Advanced Metering Infrastructure Market Size & Outlook, 2026-2034

Advanced Metering Infrastructure Market Overview

The global advanced metering infrastructure market size is valued at USD 20.12 billion in 2025 and is estimated to reach USD 59.23 billion by 2034, growing at a CAGR of 13.3% during the forecast period. Consistent growth of the market is supported by the increasing adoption of advanced sensor technologies, AI-enabled threat detection systems, and integrated surveillance solutions, which enhance perimeter security, enable real-time threat monitoring, and encourage organizations across critical infrastructure, utilities, and commercial sectors to proactively invest in perimeter intrusion detection systems.

Key Market Trends & Insights

• North America dominated the market with a revenue share of 38.4% in 2025.
• Asia Pacific is anticipated to grow at the fastest CAGR of 14.1 % during the forecast period.
• Based on By Components, the Smart Meters segment held the highest market share of 49.6% in 2025.
• By Communication Technology, the RF Mesh segment dominated the market with the revenue share of 46.5% in 2025.
• By End Use, the Residential Consumers segment is expected to grow at a CAGR of 13.5% during the forecast period.
• The U.S. dominates the North American AMI market, valued at approximately USD 6.5 billion in 2024 and reaching around USD 7.2 billion in 2025.

Table: U.S Advanced Metering Infrastructure Market Size (USD Million)

Source: Straits Research

Market Size & Forecast

• 2025 Market Size: USD 20.12 billion
• 2034 Projected Market Size: USD 59.23 billion
• CAGR (2026-2034): 13.3%
• Dominating Region: North America
• Fastest-Growing Region: Asia Pacific

The global Advanced Metering Infrastructure market encompasses a broad range of components, including smart meters, digital gas meters, electric meters, water meters, and other metering devices. These systems operate using various communication technologies such as radio frequency (RF) mesh, cellular networks (2G/3G/4G/5G), power line communication (PLC), optical fiber, low power wide area network (LPWAN), WiFi, and other wireless solutions. Furthermore, AMI solutions are deployed across diverse end-use sectors, including residential consumers, commercial buildings, industrial facilities, utilities, and municipal and government infrastructure, providing real-time energy monitoring, data management, and analytics capabilities through integrated, technology-driven platforms across global markets.

Latest Market Trends

Transition to Smart Grid Ecosystems

The Advanced Metering Infrastructure market is at the cusp of transformation from the traditional, manually operated meter-reading process to a fully integrated smart grid ecosystem. Utilities are increasingly installing smart meters along with advanced communication networks and analytics platforms that enable real-time monitoring of energy consumption, automated demand response, and predictive maintenance. These changes bring improvements in load management and reductions in operational costs, hence enhancing reliability for utilities and consumers, and strategically shift toward intelligent data-driven management systems that optimize grid performance and service delivery.

Rise of IoT-Enabled Metering Solutions

The global adoption of IoT-enabled metering devices is rapidly increasing, which enables the collection of rich consumption data and actionable insights for the consumer. Such connected meters often support automated billing, dynamic pricing models, and energy efficiency initiatives through integration with cloud-based platforms. This in turn tends to drive more active consumer involvement and operational transparency, hence opening up new avenues of revenue generation for energy providers while at the same time encouraging proactive energy management in residential and commercial sectors.

To get more insights about this report Download Free Sample Report

Market Driver

Government Smart Grid Initiatives Accelerate Adoption

Significant drivers include the rapid implementations of national smart grid programs. Regulatory mandates for modernizing energy infrastructure, along with funding incentives, are being laid down by governments around the world. The US Department of Energy alone has invested over USD 4 billion in grid modernization programs, out of which major shares are attributed to the deployments of smart meters, while the Smart Cities Mission initiated by India has allocated considerable funds toward smart grid projects in urban areas. These initiatives have prompted utilities to adopt large-scale advanced metering infrastructure and are, thus, driving growth in the market.

Market Restraint

Cybersecurity Concerns to Hamper Adoption

Rising concerns related to data security and cyber threats are acting as critical deterrents to increased adoption of Advanced Metering Infrastructure systems. Utilities and regulatory bodies are more cautious with regards to deploying connected metering solutions on account of data breaches, unauthorized access, and possible tampering with grid operations. According to data from the U.S. Department of Energy, over 30% of reported cybersecurity incidents affecting the grid involve vulnerabilities within the metering and communication infrastructure. These challenges resulted in the enforcement of stricter compliance mandates, slowing down the widespread implementation of the AMI systems. In order to deal with these risks and assure consumer trust, utilities are considering robust cybersecurity measures that include end-to-end encryption, intrusion detection, secure authentication protocols, and periodic security audits.

