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Asia Pacific AMI Meters Market Trends

Report ID: GMI9439
Published Date: May 2024
Report Format: PDF

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Asia Pacific AMI Meters Market Trends

In the Asia Pacific region, the Advanced Metering Infrastructure (AMI) meters market is witnessing notable trends characterized by robust growth and technological advancements. Key drivers propelling this market include stringent energy efficiency regulations, burgeoning demand for demand response solutions, and the imperative for precise billing mechanisms. Furthermore, the transition from traditional meters to advanced metering infrastructure is driven by the elimination of traditional manual meter reading to ensure accurate and timely billing based on actual usage. This transition also facilitates the implementation of dynamic pricing models, such as time-of-use pricing, which optimize electricity consumption patterns by varying tariffs based on the time of day.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The Asia Pacific AMI Meters Market was valued at USD 15.9 billion in 2023 and will exhibit a 9.8% CAGR from 2024 to 2032, attributed to rapid urbanization and industrialization, rising awareness of energy conservation, and environmental concerns.

The utility scale application segment will garner more than 8.1% CAGR by 2032, owing to the increasing deployment of advanced metering infrastructure by utility companies to enhance operational efficiency and customer service.

China AMI Meters industry will register USD 31 billion by 2032, fueled by China's ambitious smart grid initiatives and extensive deployment of advanced metering infrastructure across its vast utility landscape.

Prominent players operating in Asia Pacific AMI meters market are Aclara Technologies LLC, Apator SA, Badger Meter, Inc., Diehl Stiftung & Co. KG, General Electric, Honeywell International Inc., Kamstrup, Landis+Gyr, Osaki Electric Co., Ltd., Schneider Electric, Siemens, Sontex SA, and ZIV, among others.