Table of Content

1 Introduction 7
1.1 Industry Definition and Research Scope 7
1.1.1 Industry Definition 7
1.1.2 Research Scope 8
1.2 Research Methodology 11
1.2.1 Overview of Market Research Methodology 11
1.2.2 Market Assumption 12
1.2.3 Secondary Data 12
1.2.4 Primary Data 12
1.2.5 Data Filtration and Model Design 13
1.2.6 Market Size/Share Estimation 14
1.2.7 Research Limitations 15
1.3 Executive Summary 16

2 Market Overview and Dynamics 19
2.1 Market Size and Forecast 19
2.1.1 Impact of COVID-19 on World Economy 21
2.1.2 Impact of COVID-19 on the Market 24
2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 26
2.2 Major Growth Drivers 30
2.3 Market Restraints and Challenges 35
2.4 Emerging Opportunities and Market Trends 38
2.5 Porter’s Fiver Forces Analysis 42

3 Segmentation of Europe Market by Component 46
3.1 Market Overview by Component 46
3.2 Hardware 48
3.3 Software & Service 49

4 Segmentation of Europe Market by Technology 50
4.1 Market Overview by Technology 50
4.2 Automatic Meter Reading (AMR) 52
4.3 Advanced Metering Infrastructure (AMI) 53

5 Segmentation of Europe Market by Communication Type 54
5.1 Market Overview by Communication Type 54
5.2 Cellular Technology 56
5.3 Radio Frequency (RF) 57
5.4 Power Line Communication (PLC) 58
5.5 Other Communication Types 59

6 Segmentation of Europe Market by Phase 60
6.1 Market Overview by Phase 60
6.2 Single-phase Smart Meters 62
6.3 Three-phase Smart Meters 63

7 Segmentation of Europe Market by Specification 64
7.1 Market Overview by Specification 64
7.2 SMETS1 Smart Meters 66
7.3 SMETS2 Smart Meters 67

8 Segmentation of Europe Market by Application 68
8.1 Market Overview by Application 68
8.2 Smart Electricity Meters 72
8.3 Smart Gas Meters 74
8.4 Smart Water Meters 76

9 Segmentation of Europe Market by End Use 78
9.1 Market Overview by End Use 78
9.2 Residential Use 80
9.3 Commercial Use 81
9.4 Industrial Use 82

10 European Market 2022-2032 by Country 83
10.1 Overview of European Market 83
10.2 Germany 86
10.3 U.K. 88
10.4 France 90
10.5 Spain 92
10.6 Italy 94
10.7 Russia 96
10.8 Rest of European Market 98

11 Competitive Landscape 100
11.1 Overview of Key Vendors 100
11.2 New Product Launch, Partnership, Investment, and M&A 103
11.3 Company Profiles 104
AEM 104
Aichi Tokei Denki Co., Ltd. 106
Apator SA 107
Azbil Kimmon Co., Ltd. (Azbil Corporation) 108
Badger Meter, Inc. 109
Diehl Stiftung & Co. KG 110
EDMI 111
Elster Group GmbH (Honeywell International Inc.) 112
Hexing Electric Company Ltd. 113
Holley Technology Ltd. 114
Iskraemeco 115
Itron Inc. 116
Jiangsu Linyang Energy Co., Ltd. 117
Kamstrup AS 118
Landis+Gyr Group AG 119
Neptune Technology Group Inc. 120
Ningbo Sanxing Electric Co., Ltd. 121
Pietro Fiorentini SpA 122
Sagemcom SAS 123
Schneider Electric SA 124
Sensus Usa Inc. (Xylem Inc.) 125
Siemens AG 126
Wasion Holdings Limited 127
Yazaki Corporation 128
Zenner International GmbH & Co. KG 129
RELATED REPORTS 130



