Managed Smart Metering Services To Thrive As Utilities Seek To Maximize Value

Gothenburg, Sweden – June 22, 2020: Berg Insight has in a new report published today found that the installed base of smart electricity and gas meters in Europe was 168.3 million in 2019. The installed base is forecasted to grow at a compound annual growth rate (CAGR) of 8.9 percent to reach 280.4 million units in 2025. The majority of new installations will take place in France, Italy and the UK, with significant contributions also coming from countries such as Austria and the Netherlands in the next couple of years. The penetration rate of smart electricity meters in the EU27+3 amounted to 45 percent in 2019. The corresponding percentage for smart gas meters was 28 percent.

“As many large-scale European smart metering projects are now completed or in the midst of being rolled out, utilities are becoming increasingly occupied with how to maximize the value of their metering infrastructure by enabling a range of new applications and services beyond meter-to-cash”, said Levi Ostling, IoT  Analyst, Berg Insight. The trend can also be seen among utilities which are yet to launch large-scale rollouts as these are looking to future-proof their systems and gain economies of scope. Major drivers for this development include a growing interest in electric vehicles, micro-generation systems and smart city applications. “From a utility procurement perspective, it is expected that there will be less focus on the underlying metering infrastructure in the long run, with functionality taking precedence over individual hardware choices” continued Mr. Ostling. In line with this development, service-oriented smart metering solutions have now become an area of interest among utilities throughout Europe, including both standalone software subscriptions and end-to-end managed services. In the next few years, managed services are anticipated to see a particularly strong growth in markets that comprise a large number of small- and mid-sized utilities. High upfront costs and lack of relevant technical expertise are two major barriers for adopting smart metering among utilities which have not yet done so. “Managed services have the potential to transform this remaining group of utilities to eager adopters in the 2020s”, concluded Mr. Ostling.

Download report brochure: Smart Metering in Europe

About Berg Insight

Berg Insight is a dedicated M2M/IoT market research firm based in Sweden. We have been specializing in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focused research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 1000 clients in 72 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants.

For additional information, please contact:

Johan Fagerberg, CEO

E-mail: johan.fagerberg@berginsight.com

Phone: +46 31 711 30 91

Twitter: www.twitter.com/berginsight


Home | Vending Technology News | More News | Vending Newsletter sign up | Questions? Contact us | email press release

Call us at 1-800-956-8363 or POST YOUR COMPANY, GET NEW BUSINESS!