Europe AMI Electric Meter Market Size

The Europe AMI electric meters market was valued at USD 2.8 billion in 2024 and is estimated to grow at a CAGR 3.2% from 2025 to 2034, due to the increasing demand for smart grid technologies, energy efficiency, and real-time data analytics. Governments across the region are implementing policies and incentives to promote energy savings, such as the EU’s Clean Energy for All Europeans package, which encourages the deployment of smart meters. These meters enable utilities to monitor energy consumption in real time, optimize grid operations, and improve customer service. The rising adoption of electric vehicles (EVs) and renewable energy sources also contributes to the need for advanced metering solutions.

Additionally, the growing focus on reducing carbon footprints and improving sustainability has prompted utilities to upgrade their infrastructure. The market is further supported by technological advancements in connectivity, such as IoT and wireless communication, which enhance the functionality and efficiency of AMI electric meters. The increased adoption of digital technologies is expected to sustain market growth in the coming years.