Global Advanced Metering Infrastructure Market growing at a CAGR of 11.8% from 2023 to 2030

Consegic Business Intelligence provided an inclusive research report on the Advanced Metering Infrastructure Market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. Smart water meters are anticipated to witness the fastest CAGR in the advanced metering infrastructure market during the forecast period. The growth of the market is attributed to the increasing global focus on water conservation and sustainable resource management, driving the adoption of smart water meters. In addition, smart water meters provide real-time data on water consumption, enabling utilities and consumers to identify leaks, monitor usage patterns, and implement water conservation measures. Moreover, smart water meters detect leaks and abnormalities in water usage, enabling proactive maintenance and reducing water loss, further contributing to market growth. Consequently, the need to modernize water infrastructure and improve efficiency, and optimize water resource management is bolstering the growth of the smart water meter segment.