Global Advanced Metering Infrastructure market size in 2022 was USD 20,500 million, market value to grow to USD 67,100 Million by 2032 at 11.4% CAGR as per Acumen Research and Consulting
Advanced Metering Infrastructure (AMI) refers to a sophisticated system that uses advanced communication technology to monitor and manage energy usage in real-time. This technology provides utilities with valuable data that can help them better manage energy resources, reduce costs, and improve overall efficiency. The AMI market has seen tremendous growth in recent years, driven by increased demand for reliable and efficient energy solutions.
Diverse Applications of AMI
The AMI market has diverse applications, including residential, commercial, and industrial sectors. In the residential sector, AMI is used for monitoring and controlling energy usage, billing, and remote management. In the commercial sector, AMI is used for demand response, load management, and energy conservation. In the industrial sector, AMI is used for real-time monitoring, energy management, and asset optimization.
Market Segmentation:
The AMI market can be segmented based on components, solutions, services, and regions. Based on components, the market can be segmented into hardware, software, and services. Based on solutions, the market can be segmented into meter data management, analytics, and communication. Based on services, the market can be segmented into consulting, integration, and maintenance. Based on regions, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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Market Dynamics:
Growing Demand for Smart Grids: The AMI market is driven by the increasing demand for smart grids, which offer improved energy efficiency, reliability, and cost savings.
Government Initiatives: Government initiatives aimed at reducing energy consumption and carbon emissions are driving the growth of the AMI market.
Technological Advancements: The emergence of advanced communication technologies, such as IoT and 5G, is expected to drive the growth of the AMI market by enabling more efficient data collection and management.
Market Challenges:
High Implementation Costs: The high implementation costs associated with AMI technology can pose a significant challenge for utilities and other organizations looking to adopt the technology.
Data Security and Privacy Concerns: As AMI technology relies on the collection and transmission of sensitive data, data security and privacy concerns can pose a significant challenge for utilities and other organizations.
Integration with Legacy Systems: The integration of AMI technology with legacy systems can be complex and time-consuming, which can pose a significant challenge for utilities and other organizations.
Market Regional Overview:
North America is currently the largest market for AMI, driven by the increasing adoption of smart grid technology and government initiatives aimed at reducing energy consumption and carbon emissions. Europe is also a significant market, driven by similar factors. The Asia Pacific region is expected to see significant growth in the coming years, driven by the increasing demand for energy and the adoption of smart grid technology.
Market Players:
- Honeywell Inc.
- GE Company
- Itron, Inc.
- Schneider Electric SE
- Siemens AG
- Landis+Gyr AG
- Kamstrup A/S
- Sensus USA Inc.
- Elster Group GmbH
- Aclara Technologies LLC
- Badger Meter Inc.
- @Osaki Electric Co., Ltd.
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Market Scenario Companies such as market Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), General Electric (U.S.), Schneider Electric SE (France), are the leading providers of advanced metering infrastructure solution in the global market.
The increasing adoption of smart grid communication that enables the utilities and energy retailers to improve energy efficiency, integrate renewable energy resources, bring down operating costs, and improves grid reliability, and others.
The companies are investing in research and development of SCRUM methodology which is benefiting in smart electric and gas meters, communication hub and others.
It supports remote meter data reading, remote firmware upgrade, remote load limiter, and others.
The advanced metering infrastructure offers various services including advanced metering infrastructure, communication infrastructure, head end system, meter data management system, and others.The increasing of energy generation which is gaining demand in the Advanced Metering Infrastructure Market is due to the increasing urbanization, industrialization, and growing population which is propelling advanced metering infrastructure market growth to a large extent.
Advanced metering infrastructure solution, helps in managing the outsourcing and reducing the risk for the utility of professional operation providers in an organization.Get Sample of 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.Segmentation of Advanced Metering Infrastructure Market:The global advanced metering infrastructure market is segmented into device type, service, system, and region.
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.
The Advanced Metering Infrastructure market report by Reports and Data provides an extensive overview of the vital elements of the Advanced Metering Infrastructure market and factors such as the drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others.
Space-age industrial and digitalization tools are used to provide the readers with actionable insights regarding the global Advanced Metering Infrastructure market.This is the latest report covering the current COVID-19 scenario.
The coronavirus pandemic has greatly affected every aspect of the worldwide industry.
The rapidly changing market scenario and the initial and future assessment of possible aftereffects are covered in the research report.
The report discusses all the major aspects of the market with expert opinions on the current status along with historical data.Get a sample PDF copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2549The report proposes a full-fledged solution for all your business needs and helps you understand the overall dynamics of the market.
It offers an in-depth evaluation of all aspects that are expected to impact the growth of the market.Key Advanced Metering Infrastructure Market players covered in the report are:IBM Corporation, Cisco Systems, Inc., General Electric Corporation, Aclara Technologies LLC., Itron Inc., Schneider Electric SE, Elster Group GmbH, Trilliant Inc., Sensus and Tieto Corporation.
