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The smart metering industry has been growing steadily and is expected to be boosted by favourable government policies. The EU directive towards energy conservation is one of the primary reasons for future growth. Countries across Europe have adopted varied forward looking policies towards making the switch from conventional meters to smart meters.
The report begins with an overview of the industry including market size and growth. The policies towards implementation of smart meters in European countries have been highlighted. An analysis of drivers explains factors contributing to the huge potential based on EU directive and energy conservation goals, liberalization of energy market in Europe, cost benefits leading to favourable market conditions and demand side management. The key challenges identified include huge investment requirements, lack of standardization, security issues and lack of acceptability among small consumers.
The opportunities and benefits accruing to utilities, manufacturers, government and public, and ICT’s have been discussed. The major players across the value chain have been identified segregated on the basis of geographical presence. A snapshot of each company, including an overview as well as the business outlook, has been provided.