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AMR Smart Electric Meter Market Share

Report ID: GMI12068
Published Date: Oct 2024
Report Format: PDF

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AMR Smart Electric Meter Market Share

Companies like ABB and Itron hold significant share in the AMR smart electric meter industry, due to their extensive expertise in advanced metering solutions and smart grid technologies. They offer a comprehensive range of innovative products that enhance energy management and efficiency. Their established relationships with utilities, combined with a strong focus on research and development, enable them to deliver cutting-edge solutions that meet evolving market demands.

AMR Smart Electric Meter Market Companies

Major players operating in the AMR smart electric meter industry are:

Advanced Electronics Company
Aclara Technologies
Apator
Cisco Systems
Ciructor
CyanConnode
General Electric
Honeywell International
Iskraemeco Group
Itron
Kamstrup
Larsen & Toubro
Mitsubishi Electric Corporation
Osaki Electric
Schneider Electric
Sensus
Siemens
Trinity Energy Systems

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for AMR smart electric meter was reached USD 1.1 billion in 2023 and is estimated to grow at a 3.5% CAGR from 2024 to 2032, driven by increasing demand for efficient energy management and enhanced consumer engagement.

The application segment is anticipated to surpass USD 807 million by 2032, due to the growing need for efficient energy management and enhanced grid reliability.

The three-phase segment is projected to witness a CAGR of more than 3.3% through 2032, led by its increasing adoption in various industrial and commercial applications.

The U.S. AMR smart electric meter market is predicted to hit USD 126.3 million by 2032, as many utilities are modernizing their metering infrastructure to replace outdated analogue meters with smart meters.

Major players in the AMR smart electric meter industry include Advanced Electronics Company, Aclara Technologies, Apator, Cisco Systems, Ciructor, CyanConnode, General Electric, Honeywell International, Iskraemeco Group, Itron, Kamstrup, Larsen & Toubro, Mitsubishi Electric Corporation, Osaki Electric, Schneider Electric, Sensus, Siemens, and Trinity Energy Systems.