According to a new report by Berg Insight, an M2M/IoT analyst firm, smart metering market has an exciting future in Europe
Smart metering market seems to have a great future in Europe. According to Berg Insight, a dedicated M2M/IoT market research firm based in Sweden, smart metering has reached a stage of early rollout with mass roll-outs underway in significant parts of the Europe. It predicts that annual shipments of smart gas meters in Europe will increase by 118% between 2016 and 2018 to reach 11.8 million units. The adoption of smart gas metering in the European gas market took off in 2016 as the number of installed devices more than doubled to 10.1 million units.
The analyst firm specialising in all major M2M/IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M has done some extensive research to come up with certain interesting insights about the smart metering market.
According to the report, by 2022, the installed base is projected to reach 62.4 million units. The increase will mainly be driven by nationwide rollouts in France, Italy, the Netherlands and the UK. Among all European countries, Italy will emerge as the largest market with annual demand projected to peak at more than 5 million units towards the end of the decade.
The nationwide rollout in France and the UK will also pick up speed in 2017 as both countries enter the mass deployment phase. In the Netherlands, the full-scale rollout is already underway and will continue until the early 2020s.
The report also throws some light on the technologies used for smart gas metering systems. Most of these systems use different forms of wireless communication. Short-range radio communication using the 169 MHz frequency band is the de-facto industry networking standard in France and Italy where smart gas meters are deployed independently of smart electricity meters. Emerging LPWA technologies have arrived too, but their arrival has been termed delayed to have any significant impact on the market in the short term.
Tobias Ryberg, senior analyst, Berg Insight says, “There is clearly a big gap between the wireless networking solutions pitched by the technology industry and the technologies adopted by utilities. In this case conventional point-to-multipoint radios can do the job at a reasonable cost and with proven reliability.”