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AMI Electric Meter Market Trends

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

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AMI Electric Meter Market Trends

The regulatory push for smart grid infrastructure development, aligned with the growing renewable energy industry across regions, is positively influencing the market landscape. Grid infrastructure and limited funding have constrained growth potential, the increasing number of local meter manufacturers and government mandates for rollouts have reshaped industry dynamics.

The ongoing expansion and increasing share of renewables in both centralized and decentralized grid infrastructures necessitate an effective approach to grid management. For instance, In May 2024, RMEC has announced plans to roll out an Advanced Metering Infrastructure (AMI) system over the next ten months, marking a significant step forward in smart energy management. This initiative aims to enhance energy efficiency, improve billing accuracy, and empower customers with real-time data on their energy usage. The deployment of AMI will integrate cutting-edge metering technology, enabling remote monitoring.

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.