Global Smart Grid Technology Market Trends

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Global Smart Grid Technology Market Size, Share, and Trends Analysis Report Trends

  • ICT
  • Apr 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Growing Adoption Of Advanced Metering Infrastructure (AMI)

• Utility companies are increasingly deploying Advanced Metering Infrastructure (AMI) to enable real-time energy consumption monitoring and two-way communication between providers and consumers
• AMI helps reduce manual errors, improves billing accuracy, and supports dynamic pricing models based on actual energy usage patterns
• Governments across various regions are promoting AMI adoption through national programs and regulatory mandates
• The technology enhances grid resilience by enabling faster outage detection, remote disconnection, and predictive maintenance capabilities
• For instance, the U.S. Department of Energy reported the deployment of over 100 million smart meters by 2023, while India’s Smart Meter National Programme (SMNP) targets 250 million installations by 2025 to reduce aggregate technical and commercial losses