North America Advanced Metering Infrastructure Market

North America is a substantial and rapidly expanding opportunity, particularly within the electricity, water, and gas utility sectors. AMI technology, which includes smart meters, communication networks, and data management systems, enables utilities to monitor, manage, and optimize the consumption of electricity, water, and gas more effectively. Electricity utilities lead the adoption of AMI, driven by regulatory mandates for energy efficiency, grid reliability, and the integration of renewable energy sources.

The widespread deployment of smart electricity meters across residential, commercial, and industrial sectors forms a significant portion of the AMI market. The push towards grid modernization and the increasing need for real-time data to manage energy loads efficiently further bolster this segment. Water utilities are increasingly adopting AMI to enhance water conservation efforts, reduce leaks, and improve billing accuracy. The integration of smart water meters allows for better resource management and supports sustainability initiatives.

This segment is experiencing rapid growth as utilities seek to address water scarcity and optimize distribution networks. Gas utilities are also investing in AMI to enhance safety, improve service reliability, and optimize gas usage. The adoption of smart gas meters is driven by the need for accurate consumption data and the detection of gas leaks, which are critical for operational safety. Collectively, these factors contribute to a robust TAM for AMI in North America, with continued investment expected across all three utility sectors as they strive to improve efficiency, customer service, and sustainability.

The market for Advanced Metering Infrastructure (AMI) in North America is significant, driven by the presence of a large number of utility companies across the region. According to recent analysis, there are more than 785 utility companies operating in North America, each representing a potential target for AMI solutions. These utilities span the electricity, water, and gas sectors, each with varying degrees of adoption and need for advanced metering technologies.

The Advanced Metering Infrastructure (AMI) market in North America is segmented into three main categories: Smart Metering Devices, Solutions, and Services. Each of these segments has its own growth trajectory, driven by technological advancements, regulatory requirements, and the increasing focus on energy efficiency.

North America Advanced Metering Infrastructure Market Size

Report	Details
Market Size Value	USD 8.9 Billion in 2024
CAGR	9.2%
Forecast Period	2025-2030
Base Year	2023
Historic Data	2020

Opportunities – Renewable Energy Integration and Grid Balancing Opportunities

The increasing integration of renewable energy sources, such as solar and wind, poses challenges to grid stability due to their intermittent nature. However, this dynamic scenario presents a promising long-term opportunity for advanced metering infrastructure (AMI) companies to play a pivotal role in addressing these challenges and unlocking government support. AMIs offer solutions through various avenues. Real-time monitoring and control of energy consumption at the individual customer level enable utilities to implement Demand-side Management (DSM) programs, allowing for adjustments based on grid needs and load balancing during peak solar generation.

Moreover, AMIs facilitate the integration of Distributed Energy Resources (DERs) like rooftop solar panels and microgrids, optimizing grid operations and ensuring stability. Leveraging data analytics and forecasting capabilities, AMIs provide valuable insights into energy usage patterns, enabling proactive management of grid resources and avoiding outages. As key Smart Metering Devices of smart grid technology, AMIs contribute to grid modernization, enhancing resilience and accommodating the growing penetration of renewables.

The prospect for AMI companies is further bolstered by government support, including policy incentives, tax breaks, subsidies, and funding programs aimed at promoting renewable integration and grid modernization. To capitalize on these opportunities, AMI companies can adopt key strategies such as investing in cutting-edge technology, forming strategic partnerships with utilities and energy players, focusing on customer engagement, and actively advocating for supportive policies.

By aligning with government initiatives and offering comprehensive solutions, AMI companies can position themselves for long-term success in the evolving energy landscape.

By Smart Metering Devices Analysis – Electricity segment maintain their dominance as the largest segment

Smart electric meters have evolved beyond traditional measurement devices, offering a spectrum of functionalities that contribute to a more efficient and responsive energy landscape. These advanced devices provide real-time data on electricity consumption at various intervals, enabling the identification of peak periods and optimization of energy use. With remote monitoring capabilities, utility companies can eliminate the need for physical meter readings, saving time and resources. The two-way communication feature facilitates dynamic pricing models, demand-response programs, and remote control of appliances, fostering a more interactive relationship between the meter and the grid.

Additionally, smart meters contribute to grid stability and maintenance by monitoring power quality, detecting voltage fluctuations, outages, and other issues. Security features, including tamper detection, prevent meter tampering and electricity theft, leading to fairer billing and reduced losses for utilities. Integration with smart homes further enhances automation, allowing connectivity with devices like thermostats and appliances for automated energy management and cost savings.

Market Dynamics

Market Drivers:

• Energy Efficiency Imperative
• Renewable Energy Integration

Major Opportunities:

• Renewable Energy Integration and Grid Balancing Opportunities
• Integration of IoT and Advance Analytics

Major Restraints:

• High Infrastructure Costs and Funding Challenges

By End-User Analysis - Residential sector dominates the end user sector

The residential sector is expected to remain the largest segment of the North America AMI market throughout the forecast period. This growth is due to a number of factors, including the large and growing number of residential buildings, the increasing awareness of energy efficiency among homeowners, and government initiatives to promote smart meter deployment in the residential sector. The commercial sector is also expected to experience significant growth over the forecast period.

