Europe Smart Electric Meter Market Size is anticipated to grow on account of increasing consumer awareness toward electricity consumption along with growing energy demand. Accelerating investments in digitalization of electrical systems coupled with shifting trends toward adoption of energy efficient technologies will augment the business landscape. Stringent government regulations to reduce carbon emissions coupled with expansion of microgrid networks will drive the product demand.
Upsurge population in line with increasing construction activities will propel the residential smart electric meter market. Rising deployment of sustainable devices to monitor and control the energy consumption along with introduction of green building energy standards will positively influence the business landscape. In addition, robust growth across real estate sector coupled with expansion of renewable energy technologies will escalate the product growth.
Low installation cost, easy data transfer and real-time information are the key features which will strengthen the adoption for AMR technology. In addition, extensive deployment of digital meters along with increasing infrastructural investments will augment the business landscape. Low operating expenses related to data transfer to central database for billing & analyzation and high profitability will positively influence the business outlook.
Expansion of power distribution network and integration of smart grids will augment the Germany smart electric meter growth. Upsurge in investments toward construction activities along with ongoing remote & off-grid areas electrification programs will complement the product adoption. Moreover, development of Tier II & III cities coupled with introduction of advanced electrical infrastructure will positively influence the business landscape.
Three phase system will witness an upsurge on account of accelerating adoption of sustainable energy systems across the commercial establishments including healthcare, educational institutions, hospitality and logistics. Expansion of IoT enabled grid infrastructure coupled with integration of sustainable power networks will complement the business landscape. Increasing disposable income along with improvement in living standard will enhance the industry outlook.
Increasing development of smart cities integrated with communication & information technology and data centers will fuel the product deployment across the France. Increasing public and private funding toward advancement of smart communication systems and control features will enhance the business outlook. Robust development of residential & commercial establishments on account of rising urbanization and modernization of industries will stimulate the business growth.
The major players operating in the market includes Itron, Siemens, Landis+Gyr, Schneider Electric SE, Badger Meter, Aclara Technologies LLC, Honeywell Elster, Neptune Technology Group, Bentec India, Genus, Kamstrup, Circutor, Iskraemeco, Sensus and Apator. The companies are developing advanced technologies and introducing new product portfolios to enhance their industry presence.