List of Figures

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2032 16
Figure 4. Europe Smart Meters Market by Value, 2022-2032, $ mn 19
Figure 5. Europe Smart Meters Market by Volume, 2022-2032, million units 20
Figure 6. Impact of COVID-19 on Business 24
Figure 7. Primary Drivers and Impact Factors of Europe Smart Meters Market 30
Figure 8. Forecast of Middle-class Population by Region, 2015-2030, million 33
Figure 9. Worldwide Smart Grid Technology Market, 2022-2028, $ billion 33
Figure 10. Drivers for Smart Technology Investment 34
Figure 11. Primary Restraints and Impact Factors of Europe Smart Meters Market 35
Figure 12. Investment Opportunity Analysis 39
Figure 13. Porter’s Fiver Forces Analysis of Europe Smart Meters Market 42
Figure 14. Breakdown of Europe Smart Meters Market by Component, 2022-2032, % of Revenue 47
Figure 15. Europe Addressable Market Cap in 2023-2032 by Component, Value ($ mn) and Share (%) 47
Figure 16. Europe Smart Meters Market by Component: Hardware, 2022-2032, $ mn 48
Figure 17. Europe Smart Meters Market by Component: Software & Service, 2022-2032, $ mn 49
Figure 18. Breakdown of Europe Smart Meters Market by Technology, 2022-2032, % of Sales Revenue 51
Figure 19. Europe Addressable Market Cap in 2023-2032 by Technology, Value ($ mn) and Share (%) 51
Figure 20. Europe Smart Meters Market by Technology: Automatic Meter Reading (AMR), 2022-2032, $ mn 52
Figure 21. Europe Smart Meters Market by Technology: Advanced Metering Infrastructure (AMI), 2022-2032, $ mn 53
Figure 22. Breakdown of Europe Smart Meters Market by Communication Type, 2022-2032, % of Sales Revenue 55
Figure 23. Europe Addressable Market Cap in 2023-2032 by Communication Type, Value ($ mn) and Share (%) 55
Figure 24. Europe Smart Meters Market by Communication Type: Cellular Technology, 2022-2032, $ mn 56
Figure 25. Europe Smart Meters Market by Communication Type: Radio Frequency (RF), 2022-2032, $ mn 57
Figure 26. Europe Smart Meters Market by Communication Type: Power Line Communication (PLC), 2022-2032, $ mn 58
Figure 27. Europe Smart Meters Market by Communication Type: Other Communication Types, 2022-2032, $ mn 59
Figure 28. Breakdown of Europe Smart Meters Market by Phase, 2022-2032, % of Revenue 61
Figure 29. Europe Addressable Market Cap in 2023-2032 by Phase, Value ($ mn) and Share (%) 61
Figure 30. Europe Smart Meters Market by Phase: Single-phase Smart Meters, 2022-2032, $ mn 62
Figure 31. Europe Smart Meters Market by Phase: Three-phase Smart Meters, 2022-2032, $ mn 63
Figure 32. Breakdown of Europe Smart Meters Market by Specification, 2022-2032, % of Revenue 65
Figure 33. Europe Addressable Market Cap in 2023-2032 by Specification, Value ($ mn) and Share (%) 65
Figure 34. Europe Smart Meters Market by Specification: SMETS1 Smart Meters, 2022-2032, $ mn 66
Figure 35. Europe Smart Meters Market by Specification: SMETS2 Smart Meters, 2022-2032, $ mn 67
Figure 36. Breakdown of Europe Smart Meters Market by Application, 2022-2032, % of Sales Value 68
Figure 37. Europe Addressable Market Cap in 2023-2032 by Application, Value ($ mn) and Share (%) 69
Figure 38. Breakdown of Europe Smart Meters Market by Application, 2022-2032, % of Sales Volume 70
Figure 39. Europe Addressable Market Cap in 2023-2032 by Application, Volume (million units) and Share (%) 71
Figure 40. Europe Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, $ mn 72
Figure 41. Europe Smart Meters Market by Application: Smart Electricity Meters, 2022-2032, million units 73
Figure 42. Europe Smart Meters Market by Application: Smart Gas Meters, 2022-2032, $ mn 74
Figure 43. Europe Smart Meters Market by Application: Smart Gas Meters, 2022-2032, million units 75
Figure 44. Europe Smart Meters Market by Application: Smart Water Meters, 2022-2032, $ mn 76
Figure 45. Europe Smart Meters Market by Application: Smart Water Meters, 2022-2032, million units 77
Figure 46. Breakdown of Europe Smart Meters Market by End Use, 2022-2032, % of Revenue 78
Figure 47. Europe Addressable Market Cap in 2023-2032 by End Use, Value ($ mn) and Share (%) 79
Figure 48. Europe Smart Meters Market by End Use: Residential Use, 2022-2032, $ mn 80
Figure 49. Europe Smart Meters Market by End Use: Commercial Use, 2022-2032, $ mn 81
Figure 50. Europe Smart Meters Market by End Use: Industrial Use, 2022-2032, $ mn 82
Figure 51. Breakdown of European Smart Meters Market by Country, 2022 and 2032, % of Revenue 84
Figure 52. Contribution to Europe 2023-2032 Cumulative Market by Country, Value ($ mn) and Share (%) 85
Figure 53. Smart Meters Market in Germany, 2022-2032, $ mn 86
Figure 54. Smart Meters Market in U.K., 2022-2032, $ mn 88
Figure 55. Smart Meters Market in France, 2022-2032, $ mn 90
Figure 56. Smart Meters Market in Spain, 2022-2032, $ mn 92
Figure 57. Smart Meters Market in Italy, 2022-2032, $ mn 94
Figure 58. Smart Meters Market in Russia, 2022-2032, $ mn 96
Figure 59. Smart Meters Market in Rest of Europe, 2022-2032, $ mn 98
Figure 60. Growth Stage of Europe Smart Meters Industry over the Forecast Period 100

