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Germany Smart Electric Meter Market Size 2024: Global Share, Industry And Report Analysis By 2030 | Aclara Technologies LLC Echelon Corp. Elster Group

08-19-2024 09:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Germany Smart Electric Meter Market

Germany Smart Electric Meter Market

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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The Smart Meters Operation Act developed guided rules for marketing and use of smart meters and smart meter gateways. The act introduced rule for meter operators to responsibly implement, operate and maintain smart meters with specific legal obligations. The Act focuses on technical requirements, reliability and security of energy measurement, and transmission of data. The Act also determines a roll-out plan regarding the installation of Smart meters, which began in 2017 and continue until 2032. The plan comprises process for different roll-out periods for different types of end consumers and plant operators. The act requires operators to equip consumers with more than 6,000 kWh yearly consumption, and plant operators with an installed capacity of more than 7 kW, with Smart meters. The law also requires manufacturers to supply the devices according to certification by the Federal Office for Information Security.

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

• 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
• Inc., and others

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

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

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

Company Profiles
o Aclara Technologies LLC
o Elster Group
o Itron Inc.
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 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.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/germany-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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