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Europe AMI Gas Meter Market Size

Report ID: GMI9682
Published Date: May 2024
Report Format: PDF

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Europe AMI Gas Meter Market Size

Europe AMI Gas Meter Market size was valued at USD 744.1 million in 2023 and is projected to grow at a CAGR of 11.1% between 2024 and 2032. Increasing government regulations and initiatives promoting energy efficiency and smart grid technology adoption play a crucial role.

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At the end of 2022, the European Commission introduced the EU action plan “Digitalisation of the Energy System.” The Commission anticipates an investment of over USD 633 billion across the European electricity grid by 2030, with USD 184 billion allocated for digitalisation initiatives. These initiatives include smart meters, automated grid management, and digital technologies aimed at enhancing metering and field operations.

Europe AMI Gas Meter Market Report Attributes
Report Attribute	Details
Base Year:	2023
Europe AMI Gas Meter Market Size in 2023:	USD 744.1 Million
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	11.1%
2032 Value Projection:	USD 1.96 Billion
Historical Data for:	2021 - 2023
No. of Pages:	60
Tables, Charts & Figures:	10
Segments covered:	Application
Growth Drivers:	Favorable government regulations and directives Energy conservation Accuracy & optimization in billings Effective monitoring and enhanced operational efficiency
Pitfalls & Challenges:	Privacy and cyber security concerns

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The push for improved energy management, real-time monitoring, and accurate billing drives demand for advanced metering solutions. Additionally, the rising need for reducing energy consumption and enhancing operational efficiency among utility providers boosts market growth. Technological advancements and integration of IoT in metering infrastructure further accelerate the adoption of AMI gas meters across Europe.

Authors: Ankit Gupta, Vishal Saini

Frequently Asked Questions (FAQ) :

The market size for AMI gas meter in Europe reached USD 744.1 million in 2023 and will witness 11.1% CAGR during 2024 to 2032, owing to increasing government regulations and initiatives promoting energy efficiency.

The residential sector segment will expand at over 10% CAGR during 2024-2032, propelled by increasing consumer demand for smart home technologies and energy efficiency.

Germany market size is poised to cross USD 860 million by 2032, driven by the country’s strong commitment to energy efficiency.

Aclara Technologies LLC, Azbil Kimmon Co., Ltd., Apator SA, AEM, Chint Group, EDMI Limited, Honeywell International, Inc, Itron, Inc, Landis+Gyr among others.