Advanced Metering Infrastructure Market Size, Global Opportunities, Sales Revenue, Development Status, Design Competition Strategies, Future Prospects, Emerging Audience and Growth by Forecast 2023

Market Research Future
Market Research Future published a research report on “Advanced Metering Infrastructure Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Insight

Market Research Future (MRFR) states that the global advanced metering infrastructure market is projected to achieve the value of USD 9 billion by 2023. The global market is set to expand at a CAGR of 14% during the forecast period (2017-2023). AMI (Advanced Metering Infrastructure) is the collective term that refers to the whole infrastructure from Smart Meter to two way-communication network. It is used to control center equipment and all the applications that enable the gathering and transfer of energy usage information in real-time.

Drivers and restraints

Accelerated integration of Internet of Things (IoT) with smart grid to open many avenues

The market size for AMI has tremendously grown over the past years, with the emergence of disruptive technologies, such as internet of things (IoT) and connected devices further fuelling the opportunity areas for AMI. With the emergence of connected devices like home gateways, smart meters, and smart plugs, innovations to manage energy usage have come into the picture. Elevated integration of IoT with smart grid opens key avenues for the growth of the AMI market as well. For instance, in 2018, Huawei started using Long-Term Evolution-IoT (eLTE-IoT backbone) network as the backbone for the AMI system. The system is designed to provide secure and cost-effective End-to-End (E2E) smart grid solutions.

On top of that, a number of benefits offered by the technology, such as the ability to detect outages and facilitation of real-time energy consumption patterns for end-users are anticipated to create traction for the market in coming years.

According to experts, the market size is bound to expand regardless of lack of capital investments for infrastructure installation. This is a safe assumption as the rising demand for energy is expected to propel the demand for advanced metering infrastructure in the coming years.

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Key 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.

Market Segmentation

The global Advanced Metering Infrastructure Market is segmented on the basis of device type, service, system, and region.

Smart Electric Meters to gain popularity on account of its benefits

The device type is segmented based on smart electric meters, smart water meters, smart gas meters, and advanced communication modules and others. The segment of smart electric meters is bound to expand at a high growth rate on account of its benefits, such as gaining first-class data, reduction in cost, allowing electrical appliances to be controlled and reduce carbon emission as well.

System Integration to gain traction in coming years

The service segment comprises of system integration, meter deployment, AMI management, AMI consulting and others. The system integration market is anticipated to gain significant traction during the forecast timeframe due to the surging demand from organizations to increase the efficiency of their existing systems. The system also creates a smooth coordinated system, triggering a number of organizations to adopt these services.

Meter Data Management (MDM) solutions segment is projected to observe the most promising growth

The system type is segmented into meter data analytics, meter data management, communication infrastructure and AMI security and others. The MDM solutions segment is anticipated to grow at the highest growth rate owing to the large amount of data generated and being crucial for the user. AMI services enable smarter and coordinated decision-making by mitigating the risks of the AMI infrastructure by using efficient tools and techniques.

Regional Outlook

The regional analysis of the global market is segmented into North America, Europe, Asia Pacific (APAC), and rest of the world.

North America grabs maximum market share

North America is presumed to have captured the largest market share and would lead the AMI market from 2017 to 2023. The burgeoning market size is the result of growing demand for energy forcing utilities to upgrade the electric and distribution network. In addition, the financial soundness of companies also allows them to invest heavily in the leading tools and technologies for effective energy consumption in the region. Further, Latin America offers promising growth opportunities on account of large-scale infrastructure development.

The advanced metering infrastructure market in Europe enjoys massive demand owing to the increasing adoption of smart grid technology.  The United Kingdom has been one of the forerunners when it comes to promoting the adoption of integrated solutions for smart metering. Moreover, this technology helps the borough residents take complete control of resources through AMIs, proving to be instrumental in driving the adoption rate of AMIs in the region.

APAC is projected to surge at the highest CAGR on the back of preference for smart grids architecture, increasing need for energy management, several technology upgrades, and regulatory mandates. Plus, increasing consumer awareness about energy wastage will propel the adoption of advanced metering infrastructure in the region.

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Intended Audience

  • Advanced metering infrastructure companies
  • Advanced metering infrastructure providers
  • Technical universities
  • System integrators
  • Managed Security Service Providers
  • Professional service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

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