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Europe Smart Electric Meter Market Trends

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

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Europe Smart Electric Meter Industry Trends

Europe smart electric meter market is witnessing several notable trends including the increasing integration of advanced metering infrastructure (AMI) systems. Utilities across Europe are deploying AMI networks to enhance grid management, reduce energy losses, and enable real-time monitoring. Additionally, there is a growing focus on sustainability and environmental concerns, driving the adoption of smart meters as a key component of energy efficiency initiatives. Another significant trend is the expansion of smart metering programs in various European countries to meet regulatory requirements and achieve energy conservation goals.

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.