Europe Advanced Metering Infrastructure Market by Smart Metering Devices (Electricity, Water and Gas), Communication Module (Cellular Communication Module, RF Mesh Communication Module and Power Line Communication (PLC) Module), Service (System Integration, Program Consulting and Meter Deployment), Solutions (Advanced Metering Infrastructure Security, Meter Communication Infrastructure, Meter Data Analytics, Meter Data Management and Other), End-user (Residential, Commercial and Industrial )and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2023-2030

Industry : Information Technology | Pages : 179 Pages | Published On : May 2024

         
     
The Europe Advanced Metering Infrastructure Market is Valued USD 6,272 Million in 2023 and projected to reach USD 14,070 Million by 2030, growing at a CAGR of 12.3% During the Forecast period of 2023-2030.

Europe Advanced Metering Infrastructure Market Size


Graph
             2020                         2023-2030      

ReportDetails
Market Size ValueUSD 6,272 Million in 2023
Market Size ValueUSD 14,070 Million by 2030
CAGR12.3%
Forecast Period2023-2030
Base Year 2023
Historic Data2020

Major vendors in the Europe Advanced Metering Infrastructure market: Cisco Systems, Inc, Eaton, EDMI Limited, General Electric, Honeywell International Inc., IBM, Itron Inc., Schneider Electric, Siemens, TRILLIANT HOLDINGS INC, ZENNER International GmbH & Co and Others.

Market Overview

The Europe Advanced Metering Infrastructure (AMI) market is undergoing significant growth and transformation driven by various factors reshaping the energy landscape across the continent. Several factors contribute to the growth of the Europe AMI market. Is, regulatory mandates at the European Union (EU) level, such as the Clean Energy Package and the Energy Efficiency Directive, emphasize the importance of energy efficiency, emissions reduction, and grid modernization. These regulations incentivize utilities to invest in AMI infrastructure to comply with energy efficiency targets and enhance grid reliability. the Energy Efficiency Directive focuses on promoting energy efficiency across various sectors, including buildings, transport, industry, and energy production. It sets binding targets for energy savings and requires member states to develop and implement energy efficiency measures, such as promoting energy audits, improving building standards, and incentivizing energy-efficient technologies and practices.

Rise in grid scale storage services

The rise in grid-scale storage services is reshaping the Europe Advanced Metering Infrastructure (AMI) market, adding new dimensions to its evolution. As renewable energy sources such as wind and solar become increasingly integrated into the grid, the need for effective energy storage solutions becomes paramount to ensure grid stability and reliability. Grid-scale storage services, including battery storage and pumped hydro storage, complement AMI systems by enabling utilities to balance supply and demand more effectively. By storing excess energy during periods of low demand and releasing it during peak demand periods or when renewable generation is unavailable, grid-scale storage enhances grid flexibility and resilience. Moreover, the integration of grid-scale storage with AMI infrastructure unlocks synergies that optimize energy management and grid operations. AMI systems provide real-time data on energy consumption and generation, enabling utilities to make informed decisions about when to store or release energy from storage facilities.

Market Dynamics

Drivers:

  • Adoption of multiple deployments, including gas, electricity, and water
  • Rise in grid scale storage services

Opportunities:

  • Growing demand for electric vehicles and smart charging
  • Advancement in AMI technologies

Growing demand for electric vehicles and smart charging

The Europe Advanced Metering Infrastructure (AMI) market is experiencing a significant transformation driven by the growing demand for electric vehicles (EVs) and smart charging solutions. As the adoption of EVs continues to rise across Europe, the need for efficient and intelligent charging infrastructure becomes increasingly important. The integration of EVs and smart charging technologies presents new opportunities and challenges for utilities and grid operators. Smart charging solutions, enabled by AMI systems, allow for dynamic and automated control of EV charging based on grid conditions, energy prices, and user preferences. This not only optimizes charging processes but also helps alleviate grid congestion and manage peak demand more effectively.

UK dominates the market for Europe Advanced Metering Infrastructure.

