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The global advanced metering infrastructure market attained a value of over USD 13.43 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 14.2% to reach a value of more than USD 44.29 billion by 2032.
Base Year
Historical Year
Forecast Year
Global Advanced Metering Infrastructure Market Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | 13.43 |
Market Size 2032 | USD Billion | 44.29 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 14.2% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 16.4% |
CAGR 2024-2032 - Market by Country | India | 18.8% |
CAGR 2024-2032 - Market by Country | China | 15.7% |
CAGR 2024-2032 - Market by Type | Smart Meters | 15.6% |
CAGR 2024-2032 - Market by End Use | Residential | 15.9% |
Market Share by Country 2023 | Germany | 4.6% |
The introduction of disruptive technologies such as IoT and linked devices has expanded the scope of the advanced metering infrastructure industry. Innovative techniques to control and anticipate energy use have emerged as a result of the proliferation of linked devices such as home gateways, smart meters, and smart plugs. The increasing convergence of IoT and smart grid is expected to create significant potential for the growth of the advanced metering infrastructure market. With the integration of AMI technologies into the current system, there has been major improvements in smart grid optimisation. In addition, the grid modernisation projects, increased demand for energy saving, and the execution of regulatory obligations are all likely to have a positive influence on the market. Over the projected period, the advanced metering infrastructure industry is predicted to develop significantly.
It also increases client engagement activities through two-way communication and facilitates non-technical loss identification and operational cost reduction. Additionally, leveraging two-way radio frequency (RF) networks with high-quality services is expected to provide a boost to green technology, which is estimated to further lead to rise in the market for advanced metering infrastructure.
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The increasing emphasis on resource conservation is leading to the implementation of stringent government regulations governing the use of water, electricity, and gas. In addition, the improvements in metering technology are expected to bolster the adoption rate of advanced metering infrastructure over the time period.
The necessity to reduce manual meter reading and meter reading equipment usage is a major factor affecting the demand of advanced metering infrastructure market. Furthermore, the widespread use of advanced metering infrastructure, owing to its various benefits for customers and utilities is expected to support the growth of the industry.
Genus Power Infrastructures Ltd announced that its subsidiary has obtained letters of award for smart meter projects worth Rs 4,469.04 crore. The subsidiary has secured three Letters of Award (LOA) amounting to Rs 4,469.04 crore (net of taxes) for the role of Advanced Metering Infrastructure Service Providers, which can affect the advanced metering infrastructure market dynamics and trends. This includes the design of an advanced metering infrastructure (AMI) system, along with the supply, installation, and commissioning of approximately 5.59 million smart prepaid meters, system meters, and distribution transformer meters, along with the associated energy accounting, all structured on a Design-Build Finance-Own-Operate-Transfer basis.
Rising Adoption of Smart Metering Solutions.
In 2024, North America leads global smart electricity meter adoption with a 77% adoption rate. As per the advanced metering infrastructure industry analysis, this dominance indicates a mature market with widespread integration of Advanced Metering Infrastructure (AMI), driven by strong regulatory frameworks and the push for smart grid modernisation. Asia-Pacific (APAC) follows with a 49% adoption rate, reflecting the region's rapid urbanization and increasing investments in smart city initiatives.
The growth in APAC suggests a significant expansion opportunity for AMI providers, especially in emerging economies where electricity demand is rising, which can contribute to the growth of the advanced metering infrastructure industry. Europe, with a 47% adoption rate, lags slightly behind APAC. This indicates a more gradual adoption pace, possibly due to varying regulations across the continent and differing levels of infrastructure readiness. However, Europe's focus on sustainability and energy efficiency could accelerate AMI deployment in the coming years.
Moreover, Fort Worth Water's adoption of Advanced Metering Infrastructure (AMI) has resulted in a significant 90% decrease in field investigations, alongside cost savings exceeding USD 1 million, facilitated by Xylem technology. The utility has achieved near real-time data collection and secure transmission through the installation of nearly 300,000 residential and commercial meters that are compatible with Xylem’s Sensus FlexNet® communication network, which can boost the advanced metering infrastructure industry revenue. As one of the USA’s fastest growing cities, Fort Worth welcomed over 21,000 new residents in 2023, as reported by the Fort Worth Report. With the population approaching 1 million, the AMI system implemented by Fort Worth Water is essential for effectively managing the rising demand.
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Advanced metering infrastructure (AMI) is a system of equipment that enables automatic, two-way communication between a smart utility meter with an IP address and a utility company. An AMI's objective is to give utility providers with real-time data on power consumption and to enable consumers to make educated decisions about energy usage based on the price at the time of use.
The major types of advanced metering infrastructure are:
The market can be broadly categorised, on the basis of end use, into:
The EMR report looks into the regional markets of advanced metering infrastructure such as:
The demand for advanced metering infrastructure (AMI) in residential sector is expected to grow at a CAGR of 15.9% in the forecast period, increasing advanced metering infrastructure market opportunities. AMI includes smart meters that provide real-time data on electricity usage. Households can track and adjust their energy use, helping them save on utility bills and reduce environmental impact.
With AMI, utility companies can monitor energy usage remotely, detect outages faster, and manage demand more efficiently. This technology minimises the need for manual meter reading, which is a big plus for both utility providers and residents.
The report presents a detailed analysis of the following key players in the global advanced metering infrastructure market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
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North America accounts for a significant advanced metering infrastructure market share with substantial investments in smart grid technologies. The US market is expected to grow at a CAGR of 12.7% in the forecast period. The U.S. and Canada have implemented numerous AMI projects to enhance energy efficiency and grid reliability. For instance, the U.S. has seen a steady increase in smart meter installations, contributing to improved energy management.
CAGR 2024-2032 - Market by | Country |
India | 18.8% |
China | 15.7% |
UK | 13.0% |
USA | 12.7% |
Australia | 11.1% |
Canada | XX% |
Germany | XX% |
France | XX% |
Italy | 10.0% |
Japan | XX% |
Saudi Arabia | XX% |
Brazil | XX% |
Mexico | XX% |
European countries are actively deploying AMI systems as part of broader smart grid initiatives. The market in countries such as the UK and Italy is expected to grow at a CAGR of 13.0% and 10.0% between 2024 and 2032. The European Union aimed to replace 80% of traditional electricity meters with smart meters by 2021.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the advanced metering infrastructure market attained a value of more than USD 13.43 billion.
The market is estimated to grow at a CAGR of around 14.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of over USD 44.29 billion by 2032.
The major drivers of the market include the rising application of the product in water conservation projects, favourable government laws aimed towards conserving natural resources, and the thriving building and construction sector.
The growing research and development activities by the key market players to provide improved metering solutions are expected to be the key trend guiding the growth of the industry.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Smart meters, meter communication infrastructure, data management, and services are the different types included in the market report.
Residential, commercial, and industrial are the major end uses of advanced metering infrastructure.
The major players in the industry are Itron Inc., IBM Corporation, Landis+Gyr, Sensus Solutions, and Siemens AG, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by End Use |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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