Global Advanced Metering Infrastructure Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Advanced Metering Infrastructure Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global advanced metering infrastructure market report has been segmented on the basis of meter type, solution, service, application, and region.
Global Advanced Metering Infrastructure Market: Overview
Advanced Metering Infrastructure (AMI) is an integrated system of smart meters, communications networks, and data management systems that enables two-way communication between customers and services provider. This system maintains data by using smart meter installed in residential, commercial business, and industries. It helps in minimizing wastage of energy and cost control.
Global Advanced Metering Infrastructure Market: Dynamics
Increasing demand for energy across the globe, owing to rising population and economic development is a key factor expected to drive growth of the global market over the forecast period.
In addition, rising adoption of smart home technology and increasing digitization, which in turn is expected to increase adoption of smart devices are some other factors expected to further fuel growth of the target market over the forecast period.
Moreover, technological advancements and innovative product launches in advanced metering infrastructure are some other factors expected to boost growth of the global market over the forecasts period.
Furthermore, increasing smart city and smart grid initiatives across the globe is another factor expected to propel growth of the advanced metering infrastructure over the forecast period.
However, lack of capital investments for infrastructure installation and inter-operability standards in various countries, and lack of ROI on installations are some major factors expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the target market is increasing installation of smart water meters, that helps to manage water consumption by accessing real-time usage data.
Increasing manufacturers focus on strategic mergers and acquisitions in order to expand their business by enhancing product offerings and consumer base across the globe. For instance, Itron Inc. acquired Actaris Metering Systems – produce water, gas, heat, and electricity meters and associated systems. This factor is expected to create lucrative opportunities for players operating in the target market over the forecast period.
Global Advanced Metering Infrastructure Market: Segment Analysis
Among the meter type segments, the smart electric meter segment is expected to register significant share in terms of revenue over the forecast period.
Among the solution segments, the MDM (Meter Data Management) segment is expected to register significant growth over the forecast period.
Among the service segments, the system integration segment is expected to account for highest market share over the forecast period.
Global Advanced Metering Infrastructure Market: Regional Analysis
The market in North America is expected to dominate in the global market and is projected to continue its dominance over the forecast period, owing to rising adoption of IoT-based devices across various applications such as electricity, water, gas, and others in various countries especially in US and Canada.
The market in Asia Pacific is expected register significant growth in terms of revenue over the forecast period, owing to growing population and increasing awareness regarding wastage and consequently carbon footprints among consumers across various countries in this region.
Global Advanced Metering Infrastructure Market Segmentation:
Segmentation by meter type:
- Smart water meter
- Smart gas meter
- Smart electric meter
Segmentation by solution:
- MDM (Meter Data Management)
- Meter data analytics
- AMI (Advanced Meter Infrastructure) Security
- Meter Communication Infrastructure
Segmentation by service:
- System integration
- Meter deployment
- Program management and consulting
Segmentation by application:
- Residential application
- I&C (Instrument and Control System) application
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- International Business Machines Corporation
- General Electric Company
- Itron, Inc.
- Cisco Systems, Inc.
- Schneider Electric SE
- Elster Group GmbH
- Sensus USA Inc.
- Trilliant Incorporated
- Eaton Corporation
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