22 Jul '11, 8am

European smart meter market expected to grow by 26%

Reseach and consulting firm Frost & Sullivan predicts that the number of smart meters in Europe will have grown 26% by 2017 (based on a compound annual growth rate compared to 2010) with the UK having the highest growth potential, closely followed by France and Spain. The EU’s third energy directive aims to achieve 80% smart meter penetration by 2020. But Frost & Sullivan says there is regional disparity due to varying national regulation. Sweden already achieved 100% smart meter penetration in 2010, while Italy's deployment is almost complete with 33.5 million smart meters installed in 2010. According to Frost & Sullivan, the three hotspots in Europe will be France, UK and Spain, which are expected to have high growth in smart meter installations over the next two to three years. The UK is expected to see 109% growth in smart electricity meter unit shipments from 2010 to ...

Full article: http://www.renewableenergyfocus.com/view/19568/european-s...

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