The UK smart electric meter market is expected to grow at a CAGR of approximately 10.5% during the forecast period. The major factors for the growth of the market include government initiatives and adoption of smart electric grids in the nation. The UK Government’s commitment for smart meter roll-out by 2020 is a key driver for the growth of Europe smart electric meter market. Additionally, the regulations and norms in the UK is well established to fund smart electric meter deployments. Along with the implementation of electricity market reforms underway, the UK is now the potential market that provides growing opportunities for smart meter solutions. 

The UK electricity market is dominated by six major energy companies that include Centrica, Scottish, Southern Energy, E. ON, RWE npower and EDF energy. These companies generate 2/3rd of the energy and are responsible for controlling 95% of the retail market. Energy prices in the UK are market-based and remain low as compared to other peers, such as Germany and Spain, even after taxes. Transmission is separated in the UK, where ownership, maintenance, and operations of the high voltage system come to National Grid in England and Wales, Scottish Hydro-electric transmission in the North of Scotland, and Scottish Power Transmission in the South of Scotland. 

The UK Energy Bill, including the Electricity Market Reform (EMR) bill was passed in December 2013, to represent the government’s response towards electricity sector challenges. The UK electricity possesses the potential growth for major opportunities for energy efficiency and smart electricity meters. The UK Energy Bill was signed into law in August 2014 and was followed by a change in series of legislative that focused on improving the electricity implementation. The key objectives of the law that affects the electricity sector include Implementation of Electricity Market Reform to attract 110 billion investment in generation and grid investments by 2020, safety and security regulations for nuclear sector, consumer protections including limit on energy tariffs and the improved transparency of bill. These government initiatives to provide efficient electricity consumption will boost the demand for smart electric meter to accurately record electricity consumption for billing and monitoring. 

Research Methodology

The market study of the UK 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

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• 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. UK Smart Electric Meter Market Research and Analysis by Communication Technology
2. UK Smart Electric Meter Market Research and Analysis by Phase
3. UK Smart Electric Meter Market Research and Analysis by Applications

The Report Covers

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