Europe Advanced Metering Infrastructure MarketSize and Trends

Advanced metering infrastructure (AMI) is an integrated system that comprises smart meters, software, communication networks, and data management that enables two way communication between customers and utility companies. The main purpose of AMI is to provide real-time data regarding power consumption to the utility companies and enable customers to save cost and energy based on the consumption. The increasing deployment of smart meters in residential sector is expected to drive the Europe advanced metering infrastructure market growth. The market was valued at US$ 5,410.7 million in 2020, and is expected to witness a CAGR of 9.2% during the forecast period (2021 – 2028) and reach US$ 10,825.6 million by 2028.

The rising number of government rules and regulations for implementation of smart meters is expected to drive market growth during the forecast period. Governments across Europe are issuing regulatory norms and legislative directives for installation of smart grids as well as smart meters. For instance, the European Union had replaced traditional electricity meters with advanced infrastructure in 2020, which would create lucrative opportunities for players operating in the advanced metering infrastructure market over the forecast period. Electricity providers are using smart meter data to improve grid operations, integrate distributed energy resources, and provide customer services. Additionally, through smart metering infrastructure, customers are regularly updated regarding their recent usage of electricity, which can help them track and manage their electricity bills.

Figure 2: Europe Advanced Metering Infrastructure Market Value (US$ Mn) Analysis and Forecast and Y-o-Y Growth (%), 2017 - 2028

The Europe advanced metering infrastructure market was valued at US$ 5,410.7 Mn in 2020 and is expected to reach US$ 10,825.6 Mn by 2028 at a CAGR of 9.2% between 2021 and 2028.

Major players operating in the Europe advanced metering infrastructure market include Landis+Gyr, Itron Inc., Siemens AG, General Electric Co., IBM Corporation, Eaton Corporation, Aclara Technologies LLC, Elster Group GmbH, Schneider Electric SE, Gemalto, Cisco Systems, Inc., EDMI Limited, Diehl Stiftung & Co. KG, Apator SA, Flonidan A/S, and Sensirion AG.

Europe Advanced Metering Infrastructure Market Report Snapshots