The commercial sector is expected to account for 31.52% of the market in 2023, and this share is expected to decrease slightly to 30.68% by 2030. This decline is due to a number of factors, including the slower growth of the commercial building market compared to the residential market, and the fact that commercial buildings tend to be more energy-efficient than residential buildings.

The industrial sector is expected to have the smallest share of the AMI market throughout the forecast period. The industrial sector is expected to account for 17.22% of the market in 2023, and this share is expected to decrease slightly to 16.42% by 2030. This decline is due to a number of factors, including the slow growth of the industrial sector, the high upfront costs of AMI deployment for industrial facilities, and the fact that industrial facilities often have their own energy management systems in place..

By Country – US captured the largest regional market

The United States accounts for a significant portion of North America’s AMI growth, with smart meters reaching a penetration rate of 80% across the overall electricity meter market by 2023. Large-scale deployments by investor-owned utilities have been the primary driver of this growth. Utilities like Pacific Gas & Electric (PG&E), Southern California Edison, and Duke Energy have achieved high penetration rates, often exceeding 90% in their service areas. These utilities have been at the forefront of integrating AMI technologies, benefiting from government funding, regulatory support, and the pursuit of grid modernization initiatives.

Despite the impressive penetration rate, smart meter rollouts in the US are expected to slow down or plateau during the forecast period. This is due to the already high saturation of smart meters in many regions and the long product life cycles of these devices, which often last 10 to 15 years before requiring replacement. As a result, future growth in the US smart meter market is anticipated to be marginal, with smaller municipalities and cooperative-owned utilities driving this limited expansion.

These entities, which typically have smaller budgets and slower adoption rates, will be key contributors to the remaining smart meter shipments in the coming years.

Key Market Players

Major companies in the North America Advanced Metering Infrastructure market include ABB, Itron, Inc., Honeywell International Inc., Siemens AG, Schneider Electric SE, Badger Meter, Inc., Trilliant Holdings, Inc., Hubbell, ZENNER International GmbH & Co. KG, Mueller Systems, LLC. and others. The Advanced Metering Infrastructure market is highly fragmented, with top players accounting more than one third of the North America market revenues.

Segmentations Analysis of Advanced Metering Infrastructure Market: -

Major Segmentations Are Distributed as follows:

• By Smart Metering Devices:
  • Electricity
  • Water
  • Gas
• By Communication Module:
  • Cellular Communication Module
  • RF Mesh Communication Module
  • Power Line Communication Module
• By Service:
  • System Integration
  • Program Consulting
  • Meter Deployment
• By Solution:
  • Advanced Metering Infrastructure Security
  • Meter Communication Infrastructure
  • Meter Data Analytics
  • Meter Data Management
• By End User
  • Residential
  • Commercial
  • Industrial
• By Region
  • North America
    • U.S.
    • Canada

 Recent Developments

• February 2024, ABB announced that it had entered into an agreement to acquire SEAM Group, a major provider of energized asset management and advisory services to clients across industrial and commercial building markets.
• February 2024, Itron, Inc., a company innovating how utilities and cities manage energy and water, announced the availability of Itron Enterprise Edition (IEE) Meter Data Management (MDM) in the Microsoft Azure Marketplace. This online store offers applications and services for use on Azure, streamlining the buying process for customers. With this launch, utilities were able to more easily leverage the productive and trusted Azure cloud platform to host Itron’s market-leading data management product.
• March 2024, Utilidata, an industry-leading AI-powered technology company, announced that Aclara, a division of the leading utility and electrical solutions provider Hubbell Incorporated, was the first company to embed Utilidata’s distributed AI platform, Karman, into a smart meter to enable a connected grid that delivers clean and reliable energy. Built on a custom module leveraging the NVIDIA Jetson platform for artificial intelligence, Karman captured and analyzed robust, high-quality data to improve grid operations and manage distributed energy resources (DERs).

The report includes Vendor Assessment (Company Profiles, Market Positioning, Strategies, Recent Developments, Capabilities & Product Offerings / Mapping), Technology Assessment (Developments & Economic Impact), Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional FootPrint by MarketDigits.

Report Answers Following Key Questions:

• What will be the North America Advanced Metering Infrastructure Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers in the North America Advanced Metering Infrastructure Market?
• What are the main forces behind worldwide North America Advanced Metering Infrastructure Market growth? Which companies dominate North America Advanced Metering Infrastructure Market?
• Which companies dominate North America Advanced Metering Infrastructure Market? Which business possibilities, dangers, and tactics did they embrace in the market?
• What are the North America Insight Engines industry's suppliers' opportunities and dangers in Advanced Metering Infrastructure Market?
• What is the industry's regional sales, income, and pricing analysis? In the North America 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 North America Advanced Metering Infrastructure Market?