UK smart meters market is estimated to grow significantly during the forecast period. Supportive government programs, the rising deployment of smart meters in domestic and industrial sectors, and the rising intervention of the large suppliers in the deployment of smart meters in the country are some of the key factors to drive the growth of the market in the UK. According to the Government of UK, as of March 2019, large energy suppliers had installed 15.3 million smart meters across domestic sites in Great Britain out of which 6.6 million have been gas smart meters and 8.7 million have been electricity smart meters. Moreover, the implementation of various smart city projects in the country further provides a significant opportunity for the market.
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The UK market for smart meters is segmented on the basis of product type, technology, and application. Based on the product type, the market is classified into smart gas meters, smart electric meters, and smart water meters. The smart electric meter segment is projected to have a considerable share in the market. Based on the technology, the market is segmented into Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR). The AMI Segment held a significant market share. On the basis of application, the market is segregated into residential, commercial, and industrial. Among these, the residential application segment is projected to hold a significant share in the market.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
UK Smart Meters Market – Segmentation
By Product Type
- Smart Gas Meters
- Smart Electric Meters
- Smart Water Maters
By Technology
- Advanced Metering Infrastructure (AMI)
- Automated Meter Reading (AMR)
By Application
- Residential
- Commercial
- Industrial
The Report Covers
- Comprehensive research methodology of the UK smart meters market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the UK smart meters market.
- Insights about market determinants that are stimulating the UK smart meters market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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