UK Smart Electricity Meters Market Size & Outlook
UK smart electricity meters market, 2017-2030 (US$M)
Related Markets
UK smart electricity meters market highlights
- The UK smart electricity meters market generated a revenue of USD 716.0 million in 2023 and is expected to reach USD 1,252.4 million by 2030.
- The UK market is expected to grow at a CAGR of 8.3% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating end-use in 2023.
- Industrial is the most lucrative end-use segment registering the fastest growth during the forecast period.
Smart electricity meters market data book summary
| Market revenue in 2023 | USD 716.0 million |
| Market revenue in 2030 | USD 1,252.4 million |
| Growth rate | 8.3% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Industrial |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
| Key market players worldwide | Abbott Laboratories, ABB Ltd, GE Aerospace, Holley Inc Class A, Honeywell International Inc, Itron Inc, Schneider Electric SE, Siemens AG, El Sewedy Electrical Solutions |
Other key industry trends
- In terms of revenue, UK accounted for 5.5% of the global smart electricity meters market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK smart electricity meters market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 747.5 million by 2030.
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Smart Electricity Meters Market Scope
Smart Electricity Meters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
UK smart electricity meters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smart electricity meters market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 90.39% in 2023. Horizon Databook has segmented the UK smart electricity meters market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2017 to 2030.
- UK Smart Electricity Meters End-Use Outlook (Revenue, USD Million, 2017-2030)
- Residential
- Commercial
- Industrial
- UK Smart Electricity Meters Phase Outlook (Revenue, USD Million, 2017-2030)
- Single Phase
- Three Phase
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Our clientele includes a mix of smart electricity meters market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK smart electricity meters market , including forecasts for subscribers. This country databook contains high-level insights into UK smart electricity meters market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
UK smart electricity meters market size, by end-use, 2017-2030 (US$M)
UK Smart Electricity Meters Market Outlook Share, 2023 & 2030 (US$M)
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