AMI Gas Meter Market Size

AMI Gas Meter Market Size

AMI Gas Meter Market size surpassed USD 1.3 billion in 2023 and is anticipated to grow at CAGR of 20.6% from 2024 to 2032. Rising concerns pertaining to energy conservation have compelled utilities to adopt advanced metering systems for efficient and sustainable gas management. Government initiatives to promote smart metering systems coupled with the introduction of various schemes & programs on energy conservation have inclined utilities to deploy these systems across the existing pipeline network

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Growing investments in city gas distribution projects in line with a paradigm shift toward the adoption of intelligent systems are some of the parameters which are roadmaps for the industry growth. Consumers are inclined toward the advanced metering espousal owing to the ability of these units to obtain real-time consumption information and to provide a secure communication network. Continuous demand for effective monitoring, measurement & utilization of resources will propel the large-scale deployment of these units in the coming years. Moreover, the ongoing government measures to conserve energy followed by upgrades & replacement of conventional meters have induced major investment from public and private players.