Advanced Metering Infrastructure Market Size, Share, Trends, Growth 2032

Advanced Metering Infrastructure Market Insights

According to a report from Zion Market Research, the global Advanced Metering Infrastructure Market was valued at USD 16.93 Billion in 2023 and is projected to hit USD 54.00 Billion by 2032, with a compound annual growth rate (CAGR) of 12.3% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Advanced Metering Infrastructure industry over the next decade.

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Advanced Metering Infrastructure Market: Overview

The advanced metering infrastructure system also referred to as a smart metering infrastructure system comprises of digital electricity meters and communication networks facilitating 2-way communication between utilities and end-users.

Moreover, advanced metering infrastructure is only possible if smart meters are used in smart grids. Moreover, the advent of smart grid technologies has facilitated prompt response to outages and renewable energy generation along with enhancing the efficiency of the power distribution. On the other hand, smart grid technology can create daunting challenges for the utilities or power suppliers, systems & equipment providers, and policy makers. However, an advanced metering infrastructure can help the latter in overcoming these challenges. Apparently, with advanced metering being one of the key applications of the smart grid, it is projected to inflate the growth of the smart grid market over the coming years.

Advanced Metering Infrastructure Market: Growth Factors

Escalating the need for abating manual meter reading & meter reading device usage is expected to encourage the demand for advanced metering over the coming years. This is likely to transform into huge growth opportunities for the advanced metering infrastructure industry over the years to come. Furthermore, the large-scale acceptance of advanced metering infrastructure has created a new opportunity for the utility sector to add intelligence to the grid.

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In addition to this, the potential of the global framework for addressing GHG emissions, the presence of ample funds for constructing robust power infrastructure, and growing renewable energy trends is likely to provide an impetus for the smart grid ventures. This, in turn, will also drive the growth of the advanced metering infrastructure industry over the forecast period.

Reportedly, an advanced metering infrastructure business was predicted to save nearly USD 9 billion for the U.S. economy by 2019. In addition to this, advanced metering provides direct information to utilities, thereby assisting the utility sector in comprehending not only the site of outages but also the outage proportion. This has helped the utilities restore power and continue selling of power quickly.

Moreover, advanced metering through its distant reconnection & disconnection abilities is likely to inflate revenue of the utilities through theft minimization and strict enforcement of disconnection policies. This is predicted to help the advanced metering infrastructure market growth gain momentum over the years ahead.  

Advanced Metering Infrastructure Market: Segmentation

The Advanced Metering Infrastructure (AMI) Market is segmented based on several key factors that reflect its broad applications and components.

By component, the market includes smart meters, communication modules, meter data management systems (MDMS), and AMI software, with smart meters being a primary component driving the system's functionality.

By service, the market is divided into consulting, deployment, and system integration services, highlighting the various stages involved in implementing AMI solutions.

By technology, the market can be segmented into wired and wireless communication technologies, with wireless systems like RF, cellular, and Wi-Fi gaining traction due to their flexibility and scalability.

By end-user, the segmentation encompasses residential, commercial, and industrial sectors, where AMI is used to monitor and manage energy consumption more effectively.

By region, the market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with North America leading due to early adoption and government initiatives supporting smart grid technology. This segmentation illustrates the diverse applications and components that make AMI a critical element in modern energy management systems.

Advanced Metering Infrastructure Market: Report Scope

Advanced Metering Infrastructure Market: Regional Insights

North America To Dominate Global Advanced Metering Infrastructure Market By 2025

The growth of the regional market over the forecast period is owing to the advanced metering infrastructure providers in the countries like the U.S. offering operational benefits via enhanced meter functions, effective controls, and improved visibility in the grid conditions. Furthermore, grid applications are predicted to favorably leverage the growth of the advanced metering infrastructure market in North America over the forecast timespan.

Advanced Metering Infrastructure Market: Competitive Space

The key players likely to impact the growth of the advanced metering infrastructure market include

• General Electric
• IBM Corporation
• Schneider Electric SE
• Trilliant, Inc.
• Cisco Systems, Inc.
• Elster Group GmbH
• Aclara Technologies LLC
• Itron, Inc.
• Sensus
• Tieto Corporation.
• Among Others

The global advanced metering infrastructure market is segmented as follows:

By Service

• Meter deployment

• System integration

• Program management and consulting

By Device

• Smart water meters

• Smart gas meters

• Smart electric meters

By Solution

• Meter data analytics

• Meter data management

• Meter communication infrastructure

• Advanced Metering Infrastructure security

By Region

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa