Europe Smart Meters Market 2022-2032 by Component (Hardware, Software & Service), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (Single, Three), Specification (SMETS1, SMETS2), Application (Electricity, Gas, Water), End Use (Residential, Commercial, Industrial), and Country: Trend Forecast and Growth Opportunity

December 2023 | 130 pages | ID: EDA92AEE1637EN
GMD Research

Abstracts

Europe smart meters market was valued at $4.38 billion in 2022 and will grow by 7.2% annually over 2022-2032. The growth is driven by the advancements in metering technologies, the rising awareness among people regarding energy conservation, a surging focus of governments on replacing conventional meters with smart meters, increasing upgrades of transmission & distribution infrastructure, and rising investments in smart grid projects.

Highlighted with 36 tables and 60 figures, this 130-page report “Europe Smart Meters Market 2022-2032 by Component (Hardware, Software & Service), Technology (AMR, AMI), Communication Type (Cellular, RF, PLC), Phase (Single, Three), Specification (SMETS1, SMETS2), Application (Electricity, Gas, Water), End Use (Residential, Commercial, Industrial), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe smart meters market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2020-2022 and provides forecast from 2023 till 2032 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe smart meters market in every aspect of the classification from perspectives of Component, Technology, Communication Type, Phase, Specification, Application, End Use, and Country.

Based on Component, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Hardware
• Software & Service

Based on Technology, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)

By Communication Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Cellular Technology
• Radio Frequency (RF)
• Power Line Communication (PLC)
• Other Communication Types

By Phase, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Single-phase Smart Meters
• Three-phase Smart Meters

By Specification, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• SMETS1 Smart Meters
• SMETS2 Smart Meters

By Application, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2032 included in each section.

• Smart Electricity Meters
• Smart Gas Meters
• Smart Water Meters

By End Use, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2032 included in each section.

• Residential Use
• Commercial Use

Geographically, the following national/local markets are fully investigated:

• Germany
• UK
• France
• Spain
• Italy
• Russia
• Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2032. The breakdown of national markets by Technology, Application, and End Use over the forecast years are also included.

The report also covers the current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

AEM

Aichi Tokei Denki Co., Ltd.

Apator SA

Azbil Kimmon Co., Ltd. (Azbil Corporation)

Badger Meter, Inc.

Diehl Stiftung & Co. KG

EDMI

Elster Group GmbH (Honeywell International Inc.)

Hexing Electric Company Ltd.

Holley Technology Ltd.

Iskraemeco

Itron Inc.

Jiangsu Linyang Energy Co., Ltd.

Kamstrup AS

Landis+Gyr Group AG

Neptune Technology Group Inc.

Ningbo Sanxing Electric Co., Ltd.

Pietro Fiorentini SpA

Sagemcom SAS

Schneider Electric SA

Sensus Usa Inc. (Xylem Inc.)

Siemens AG

Wasion Holdings Limited

Yazaki Corporation

Zenner International GmbH & Co. KG

(Please note: The report will be updated before delivery so that the latest historical year is the base year, and the forecast covers at least 5 years over the base year.)

Contents

1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
  2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF EUROPE MARKET BY COMPONENT

3.1 Market Overview by Component
3.2 Hardware
3.3 Software & Service

4 SEGMENTATION OF EUROPE MARKET BY TECHNOLOGY

4.1 Market Overview by Technology
4.2 Automatic Meter Reading (AMR)
4.3 Advanced Metering Infrastructure (AMI)

5 SEGMENTATION OF EUROPE MARKET BY COMMUNICATION TYPE

5.1 Market Overview by Communication Type
5.2 Cellular Technology
5.3 Radio Frequency (RF)
5.4 Power Line Communication (PLC)
5.5 Other Communication Types

6 SEGMENTATION OF EUROPE MARKET BY PHASE

6.1 Market Overview by Phase
6.2 Single-phase Smart Meters
6.3 Three-phase Smart Meters

7 SEGMENTATION OF EUROPE MARKET BY SPECIFICATION

7.1 Market Overview by Specification
7.2 SMETS1 Smart Meters
7.3 SMETS2 Smart Meters

8 SEGMENTATION OF EUROPE MARKET BY APPLICATION

8.1 Market Overview by Application
8.2 Smart Electricity Meters
8.3 Smart Gas Meters
8.4 Smart Water Meters

9 SEGMENTATION OF EUROPE MARKET BY END USE

9.1 Market Overview by End Use
9.2 Residential Use
9.3 Commercial Use
9.4 Industrial Use

10 EUROPEAN MARKET 2022-2032 BY COUNTRY

10.1 Overview of European Market
10.2 Germany
10.3 U.K.
10.4 France
10.5 Spain
10.6 Italy
10.7 Russia
10.8 Rest of European Market