Market Opportunity

Expansion into Smart Water and Gas Networks

The growing emphasis on resource management efficiently, beyond just electricity, opens up more opportunities for the providers of AMI. Utilities are increasingly deploying smart water meters and digital gas meters to log consumption, detect leaks, and optimize distribution. Pilot programs in urban centers across Europe and Asia have already indicated that smart metering for water and gas can reduce non-revenue losses up to 20%, improve billing accuracy, and enable dynamic usage monitoring. The expansion beyond electricity metering also allows AMI solution providers to branch out into diverse offerings, untapped markets, and integrated utility monitoring platforms serving multiple resources, greatly expanding market potential.

Regional Analysis

North America dominated the global market in 2025, with 38.4% market share. This is attributed to proactive utility modernization programs, large-scale smart meter rollouts, and increasing adoption of integrated grid management solutions. This region benefits from high investment in grid resilience and pilot projects integrating multi-utility metering that accelerates the adoption of advanced metering infrastructure across residential, commercial, and industrial sectors. These initiatives drive North America's leadership in both AMI deployment and innovation.

The focus of utilities on better energy management and consumer engagement is driving the growth of the Advanced Metering Infrastructure market in the United States. For example, all major electric utilities have installed interactive consumer portals that allow real-time usage tracking and participation in demand response; these have greatly improved energy efficiency. Pilots of smart water and gas metering across metropolitan areas have been able to reduce billing inaccuracies and conserve resources, thus restoring public confidence in these systems. These combined efforts are positioning the U.S. as a strategic leader in the North American Advanced Metering Infrastructure market.

Asia Pacific Advanced Metering Infrastructure Market Insights

The Asia Pacific is the fastest-growing region, developing at a CAGR of 14.1% from 2026 to 2034, influenced by rapid urbanization, government-backed smart city initiatives, and expanding utility networks across major countries like China, India, and Japan. Urban infrastructure modernization and the integration of multi-utility AMI systems will drive adoption, while regional collaborations with technology providers are propelling the deployment of connected metering solutions. These initiatives, combined with rising energy efficiency awareness among consumers, are driving the strong growth seen in the Advanced Metering Infrastructure market in Asia Pacific.

 Large-scale smart grid pilot initiatives and private utility partnerships have catalyzed the growth of India's Advanced Metering Infrastructure market. The leading utilities are deploying digital metering solutions across metropolitan and tier-2 cities to improve consumption tracking, reduce non-revenue losses, and increase billing transparency. Innovative consumer engagement initiatives, such as mobile-based usage notifications and pre-paid metering schemes, also increase adoption rates and therefore position India as a key growth hub in the Advanced Metering Infrastructure market in the Asia Pacific.

Regional Market share (%) in 2025

Source: Straits Research

Europe Market Insights

The Advanced Metering Infrastructure market is exhibiting stable growth in Europe with the stringent regulations regarding energy efficiency and incentives offered for the adoption of smart grids across various countries. Initiatives like cross-border electricity trading and demand-side management are providing momentum to utilities for the deployment of advanced metering solutions. Public-private collaborations in countries such as France, Italy, and Spain on city-wide digital metering and energy optimization programs also drive the overall growth of the market.

The growth in the Germany Advanced Metering Infrastructure market is driven by the rollouts of country-wide smart meter mandates and modernization of the energy network under the Energiewende policy. German utilities have been integrating renewable sources by deploying automated energy monitoring systems that also enable flexible consumption management. With strong regulatory oversight, robust grid modernization, and investments in IoT-enabled meters, Germany becomes a strategic leader in Europe's Advanced Metering Infrastructure market.

Latin America Market Insights

Driven by country-wide digital metering programs in countries such as Brazil, Mexico, and Chile to make their grid systems more efficient and reduce losses in the distribution of electricity, the Latin America Advanced Metering Infrastructure market is growing. Remote monitoring and pre-paid metering initiatives are improving operational transparency while enabling dynamic pricing models for consumers. The integration of smart water and gas meters along with electricity metering is creating comprehensive utility management solutions that are driving market adoption.

The growth in Brazil's Advanced Metering Infrastructure market is driven by a set of initiatives undertaken by utilities for urban energy efficiency programs and resource conservation. The leading energy distributors are implementing smart meters with real-time usage tracking and automated billing systems to reduce non-revenue losses. Consumer engagement platforms that provide insights into electricity and water consumption will also increase the pace of their deployment, making Brazil a key growth hub in the Latin American AMI market.

Middle East and Africa Market Insights

The growth of the Middle East and Africa market is triggered by governments' initiatives to implement smart city programs and upgrade utility networks to meet urbanization demands and sustainable goals. Some countries, such as the UAE, Saudi Arabia, and South Africa, are making investments in extensive metering projects to track electricity, water, and gas consumption for better resource allocation and reduction of system losses.

