Automatic Meter Reading Device Market Trends: the market size is projected to grow from USD 13,265.62 million in 2024 to USD 22,134.15 million by 2030

Automatic Meter Reading (AMR) is an intelligent terminal that uses automation technology to remotely collect, transmit and process metering data of water, electricity, gas, etc. Its core is composed of sensors (real-time data reading), communication modules (supporting wired/wireless transmission) and data processing units. It can be widely used in smart grids, water management, building energy consumption monitoring and other fields.

According to the new market research report "Automatic Meter Reading Device - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031", published by QYResearch, the global Automatic Meter Reading Device market size is projected to grow from USD 13,265.62 million in 2024 to USD 22,134.15 million by 2030, at a CAGR of 7.14% during the forecast period.

Figure00001. Global Automatic Meter Reading Device Market Size (US$ Million), 2024-2030

Source: QYResearch, "Automatic Meter Reading Device - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

Figure00002. Global Automatic Meter Reading Device Top 20 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Source: QYResearch, "Automatic Meter Reading Device - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”

This report profiles key players of Automatic Meter Reading Device such as Landis+Gyr,ZENNER International,Itron

In 2023, the global top five Automatic Meter Reading Device players account for 24.16% of market share in terms of revenue. Above figure shows the key players ranked by revenue in Automatic Meter Reading Device.

Market Drivers:

1. Improve efficiency and accuracy: Automatic meter reading equipment can significantly reduce manual errors, improve the accuracy and efficiency of data collection, and reduce management costs.
2. Real-time monitoring and data analysis: Through the automation system, users can obtain energy consumption data in real time and conduct in-depth analysis, which helps to optimize resource use and cost control.
3. Policy support: Governments of various countries have introduced relevant policies to encourage the application of smart metering systems, which has promoted the growth of the automatic meter reading equipment market.

Restraint:

1. High initial investment cost: Although it can save costs in the long run, the initial purchase and installation costs of automatic meter reading equipment are high, which is a major challenge, especially for small businesses or individual users with limited budgets.
2. Technical compatibility issues: Existing infrastructure may not be fully compatible with new automatic meter reading technology, requiring additional transformation or upgrades, which increases the difficulty and cost of implementation.
3. Privacy and security concerns: With the popularity of IoT devices, data leakage and network security risks have become the focus of attention. How to ensure the security and privacy protection of user data is a major challenge.

About The Authors

Yaping Zhao - Lead Author

Email: zhaoyaping@qyresearch.com

About QYResearch

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 17 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.

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