European Smart Metering Market Transformation: Adoption of NB-IoT and LTE-M Connectivity Picking Up Speed

Dublin, Feb. 29, 2024 (GLOBE NEWSWIRE) -- The "Smart Metering in Europe - 18th Edition" report has been added to's offering.

Smart Metering in Europe is the eighteenth consecutive report analysing the latest developments for smart metering (electricity and gas) in Europe. This strategic research report includes 5-year industry forecasts, expert commentary and real-life case studies.

Highlights from the report:

  • Full coverage of the European market with in-depth market profiles of all countries in EU27+3.
  • Case studies of smart electricity and gas metering projects by the leading energy groups in Europe.
  • 360-degree overview of next-generation PLC, RF and cellular standards for smart grid communications.
  • Updated profiles of the key players in the metering industry.
  • New detailed forecasts for smart electricity and gas meters in 30 countries until 2028.
  • Summary of the latest developments in the European energy industry.

More than 56 percent of the electricity customers in EU27+3 had a smart meter at the end of 2022 - a figure that is forecasted to increase to as much as 78 percent in 2028. In terms of shipments, smart meters accounted for around 80 percent of total EU27+3 electricity meter shipments in 2022. Italy, which is currently in the midst of its second-generation rollout, was the largest market in terms of shipments with around 2.6 million units installed during the year.

The United Kingdom was the second largest market by volume with yearly shipments of more than 2.5 million units, a number that should have been higher if the British utilities met their installation targets for the year. The third largest market was Sweden, which is in the midst of its second-generation deployment, with yearly shipments of around 1.4-1.5 million units. Poland and France also made their way in the top five in terms of shipment volumes. Other markets with large installation volumes during the year included Austria and Belgium.

The smart metering market in Europe remains promising and is set for robust growth in the coming years with a total of close to 110 million smart electricity meters forecasted to be deployed across the region during 2023-2028.

In addition to major first-generation deployments in countries such as the UK, France, Austria, Belgium and Portugal, second generation rollouts in countries such as Italy and Sweden will contribute with substantial shipment volumes up until the end of 2024. Poland, which is currently ramping up smart meter installations will meanwhile account for a substantial and increasing share of smart meter shipments throughout the entire forecast period. From 2025 and forward, the ramp up of second-generation installations in markets such as Spain as well as first-generation deployments in Germany and Greece are also expected to be important contributors to yearly shipment volumes. In total, replacements of first generation smart meters are expected to be in the range of 25-40 percent of total smart meter shipments in Europe throughout the next five years, or 4-8 million units annually.

While rollouts in many countries in Western Europe and the Nordics are now either well-advanced or largely completed, the focus is increasingly shifting to Central, East and Southeast Europe. The outlook for the region has improved significantly over the past years with multiple major rollouts now planned or already under way. Overall, the CEE and Southeast European region is expected to account for as much as 51 percent of annual EU27+3 smart meter shipments in 2028, up from 30 percent in 2022. Looking only at the growth in annual shipment volumes of first-generation smart meter projects, all the 10 fastest growing markets can be found in CEE and Southeast Europe.

The rapid development of new wireless technologies for IoT communications has a major impact on the smart metering market in Europe. DSOs planning for new smart grid projects and rollouts in the mid-2020s have a wide range of increasingly sophisticated wireless technologies to choose from for their networking platforms. Wireless technologies have a number of advantages compared to PLC technologies which dominated the first wave of smart electricity deployments in Europe. Supported by massive R&D investments in the mobile communications industry in combination with decreasing mobile subscription costs, 3GPP-based LPWA technologies such as NB-IoT and LTE-M are now rapidly gaining traction in the electricity, gas and water utilities space. Several major deployments utilising these technologies are now either under way or about to begin in the Benelux, the Nordics and the Baltics. 3GPPbased LPWA will more than quadruple its smart meter connectivity market share throughout the forecast period. At the moment, various forms of PLC will remain the dominant technology group in terms of installed base although purely wireless communications options are forecasted to account for over 50 percent of shipment volumes during the forecast period - peaking at around 64 percent in 2025-2026.

Adoption of smart metering is also growing fast in the European gas distribution market. At the end of 2022 around 42 percent of the natural gas customers in EU27+3 had been equipped with a smart gas meter. The report estimates that the number of natural gas customers with a smart gas meter will increase to 77.6 million in 2028, equal to a penetration rate of more than 61 percent. Annual shipments of smart gas meters in the EU27+3 amounted to 5.2 million units in 2022. This represented a decrease of 1.4 million units in comparison to 2021, since the mass-rollout phase in major markets such as Italy and France were largely completed during the year in combination with a slower than anticipated pace of installations in the UK. Nevertheless, France was the most active market in 2022 with yearly shipment volumes of 1.9 million units while the UK and Italy accounted for 1.8 million and 0.8 million units respectively. Throughout the forecast period, annual shipment volumes of smart gas meters will remain stable at around 5-6 million units. Shipment volumes are expected to decrease in Italy until 2025 and then increase until the end of the forecast period while yearly shipments in France will stay at around 0.1 million from 2023 onwards.

