첨단 계량 인프라(AMI) : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the advanced metering infrastructure market size is expected to grow from USD 19.69 billion in 2025 to USD 22.16 billion in 2026 and is forecast to reach USD 40.06 billion by 2031 at 12.55% CAGR over 2026-2031.

This report is Segmented by Application Type (Smart Metering Devices Application [Electricity, Water, and Gas]; Solution (Meter Communication Infrastructure, Meter Data Management Software, and Meter Data Analytics Software); and Services [Professional, and Managed]), End-User (Residential, Commercial, and Industrial), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

Global Advanced Metering Infrastructure Market Trends and Insights

Government Mandates for Smart-Meter Roll-Outs

Mandates transform discretionary upgrades into compulsory projects that guarantee demand visibility for suppliers and financiers. Australia's program obliging every household to adopt smart meters by 2030 triggered bulk procurement that compressed meter unit costs and accelerated utility tenders.

Germany is enforcing intelligent measuring systems for customers consuming more than 6,000 kWh annually, compelling distribution system operators to schedule installations despite capital-budget constraints. India's national mission targeting 250 million smart meters by 2026 is now the world's largest single program, creating standardized specifications that enable multi-vendor interoperability and scale economies.Utilities in mandated regions routinely secure lower interest rates because lenders treat statutory projects as lower risk than voluntary pilots. The certainty surrounding rollout timelines also incentivizes local assembly of radio modules, cushioning geopolitical shocks in semiconductor supply chains.

Utility Cost-Savings from Remote Meter Reading

Immediate labor savings strengthen investment cases, especially for utilities serving dispersed territories. Yorkshire Water eliminated 90% of manual meter-reading costs and materially cut customer-billing disputes after switching to AMI.Reduced truck rolls curb fuel expenses and carbon emissions, while automated reads slash estimated billing adjustments that previously distorted cash flows. Utilities can then redeploy field technicians toward higher-value inspections, enhancing asset health without hiring new staff. In territories with challenging terrain, remote reads remove safety hazards tied to accessing meters in flooded basements or remote cabins. Collectively, these benefits compress payback periods to as little as three years, reinforcing board-level confidence in successive AMI funding rounds.

High Upfront Capital Expenditure

Total cost of ownership climbs to USD 200-400 per meter once communication backhaul, head-end software, and integration services are included. Smaller cooperatives and municipal utilities find it harder to raise debt because they lack multi-year rate-recovery guarantees. Vendor financing can relieve pressure but often carries higher interest rates that erode savings. Parallel investments in cybersecurity, workforce reskilling, and consumer outreach push capex peaks even higher during the first two years of rollout. While grants and concessional loans exist, they rarely cover project-management or grid-integration costs, prolonging decision cycles among cash-constrained operators.

Other drivers and restraints analyzed in the detailed report include:

1. Integration of Distributed Energy Resources and Dynamic Pricing
2. Private 5G Utility Networks for Low-Latency AMI
3. Cybersecurity and Data-Privacy Concerns

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Electricity metering applications commanded 62.05% of Advanced Metering Infrastructure market share in 2025, mirroring regulators' focus on power-sector decarbonization timelines. This segment benefits from standardized meter communication protocols, remote disconnect features, and the immediate ability to curtail theft. Utilities deploying interval-data analytics report billing-accuracy improvements above 99.5%, which reduces revenue leakage and customer service calls. In contrast, water utilities are adopting AMI primarily to tackle non-revenue water that can exceed 25% in aging networks. Water metering's 13.12% CAGR reflects rising drought exposure in California and Australia, where leak-detection alerts can lower losses by up to 20%. Gas metering lags because explosion-proof certification adds roughly 30% to meter list prices, and residential retrofits often require in-premise appointments that consumers resist.

The application mix influences software spending patterns. Meter data management platforms captured 40.96% of 2025 revenues, as utilities realized that scalable ingestion and cleansing of 15-minute interval data is essential before deriving insights. Meter data analytics is advancing at 12.83% CAGR, with utilities layering predictive maintenance and theft-detection models onto existing datasets. Electricity-first utilities are therefore increasing software-to-hardware spend ratios from 0.3:1 in 2022 to 0.5:1 by 2025, signaling a pivot from roll-out completion to value extraction. Vendors bundling analytics with head-end licenses at point of sale are outperforming those selling analytics as optional add-ons.

Complete Report Scope:

• By Application Type
  • Smart Metering Devices Application
    • Electricity
    • Water
    • Gas
  • Solution
    • Meter Communication Infrastructure
    • Meter Data Management Software
    • Meter Data Analytics Software
  • Services
    • Professional (Program Management, Deployment, Consulting)
    • Managed
• By End-User
  • Residential
  • Commercial
  • Industrial
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • Germany
    • United Kingdom
    • France
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia and New Zealand
    • Rest of Asia Pacific
  • Middle East
    • Saudi Arabia
    • United Arab Emirates
    • Turkey
    • Rest of Middle East
  • Africa
    • South Africa
    • Nigeria
    • Kenya
    • Rest of Africa

Geography Analysis

Asia Pacific held 40.22% of Advanced Metering Infrastructure market share in 2025, anchored by India's commitment to install 250 million meters by 2026 and China's ongoing ultrahigh-voltage grid upgrades. Bulk procurement frameworks lower meter average selling prices by 18% compared with North American contracts, encouraging utilities to roll out multi-utility platforms that handle electricity, water, and gas concurrently. However, export-control limits on RF modules sourced from the United States add lead-time uncertainty, prompting state-run manufacturers to localize radio production capabilities.

