More Than 237 Million Smart Meters Will be Deployed in Europe by 2020

September 20, 2012

Europe is embarking on a series of smart meter deployments that will transform the electricity industry across the continent.  The adoption of smart metering at this scale across many of the world’s most advanced economies will drive a new wave of technical and market innovation in electricity metering that will have an impact across Europe and on global markets.  According to a new report from Pike Research, a part of Navigant’s Energy Practice, more than 237 million smart meters will be deployed in Europe by 2020, and almost 90 percent of installed electricity meters in Western Europe will be smart.

“Deployment of smart meters across Europe will be steady over the next 10 years, with the most intensive activity between 2015 and 2019,” says research director Eric Woods.  “By 2020, smart meters will be an integral part of the energy infrastructure across the continent.  However, as European utilities move closer to large-scale rollouts, it is inevitable that there will be growing debates over the precise benefits of smart meters, the cost of deployments, and privacy and security issues.  The task facing governments, regulators, utilities, and suppliers is to demonstrate the advantages of smart metering to consumers, as well as their contribution to meeting energy efficiency targets and improving energy security.”

The challenges facing the European economy inevitably cast a shadow over such an ambitious investment program.  So far, there has been no significant change in smart meter programs that can be directly attributed to the crisis in the Eurozone.  Some slowing down of programs has occurred, but most European countries see the clean technology market as one of the key areas for future growth and are making the case for smart meter deployments to create local jobs.

The report, “Smart Meters in Europe”, analyzes the development of the European market for smart electric meters.  It assesses the business drivers, market forces, and technology trends that are transforming the metering landscape across Europe, including developments in European energy policy and national strategies for smart metering.  The report forecasts smart meter shipments and penetration rates for Western and Eastern Europe and selected major countries through 2020, as well as the adoption of meter communications technologies and the growth in basic and advanced meter adoption between 2011 and 2020.  An Executive Summary of the report is available for free download on the Pike Research website.

Contact: Richard Martin

+1.303.997.7609

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Smart Meters in Europe,” is a summary and reflects Pike Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Pike Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Annual Installations of Natural Gas Generator Sets are Expected to More than Double by 2024
April 22, 2015Dual-fuel systems using diesel and natural gas are becoming increasingly popular, report finds • A new report from Navigant Research analyzes the global market for natural gas gensets…
Read More »
Connected Vehicle Systems are Expected to Exceed $36 Billion in Annual Revenue by 2025
April 21, 2015Connectivity is a key enabling technology for autonomous and plug-in electric vehicles, report concludes • A new report from Navigant Research examines the market for connected vehicles, with a…
Read More »
Energy Management for Healthcare is Expected to Exceed $2 Billion in Annual Revenue by 2024
April 20, 2015The sector includes major established players along with new, software-based entrants, report finds • A new report from Navigant Research examines the current state of the global market…
Read More »
The Rise of the Energy Cloud Signals a Fundamental Shift in the Power Sector
The spread of distributed generation offers both challenges and opportunities for incumbent utilities, white paper finds • April 16, 2015 A new white paper from Navigant Research analyzes the emerging energy cloud,…
Read More »
View All News

{"userID":"","pageName":"More Than 237 Million Smart Meters Will be Deployed in Europe by 2020","path":"\/newsroom\/more-than-237-million-smart-meters-will-be-deployed-in-europe-by-2020","date":"4\/25\/2015"}