The number of smart energy meters installed is expected to reach 335 million units across Europe by 2029.
As of the end of 2023, approximately 60% of electricity customers in the EU27+3 own smart meters, and this figure is expected to increase to 80% by 2029. In terms of shipment volume, smart meters accounted for about 85% of the total electricity meter shipments in the EU27+3 in 2023. Italy, which is currently deploying the second generation of smart meters, installed about 5 million units annually, making it the largest market by shipment volume. The UK followed as the second largest market, with annual shipments exceeding 2.2 million units, although this number could have been higher if UK electricity companies had met their annual installation targets. Sweden was the third largest market, also deploying the second generation, with annual shipments of about 1.5 million units. Poland and France also ranked in the top five by shipment volume. Other markets with high annual installation numbers included Austria, Portugal, and Belgium. [Contents] ■ European electricity, gas, and district heating markets ■ Smart meter solutions ■ IoT networks and communication technologies ■ Players in the smart meter industry ■ Market profiles ■ Case studies of smart meter projects in Europe ■ Market forecasts and trends
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Publisher: Berg Insights Publication Month: March 2025 Report Language: English *For more details, please visit our website or refer to the sample materials.
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