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AMI Meters Market Trends

Report ID: GMI6176
Published Date: Jul 2023
Report Format: PDF

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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.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of AMI meters was reached USD 24.1 billion in 2023 and is poised to exhibit substantial growth at 13.1% CAGR from 2024 to 2032, driven by the large-scale deployment to replace traditional analog meters worldwide.

Electric AMI meters market generated more than USD 17 billion in 2022 and is estimated to witness high demand through 2032, led by the increasing efforts to prioritize the enhancement of energy mix to meet the growing demand for energy.

Asia Pacific held over 60% share of the global industry in 2022 and is projected to expand at notable pace through 2032, owing to the growing need to address the increasing electricity demand driven by rapid urbanization and industrialization.

Some of the top AMI meter companies 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, and ZIV.