11 COMPETITIVE LANDSCAPE

11.1 Overview of Key Vendors
11.2 New Product Launch, Partnership, Investment, and M&A
11.3 Company Profiles
AEM
Aichi Tokei Denki Co., Ltd.
Apator SA
Azbil Kimmon Co., Ltd. (Azbil Corporation)
Badger Meter, Inc.
Diehl Stiftung & Co. KG
EDMI
Elster Group GmbH (Honeywell International Inc.)
Hexing Electric Company Ltd.
Holley Technology Ltd.
Iskraemeco
Itron Inc.
Jiangsu Linyang Energy Co., Ltd.
Kamstrup AS
Landis+Gyr Group AG
Neptune Technology Group Inc.
Ningbo Sanxing Electric Co., Ltd.
Pietro Fiorentini SpA
Sagemcom SAS
Schneider Electric SA
Sensus Usa Inc. (Xylem Inc.)
Siemens AG
Wasion Holdings Limited
Yazaki Corporation
Zenner International GmbH & Co. KG
RELATED REPORTS

List Of Tables

LIST OF TABLES

Table 1. Snapshot of Europe Smart Meters Market in Balanced Perspective, 2022-2032
Table 2. World Economic Outlook, 2021-2031
Table 3. World Economic Outlook, 2021-2023
Table 4. Scenarios for Economic Impact of Ukraine Crisis
Table 5. Main Product Trends and Market Opportunities in Europe Smart Meters Market
Table 6. Europe Smart Meters Market by Component, 2022-2032, $ mn
Table 7. Europe Smart Meters Market by Technology, 2022-2032, $ mn
Table 8. Europe Smart Meters Market by Communication Type, 2022-2032, $ mn
Table 9. Europe Smart Meters Market by Phase, 2022-2032, $ mn
Table 10. Europe Smart Meters Market by Specification, 2022-2032, $ mn
Table 11. Europe Smart Meters Market by Application by Value, 2022-2032, $ mn
Table 12. Europe Smart Meters Market by Application by Volume, 2022-2032, million units
Table 13. Europe Smart Meters Market by End Use, 2022-2032, $ mn
Table 14. Europe Smart Meters Market by Country, 2022-2032, $ mn
Table 15. Germany Smart Meters Market by Technology, 2022-2032, $ mn
Table 16. Germany Smart Meters Market by Application, 2022-2032, $ mn
Table 17. Germany Smart Meters Market by End Use, 2022-2032, $ mn
Table 18. U.K. Smart Meters Market by Technology, 2022-2032, $ mn
Table 19. U.K. Smart Meters Market by Application, 2022-2032, $ mn
Table 20. U.K. Smart Meters Market by End Use, 2022-2032, $ mn
Table 21. France Smart Meters Market by Technology, 2022-2032, $ mn
Table 22. France Smart Meters Market by Application, 2022-2032, $ mn
Table 23. France Smart Meters Market by End Use, 2022-2032, $ mn
Table 24. Spain Smart Meters Market by Technology, 2022-2032, $ mn
Table 25. Spain Smart Meters Market by Application, 2022-2032, $ mn
Table 26. Spain Smart Meters Market by End Use, 2022-2032, $ mn
Table 27. Italy Smart Meters Market by Technology, 2022-2032, $ mn
Table 28. Italy Smart Meters Market by Application, 2022-2032, $ mn
Table 29. Italy Smart Meters Market by End Use, 2022-2032, $ mn
Table 30. Russia Smart Meters Market by Technology, 2022-2032, $ mn
Table 31. Russia Smart Meters Market by Application, 2022-2032, $ mn
Table 32. Russia Smart Meters Market by End Use, 2022-2032, $ mn
Table 33. Smart Meters Market in Rest of Europe by Country, 2022-2032, $ mn
Table 34. AEM: Company Snapshot
Table 35. AEM: Business Segmentation
Table 36. AEM: Product Portfolio

