Europe advanced metering infrastructure market

Europe Advanced Metering Infrastructure Market, by Type (Hardware (Smart Meters, Communication Module, and Others (IT Hardware, etc.)), Software (Meter Data Management (MDM), Head End System (HES), Meter Data Analytics, and Others (AMI Security, etc.)), and Services (System Integration, Meter Deployment, and Others (AMI Consulting, etc.)), by End User (Residential, Commercial and Industrial), and by Country (Germany, U.K., Italy, France, Spain, Russia, and Rest of Europe) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

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Jan 2022
CMI4883
170 Pages
Excel & Pdf
Information and Communication Technology

Summary

Advanced metering infrastructure (AMI) is an integrated system that comprises smart meters, software, communication networks, and data management that enables two way communication between customers and utility companies. The main purpose of AMI is to provide real-time data regarding power consumption to the utility companies and enable customers to save cost and energy based on the consumption. The increasing deployment of smart meters in residential sector is expected to drive the Europe advanced metering infrastructure market growth. The market was valued at US$ 5,410.7 million in 2020, and is expected to witness a CAGR of 9.2% during the forecast period (2021 – 2028) and reach US$ 10,825.6 million by 2028.

The rising number of government rules and regulations for implementation of smart meters is expected to drive market growth during the forecast period. Governments across Europe are issuing regulatory norms and legislative directives for installation of smart grids as well as smart meters. For instance, the European Union had replaced traditional electricity meters with advanced infrastructure in 2020, which would create lucrative opportunities for players operating in the advanced metering infrastructure market over the forecast period. Electricity providers are using smart meter data to improve grid operations, integrate distributed energy resources, and provide customer services. Additionally, through smart metering infrastructure, customers are regularly updated regarding their recent usage of electricity, which can help them track and manage their electricity bills.

Europe Advanced Metering Infrastructure Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 has significantly disrupted almost all the industries including infrastructure, transportation, oil and gas, manufacturing, and others. To combat COVID-19 pandemic, most of the countries had implemented lockdown restrictions, which are now being eased slowly on phase-wise and industry-wise basis. The power sector has witnessed a falling demand and price reduction trend across the Europe. Manufacturers of hardware devices in the Europe advanced metering infrastructure market are facing several issues related to order closures due to lockdown imposed in various countries in the Europe.

Furthermore, utilities across the Europe have also announced the suspension of disconnection due to non-payment and delayed payment plans of customers impacted due to COVID-19 pandemic, which is expected to hamper market growth during the forecast period. Lockdowns in most of the European countries are expected to continue to curb the electricity demand, hampering the sales of utilities and other companies operating in the power sector. For instance, ABB, a Switzerland based automation company, faced decline in profitability in 2020 due to lower production volumes in all its businesses as compared to the sales volume in 2019.

Rest of Europe is expected to hold dominant position in the Europe advanced metering infrastructure market during the forecast period.

Statistics:

Rest of Europe held dominant position in the Europe advanced metering infrastructure market in 2020, accounting for 18.7% share in terms of value, followed by Germany, France, and others.

Europe Advanced Metering Infrastructure Market Report Coverage

Report Coverage	Details
Base Year:	2020	Market Size in 2021:	US$ 5,410.7 Mn
Historical Data for:	2017 to 2019	Forecast Period:	2021 to 2028
Forecast Period 2021 to 2028 CAGR:	9.2%	2028 Value Projection:	US$ 10,825.6 Mn
Geographies covered:	Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Segments covered:	By Component: Hardware (Smart Meters, Communication Module, Others (IT Hardware, etc.)), Software (Meter Data Management (MDM), Head End System (HES), Meter Data Analytics, Others (AMI Security, etc.)), Services( System Integration, Meter Deployment, Others (AMI Consulting, etc.)) By End User: Residential, Commercial, Industrial
Companies covered:	Landis+Gyr, Itron Inc., Siemens AG, General Electric Co., IBM Corporation, Eaton Corporation, Aclara Technologies LLC, Elster Group GmbH, Schneider Electric SE, Gemalto, Cisco Systems, Inc., EDMI Limited, Diehl Stiftung & Co. KG, Apator SA, Flonidan A/S, and Sensirion AG
Growth Drivers:	The rising number of government rules and regulations for implementation of smart meters Rising demand for improved customer service and utility effectiveness
Restraints & Challenges:	High initial investment Critical infrastructure and cyber security

