According to a new report from the IoT analyst firm Berg Insight, yearly shipments of smart energy meters in Europe will reach a record level of 31.3 million units in 2018.
Intro by Patrick Delaney:
IoT Business News published this article on the European smart meter market. Rationalizing why we are posting this article, a lot of the attendees of the IoT Fuse conference have indicated that they are interested in the smart energy sector and we thought that this was an interesting data point. To put this in perspective, the EU has had a target to onboard 80 percent of consumers to use smart meters by the year 2020. This is in contrast to the USA, where almost 70 million units were installed on residences by the end of 2017 which is about half of all 130 million residential homes according to the EIA.
While market forces may drive other areas of internet connected devices, according to the article from the EIA:
Differences in smart meter penetration rates are often driven by state legislation and regulation, as some states require that regulators approve utilities’ cost recovery mechanisms for metering projects. The Smart Electric Power Alliance publishes reports on state-level actions on advanced metering, among other topics.
In addition to this, the above article notes that smart meter adoption varies widely from state to state in the United States. Looking toward Europe’s smart meter adoption may give interesting cues as to how smart meter adoption in the United States may change in the future, or at least be effected by wider-spread future potential changes in legislation.
Smart electricity meter shipments grew 16 percent compared to the previous year to 22.2 million units. At the same time smart gas meter shipments increased 9 percent to 9.1 million units.
Growth in both segments will be sustained into 2019 and 2020, driven by ongoing large-scale rollouts in multiple countries.
“The past year was another positive one for the adoption of smart meters in Europe”, says Tobias Ryberg, Principal Analyst, Berg Insight.
“Deployments of smart electricity and gas meters ramped up to volume in France. Italy continued with the installation of smart gas meters in parallel to the rollout of second-generation smart electricity meters. Spain and Norway completed their nationwide rollouts, while Lithuania became the latest country to announce one”.
The UK and Benelux were other regions with significant developments. While still behind the official timetable, the UK smart meter rolloutcontinued in 2018, with the last pieces of technical framework finally coming into place at the end of the year.
Belgium followed the Netherlands in adopting smart meters, with the launch of a large-scale project in Flanders. Germany however only made little progress with the partial rollout to larger customers. Adoption is still held back by the lack of certified smart meter data gateways. In the first wave, Germany is looking to equip approximately 5.5 million customers using more than 6,000 kWh per year or feeding solar power into the grid with smart meters.