The recent smart metering legislation is the next step in the country's broader transition to a low-carbon and energy efficient energy economy known as the Energiewende. Despite ambitious renewable energy targets, Germany has lagged behind its European peers–many of whom will reach 80% penetration by 2020–in meeting smart metering targets. Starting in 2017, select customer classes will begin receiving smart meters. Germany aims for full deployment by 2032 but Northeast Group is forecasting that it will achieve this sooner once the benefits of smart metering become clear.
In addition to smart metering, Germany will also invest in other smart grid infrastructure segments. Over the next decade, the country will invest $14.1bn in advanced sensors, communications and software for its distribution grid and in battery storage. Investment will be undertaken by the country's four largest utilities–RWE, E.On, EnBW, and Vattenfall–as well as the numerous Stadtwerke, or municipal utilities.
Several leading global vendors including ABB, Aclara, Elster (Honeywell), GE, Itron, Iskraemeco, Kamstrup, Landis+Gyr, Schneider, Siemens, and others will all be vying for a piece of the German market. The large market should provide ample opportunities for a significant number of vendors.
Germany Smart Grid: Market Forecast (2016-2026) is 44 pages long and includes a dataset in Excel with quantitative forecasts. To order a copy of the study, please visit: www.northeast-group.com
ABOUT: Northeast Group, LLC is a Washington, DC-based smart infrastructure market intelligence firm.
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SOURCE Northeast Group, LLC