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European Smart Electric Meter Market (2023-2030): Industry Insights, SWOT Analysis, Market Size, Share, and Key Growth Factors | Aclara Technologies LLC. Elster Group. Sagemcom Broadband SAS .

01-31-2024 09:12 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

European Smart Electric Meter Market

European Smart Electric Meter Market

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.

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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.

full report of European Smart Electric Meter Market available @ https://www.omrglobal.com/industry-reports/european-smart-electric-meter-market

• Market Coverage
• Market number available for - 2024-2030
• Base year- 2023
• Forecast period- 2024-2030
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Europe Smart electric meter Market by Communication Technology
o Power Line Communication
o Cellular
o Radio Frequency

Europe Smart electric meter Market by Phase
o Single Phase
o Three Phase

Europe Smart electric meter Market by Application
o Residential
o Commercial
o Industrial

Regional Analysis
o UK
o Germany
o Italy
o France
o Spain
o Rest of Europe

Company Profiles
o Aclara Technologies LLC
o Elster Group
o Itron Inc.
o Iskraemeco, D.D.
o Landis+Gyr AG
o Sagemcom Broadband SAS
o Schneider Electric SE
o Sensus
o Siemens AG
o Silver Spring Networks Inc.
o Toshiba Corp.

The Report Covers
• Comprehensive research methodology of the Europe 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 Europe Smart Electric Meter market.
• Insights about market determinants which are stimulating the Europe Smart Electric Meter market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/european-smart-electric-meter-market

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. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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