Smart energy meter shipments in Europe will reach 31.3mn units in 2018

According to a new report from the IoT analyst firm Berg Insight, yearly shipments of smart energy meters in Europe will reach a record level of 31.3 million units in 2018. Smart electricity meter shipments grew 16% compared to the previous year to 22.2 million units. At the same time smart gas meter shipments increased 9% to 9.1 million units. Growth in both segments will be sustained into 2019 and 2020, driven by ongoing large-scale rollouts in multiple countries. “The past year was another positive one for the adoption of smart meters in Europe”, says Tobias Ryberg, principal analyst, Berg Insight. “Deployments of smart electricity and gas meters ramped up to volume in France. Italy continued with the installation of smart gas meters in parallel to the rollout of second-generation smart electricity meters. Spain and Norway completed their nationwide rollouts, while Lithuania became the latest country to announce one”.