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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In addition, the country also launched a program to fund small grid pilot projects. As per Third Energy Package introduced by Europe in 2009, the directive of the package requires the European member states to equip 80% of consumers with smart metering systems by 2020. The key objective of the new law is to facilitate the implementation of smart meter and smart meter gateway devices. For this, the country implements the EU Directives 2009/72/EG and 2009/73/EG into the German Law. The Act specifies detailed requirements for the design of the smart meter devices and for the transmission of data through it. The goal of the act was to convert the energy market to digitalisation, thereby ensuring a high standard of data protection and ICT 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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