Smart Meter Manufacturing in the UK - Industry Market Research Report

Smart Construction: Construction Activity Across the UK Will Elevate Demand for Smart Meters

Smart meter manufacturers were supported by government initiatives to roll out smart meters nationwide, boosting demand and accounting for the considerable industry revenue in 2018-19. However, the pandemic caused significant disruptions to the need for smart meters, as restrictions slowed smart meter installations in new and existing houses. The disruption of smart meter installations means that over the five years through 2022-23, revenue is forecast to drop at a compound annual rate of 5.4% to £1.4 billion. Companies in this industry manufacture smart meters, which are electrical, gas or water meters that record consumption information and communicate this information to utility companies for monitoring and billing purposes.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.