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    Europe Smart Electric Meter Market Forecast 2027 By Technology (AMI, AMR), By Application (Residential, Commercial, Utility), By Phase (Single Phase, Three Phase), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
    Published Date: September 2021   |   Report ID: GR1376   |   Delivery: PDF  Request Free Sample

    Europe Smart Electric Meter Market size is expected to grow at a significant CAGR from 2021 to 2027 on account of rising consumer awareness of electricity consumption and increasing energy demand. Smart electric meters help in efficient recording of data such as consumer energy consumption, voltage levels, current & power factor. Increasing household income, continuous developments & industrialization will stimulate market revenue. Additionally, growing investments in the digitalization of power systems along with changing trends towards adoption of energy efficient technologies will further fuel the market expansion.

    Europe Market, By Application

    Upsurge in population along with rising construction activities will boost the residential smart electric meter market demand in Europe. Increasing deployment of sustainable devices to monitor & control energy consumption combined with development of energy standards for green buildings will positively influence the industry landscape. Moreover, recent growth in real estate sector and the expansion of renewable energy technologies will escalate product adoption.

    Europe Market, By Technology

    Real-time information, easy data transfer and low installation cost will enhance the adoption of AMR smart electric meters. In addition, large-scale rollouts of advanced meters along with rising infrastructural investments will impel the market growth. Minimal operating cost associated with data transferring to the central database for invoicing & analysis coupled with government efforts toward deployment of advanced grid infrastructure & expansion of microgrid networks will further stimulate product demand.

    Europe Market, By Country

    Expansion of electricity distribution network as well as integration of smart grids will propel the growth of smart electric meter market in Germany. Increased investment in construction activities along with ongoing electrification programs in remote & off-grid areas will further boost the product adoption. For instance, in 2020, E.ON installed approximately 20,000 smart meters in Germany. The new intelligent metering systems enables consumers the precise & graphically depicted breakdown of their power consumption along with cost efficiency & energy transition in Germany.

    Europe Market, By Phase

    Three-phase smart electric system market is anticipated to rise substantially through 2027, with the adoption of sustainable energy systems across commercial sectors including educational institutions, healthcare, and hospitality & logistics. Development of IoT-enabled network infrastructure coupled with integration of sustainable power grids will complement the market expansion.

    Competitive Industry Landscape

    Prominent players operating in the Europe smart electric meter market include Siemens, Itron, Schneider Electric SE, Landis+Gyr, Badger Meter, Inc., Honeywell Elster, Aclara Technologies LLC, Iskraemeco, Kamstrup, Circutor, Apator and Sensus. Furthermore, the companies are developing advanced technologies & introducing new product portfolios to stimulate their market presence.

    Frequently Asked Question(FAQ) :

    Is Europe smart electric meter industry expanding?
    The market for smart electric meter in Europe will grow at a significant CAGR over 2021-2027 led by the rising energy demand and consumer awareness regarding electricity consumption.
    What is a smart electric meter?
    Smart electric meters help in the efficient recording of data such as voltage levels, current factor, power factor, and overall energy consumption by consumers.
    Why is residential smart electric meter deployment growing in Europe?
    The market for residential smart electric meter in Europe is expanding owing to evolving energy standards for green buildings and expansion of renewable energy technologies.
    What are the advantages of AMR smart electric meters?
    AMR smart electric meters offer numerous benefits including real-time information, easy data transfer, and low installation costs.
    Why are AMR smart electric meters popular in Europe?
    Europe AMR smart electric meter segment will witness notable growth due to minimal installation and operational costs and growing government investment in advanced metering technologies.
    What is the future of smart electric meter market in Germany?
    The industry share for smart electric meter in Germany will increase led by the expansion of electricity distribution network and integration of smart grid technology.

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