Advanced Metering Infrastructure Market Overviews
Advanced Metering Infrastructure Market was valued at USD 16.69 billion in 2023. Global Advanced Metering Infrastructure Market size is estimated to grow at a CAGR of 16.1 % over the forecast period.
Advanced Metering Infrastructure (AMI) enables both private and public utilities to effectively manage energy demand by pinpointing peak load times. This smart metering infrastructure also empowers consumers to monitor and control their energy consumption in alignment with their Time-of-Use (TOU) tariffs. Additionally, AMI provides electrical system operators with an IT-enabled interface that enhances operational efficiency. The system encompasses smart meters, meter connection infrastructure, and data management solutions, creating a comprehensive framework for energy management.
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Advanced Metering Infrastructure Market Scope and Methodology:
Growing Adoption of the Internet of Things (IoT): The increased penetration of the Internet of Things (IoT) is propelling the global advanced metering infrastructure (AMI) market. The rising demand for low-bandwidth, cost-effective, and delay-insensitive metering solutions is expected to significantly boost the need for AMI communications networks in the near future. It is essential for the network and communication modules of the meters to be as affordable as possible. In the early stages of AMI adoption, key communication technologies included narrow-band power-line communication (PLC) and RF-Mesh. As communication technology continues to evolve, newer technologies such as broadband PLC and low-power wide-area networks (LPWAN) are gaining traction in the industry.
Advanced Metering Infrastructure Market Regional Insights
The North American region held the largest market share accounting for 38.2% in 2023. The North American market is also developing as the population of the United States and Canada grows, as well as the number of water Services. Owing to the rise in the adoption of smart meters in developing countries such as India and Indonesia, Asia-Pacific is the fastest-growing area for the worldwide advanced metering infrastructure market. For example, the Indian government declared in February 2020 that the smart meter national program would install 10 lakh smart meters across the country (SMNP).
Advanced Metering InfrastructureMarket Segmentation
Based on Device, the electricity segment accounted for the largest share in 2023, representing 36.5% of the market. Meanwhile, the water segment is expected to experience the highest compound annual growth rate (CAGR) of 15.2% throughout the forecast period. Smart meters are revolutionizing the utility industry by providing advanced technology that delivers detailed insights into energy consumption. These meters have been implemented globally as part of sophisticated metering infrastructure initiatives, significantly enhancing the efficiency and management of utility services.
Advanced Metering Infrastructure Market Key Players
IBM Corporation
Cisco Systems, Inc.
Schneider Electric SE
Landis+Gyr
Sensus
Trilliant Inc.
Dynosonic
General Electric
Elster Group GmbH
Tieto Corporation
Aclara Technologies LLC
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Key questions answered in the Advanced Metering Infrastructure Market are:
- What is Advanced Metering Infrastructure ?
- What was the Advanced Metering Infrastructure market size in 2023?
- What is the growth rate of the Advanced Metering Infrastructure Market?
- Which are the factors expected to drive the Advanced Metering Infrastructure market growth?
- What are the different segments of the Advanced Metering Infrastructure Market?
- What growth strategies are the players considering to increase their presence in Advanced Metering Infrastructure ?
- What are the upcoming industry applications and trends for the Advanced Metering Infrastructure Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Advanced Metering Infrastructure Market?
- Who are the leading companies and what are their portfolios in Advanced Metering Infrastructure Market?
- What segments are covered in the Advanced Metering Infrastructure Market?
- Who are the key players in the Advanced Metering Infrastructure market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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