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AMI Electric Meter Market Share

Report ID: GMI5694
Published Date: Oct 2024
Report Format: PDF

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AMI Electric Meter Market Share

Siemens, Mitsubishi Electric, Honeywell, Kamstrup and Sensus hold a significant market share. These companies are recognized for their innovative technologies and solutions that enhance energy management and efficiency., Kamstrup and Sensus specialize in electricity metering solutions, focusing on accuracy and real-time data collection. Their contributions are vital for modernizing utility infrastructures, improving customer engagement, and facilitating the transition to sustainable energy systems.

AMI Electric Meter Market Companies

Major players operating in the AMI electric meter industry are:

Apator
Cisco Systems
General Electric
Honeywell International
Itron
Kamstrup
Landis+Gyr
Larsen & Toubro
Mitsubishi Electric
Schneider Electric
Sensus
Siemens
Trinity Energy Systems

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for AMI electric meter was reached USD 19.7 billion in 2023 and is estimated to grow at a 6.3% CAGR from 2024 to 2032, driven by the global rise in energy demand.

The residential segment is expected to surpass USD 18.6 billion by 2032, as advanced metering infrastructure enables customers to manage their energy consumption more efficiently, reducing energy bills.

The RF technology segment is anticipated to achieve a CAGR of over 6% through 2032, due to its efficient and reliable data transmission through existing electrical infrastructure.

The U.S. AMI electric meter market is anticipated to surpass USD 1.4 billion by 2032, driven by the need to combat non-technical losses and improve power distribution efficiency.

Prominent key players are Apator, Cisco Systems, General Electric, Honeywell International, Itron, Kamstrup, Landis+Gyr, Larsen & Toubro, Mitsubishi Electric, Schneider Electric, Sensus, Siemens, Trinity Energy Systems.