The Germany smart electric meter market is estimated to grow at a CAGR of approximately 8.9% during the forecast period. The major reason for the growth of the market is the adoption of electric grids and increasing per capita consumption in the nation. Germany smart electric meter market is mainly driven by supported government initiatives for energy conservation and efficient electricity grid development. The National Energy Efficiency Action Plan in 2016 (Federal Ministry for Economic Affairs and Energy, Germany, 2017) launched a national initiative for residential appliances. The action plan aims to reduce primary energy demand, increase renewable energy supply and improve overall system efficiency.
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The Smart Meters Operation Act developed guided rules for marketing and use of smart meters and smart meter gateways. The act introduced rule for meter operators to responsibly implement, operate and maintain smart meters with specific legal obligations. The Act focuses on technical requirements, reliability and security of energy measurement, and transmission of data. The Act also determines a roll-out plan regarding the installation of Smart meters, which began in 2017 and continue until 2032. The plan comprises process for different roll-out periods for different types of end consumers and plant operators. The act requires operators to equip consumers with more than 6,000 kWh yearly consumption, and plant operators with an installed capacity of more than 7 kW, with Smart meters. The law also requires manufacturers to supply the devices according to certification by the Federal Office for Information Security.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Germany Smart electric meter Market by Communication Technology
- Power Line Communication
- Cellular
- Radio Frequency
Germany Smart electric meter Market by Phase
- Single Phase
- Three Phase
Germany Smart electric meter Market by Application
- Residential
- Commercial
- Industrial
Company Profiles
- Aclara Technologies LLC
- Elster Group
- Itron Inc.
- Landis+Gyr AG
- Sagemcom Broadband SAS
- Schneider Electric SE
- Sensus
- Siemens AG
- Silver Spring Networks Inc.
- Toshiba Corp.
The Report Covers
- Comprehensive research methodology of the Germany Smart Electric Meter 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 Germany Smart Electric Meter market.
- Insights about market determinants which are stimulating the Germany Smart Electric Meter market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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