Italy smart gas meter market is expected to grow at a significant CAGR of 6.6% during the forecast period. Italy is anticipated to make a considerable contribution to the growth of the smart gas meter market among other European countries due to its early mover advantage in the installation of smart meters. The Government of Italy is further expected to fuel the growth of the market in the country. In Italy, the National Regulatory Authority for Electricity, Gas and Water has set a target that 60% of residential gas meters and 100% of industrial gas meters should be smart by 2018 and full coverage by 2020.
The policy of the National Regulatory Authority for Electricity, Gas and Water is based on a cost-benefit analysis that concluded that there would be an economic benefit for gas Distribution System Operators (DSOs) with 50,000 customers or more to introduce smart meters for a total of 22 million customers. As a result, deployments started to take off in Italy during 2014. At the end of 2016, the top players including Italgas and 2i Rete Gas, each had more than 1 million smart meters deployed. Italgas, which invested $665 million in the rollout, upgraded 0.8 million metering points in the first half of 2017, taking the total installed base to 2 million units.
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The Italian DSOs primarily use RF 169 MHz networks for connecting smart gas meters, with 2G cellular as a complement for around 30% of the metering points. With the availability of next-generation IoT-optimized 4G/5G mobile technologies, it is expected that there will be a shift from legacy RF platforms to emerging standards like NB-IoT which is further supporting the growth of smart metering solutions in Italy. In addition, support from a lending institution for the installation smart gas meter in the country is further fueling the growth of the smart gas meters market in Italy. For instance, in July 2017, the European Investment Bank (EIB) had granted loans of around $600 million to domestic consumers to support the smart metering rollout.
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Italy Smart Gas Meter Market Segmentation
By Type
· Advanced Metering Infrastructure (AMI)
· Automatic Meter Reading (AMR)
By Application
· Residential
· Commercial
· Industrial
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
