Advanced Metering Infrastructure Market-Overview
The upswing in the implementation of smart grid communication is estimated to guide the advanced metering infrastructure market 2020. The semiconductors and electronics reports are made by Market Research Future, which includes market options for progress. A USD 9 billion income is foreseen for the market by 2023 with a CAGR of 14%.
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The initiatives being undertaken by the utilities and energy retailers to advance energy efficiency is estimated to transform the advanced metering infrastructure industry. Moreover, the upsurge in energy generation, especially is developed countries is predicted to spur the advanced metering infrastructure market positively in the course of the forecast period.
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.
Segmental Analysis
The segmental study of the advanced metering infrastructure market is conducted on the basis of service, system, device type, and region. Based on the service, the advanced metering infrastructure market is segmented into meter deployment, AMI management, system integration, AMI consulting and others. Based on the regions, the advanced metering infrastructure market is segmented into Europe, North America, Asia Pacific, and other vital regional markets. The device type based segmentation of the advanced metering infrastructure market is segmented into smart gas meters, smart electric meters, smart water meters, and advanced communication modules. Based on the system, the advanced metering infrastructure market is segmented into meter data management, communication infrastructure, meter data analytics, and AMI security and others.
Detailed Regional Analysis
The regional investigation of advanced metering infrastructure market includes Europe, North America, Asia Pacific, and other vital regional markets. The advanced metering infrastructure market in the North American region is one of the foremost regions in terms of market share. The regional market of the North America has a huge demand base which is boosting the market development to a huge extent. The European advanced metering infrastructure market is anticipated to observe a speedy growth in the forthcoming period. During the forecast period, the European advanced metering infrastructure is estimated to display a mounting demand for gas-based power generation by the enormous implementation of smart gas meters in these regions. However, Asia Pacific countries such as, Japan, and India are emerging in the advanced metering infrastructure market, which is anticipated to mature at the uppermost CAGR in the approaching years.
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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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