List Of Figures

LIST OF FIGURES

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032
Figure 4. Europe Smart Meters Market by Value, 2022-2032, $ mn
Figure 5. Europe Smart Meters Market by Volume, 2022-2032, million units
Figure 6. Impact of COVID-19 on Business
Figure 7. Primary Drivers and Impact Factors of Europe Smart Meters Market
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million
Figure 9. Worldwide Smart Grid Technology Market, 2022-2028, $ billion
Figure 10. Drivers for Smart Technology Investment
Figure 11. Primary Restraints and Impact Factors of Europe Smart Meters Market
Figure 12. Investment Opportunity Analysis
Figure 13. Porter’s Fiver Forces Analysis of Europe Smart Meters Market
Figure 14. Breakdown of Europe Smart Meters Market by Component, 2022-2032, % of Revenue
Figure 15. Europe Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%)
Figure 16. Europe Smart Meters Market by Component: Hardware, 2022-2032, $ mn
Figure 17. Europe Smart Meters Market by Component: Software & Service, 2022-2032, $ mn
Figure 18. Breakdown of Europe Smart Meters Market by Technology, 2022-2032, % of Sales Revenue
Figure 19. Europe Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%)
Figure 20. Europe Smart Meters Market by Technology: Automatic Meter Reading (AMR), 2022-2032, $ mn
Figure 21. Europe Smart Meters Market by Technology: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn
Figure 22. Breakdown of Europe Smart Meters Market by Communication Type, 2022-2032, % of Sales Revenue
Figure 23. Europe Addressable Market Cap in 2023-2032 by Communication Type, Value ($ mn) and Share (%)
Figure 24. Europe Smart Meters Market by Communication Type: Cellular Technology, 2022-2032, $ mn
Figure 25. Europe Smart Meters Market by Communication Type: Radio Frequency (RF), 2022-2032, $ mn
Figure 26. Europe Smart Meters Market by Communication Type: Power Line Communication (PLC), 2022-2032, $ mn
Figure 27. Europe Smart Meters Market by Communication Type: Other Communication Types, 2022-2032, $ mn
Figure 28. Breakdown of Europe Smart Meters Market by Phase, 2022-2032, % of Revenue
Figure 29. Europe Addressable Market Cap in 2023-2032 by Phase, Value ($ mn) and Share (%)
Figure 30. Europe Smart Meters Market by Phase: Single-phase Smart Meters, 2022-2032, $ mn
Figure 31. Europe Smart Meters Market by Phase: Three-phase Smart Meters, 2022-2032, $ mn
Figure 32. Breakdown of Europe Smart Meters Market by Specification, 2022-2032, % of Revenue
Figure 33. Europe Addressable Market Cap in 2023-2032 by Specification, Value ($ mn) and Share (%)
Figure 34. Europe Smart Meters Market by Specification: SMETS1 Smart Meters, 2022-2032, $ mn
Figure 35. Europe Smart Meters Market by Specification: SMETS2 Smart Meters, 2022-2032, $ mn
Figure 36. Breakdown of Europe Smart Meters Market by Application, 2022-2032, % of Sales Value
Figure 37. Europe Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%)
Figure 38. Breakdown of Europe Smart Meters Market by Application, 2022-2032, % of Sales Volume
Figure 39. Europe Addressable Market Cap in 2023-2032 by Application, Volume (million units) and Share (%)
Figure 40. Europe Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, $ mn
Figure 41. Europe Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, million units
Figure 42. Europe Smart Meters Market by Application: Smart Gas Meters, 2022-2032, $ mn
Figure 43. Europe Smart Meters Market by Application: Smart Gas Meters, 2022-2032, million units
Figure 44. Europe Smart Meters Market by Application: Smart Water Meters, 2022-2032, $ mn
Figure 45. Europe Smart Meters Market by Application: Smart Water Meters, 2022-2032, million units
Figure 46. Breakdown of Europe Smart Meters Market by End Use, 2022-2032, % of Revenue
Figure 47. Europe Addressable Market Cap in 2023-2032 by End Use, Value ($ mn) and Share (%)
Figure 48. Europe Smart Meters Market by End Use: Residential Use, 2022-2032, $ mn
Figure 49. Europe Smart Meters Market by End Use: Commercial Use, 2022-2032, $ mn
Figure 50. Europe Smart Meters Market by End Use: Industrial Use, 2022-2032, $ mn
Figure 51. Breakdown of European Smart Meters Market by Country, 2022 and 2032, % of Revenue
Figure 52. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 53. Smart Meters Market in Germany, 2022-2032, $ mn
Figure 54. Smart Meters Market in U.K., 2022-2032, $ mn
Figure 55. Smart Meters Market in France, 2022-2032, $ mn
Figure 56. Smart Meters Market in Spain, 2022-2032, $ mn
Figure 57. Smart Meters Market in Italy, 2022-2032, $ mn
Figure 58. Smart Meters Market in Russia, 2022-2032, $ mn
Figure 59. Smart Meters Market in Rest of Europe, 2022-2032, $ mn
Figure 60. Growth Stage of Europe Smart Meters Industry over the Forecast Period