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Europe AMI Electric Meter Market Trends

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

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Europe AMI Electric Meter Market Trends

The Europe AMI electric meter market is experiencing growth driven by sustainability goals, technological advancements, regulatory changes, interoperability, and cybersecurity considerations. These trends are shaping the future of energy management and grid optimization, making AMI meters a critical component of modern utility infrastructure. The increasing emphasis on energy efficiency and sustainability has driven the widespread adoption of AMI meters. Consumers and utility companies are leveraging real-time data from these meters to better manage electricity consumption, reduce waste, and lower carbon footprints.

Regulatory changes and government initiatives are propelling market expansion. Many regions are mandating the deployment of AMI meters to improve grid management and optimize energy distribution. Such regulations are driving significant investments in AMI infrastructure across the Europe region. Moreover, the market is witnessing a shift toward interoperability and open standards, ensuring compatibility between different vendors' products. This trend is fostering healthy competition and innovation within the Europe AMI electric meter market.

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.