The UK smart meters market is projected to grow at a significant CAGR during the forecast period. The market is backed by significant installations of smart meters in the country. As of March 2019, there were a total of 21.3 million gas meters and 25.7 million electricity meters operated by large energy suppliers in domestic sites across Great Britain.
Small energy suppliers reported operating a total of 352,800 smart meters as of 2018; this is 9.4% of domestic meters operated by small energy suppliers. As of March 2019, around 1.1 million smart and advanced meters have been installed in smaller non-domestic sites by both, large and small energy suppliers.
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The Government of the UK is focused on ensuring that every home and small business in the country is offered a smart meter by the end of 2020. To ensure this, the Government had launched Smart Metering Programme in December 2011 that aims to roll-out over 50 million smart gas and electricity meters to all domestic and industrial sites in Great Britain impacting around 30 million premises in the country. The Smart Metering Programme is being conducted in two phases- Foundation Phase & Main i\Installation Phase. Additionally, in 2008, the UK Government mandated that 53 million smart electric and gas meters be deployed in homes and businesses by 2020.
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Market Coverage
- Study Period- 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segments Covered- By Product Type, by Technology, and by Application
- Key Companies Profiled- Diehl Stiftung& Co. KG, Eaton Corp., Landis+Gyr AG, Schneider Electric SE, Siemens AG, Schneider Electric SE, Holley Technology UK Ltd., and others
Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and the coming years?
- Recovery Timeline
- Deviation from the pre-COVID-19 forecast
- Most affected region/segment
- Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
UK Smart Meters Market – Segmentation
By Product Type
- Smart Gas Meters
- Smart Electric Meters
- Smart Water Maters
By Technology
- Advanced Metering Infrastructure (AMI)
- Automated Meter Reading (AMR)
By Application
- Residential
- Commercial
- Industrial
