UK Smart Electric Meter Market Increasing Demand, Growth Analysis and Future Outlook by 2031

The UK smart electric meter market is expected to grow at a CAGR of approximately 10.5% during the forecast period. The major factors for the growth of the market include government initiatives and adoption of smart electric grids in the nation. The UK Government’s commitment for smart meter roll-out by 2020 is a key driver for the growth of Europe smart electric meter market. Additionally, the regulations and norms in the UK is well established to fund smart electric meter deployments. Along with the implementation of electricity market reforms underway, the UK is now the potential market that provides growing opportunities for smart meter solutions.

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The UK market for smart meters is segmented on the basis of product type, technology, and application. Based on the product type, the market is classified into smart gas meters, smart electric meters, and smart water meters. The smart electric meter segment is projected to have a considerable share in the market. Based on the technology, the market is segmented into Advanced Metering Infrastructure (AMI) and Automated Meter Reading (AMR). The AMI Segment held a significant market share. On the basis of application, the market is segregated into residential, commercial, and industrial. Among these, the residential application segment is projected to hold a significant share in the market.

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  • Market Coverage

  • Market number available for – 2024-2031

  • Base year- 2024

  • Forecast period- 2024-2031

  • Segment Covered- By Source, By Product Type, By Applications

  • Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others


Market Segmentation

UK Smart electric meter Market by Communication Technology

  • Power Line Communication

  • Cellular

  • Radio Frequency


UK Smart electric meter Market by Phase

  • Single Phase

  • Three Phase


UK Smart electric meter Market by Application

  • Residential

  • Commercial

  • Industrial


Regional Analysis

  • United States

  • copyright


Company Profiles

  • Aclara Technologies LLC

  • Elster Group

  • Landis+Gyr AG

  • Schneider Electric SE

  • Sensus, a Xylem brand

  • Siemens AG

  • Toshiba Corp.

  • Wasion Group


The Report Covers

  • Comprehensive research methodology of the UK Smart Electric Meter market.

  • This report also includes a detailed and extensive market overview with key analyst insights.

  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.

  • Analysis of regional regulations and other government policies impacting the UK Smart Electric Meter market.

  • Insights about market determinants which are stimulating the UK Smart Electric Meter market.

  • Detailed and extensive market segments with regional distribution of forecasted revenues.

  • Extensive profiles and recent developments of market players.


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