The South African Advanced Metering Infrastructure market is growing, with utilities deploying integrated electricity and water metering systems to improve grid reliability and tackle energy theft. Programs offering remote consumption monitoring, automated alerts, and pre-paid metering solutions enhance efficiency and encourage wider adoption, placing South Africa as a leading market in the Middle East and Africa region.

Components Insights

The smart meters segment dominated the market with a revenue share of 49.6% in 2025. This growth is driven by the increasing deployment of smart grids and utility modernization initiatives, which prioritize accurate energy monitoring, automated billing, and real-time consumption tracking for residential and commercial consumers.

The segment of digital gas meters is expected to grow at the highest CAGR of 15.2% during the forecast period. This is because high growth can be attributed to the growing inclination toward smart city projects, developing urban gas infrastructure, and the need for accurate measurement and leak detection that will enable utilities to optimize their distribution network, cut down losses, and conform to environmental regulations.

By Components Market Share (%), 2025

Source: Straits Research

Communication Technology Insights

The RF mesh segment accounted for the largest market share by communication technology, with 46.5% revenue share in 2025, driven by wide utility adoption for its reliability, low maintenance, and scalability in smart grid deployments.

The cellular networks (2G/3G/4G/5G) segment is expected to grow at the highest rate during the forecast period, driven by the growing deployment of IoT-enabled meters, urban smart city initiatives, and remote energy management solutions.

End Use Insights

Residential consumers segment will witness the highest CAGR of 13.5% during the projection period, driven by consumer demand for real-time energy monitoring, automated billing, and demand response participation. With an increase in smart home adoptions and energy efficiency initiatives among households, residential consumers are increasingly engaging with advanced metering solutions, thereby opening up lucrative growth opportunities for utilities and AMI solution providers.

Competitive Landscape

The global AMI market is fragmented with the presence of established utility technology providers and pure-play metering solution companies. A few players dominate by a considerable margin through their diversified product portfolios, end-to-end solutions, and global deployment competencies.

The major players in the market include Itron, Inc., Siemens AG, Schneider Electric SE, and others. These industry players are focusing on strengthening their positions in the market by introducing new advanced metering solutions, strategic partnerships, mergers, and acquisitions. Besides this, companies are developing strategies for expanding their presence in emerging regions, enhancing interoperability, and offering integrated multi-utility platforms to establish a competitive edge in the rapidly growing Advanced Metering Infrastructure market.

Kimbal Private Limited (Kimbal): An emerging market player

Kimbal, an energy-tech company with its base in India, has been outstanding in the global Advanced Metering Infrastructure market because of its integrated end-to-end solutions in the line of smart meters, RF-mesh communication, and a cloud-native Head-End System.

• In February 2025 the company announced it had deployed AMI solutions to over 2 million consumers nationwide, and had another 12 million‑node deployment underway.

As such, Kimbal has emerged as a notable player in the AMI market, leveraging its full‑stack solution and large‑scale deployments to gain traction, especially in emerging regions.

List of key players in Advanced Metering Infrastructure Market

1. Itron, Inc.
2. Landis+Gyr Group AG
3. Siemens AG
4. Schneider Electric SE
5. Honeywell International Inc.
6. General Electric Company (GE)
7. Sensus (Xylem Inc.)
8. Kamstrup A/S
9. Toshiba Corporation
10. Elster Group (Honeywell)
11. ABB Ltd.
12. ZIV Group
13. Trilliant Holdings, Inc.
14. Oracle Utilities (Oracle Corporation)
15. Aclara Technologies LLC
16. Eaton Corporation
17. EDMI Limited
18. Wasion Group Holdings Ltd.
19. Sagemcom Energy & Telecom
20. Silver Spring Networks
21. Others

To get more findings about this report Download Market Share

Strategic Initiatives

• September 2025: Itron, Inc. partnered with the Manila Electric Company (Meralco) to deploy its AMI solution across 73,000 endpoints in Metro Manila, as part of Meralco’s grid modernization strategy.
• July 2025: Siemens AG collaborated with TRC Companies to upgrade the AMI data management system of the Salt River Project (SRP) utility in Arizona, improving headend analytics and meter-data visibility.
•  June 2025: CyanConnode Holdings PLC signed a contract for a smart meter rollout valued at approximately £70 million with the Government of Goa, India—addressing AMI deployment in water and electricity distribution
• March 2025: Netmore Group launched its “Metering-as-a-Service” (MaaS) offering tailored for water and gas utilities, enabling subscriptionbased AMI models that remove large upfront capital investment for utilities.