List of Tables

List of Tables:
Table 1. Snapshot of Europe Smart Meters Market in Balanced Perspective, 2022-2032 17
Table 2. World Economic Outlook, 2021-2031 22
Table 3. World Economic Outlook, 2021-2023 23
Table 4. Scenarios for Economic Impact of Ukraine Crisis 27
Table 5. Main Product Trends and Market Opportunities in Europe Smart Meters Market 38
Table 6. Europe Smart Meters Market by Component, 2022-2032, $ mn 46
Table 7. Europe Smart Meters Market by Technology, 2022-2032, $ mn 50
Table 8. Europe Smart Meters Market by Communication Type, 2022-2032, $ mn 54
Table 9. Europe Smart Meters Market by Phase, 2022-2032, $ mn 60
Table 10. Europe Smart Meters Market by Specification, 2022-2032, $ mn 64
Table 11. Europe Smart Meters Market by Application by Value, 2022-2032, $ mn 68
Table 12. Europe Smart Meters Market by Application by Volume, 2022-2032, million units 70
Table 13. Europe Smart Meters Market by End Use, 2022-2032, $ mn 78
Table 14. Europe Smart Meters Market by Country, 2022-2032, $ mn 85
Table 15. Germany Smart Meters Market by Technology, 2022-2032, $ mn 87
Table 16. Germany Smart Meters Market by Application, 2022-2032, $ mn 87
Table 17. Germany Smart Meters Market by End Use, 2022-2032, $ mn 87
Table 18. U.K. Smart Meters Market by Technology, 2022-2032, $ mn 89
Table 19. U.K. Smart Meters Market by Application, 2022-2032, $ mn 89
Table 20. U.K. Smart Meters Market by End Use, 2022-2032, $ mn 89
Table 21. France Smart Meters Market by Technology, 2022-2032, $ mn 91
Table 22. France Smart Meters Market by Application, 2022-2032, $ mn 91
Table 23. France Smart Meters Market by End Use, 2022-2032, $ mn 91
Table 24. Spain Smart Meters Market by Technology, 2022-2032, $ mn 93
Table 25. Spain Smart Meters Market by Application, 2022-2032, $ mn 93
Table 26. Spain Smart Meters Market by End Use, 2022-2032, $ mn 93
Table 27. Italy Smart Meters Market by Technology, 2022-2032, $ mn 95
Table 28. Italy Smart Meters Market by Application, 2022-2032, $ mn 95
Table 29. Italy Smart Meters Market by End Use, 2022-2032, $ mn 95
Table 30. Russia Smart Meters Market by Technology, 2022-2032, $ mn 97
Table 31. Russia Smart Meters Market by Application, 2022-2032, $ mn 97
Table 32. Russia Smart Meters Market by End Use, 2022-2032, $ mn 97
Table 33. Smart Meters Market in Rest of Europe by Country, 2022-2032, $ mn 99
Table 34. AEM: Company Snapshot 104
Table 35. AEM: Business Segmentation 105
Table 36. AEM: Product Portfolio 105