Figure 1: Europe Advanced Metering Infrastructure Market Share (%), By Country, 2020

Among country, Rest of Europe held dominant position in the Europe advanced metering infrastructure market in 2020, and is expected to retain its dominance throughout the forecast period. This is due to rising construction activities in the Rest of Europe countries. For instance, according to Coherent Market Insights’ analysis, Rest of Europe advanced metering infrastructure market was valued at US$ 1,011.5 Mn in 2020 up from US$ 846.8 Mn in 2017. The market is projected to generate revenue of US$ 2,159.6 Mn by 2028, exhibiting a CAGR of 19.8% over the forecast period.

Hardware segment is expected to drive the market growth during the forecast period.

Among component, hardware segment is expected to hold dominant position in the Europe advanced metering infrastructure market during the forecast period. Hardware segment is divided into three types: smart meter, communication module, and others. Smart meters are internet-based measuring devices used for measuring water, electric, and gas consumption in commercial, residential, and industrial areas. There are three types of smart meters such as gas meters, water meters, and electric meters. Smart meters provide support to utility companies by offering reliable and cost effective services to their consumers. Smart meters collect electric consumption data in 5, 10, 15, and 20 minutes intervals based on customer premises. Therefore, there is increase in adoption of smart meters in residential and commercial sector. For instance, according to Coherent Market Insights, installed base of smart meters in the Europe is expected to be around US$ 230 million by 2020.

Figure 2: Europe Advanced Metering Infrastructure Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028

The Europe advanced metering infrastructure market was valued at US$ 5,410.7 Mn in 2020 and is expected to reach US$ 10,825.6 Mn by 2028 at a CAGR of 9.2% between 2021 and 2028.

Major players operating in the Europe advanced metering infrastructure market include Landis+Gyr, Itron Inc., Siemens AG, General Electric Co., IBM Corporation, Eaton Corporation, Aclara Technologies LLC, Elster Group GmbH, Schneider Electric SE, Gemalto, Cisco Systems, Inc., EDMI Limited, Diehl Stiftung & Co. KG, Apator SA, Flonidan A/S, and Sensirion AG.

Table of Content

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Segmentation

Detailed Segmentation

- Frequently Asked Questions -

What is the expected market size of Europe advanced metering infrastructure market in 2028?

The Europe advanced metering infrastructure market is expected to reach US$ 10,825.6 million by 2028.

What is the expected compound annual growth rate (CAGR) of the market during the forecast period (2021-2028)?

The market is expected to witness a CAGR of 9.2% during the forecast period (2021-2028).

What is the primary factor contributing to growth of the market?

The increasing demand for advanced metering infrastructure in residential and commercial sector is expected to drive growth of the Europe advanced metering infrastructure market during the forecast period.

Based on end user, which segment held the largest market share in the market in 2020?

The residential segment held the largest market share among end user in the market in 2020.

Which country held the largest market share in the market in 2020?

Rest of Europe held the largest share in the market in 2020, accounting for 18.7% share in terms of value.

Which are the key players operating in the market?

Key players operating in the market include Landis+Gyr, Itron Inc., Siemens AG, General Electric Co., IBM Corporation, Eaton Corporation, Aclara Technologies LLC, Elster Group GmbH, Schneider Electric SE, Gemalto, Cisco Systems, Inc., EDMI Limited, Diehl Stiftung & Co. KG, Apator SA, Flonidan A/S, and Sensirion AG.