Europe AMI Electric Meter Market Analysis

Europe AMI Electric Meter Market Analysis

The residential AMI electric meter industry is expected to grow at a 4.5% CAGR through 2032. The adoption of smart meters in residential application has experienced a notable surge, primarily driven by the implementation of directives and strategic plans aimed at replacing conventional meters. The thriving investments within the real estate sector, coupled with a growing emphasis on smart home development, are set to catalyze the wider acceptance and integration of smart meter technology in the foreseeable future.
 

The PLC AMI technology across the Europe region is anticipated to witness 4.7% growth rate from 2023 and 203. Energy providers and utilities have incorporated wireless Wide Area Network (WAN) solutions into their grid infrastructure, establishing communication links with concentrators to effectively supervise and manage a multitude of meters throughout Neighborhood-Area Networks (NANs). As a result, utilities are increasingly embracing cellular solutions for establishing point-to-point connections with individual meters. These progressive technologies have evolved into integral components of the burgeoning smart grid infrastructure. Furthermore, power utilities are presented with a dual array of cellular technology options, encompassing both second-generation and third-generation smart metering solutions.
 

The France AMI electric meter industry is predicted to register over 3.8% gains up to 2032. Smart metering is widely recognized as the foundational element underpinning the evolution of future smart grids. In recent years, prominent utilities throughout Europe have directed their attention toward ambitious smart grid initiatives, primarily aiming to implement second-generation advanced metering infrastructure. The liberalization of energy markets coupled with the dynamic evolution of regulatory frameworks within the European Union have provided robust support to the competitive landscape of the smart metering industry across the region.
 

Major manufacturers operating across the Europe AMI Electric Meter market are Itron Inc., Kamstrup, Siemens, Honeywell International Inc., ZIV, Sensus, Ciructor, Apator SA, Landis+Gyr AG, Schneider Electric, General Electric, Larsen & Toubro Limited, S&T AG, Jabil Inc., Cisco Systems, Inc., Mitsubishi Electric Corporation. These participants are reshaping the industry through the integration of company’s technology with the increasing energy needs. This shift is creating new business models and revenue streams within the industry.