AMI Meters Market Size - By Product (Electric, Water, Gas), By Application (Residential, Commercial, Utility) & Global Forecast, 2024 – 2032

Advanced Metering Infrastructure (AMI) Meters Market Size

AMI Meters Market size was valued at USD 24.1 billion in 2023 and is projected to grow at a CAGR of 13.1% between 2024 and 2032. Various countries across the globe have been deploying AMI meters on a large scale to replace traditional analog meters. This trend is driven by factors such as energy efficiency goals, demand response programs, and the need for accurate billing. AMI meters enable consumers to monitor their energy consumption in real-time, allowing them to make informed decisions about energy usage. This data can help identify energy-intensive appliances and promote energy-saving behaviors, leading to reduced energy consumption and lower utility bills.
 

AMI stands for Advanced Metering Infrastructure. It refers to a system of smart meters, communication networks, and data management systems that enable two-way communication between utilities and consumers. AMI meters facilitate demand response programs, which allow utilities to manage electricity demand during peak periods. By providing real-time data on energy consumption, utilities can incentivize consumers to reduce their usage during peak times, thus reducing strain on the grid and avoiding the need for costly infrastructure upgrades.

AMI meters eliminate the need for manual meter reading, ensuring accurate and timely billing based on actual usage. They also enable utilities to implement time-of-use pricing, where electricity rates vary based on the time of day. This pricing structure encourages consumers to shift their energy usage to off-peak hours, further optimizing grid operations. AMI meters facilitate early detection and remote notification of power outages, enabling utilities to respond quickly and efficiently. This improves grid reliability and reduces downtime for consumers.
 

As the share of renewable energy sources including solar and wind power increases, AMI meters play a crucial role in integrating these intermittent sources into the grid. They enable real-time data monitoring for energy generation and consumption, allowing better management of distributed energy resources. With the vast amount of data generated by AMI meters, utilities can employ advanced analytics to gain insights into energy usage patterns, load forecasting, and system optimization. This data-driven approach helps utilities make informed decisions and improve overall grid performance.
 

COVID-19 Impact

The global supply chain disruptions caused by the pandemic have affected the manufacturing and distribution of AMI meters. Delays in production, transportation, and installation of meters have slowed down deployment schedules in some regions. The economic downturn caused by the pandemic has created financial challenges for utilities and consumers alike. Some utilities may delay or scale back their AMI meter deployment plans due to budget constraints, impacting the overall AMI meters market growth.
 

The pandemic has posed operational challenges for utilities, including restrictions on field operations and meter installations. These challenges have resulted in delays in meter deployments and installations. However, with increased time spent at home during lockdowns and remote work arrangements, consumers have become more conscious of their energy usage. AMI meters, by providing real-time energy data, have helped consumers monitor and manage their energy consumption more effectively, leading to increased interest in energy efficiency measures.
 

Advanced Metering Infrastructure (AMI) Meters Market Trends

The adoption and deployment of AMI meters were growing across various regions globally. Utilities were transitioning from traditional analog meters to AMI meters, driven by the need for more accurate billing, improved grid management, and enhanced customer engagement. Many governments and regulatory bodies have shown support for AMI meter deployments. Regulatory mandates, incentives, and energy efficiency goals have encouraged utilities to invest in AMI technology, fostering AMI meters market growth. AMI meters play a crucial role in promoting energy efficiency. By providing real-time data on energy consumption, they enable consumers to monitor and adjust their usage, leading to energy savings.
 

Utilities can also implement demand response programs to manage peak demand more effectively. The increasing adoption of renewable energy sources requires better integration into the grid. AMI meters facilitate the monitoring and management of distributed energy resources, helping utilities incorporate renewable energy into the grid infrastructure more effectively. Utilities are investing in grid modernization initiatives, and AMI meters are a significant component of these efforts. AMI meters enable utilities to monitor grid performance, detect outages, and optimize load management, contributing to improved grid reliability and efficiency.
 

Advanced Metering Infrastructure (AMI) Meters Market Analysis

The AMI meters market from electric meters segment held over USD 17 billion revenue in 2022. Governments worldwide are increasingly prioritizing the enhancement of their energy mix to meet the growing demand for energy. This shift has led to the adoption of various sustainable systems, including smart meters. As energy supply systems undergo fundamental restructuring, integration challenges arise, such as flow inaccuracy, overutilization, and load mismatch. However, the deployment of smart meters offers a solution to mitigate these issues by establishing a secure communication network.
 

By bridging the communication gap between consumers and utilities, smart meters facilitate the exchange of real-time consumption information, enabling better load management and demand response programs. With the expansion of renewable energy sources and increase in their share in both centralized and decentralized grid infrastructure, there is a growing demand for an effective approach to grid management. While existing grid systems in major countries already have some smart functionality as they are primarily used for balancing supply and demand.
 

