Home > Energy & Power > Electrical Equipment > Meters > Europe AMI Electric Meter Market

Europe AMI Electric Meter Market Size

Report ID: GMI6640
Published Date: Sep 2023
Report Format: PDF

Download Free Sample

Europe AMI Electric Meter Market Size

Europe AMI Electric Meter Market size was valued at USD 3 billion in 2022 and is set to grow at a 4.7% CAGR between 2023 and 2032. The deployment of AMI electric meters has brought significant advancements to the utility industry over the course of time. key advantages is the ability to remotely collect data, eliminating the need for manual meter readings and reducing operational costs for utility companies. This real-time data enables more accurate billing, quicker response to outages or power quality issues, and improved customer service.

To get key market trends

Download Free Sample

AMI meters offer greater transparency into their electricity usage, encouraging energy conservation and efficiency in terms of consumers perspective. This aligns with the global trend toward sustainability and reduced carbon emissions. In addition, AMI meters facilitate time-of-use pricing and demand response programs, allowing consumers to make informed decisions about their energy consumption based on pricing fluctuations throughout the day.

Europe AMI Electric Meter Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe AMI Electric Meter Market Size in 2023:	USD 2.6 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	3.7%
2032 Value Projection:	USD 3.8 Billion
Historical Data for:	2019 to 2023
No. of Pages:	260
Tables, Charts & Figures:	309
Segments covered:	Application, Technology, Phase, and Country
Growth Drivers:	Renewable energy integration to smart grid infrastructure Effective monitoring & control of energy consumption Rising demand for CO2 EOR techniques
Pitfalls & Challenges:	End-user resistance

Learn more about the key segments shaping this market

Download Free Sample

The adoption of AMI electric meters represents a significant step forward in modernizing the electrical grid and improving the efficiency, reliability, and sustainability of electricity distribution. It also opens up new avenues for innovation and data-driven services in the energy sector. In terms of business perceptive, create opportunities for data analytics, offering valuable insights into consumer behavior and grid performance. This data can be leveraged for optimizing grid operations, planning for capacity upgrades, and enhancing overall system reliability.

The integration of smart grid technologies with AMI meters is enabling two-way communication between utilities and consumers, fostering grid reliability and resilience. Moreover, the growth of IoT (Internet of Things) has allowed for more sophisticated and secure data transmission and analytics, enhancing the overall performance of AMI meters.

Authors: Ankit Gupta, Shashank Sisodia

Frequently Asked Questions (FAQ) :

The market size of AMI electric meter in Europe reached USD 2.6 billion in 2023 and is poised to observe over 3.7% CAGR from 2024 to 2032, due to the rising need for remotely collecting data, eliminating manual meter readings and reducing operational costs for utility companies.

Europe AMI electric meter market size from the PLC technology segment is set to record 4.7% CAGR from 2023 to 2032, driven by the maturation of several technologies including General Packet Radio Service (GPRS).

France AMI electric meter industry size is slated to witness over 3.8% CAGR through 2032, driven by the presence of ambitious smart grid initiatives, primarily aiming to implement second-generation advanced metering infrastructure.

Itron Inc., Kamstrup, Siemens, Honeywell International Inc., ZIV, Sensus, Ciructor, Apator SA, Landis+Gyr AG, Schneider Electric, General Electric, L&T Limited, S&T AG, Jabil Inc., Cisco Systems, Inc., Mitsubishi Electric Corporation.