AMI Meter Market Size

AMI Meter Market Size

The global AMI meters market was valued at USD 28.8 billion in 2024 and is estimated to grow at a CAGR 13.1% from 2025 to 2034, due to the global push for energy efficiency, smart grid modernization, and enhanced utility management. Rising investments in smart grids, driven by government policies and regulatory frameworks focused on energy conservation, are key growth drivers. AMI meters enable real-time data collection, two-way communication, and remote monitoring, which enhances billing accuracy and helps in demand-side management.

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Utilities are increasingly adopting AMI meters to optimize energy distribution, reduce operational costs, and improve customer engagement. The integration of IoT, AI, and data analytics is further propelling the market, offering enhanced predictive maintenance and load forecasting capabilities. Moreover, the growing need to meet carbon reduction targets and manage renewable energy integration is expanding the market's scope. The Asia Pacific and North America regions are leading, driven by urbanization, infrastructure development, and supportive policies.