The United Kingdom (UK) emerges as a dominant force in shaping the Europe Advanced Metering Infrastructure (AMI) market, leading the region in both adoption and innovation. With its progressive regulatory environment, technological expertise, and commitment to sustainability, the UK stands at the forefront of AMI deployment and development. The UK's AMI market has witnessed significant growth in recent years, driven by several key factors, regulatory mandates such as the Smart Metering Implementation Programme (SMIP) have mandated the deployment of smart meters across households and businesses. This initiative aims to modernize the country's energy infrastructure, enhance energy efficiency, and empower consumers with real-time consumption data.

The RF Mesh communication modules Segments is anticipated to hold the Largest Market Share during the Forecast Period

RF Mesh communication modules play a crucial role in Advanced Metering Infrastructure (AMI), serving as essential components for data collection and transmission from smart meters. Operating through radio frequencies, these modules establish a self-healing network where smart meters act as nodes, relaying data to gateways and subsequently to utility systems. One of the primary advantages of RF mesh communication lies in its wide coverage, as it can penetrate buildings and challenging terrains, reaching meters in remote locations where cellular or power line carrier (PLC) technologies face difficulties. The scalability of RF mesh networks allows for the strengthening of the network by adding more meters, enhancing data throughput and reliability. Moreover, RF mesh networks prove to be cost-effective, requiring fewer infrastructure installations compared to traditional cellular or PLC solutions. The resilience of these networks is evident in their ability to automatically reroute data around node failures, ensuring continuous communication. Security is also prioritized, with encryption and authentication protocols safeguarding data transmission against unauthorized access.

Segmentations Analysis of Europe Advanced Metering Infrastructure Market: -

  • By Smart Metering Devices
    • Electricity
    • Water
    • Gas
  • By Communication Module
    • Cellular Communication Module
    • RF Mesh Communication Module
    • Power Line Communication (PLC) Module
  • By Services
    • System Integration
    • Program Consulting
    • Meter Deployment
  • By Solutions
    • Advanced Metering Infrastructure Security
    • Meter Communication Infrastructure
    • Meter Data Analytics
    • Meter Data Management
    • Other Software
  • By End-use
    • Residential
    • Commercial
    • Industrial
  • By Region
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe

Recent Developments

  • In July 2022, Itron, Inc. along with its channel partner, United Systems & Software (USS), have announced a collaboration with Sevier County Utility District (SCUD) to implement Itron's AMI Essentials for Gas. This deployment comprises 15,000 Itron Cellular 500G Gas Modules and Demetra, Itron's latest meter data management and collection system. By leveraging this solution, the utility aims to streamline meter reading processes, enhance operational efficiency across SCUD's gas district in Tennessee, and achieve greater visibility into its gas distribution system. Over the next two years, USS will assist SCUD in deploying the gas modules across its service area.

Europe Advanced Metering Infrastructure Market Report Gives Answers to Following Key Questions:

  • What will be the Europe Advanced Metering Infrastructure Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of Europe Advanced Metering Infrastructure Market?
  • What are the main forces behind the worldwide Europe Advanced Metering Infrastructure Market? Which companies dominate the Europe Advanced Metering Infrastructure Market?
  • Which companies dominate the Europe Advanced Metering Infrastructure Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the Europe Advanced Metering Infrastructure industry's suppliers' opportunities and dangers in Europe Advanced Metering Infrastructure Market?
  • What is the Europe Advanced Metering Infrastructure industry's regional sales, income, and pricing analysis? In the Europe Advanced Metering Infrastructure Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Europe Advanced Metering Infrastructure Market?
  • What are the main geographical areas for various industries that are anticipated to observe an astounding expansion in Europe Advanced Metering Infrastructure Market?
  • What are the dominant revenue-generating regions for Europe Advanced Metering Infrastructure Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Europe Advanced Metering Infrastructure Market trends that are influencing the market's expansion?
  • Which key product categories dominate the Europe Advanced Metering Infrastructure Market? What are the Europe Advanced Metering Infrastructure Market’s main applications?
  • In the coming years, which Europe Advanced Metering Infrastructure Market technology will dominate the market?

 Reason to purchase this Europe Advanced Metering Infrastructure Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the Europe Advanced Metering Infrastructure Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Europe Advanced Metering Infrastructure Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the Europe Advanced Metering Infrastructure Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the Europe Advanced Metering Infrastructure Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Europe Advanced Metering Infrastructure Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

 

Table and Figures

Methodology:

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