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Europe Smart Electric Meter Market Share

Report ID: GMI6843
Published Date: Oct 2023
Report Format: PDF

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Europe Smart Electric Meter Market Share

Major participants in the Europe smart electric meter market include:

Itron Inc.
Kamstrup
Aclara Technologies LLC
Siemens
Honeywell International Inc
OSAKI ELECTRIC CO., LTD.
ZIV
Sensus
Circutor
Iskraemeco Group
Apator SA
Landis+Gyr
Schneider Electric
General Electric
LARSEN & TOUBRO LIMITED
Holley Technology Ltd.
CyanConnode
Kontron AG (S&T AG)
Jabil Inc.
Cisco Systems, Inc.
Mitsubishi Electric Corporation

In the fiercely competitive Europe smart electric meter market, few major players have secured their dominant positions by employing a combination of innovative solutions, extensive industry experience, and strategic collaborations. Itron Inc. has emerged as a prominent leader with a substantial market share, thanks to its comprehensive range of advanced metering and data management solutions. Itron's smart meters are renowned for their precision and dependability, making them the preferred choice for utilities across Europe. Kamstrup closely follows suit, capitalizing on its metering expertise to provide highly efficient and technologically advanced smart electric meters. The company's dedication to sustainability aligns perfectly with the surging demand for energy-efficient solutions in Europe.

Siemens, a global industrial juggernaut, rounds out the top tier with its robust presence in the European smart electric meter market. Siemens' meters are lauded for their excellence and adaptability, catering to a diverse array of applications. The company's extensive network and robust customer relationships have cemented its market dominance, enabling it to maintain a leading position in the continually evolving smart metering landscape in Europe.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market valuation of smart electric meter in Europe was worth USD 3.4 billion in 2023 and is anticipated to cross USD 5.4 billion in 2032, driven by the strong commitment to sustainability and reducing carbon emissions in the region.

Europe residential smart electric meter market generated more than USD 1.7 billion in 2022 and is poised to reach USD 2.7 billion by 2032, attributed to the regulatory requirements and strategic initiatives designed to replace traditional meters with advanced metering infrastructure.

Italy smart electric meter market size is set to exceed USD 1.3 billion by 2032, driven by the regulatory mandates and government initiatives aimed at modernizing the energy infrastructure.

Some of the top electric meter manufacturers in the Europe are Itron Inc., Kamstrup, Siemens, Aclara Technologies LLC, Honeywell International Inc., OSAKI ELECTRIC CO., LTD., Schneider Electric, LARSEN & TOUBRO LIMITED, Kontron AG (S&T AG), Cisco Systems, Inc., and Mitsubishi Electric Corporation.