After multiple delays, the UK market is expected to gradually ramp up smart gas meter installations and reach a peak of 3.4 million units in 2025. A significant volume of smart gas meter installations is also anticipated in additional countries over the coming years, particularly Spain and Belgium, where the former will account for 22 percent of yearly shipment volumes in Europe by 2028.

Key Topics Covered:

1 Electricity, Gas and District Heating Markets in Europe
1.1 Energy industry players
1.2 Electricity market
1.3 Gas market
1.4 District heating market

2 Smart Metering Solutions
2.1 Introduction to smart grids
2.2 Smart metering
2.3 Project strategies
2.4 Regulatory issues

3 IoT Networks and Communications Technologies
3.1 IoT network technologies
3.1.1 Network architecture
3.1.2 Unlicensed and licensed frequency bands
3.2 PLC technology and standards
3.2.1 International standards organisations
3.2.2 G3-PLC
3.2.3 PRIME
3.2.4 Meters & More
3.2.5 OSGP
3.3 3GPP cellular and LPWA technologies
3.3.1 2G/3G/4G/5G cellular technologies and IoT
3.3.2 NB-IoT and LTE-M
3.3.3 The role of cellular networks in smart meter communications
3.3.4 LoRa and LoRaWAN
3.3.5 Sigfox
3.4 Other RF technologies and standards
3.4.1 IEEE 802.15.4
3.4.2 Wi-SUN
3.4.3 Proprietary IPv6 connectivity stacks based on 802.15.4
3.4.4 EN 13757

4 Smart Metering Industry Players
4.1 Meter vendors

  • Itron
  • Landis+Gyr
  • Aclara (Hubbell)
  • ADD Grup
  • AEM
  • Aidon (Gridspertise)
  • Apator
  • Circutor
  • Diehl Metering
  • EDMI (Osaki Electric)
  • EFR
  • Elgama Elektronika (Linyang Energy)
  • EMH Metering
  • Flonidan
  • Gridspertise (Enel)
  • Hexing Electrical
  • Honeywell
  • Holley Technology
  • Iskraemeco
  • Kaifa Technology
  • Kamstrup
  • Meter&Control
  • MeteRSIT
  • Networked Energy Services
  • NIK
  • Pietro Fiorentini
  • Sagemcom
  • Sanxing Electric
  • Wasion
  • ZIV
  • ZPA Smart Energy
  • ZTE Corporation

4.2 Communications solution providers

  • Corinex
  • CyanConnode
  • Devolo
  • NuriFlex
  • Ormazabal
  • Power Plus Communications
  • Sensus
  • Theben Smart Energy
  • Toshiba
  • Trilliant
  • Xemex

4.3 Software solution providers

  • Avance Metering
  • Atlantica Digital
  • Cuculus
  • Embriq
  • Hansen Technologies
  • Ferranti
  • Kisters
  • Oracle
  • Robotron Datenbank-Software
  • SAP
  • Siemens
  • Telecontrol STM
  • Terranova Software

4.4 System integrators and communications service providers

  • A1 Telekom Austria
  • Arqiva
  • Atos
  • Capgemini
  • CGI
  • Com4
  • Greenbird Integration Technology
  • IBM
  • Telecom Italia
  • Telefonica
  • Telenor
  • Telia Company
  • Utility Connect
  • Vodafone

5 Market Profiles
5.1 Regional summary
5.1.1 EU energy strategy
5.1.2 EU policies related to smart metering
5.1.3 Smart metering policies on the national level
5.1.4 Top smart metering projects in EU27+3 countries

6 Case Studies: Smart Metering Projects in Europe
6.1 Enel
6.1.1 Enel Open Meter and the second-generation rollout in Italy
6.1.2 Endesa's smart metering project in Spain
6.1.3 Smart meter rollout in Romania
6.2 Enedis
6.2.1 The Linky Programme
6.2.2 System development and large-scale pilot
6.2.3 Full-scale rollout
6.3 Current smart meter projects in four European countries
6.3.1 Austria - Wiener Netze
6.3.2 Belgium - Fluvius
6.3.3 Ireland - ESB Networks
6.3.4 Lithuania - ESO
6.4 Pioneering next-generation smart meter rollouts
6.4.1 E.ON Sweden
6.4.2 Elenia
6.5 Smart gas meter rollouts in France and Italy
6.5.1 GRDF
6.5.2 2i Rete
6.6 Smart meter communications platforms in Germany and the UK
6.7 Smart metering in Eastern Europe and the Balkans

7 Market Forecasts and Trends
7.1 Market trends
7.1.1 Second-wave rollouts to account for a substantial share of shipments
7.1.2 Growth increasingly driven by CEE and Southeast European projects
7.1.3 Adoption of NB-IoT and LTE-M connectivity picking up speed
7.1.4 Making smart metering systems secure by design
7.1.5 Rethinking the smart metering offering to respond to emerging utility needs
7.1.6 Europe gearing up for hydrogen supply operations
7.2 Smart electricity metering market forecast
7.3 Smart gas metering market forecast

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