answered in the report
- Which are the major trends shaping the European smart metering market?
- What is the status and outlook for second-generation smart metering rollouts across Europe?
- Which new projects are utilising NB-IoT and LTE-M cellular communications?
- How do smart metering technology choices vary across Europe?
- How is the regulatory environment for smart metering evolving on the national level?
- Which are the largest utility companies in each country in Europe?
- Which are the leading suppliers of smart metering solutions for the European market?
- Which countries lead the adoption of smart gas meters?
Market forecasts and trends
Market trends
- Second-wave rollouts to account for a substantial share of shipments
- Growth increasingly driven by CEE and Southeast European projects
- Adoption of NB-IoT and LTE-M connectivity picking up speed
- Making smart metering systems secure by design
- Rethinking the smart metering offering to respond to emerging utility needs
- Europe gearing up for hydrogen supply operations
Smart electricity metering market forecast
- Capital expenditure forecast
- Communications technology market shares
Smart gas metering market forecast
Companies Mentioned
- 2i Rete Gas
- 6.2 Enedis
- A1 Telekom Austria
- Aclara (Hubbell)
- ADD Grup
- AEM
- Aidon
- Apator
- APKAPPA
- Arqiva
- Atlantica Digital
- Atos
- Avance Metering
- Capgemini
- CGI
- Circutor
- Com4
- Cuculus
- CyanConnode
- Devolo
- Diehl Metering
- E.ON Sweden
- EDMI
- EFR
- Elenia
- Elgama Elektronika (Linyang Energy)
- Embriq
- EMH Metering
- Endesa
- Enel
- ESB Networks
- ESO
- Ferranti
- Flonidan
- Fluvius
- GRDF
- Greenbird Integration Technology
- Gridspertise (Enel)
- Hansen Technologies
- Hexing Electrical
- Holley Technology
- Honeywell
- IBM
- Iskraemeco
- Itron
- Kaifa Technology
- Kamstrup
- Kisters
- Landis+Gyr
- MeteRSit
- Networked Energy Services
- NIK
- NuriFlex
- Oracle
- Ormazabal
- Pietro Fiorentini
- Power Plus Communications
- Robotron Datenbank-Software
- Sagemcom
- Sanxing Electric
- SAP
- Sensus (Xylem)
- Siemens
- Telecom Italia
- Telecontrol STM
- Telefonica
- Telenor
- Telia Company
- Terranova Software
- Theben
- Toshiba
- Trilliant
- Utility Connect
- VIVAVIS
- Vodafone
- Wasion
- Wiener Netze
- Xemex
- ZIV
- ZPA Smart Energy (El Sewedy Electrometer)
- ZTE Corporation
For more information about this report visit https://www.researchandmarkets.com/r/jvcnx5
View source version on businesswire.com: https://www.businesswire.com/news/home/20211103005759/en/
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