The Europe Smart Meter Market would witness market growth of 10.4% CAGR during the forecast period (2020-2026). The ultra-modern metering framework is a fool-proof system. However, energy theft is occurred either before the measurement of demand, while demand data is saved, or after the measurement, logs have been sent to the utility. Tampering consists of various deceits like advanced methods that involve saturating the in-built magnetic elements and brute force techniques like jamming the deployment of mechanism.
These metering systems become a suitable answer to these fraudulent activities. Concentrator meters, which are utilized to poll the metering devices attached to the substation, aggregate data collected from various metering systems to track electricity usage and discover the degree of irregular energy theft. In addition, advanced infrastructure offers metering control centers has the capability of managing divergence in the data.
Intelligent metering systems are integrated into automated data simulators that predict future energy requirements on the basis of current energy consumption rates, hence providing an advantage to consumers and energy sources. Furthermore, consideration of environmental protection, associated proceedings, and policies are evaluated to manage the rising levels of radiation emissions, hence supporting the use of smart electric metering systems. For example, in the U.K, governments have controlling the adoption of smart meters where the Department of Energy and Climate Change (DECC) governs the progress of work and systematic, timely installations. Hence, the market is expected to observe a massive competition among providers as they are aspiring to differentiate themselves on the basis of cost and quality as per the parameters of the regulation.
Based on Product, the market is segmented into Smart Electric Meters, Smart Water Meters, and Smart Gas Meters. Based on End User, the market is segmented into Residential, Commercial and Industrial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Smart Meter Market in Europe is expected to register a CAGR of 10.4% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Siemens AG, General Electric (GE) Co., Honeywell International, Inc., Xylem, Inc. (Sensus), Badger Meter, Inc., Landis+Gyr Group AG, Itron, Inc., Neptune Technology Group, Inc. (Roper Technologies, Inc.) and Holley Technology Ltd.
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