The annual shipments of smart electric meters in Europe will reach a record level in 2021, according to a new report issued by Berg Insight.
Up to 34.8 million units are expected to be installed in the bloc in 2021, compared to the 20.9 million smart electric meters and 8.5 million smart gas meters installed in 2019.
However, installations are expected to decline by 10% in 2020 compared to 2019 due to temporary postponements being made to rollouts as a result of COVID-19.
Major first-wave rollouts in countries such as France and the Netherlands are expected to be completed according to timelines in the next couple of years, while the largely delayed UK rollout is forecasted to ramp up during the same time period.
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Italy is now in the late stages of its deployment of smart gas meters, as well as in the midst of its second-wave rollout of smart electricity meters, contributing to significant volumes in the next few years.
Large-scale second-wave rollouts in Sweden and Finland will also play a huge role in the growth of the smart meters in 2021. Second-wave rollouts are expected to account for 30% to 35% of all meter rollouts between 2020 and 2024, whilst central and eastern Europe will dominate the bloc’s smart meter market.
Austra, Switzerland, Poland, Lithuania, Romania and Croatia are expected to expand their smart meters market in 2020s, whilst Germany is expected to slowly expand its market until 2032.
Levi Ostling, an IoT analyst with Berg Insight, said: “Although the COVID-19 pandemic has forced the fieldwork of several major smart metering projects to pause temporarily, the market is nonetheless expected to remain robust with the cumulative number of smart meter shipments being largely unaffected over a three-year period.
“Central and Eastern Europe markets are expected to account for as much as 46 percent of annual EU smart meter shipments in 2025, up from 9 percent in 2019.”