In keeping with a brand new report from the IoT analyst agency Berg Perception, the put in base of sensible fuel meters in Europe reached 55.9 million items in 2023.
Equal to a penetration price of 45 %, this represents vital development within the adoption of sensible fuel metering know-how throughout the continent.
The report forecasts that the put in base will proceed increasing at a compound annual development price (CAGR) of 6.8 % between 2023 and 2028, reaching 77.6 million items by the tip of that interval. Annual shipments of sensible fuel meters amounted to 4.8 million items in 2023, and are anticipated to stay within the vary of 5.0–5.8 million items per yr all through the forecast interval.
The UK, Italy, and Belgium had been essentially the most lively markets in 2023, accounting for 86 % of all sensible fuel meter shipments throughout the yr.
Whereas rollouts in Italy, France, and the Netherlands are largely accomplished, the UK market is lastly ramping up yearly installations after a number of delays, with a peak of three.2–3.4 million items anticipated yearly in 2024–2025. Belgium and Eire are additionally anticipated to contribute vital cargo volumes within the coming years, and Spain is forecasted to achieve 1.0 million items shipped per yr by 2028.
Traditionally, sensible fuel meters in Europe have typically transmitted knowledge via sensible electrical energy meters utilizing native wi-fi or wired interfaces—significantly within the UK, Netherlands, and Belgium. Nonetheless, a mixture of 169 MHz RF and 2G/3G mobile connectivity has been the first mannequin for main rollouts like these in Italy and France the place fuel meters had been deployed independently.
This established order is poised for change as new LPWA (Low-Energy Huge-Space) applied sciences similar to NB-IoT achieve traction. Italy was the primary European market to undertake NB-IoT for sensible fuel meters at scale, reaching over 2.5 million NB-IoT related items by the tip of 2023. Berg Perception anticipates that by 2028, NB-IoT will turn out to be the predominant connectivity alternative for sensible fuel meters throughout a number of European international locations.
The report additionally highlights rising traits, together with the anticipated rise of hydrogen in European fuel operations. Pilot initiatives are underway within the UK and Italy to check metering units able to measuring pure hydrogen or blended hydrogen/pure fuel mixtures. Because the know-how matures, curiosity in hydrogen metering is anticipated to develop.
(Picture by Siân Wynn-Jones on Unsplash)
See additionally: UK publicizes measures to advance sensible power know-how
Wish to be taught in regards to the IoT from business leaders? Take a look at IoT Tech Expo going down in Amsterdam, California, and London. The excellent occasion is co-located with different main occasions together with Cyber Safety & Cloud Expo, AI & Massive Knowledge Expo, Edge Computing Expo, and Digital Transformation Week.
Discover different upcoming enterprise know-how occasions and webinars powered by TechForge right here.