However, there is an opportunity to leverage the full potential of these networks by incorporating information and communication technology across all aspects of electricity generation, consumption, and delivery. By doing so, the grid can minimize environmental impacts and costs while improving overall efficiency, which is set to further supplement the product demand in the coming years.
 

The AMI meters market from utility segment is anticipated to register at a CAGR of 16% through 2032. Utility companies were increasingly adopting AMI meters as part of their grid modernization efforts. This trend was driven by the desire to improve operational efficiency, enhance customer service, and support various energy management initiatives. The vast amount of data generated by AMI meters presents opportunities for utilities to leverage advanced data analytics and management systems.
 

By analyzing this data, utilities can gain insights into consumption patterns, load forecasting, and system optimization, leading to improved operational efficiency. Some utilities have explored the concept of AMI as a service, where third-party vendors provide the infrastructure, deployment, and management of AMI meters. This approach can help utilities minimize upfront costs and operational complexities. AMI meters enable utilities to provide customers with detailed information about their energy usage in near real-time. This empowers customers to make informed decisions about energy consumption, leading to increased customer engagement and satisfaction.
 

The Asia Pacific AMI meters market accounted for 60% revenue share in 2022. The Asia Pacific region is experiencing rapid urbanization and industrialization, leading to an increased demand for electricity. This growth has driven the adoption of AMI meters as utilities seek to modernize their grids and improve energy management. Several countries including China, Japan, South Korea, and India have introduced policies and initiatives to promote the deployment of smart meters and AMI infrastructure. These measures aim to enhance energy efficiency, reduce carbon emissions, and improve grid reliability. Several countries across the region have undertaken large-scale AMI meter deployments.
 

For instance, China has been leading in the deployment of smart meters, with ambitious plans to install millions of AMI meters across the country. India has also launched substantial smart metering projects, aiming to replace traditional meters with AMI meters in various states. Furthermore, the region has seen a growing emphasis on demand response programs, which use AMI meters to enable utilities to manage peak demand and balance the grid. These programs incentivize consumers to adjust their energy usage during peak periods, contributing to grid stability and reducing strain on the system.
 

Advanced Metering Infrastructure (AMI) Meters Market Share

Some of the key companies operating across the AMI meters market are

• General Electric
• Diehl Stiftung & Co. KG
• Siemens
• Badger Meter, Inc.
• Landis+Gyr
• Honeywell International Inc.
• Kamstrup
• Itron Inc.
• Sontex SA
• Osaki Electric Co., Ltd.
• Schneider Electric
• Apator SA
• Aclara Technologies LLC
• ZIV

Major manufacturers across Asia Pacific  the U.S. the Middle East & Africa are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.

AMI Meters Industry News:

• In November 2021, Sensus delivered its Sonix IQ gas meter along with the FlexNet communication infrastructure to enable remote management of the gas distribution system in Tennessee. This solution provides innovative capabilities for sensing pressure and includes automatic shutoff features to enhance safety measures. The product offers utilities smart and responsive safety features, allowing for efficient remote monitoring. Moreover, the solution is designed with scalability in mind, enabling utilities to expand and adapt the system as needed.
   
• In November 2021, Itron announced the launch of Smart Pay, which is a Software as a Service (SaaS) delivery program model, in North America. This software is specifically designed for the utility sector, aiming to manage and empower customers by providing convenient payment options for their energy consumption through flexible billing and payment solutions. The introduction of Smart Pay is expected to enhance utility debt recovery efficiency while also increasing consumer engagement. Additionally, the software aims to streamline the utility bill calculation process, ultimately resulting in reduced utility bills for consumers in the region.
   
• In April 2021, SMA Solar Technology AG has completed the supply of Sunny Highpower PEAK1 solar inverters to solar energy producer, GreenYellow Thailand for the SPM floating solar project This will support green solar energy generation up to 2.73 GWh of along with CO2 emission reduction of 1,380 tons per year. The power produced from this floating solar plant will be totally self-consumed by the factory. Moreover, this project will aid the customer shift up to 25% of the plant’s electricity utilization from conventional sources.
   

This advanced metering infrastructure (AMI) meters market research report includes an in-depth coverage of the industry with estimates & forecast in terms of volume & revenue in ‘000 Units & USD Million from 2019 to 2032, for the following segments:

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Market, By Product

• Electric
• Water
• Gas

Market, By Application

• Residential
• Commercial
• Utility

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • Sweden
  • Russia
  • Italy
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia 
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Kuwait
  • South Africa
  • Egypt
• Latin America
  • Brazil
  • Argentina
  • Chile
  • Mexico