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Smart Energy Meters Market in Europe 2009-2013
Infiniti Research Limited, Jan 2010, Pages: 17
The Smart meter technology is designed to show the exact use of energy; allowing them to curb its use, save money, and cut carbon emissions. These meters provide a wide range of advanced features. Such features include the ability to detect service outage, unauthorized use of electricity and change the maximum amount of electricity that a customer can demand. Further, they help in remotely changing the meter's billing plan from credit to pre-paid, as well as from flat-rate to multi-tariff.
The switch from regular energy meters to Smart energy meters in Europe is to a large extent driven by the governmental rules and regulations. The first few countries that initiated the implementation of these meters on a large scale in Europe were Sweden, Netherlands, Ireland, Norway, Italy and Spain, followed by the UK and Finland. Furthermore, the nationwide projects led by publicly owned energy companies are underway in Portugal and Malta. Moreover, Sweden has achieved 100 percent penetration in the implementation of Smart energy meters.
Within Europe, liberalization of the energy market in 2007, along with the evolution of favorable regulatory frameworks, has opened up the Smart meter market. Further, the increasing electricity prices and consumer awareness are factors influencing the market growth, apart from the governmental initiatives.
The report by TechNavio Insights forecasts the size of the smart energy meters market in Europe over the period 2009-2013. Further, it discusses the key market trends, drivers and challenges of the smart energy meters market in Europe and profiles some of the key vendors of this industry.
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