Press release
European Smart Electric Meter Market 2021-2027: Industry Analysis, Trends, Growth, Opportunities, and Forecast
European smart electric market is projected to rise at a CAGR of approximately 9.9% during the forecast period. The strict norms and regulations towards adoption of advanced meter system to accurately track electricity consumption will boost the European smart electric meter market share. The European Union Directive 2009/72/EC ordered the member countries to compulsorily take initiatives for adopting advanced electric meters as a means of ensuring efficient electricity consumption. The Europe 2020 energy efficiency targets are pushing smart meter initiatives ahead quickly. The European Commission proposed to update the energy savings target from 20% of the projected primary energy by 2020 to 30% by 2030. Another requirement for energy utilities is to save 1.5% per year by adopting energy-efficient technologies and management strategies. Such energy saving initiatives will boost the demand for smart electric meters in industries as well as household.To learn more about this report request a free sample copy @ https://www.omrglobal.com/request-sample/european-smart-electric-meter-market
The increasing electricity consumption in Europe is further boosting the demand for smart electric meter to reduce electricity consumption, and save money. Smart electric meters are ideal for smart grid and power quality sensitive applications. They come with a wide variety of features including higher accuracy, and enables in constantly calibrating revenue meters. Smart electric meters also provide data storage for trending power consumption graphs and further enable the analysis.
Browse for Full Report Description@ https://www.omrglobal.com/industry-reports/european-smart-electric-meter-market
The European Energy Services Directive (2006/32/EC) recognizes smart meters as one of the major ways to improve energy efficiency. As per Electricity Directive (2009/72/EC), it is mandatory for 80% of consumers to be equipped with smart meters by 2020, which further enable to have a positive impact on the economy for long term cost and benefits. Government mandates in the UK, France, and Spain are expected to drive the growth of smart electric meter penetration in Europe by 2020. Department for Business, Energy & Industrial Strategy and The Office of Gas and Electricity Markets (OFGEM) in the UK have mandated utility providers to install smart electric meter in every household by 2020.
Market Segmentation
Europe Smart electric meter Market by Communication Technology
• Power Line Communication
• Cellular
• Radio Frequency
Europe Smart electric meter Market by Phase
• Single Phase
• Three Phase
Europe Smart electric meter Market by Application
• Residential
• Commercial
• Industrial
Regional Analysis
• UK
• Germany
• Italy
• France
• Spain
• Rest of Europe
Company Profiles
• Aclara Technologies LLC
• Elster Group
• Itron Inc.
• Iskraemeco, D.D.
• Landis+Gyr AG
• Sagemcom Broadband SAS
• Schneider Electric SE
• Sensus
• Siemens AG
• Silver Spring Networks Inc.
• Toshiba Corp.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/european-smart-electric-meter-market
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
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