AMI Gas Meter Market Analysis

AMI Gas Meter Market Analysis

The requirement of smart gas meters is increasing at a significant pace on account of the introduction of favorable government incentives & mandates. Governments of several countries have adopted initiatives toward smart gas meter implementation for comprehensive energy conservation as well as effective monitoring. The introduction of various metering programs with an aim to improve billing has further inclined the utilities to achieve the set targets within the time limits. The nationwide directives & rollouts continue to remain one of the most important growth factor in the AMI gas meter market landscape in European nations, particularly in Italy, France, the UK, and the Netherlands.
 

Favorable government policies pertaining to environmental sustainability along with energy conservation led to the development of intelligent metering programs. For instance, according to the EU Directive for gas companies for the installation of smart metering under efforts to improve consumer energy efficiency and to optimize the management of gas pipeline networks.
 

Furthermore, the EU Member States aim to ensure the implementation of smart metering systems to improve the accuracy & frequency of meter reading and billing while providing customers a better access to consumption data. Additionally, the ongoing investments for smart meter rollout projects from both public & and private sectors will augment the AMI gas meter market statistics.
 

The residential application of AMI gas meter was valued at over USD 800 million by 2022 and is set to register over 27% CAGR between 2023 and 2032. Ongoing urbanization, increase in population index and ongoing migrations has propelled the demand for sustainable energy. The monitoring and control of energy has been a challenge for major industry suppliers.
 

Thus, to effectively monitor and optimize the consumption pattern has encouraged the product demand. In addition, the ongoing cost competitiveness of technology along with the respective government authorities have continued to stimulate the AMI gas meter market outlook in the recent years. Hence, introduction of advanced metering units has replaced the analog meters in developed regions.
 

Increasing focus toward the utilization of data-driven technologies along with the reduced cost of IoT-based applications will encourage product implementation in commercial establishments. The continuous replacement of conventional gas meters with smart solutions will augment the demand for sustainable gas infrastructure. Hence, growing requirements of software-enabled technologies to real-time data collection in large commercial buildings and the ability of effective power utilization and generation of hourly wise meter reading are driving the industry expansion. Furthermore, the wide applicability of these units in the integration of GIS & mapping platforms, followed by a secure web-based payment mechanism will complement product adoption.
 

Europe AMI gas meter market is poised to attain 22% gains between 2023 and 2032. In the recent years, some of the major utilities in the European countries including Italy, France, the UK, and the Netherlands have focused on the implementation of smart grid schemes to deploy advanced metering infrastructure. The transition toward a digital gas infrastructure has led to the product usage to balance the overall energy supply and create an efficient communication platform for the existing & future smart metering technologies. The liberalization of energy markets and the evolution of regulatory frameworks in the EU are dynamically supporting the competitive smart metering industry in the region.
 

Asia Pacific gas meter industry witnessed an annual installation of over 2.5 million units in 2022. The business will witness growth on account of the proactive espousal of advanced solutions for streamlined operations together with ongoing investments across the private sector to develop smart metering solutions. Efficient monitoring and control along with reliable leakage detection will encourage the use of AMI units in the region. Robust investments to ensure financial & environmental sustainability as well as ongoing projects of city gas distribution in line with the robust development of natural gas pipeline infrastructures are some of the key parameters for market development.