The sold production of electricity supply or production meters in France has experienced significant fluctuations from 2017 to 2023. The value in 2023 stood at 3.3762 million items, marking a -1.65% year-on-year decline from 2022 and a compound annual growth rate (CAGR) of -16.67% over the last five years. The period witnessed notable peaks in 2018 with a 38.41% growth, followed by a series of declines, most sharply in 2021 (-43.81%). This trend continued with minimal decreases year-on-year in the subsequent years.
Forecasts indicate a gradual decline, reaching 3.1012 million items by 2028, with a forecasted 5-year CAGR of -1.35%. This suggests a stable yet diminishing demand over the next five years, impacting long-term growth at a rate of -6.59%.
Future trends to watch for:
- The potential impact of technological advancements and smart metering solutions on market dynamics.
- Governmental policies and initiatives that could either stimulate or suppress the demand for new electricity meters.
- The broader transition toward renewable energy sources and how this shifts meter production needs.
- Economic factors and their influence on construction and infrastructure projects, which inherently drive meter installations.
