Comprehensive Analysis Highlights Market Dynamics, Segmentation, and Regional Insights
The Global Advanced Metering Infrastructure Market Size is poised for significant growth, with projections indicating a market size of approximately USD 47.46 Bn. by 2030. This expansion is driven by the increasing adoption of Internet of Things (IoT) technologies, the need for efficient energy management, and the growing demand for real-time data analytics across various utilities.
Market Estimation & Definition
Advanced Metering Infrastructure (AMI) refers to systems that enable two-way communication between utilities and consumers, facilitating the collection, analysis, and management of utility usage data. These systems typically include smart meters, communication networks, and data management platforms, providing utilities with detailed insights into consumption patterns and enabling consumers to monitor and manage their usage effectively. As of 2023, the market was valued at approximately USD 16.69 billion, with an anticipated compound annual growth rate (CAGR) of 16.1% from 2024 to 2030.
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Market Growth Drivers & Opportunities
Several factors are contributing to the robust growth of the AMI market:
Segmentation Analysis
The AMI market is segmented based on device type, deployment mode, solution, service, application, and region:
Regional Insights
North America holds a significant share of the AMI market, attributed to advanced technological infrastructure, substantial research and development investments, and a strong presence of key market players. Europe follows, with a well-established utility sector and increasing adoption of smart grid technologies. The Asia-Pacific region is anticipated to exhibit the highest growth rate, driven by rapid urbanization, industrialization, and supportive government initiatives in countries like China and India.
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Competitive Landscape
The market is characterized by the presence of key players focusing on product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Companies are investing in the development of advanced AMI solutions to meet the evolving needs of utilities and consumers.
IBM CorporationCisco Systems, Inc.Schneider Electric SELandis+GyrSensusTrilliant Inc.DynosonicGeneral ElectricElster Group GmbHTieto CorporationAclara Technologies LLCItron Inc.Eaton CorporationSiemens AGGeneral Electric
Conclusion
The Advanced Metering Infrastructure market is on a trajectory of significant growth, driven by technological advancements, the increasing adoption of IoT technologies, and the growing demand for real-time data analytics. Stakeholders are encouraged to invest in research and development, focus on strategic collaborations, and expand their presence in emerging markets to capitalize on the opportunities in this dynamic sector.
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Global Advanced Metering Infrastructure Market Report, By Device Type (Smart Electric Meters), Service (Meter Deployment), System (Meter Data Analytics) - Forecast Till 2023Advanced Metering Infrastructure Market – OverviewThe use of advanced metering devices is set to rise with an increasing focus on smart management of energy sources.
The market is set to achieve USD 9 billion in revenues while expanding at a CAGR of 14% in the duration of the forecast period.The progress of the energy generation sector is expected to incentivize the expansion of the Advanced Metering Infrastructure Market further.
The intensifying forces of industrialization and urbanization are expected to bolster the expansion of the market in the forecast period.
If the offer is approved, DP will devote $576 million to modernize its energy distribution system over the span of the next decade.
The utility will increase the $576 million required by growing energy bills for usual retail customers using 1000kWh by $1.99 for each month.Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/5185Key Players:Some of the prominent players in the global advanced metering infrastructure market Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), General Electric (U.S.), Schneider Electric SE (France), Itron, Inc. (U.S.), Aclara Technologies LLC (U.S.), Elster Group GmbH (Germany), Sensus (U.S.), Tieto Corporation (Finland), Trilliant, Inc. (U.S.), Silver Spring Networks (U.S.), Siemens AG (Germany), Cooper Industries (U.S.) among others.Global Advanced Metering Infrastructure Market SegmentationThe segmentation of the advanced metering infrastructure market consists of service, system, device type, and region.
The device type segment of the market consists of smart water meters, smart electric meters, smart gas meters, and advanced communication modules among others.
The global Advanced Metering Infrastructure Market is forecasted to be worth USD 24.68 Billion by 2027, according to a new report by Emergen Research.
The growing industrialization, urbanization, and population growth are expected to drive the advanced meter infrastructure market growth during the forecast period.
The rising demand for smart cities and smart grid projects is also anticipated to boost the market growth shortly.The latest research report by Emergen Research, named ‘Global Advanced Metering Infrastructure Market - Forecast to 2027’, entails a comprehensive review of the global Advanced Metering Infrastructure market’s present and future trends.
The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.Get a sample of the report @https://www.emergenresearch.com/request-sample/163 Market Scope:One of the report’s central components is the broad Advanced Metering Infrastructure market segmentation that includes the product type gamut, application spectrum, end-user industry landscape, significant geographical regions, and the top market contenders.
The report contains unbiased industry expert opinions on the current market scenario, past market performance, production & consumption rates, demand & supply ratio, and revenue generation forecasts over the estimated period.
The key players’ financial positions, along with their gross profits, sales volumes, sales revenue, manufacturing costs, and other financial ratios, have been accurately gauged in the report.Key Highlights From The ReportIn May 2018, A contract to form a joint venture to acquire Acumen from Australia's largest energy supplier, Origin Energy Limited, was announced by Landis+Gyr and Pacific Equity Partners.
