EUROPE ADVANCED METERING INFRASTRUCTURE MARKET ANALYSIS

Europe Advanced Metering Infrastructure Market Size and Trends

Europe advanced metering infrastructure market is estimated to be valued at US$ 6.84 Bn in 2024 and is expected to reach US$ 12.65 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.

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The Europe Advanced Metering Infrastructure Market is driven by initiatives for energy conservation and the need for two-way communication between utilities and consumers. With rapid urbanization and increasing demand for energy, advanced metering solutions help utilities better manage supply and demand.

Europe advanced metering infrastructure market trend shows significant growth in demand over the forecast period. Governments across Europe are framing policies to reduce carbon footprint which is positively impacting the adoption of AMI solutions. Deployment of smart meters enables timely collection of energy consumption data, improved customer services and reduced operation costs for utilities.

Market Driver - Increasing demand for energy efficiency and management solutions

With rising energy costs and focus on reducing carbon footprint, there is increasing demand from both commercial and residential sectors to better manage their energy consumption. Smart metering solutions allow real-time monitoring of energy usage and help identify areas where efficiencies can be achieved. Advanced metering infrastructure provides valuable usage data that building managers and homeowners can utilize to understand appliance-wise breakdown and make more informed choices around scheduling tasks during off-peak hours or replacing old appliances with energy star rated ones. Remote disconnect and connect features in AMI also help utility providers manage outages proactively and reduce truck rolls. The ability to prepay for electricity through AMI platforms has boosted financial inclusion by providing access to reliable power supply even for those who earlier struggled with deposits or line of credit requirements. Remote and automatic meter reading through two-way communication has significantly reduced manual reading costs and deployment of smart street lighting controls has led to substantial energy savings for municipalities.

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Government regulations promoting smart meter deployment

Most European nations have recognized the role smart metering can play in transforming the energy sector landscape. Several countries have announced policies and set targets to rollout advanced metering infrastructure on priority. The European Commission has also outlined guidelines under the Third Energy Package to accelerate AMI adoption. In U.K., the nationwide smart meter program is a flagship US$2.5 billion initiative to install smart meters in homes and small businesses by mid-2020s. Italy passed a law in 2017 making installation of second generation smart meters mandatory in medium and large businesses by 2022 and residential premises by 2024. Germany too set a goal of equipping over 90% households with smart meters by 2032. Even Nordic countries like Sweden and Finland have high penetration driven by government led modernization programs. Regulators are actively monitoring progress and applying policy nudges like easier approval for utility spending on digitalization of grid, incentives for consumers to shift loads and reward mechanisms for distributors to rollout at faster pace.