European Smart Grid Market Dynamics Examined in Research Study
Feb. 9, 2012
Around 140 million smart meters are expected to be installed in the European Union countries by the end of this decade, in keeping with the EU's aim to have 80% of households equipped with such meters by 2020.
Around 140 million smart meters are expected to be installed in the European Union countries by the end of this decade, in keeping with the EU's aim to have 80% of households equipped with such meters by 2020. The market will be biggest in countries that have been relatively slow to implement smart metering, notably Germany, the UK and Poland.
The cumulative number of smart meter units installed in Europe is expected to grow from 7.6 million units in 2010 to 105.99 million units in 2020 at a CAGR of 30.2%. The cumulative number of synchrophasor and in-home display units installed in Europe is expected to grow to 208 and 40,523,240 units by 2020 respectively.