European smart meters market is estimated to grow at a CAGR of 5.8% during the forecast period. The major factor that propels the market growth includes the rising inclination towards smart metering solutions over conventional meters in the residential and commercial sector due to various benefits such as cost-cutting, easy management, and theft detection. Moreover, the significant growth in the smart city projects with the joint efforts by the government and major players present in the region further provides a significant opportunity for the growth of the market.
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The European market for smart meters is segregated 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, 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 in the market. On the basis of application, the market is further segregated into residential, commercial, and industrial. Based on geography, the European smart meters market is further segregated into the UK, Germany, France, Spain, Italy, and the Rest of Europe. Among, geography the UK is projected to have a considerable 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
European 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
European Smart Meters Market – Segmentation by Region
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
The Report Covers
- Comprehensive research methodology of the European 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 European smart meters market.
- Insights about market determinants that are stimulating the European 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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