Europe Advanced Metering Infrastructure Market Is Gaining Significant Growth Owing To High Adoption Of Smart Meter

The Europe Advanced Metering Infrastructure market is segmented into organized and unorganized players. Unorganized companies are dominating the market in the region. Rising urbanization, low prices, and lifestyle modifications are the factors that are driving this market. Companies' strategies are based on regional taste and demand.

The AMI enables utilities and consumers to communicate and enables remote electricity use measurement, outage detection, and voltage monitoring. This is a revolutionary change in the way utilities conduct business and is expected to continue growing. AMI is an essential technology for the smart meter market. This technology allows for remote meter management and communication between a utility and a customer. Smart meters, also known as smart meters, communicate data to a central server. These communication networks can use fixed-wireless networks, satellites, and licensed radios.

Europe Advanced Metering Infrastructure Market is the largest market for advanced metering infrastructure services and solutions. Several factors are driving the growth of this market in Europe. In addition to financial incentives for utilities, a standard interface and interoperability are the major challenges facing the market in Europe. The major vendors operating in the region include General Electric Company, IBM Corporation, Elster Group GmbH, Schneider Electric, Sensus, and Tieto Corporation, which have each adopted different growth strategies.

Government regulations and smart city initiatives are driving the growth of the market. Regulatory norms and legislative directives issued by governments in Europe are requiring utilities to install advanced metering infrastructure. Furthermore, the European Union has mandated the replacement of traditional electricity meters with advanced infrastructure by 2020. Moreover, electricity providers are leveraging data from advanced metering infrastructure to enhance grid operations, integrate distributed energy resources, and improve customer service. The Europe Advanced Metering Infrastructure Market also helps consumers track their electricity bills.