The Germany smart electric meter market is estimated to grow at a CAGR of approximately 8.9% during the forecast period. The major reason for the growth of the market is the adoption of electric grids and increasing per capita consumption in the nation. Germany smart electric meter market is mainly driven by supported government initiatives for energy conservation and efficient electricity grid development. The National Energy Efficiency Action Plan in 2016 (Federal Ministry for Economic Affairs and Energy, Germany, 2017) launched a national initiative for residential appliances. The action plan aims to reduce primary energy demand, increase renewable energy supply and improve overall system efficiency. 

In addition, the country also launched a program to fund small grid pilot projects. As per Third Energy Package introduced by Europe in 2009, the directive of the package requires the European member states to equip 80% of consumers with smart metering systems by 2020. The key objective of the new law is to facilitate the implementation of smart meter and smart meter gateway devices. For this, the country implements the EU Directives 2009/72/EG and 2009/73/EG into the German Law.  The Act specifies detailed requirements for the design of the smart meter devices and for the transmission of data through it. The goal of the act was to convert the energy market to digitalisation, thereby ensuring a high standard of data protection and ICT security.

The Smart Meters Operation Act developed guided rules for marketing and use of smart meters and smart meter gateways. The act introduced rule for meter operators to responsibly implement, operate and maintain smart meters with specific legal obligations. The Act focuses on technical requirements, reliability and security of energy measurement, and transmission of data. The Act also determines a roll-out plan regarding the installation of Smart meters, which began in 2017 and continue until 2032. The plan comprises process for different roll-out periods for different types of end consumers and plant operators. The act requires operators to equip consumers with more than 6,000 kWh yearly consumption, and plant operators with an installed capacity of more than 7 kW, with Smart meters. The law also requires manufacturers to supply the devices according to certification by the Federal Office for Information Security. 

Research Methodology

The market study of the Germany Smart Electric Meter market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

1. Financial reports of companies involved in the market.
2. Whitepapers, research-papers, and news blogs.
3. Company websites and their product catalog.

The report is intended for smart electric meter manufacturers, distributors and suppliers, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Germany Smart Electric Meter Market Research and Analysis by Communication Technology
2. Germany Smart Electric Meter Market Research and Analysis by Phase
3. Germany Smart Electric Meter Market Research and Analysis by Applications

The Report Covers

• Comprehensive research methodology of the Germany 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 Germany Smart Electric Meter market.
• Insights about market determinants which are stimulating the Germany Smart Electric Meter market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.