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AMI Meter Market Trends

Report ID: GMI6176
Published Date: Dec 2024
Report Format: PDF

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AMI Meter Market Trends

One of the most significant trends in the AMI meters industry is their integration with smart grids. Smart grids enable two-way communication between utilities and consumers, allowing for real-time data collection, automated billing, and the ability to manage energy consumption more effectively. This trend is expected to accelerate as utilities modernize infrastructure to improve efficiency and reduce operational costs. AMI meters, being a vital component of smart grids, facilitate advanced features such as remote monitoring, outage detection, and demand-side management.

The Internet of Things (IoT) and Artificial Intelligence (AI) are playing a crucial role in transforming AMI systems. IoT enables the collection and transmission of real-time data from smart meters to centralized databases. AI and machine learning algorithms analyze this data, providing utilities with insights into consumption patterns, predictive maintenance, and load forecasting. This helps in optimizing energy distribution, improving operational efficiency, and reducing the likelihood of outages.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for AMI meters was reached USD 28.8 billion in 2024 and is projected to grow at a 13.1% CAGR from 2025 to 2034, driven by the global push for energy efficiency and smart grid modernization.

The electric meter segment is expected to surpass USD 40.3 billion by 2034, as these meters enable real-time electricity consumption tracking, helping consumers reduce energy waste and optimize usage.

The residential segment is anticipated to achieve a CAGR of over 12.7% through 2034, supported by government policies encouraging smart water meter adoption to enhance water usage efficiency.

The U.S. AMI meters market is set to reach USD 10.7 billion by 2034, fueled by increased demand for smart water meters in residential areas to support water conservation and resource management initiatives.

Key players in the AMI meters market include Aclara Technologies, Apator, Arad Group, Badger Meter, BMETERS, Diehl Stiftung, Honeywell International, Itron, Kamstrup, Landis+Gyr, Neptune Technology Group, Ningbo Water Meter, Schneider Electric, Sensus, Siemens, Sontex, and Zenner International.