North America remains a mature yet innovation-driven zone, with private 5G overlays gaining traction in Texas and Ontario. Utilities in the United States allocate up to 15% of AMI budgets to cybersecurity, reflecting stringent NERC CIP enforcement. Cold-weather specifications in Canada demand lithium-thionyl chloride batteries and dual-band mesh radios that maintain uptime at -40 °C, pushing vendors to design climate-robust variants. Mexico's policy liberalization invites independent power producers to co-finance AMI in exchange for access to real-time load data that optimize merchant plant dispatch.

Europe's trajectory hinges on the EU Green Digital Taxonomics framework, which grants post-2025 incentives for meters that prove lifecycle carbon reductions. Germany's legislated rollout milestones compel distribution grid operators to integrate smart meters with energy-saving dashboards, while the United Kingdom's competitive metering market fosters innovative managed service offerings.

The Middle East records the fastest regional CAGR of 12.95% as Saudi Arabia and the United Arab Emirates embed AMI into smart-city blueprints, dovetailing with rooftop solar mandates and electric-vehicle charging infrastructure. Africa's growth remains nascent but strategic; South African utilities deploy AMI to curb non-technical losses surpassing 20%, whereas Nigerian discos pilot prepaid smart meters to stabilize cash flow.

1. Itron Inc.
2. Landis+Gyr Group AG
3. Sensus USA Inc. (Xylem Inc.)
4. Siemens Aktiengesellschaft
5. Schneider Electric SE
6. Honeywell International Inc.
7. IBM Corporation
8. Cisco Systems Inc.
9. Aclara Technologies LLC
10. Trilliant Holdings Inc.
11. Kamstrup A/S
12. Badger Meter Inc.
13. Diehl Metering GmbH
14. Neptune Technology Group Inc.
15. Wasion Group Holdings Ltd.
16. EDMI Limited
17. Hexing Electrical Co. Ltd.
18. Iskraemeco d.d.
19. Aichi Tokei Denki Co. Ltd.
20. Apator SA

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Drivers
  • 4.1.1 Government mandates for smart-meter roll-outs
  • 4.1.2 Utility cost-savings from remote meter reading
  • 4.1.3 Integration of distributed energy resources and dynamic pricing
  • 4.1.4 Post-2025 EU Green Digital Taxonomics incentives
  • 4.1.5 Private 5G utility networks for low-latency AMI
  • 4.1.6 Semiconductor localization grants lowering meter BOM
• 4.2 Market Restraints
  • 4.2.1 High upfront capital expenditure
  • 4.2.2 Cybersecurity and data-privacy concerns
  • 4.2.3 Export-control limits on RF components
  • 4.2.4 Utility workforce union resistance to remote disconnect
• 4.3 Industry Value Chain Analysis
• 4.4 Regulatory Landscape
• 4.5 Technological Outlook
• 4.6 Impact of Macroeconomic Factors
• 4.7 Porter's Five Forces Analysis
  • 4.7.1 Threat of New Entrants
  • 4.7.2 Bargaining Power of Buyers
  • 4.7.3 Bargaining Power of Suppliers
  • 4.7.4 Threat of Substitute Products
  • 4.7.5 Intensity of Competitive Rivalry

5 MARKET SIZE AND GROWTH FORECASTS (VALUE)

• 5.1 By Application Type
  • 5.1.1 Smart Metering Devices Application
    • 5.1.1.1 Electricity
    • 5.1.1.2 Water
    • 5.1.1.3 Gas
  • 5.1.2 Solution
    • 5.1.2.1 Meter Communication Infrastructure
    • 5.1.2.2 Meter Data Management Software
    • 5.1.2.3 Meter Data Analytics Software
  • 5.1.3 Services
    • 5.1.3.1 Professional (Program Management, Deployment, Consulting)
    • 5.1.3.2 Managed
• 5.2 By End-User
  • 5.2.1 Residential
  • 5.2.2 Commercial
  • 5.2.3 Industrial
• 5.3 By Geography
  • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Mexico
  • 5.3.2 South America
    • 5.3.2.1 Brazil
    • 5.3.2.2 Argentina
    • 5.3.2.3 Rest of South America
  • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
  • 5.3.4 Asia Pacific
    • 5.3.4.1 China
    • 5.3.4.2 Japan
    • 5.3.4.3 India
    • 5.3.4.4 South Korea
    • 5.3.4.5 Australia and New Zealand
    • 5.3.4.6 Rest of Asia Pacific
  • 5.3.5 Middle East
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 Turkey
    • 5.3.5.4 Rest of Middle East
  • 5.3.6 Africa
    • 5.3.6.1 South Africa
    • 5.3.6.2 Nigeria
    • 5.3.6.3 Kenya
    • 5.3.6.4 Rest of Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)
  • 6.4.1 Itron Inc.
  • 6.4.2 Landis+Gyr Group AG
  • 6.4.3 Sensus USA Inc. (Xylem Inc.)
  • 6.4.4 Siemens Aktiengesellschaft
  • 6.4.5 Schneider Electric SE
  • 6.4.6 Honeywell International Inc.
  • 6.4.7 IBM Corporation
  • 6.4.8 Cisco Systems Inc.
  • 6.4.9 Aclara Technologies LLC
  • 6.4.10 Trilliant Holdings Inc.
  • 6.4.11 Kamstrup A/S
  • 6.4.12 Badger Meter Inc.
  • 6.4.13 Diehl Metering GmbH
  • 6.4.14 Neptune Technology Group Inc.
  • 6.4.15 Wasion Group Holdings Ltd.
  • 6.4.16 EDMI Limited
  • 6.4.17 Hexing Electrical Co. Ltd.
  • 6.4.18 Iskraemeco d.d.
  • 6.4.19 Aichi Tokei Denki Co. Ltd.
  • 6.4.20 Apator SA

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment