AMI Electric Meter Market Analysis

AMI Electric Meter Market Analysis

To get key market trends

  Download Free Sample

Smart meters across residential establishments have gained a significant momentum through 2032, owing to the introduction of directives and roll out plans toward the replacement of traditional meters. Advanced metering infrastructure help the customers to decrease the energy bills by managing their use more efficiently & facilitating software applications which includes last captured information to restore the data in case of failures. Flourishing investments across the real estate industry along with shifting focus toward the development of smart homes will stimulate the  AMI electric meter market growth.
 

PLC technology offers different means of communication for power-supply systems which utilizes a wide range of power line installations without laying dedicated cables. This technology is easy to implement in the electrical meters making them effective and reliable solution across the industry. With the introduction of new advanced technology including OFDM (Orthogonal Frequency Division Multiplex), the smart metering applications communication speed will increase dramatically. Furthermore, in the current scenario PLC technologies offer a throughput of 2 to 5kbps in turn inclining customer toward the technological adoption.
 

Rapid urbanization coupled with favourable government reforms to digitize the small-scale industries across the developing nations will stimulate the single-phase meters. Integration of reliable energy networks that adhere to the regulatory scenarios including incentives and FiT’s will positively encourage the AMI electric meter market size. For instance, in 2020, the Government of India introduced ambitious plans to replace the conventional meters with smart pre-paid systems by 2022. This plan is included under Atal Distribution System Improvement Yojana, offering replacement of 250 million existing meters.
 

Asia Pacific AMI electric meter market size is anticipated to reach USD 30 billion by 2032. The region is gaining a significant pace toward the deployment of smart electric meters. Large-scale rollouts have begun recently in Japan and South Korea while China leads the region with ongoing retrofit plans to replace conventional electric meters. China is planning to invest heavily in the nation’s energy infrastructure to match up with the existing energy demand. The introduction of various smart city projects across the region will provide potential growth opportunities for the industry. The shifting trend toward the digital economy and information society is one of the prime factors responsible for business growth.