Frost & Sullivan is predicting 26 percent growth in Europe led by the UK, which has the highest growth potential amongst all the European countries. The British Government has announced its intention to install 53 million electricity and gas smart meters in homes and businesses by 2019. Similarly, the French energy regulator, Commission de régulation de l’énergie, (CRE), has set out guidelines with an objective for mandatory implementation requiring all electricity consumers to have smart meters by 2016. But Germany, by comparison, has not developed any mandatory rollout plans.
Since 2010, Sweden has had 100 percent smart meter penetration and Italy’s deployment is almost complete with 33.5 million smart meters installed. The report expects France, the UK, and Spain to experience the highest level of growth in smart meter installations over the next two to three years.
Frost & Sullivan research associate Neha Vikash observes, “With the UK Government publishing its plans for a mass rollout in 2014, the UK smart metering market holds the highest growth potential amongst all the European countries. According to our research, the UK is expected to witness a 109 percent growth in smart electricity meter unit shipments from 2010 to 2017.”
By the end of 2010, Echelon and Landis+Gyr had cornered nearly 90 percent of the market share but the study also indicates Chinese and other Asian companies are expected to enter the market in the short to medium term.
Vikash adds: “Manufacturers, utilities, network companies, ICT firms, retailers and remote monitoring and automation companies await standardization in communication protocols, which are expected to come into effect by 2012, following which the industry is expected to grow rapidly. The contrast in the level of smart meter deployment between various European states begs the question as to who should be responsible for smart meter penetration: the government or the industry?”