The Global Advanced Metering Infrastructure Market is anticipated to reach US$ 22.98 billion by the end of 2026 which means it will register a CAGR of 13.9% during the estimated period of 2021-2026.
The advanced metering infrastructure provides various services like head-end systems, meter data management systems, metering and communication systems and more. The advanced meter supports remote load meter, remote firmware upgrade, remote meter reading among other services.
Advanced metering infrastructure is a system of inter-related system of smart meters, data processing system and communication networks which helps in smoothing the two-way communication between clients and software companies. These advanced meters give a bigger vision into the usage of energy and enhances the control over the electrical grid. For the utility industry, these meters portray an indicative technology. Advanced meters have a potential of improved meter reading and collection of data.
Advanced metering infrastructure (AMI) is an integrated system of smart meters, communications networks, and data management systems that enables two-way communication between utilities and customers. Customer systems include in-home displays, home area networks, energy management systems, and other customer-side-of-the-meter equipment that enable smart grid functions in residential, commercial, and industrial facilities.
Based on the Advanced Metering Infrastructure (AMI) market development status, competitive landscape and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks and comprehensive competitive strategy analysis in different fields of Manufacturing & Construction. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics and structure analysis of the downstream application fields are all analyzed in detail. To Boost Growth of Advanced Metering Infrastructure (AMI) during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
Top Key players in the Advanced Metering Infrastructure (AMI) Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Advanced Metering Infrastructure (AMI) Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Landis+Gyr, Itron, Alcara Technologies (GE Meter), Honeywell Elster, Xylem Inc, Siemens, EKA Systems (Eaton), Trilliant, CISCO SYSTEMS, INC., GENERAL ELECTRIC, SCHNEIDER ELECTRIC SE, INC., ELSTER GROUP GMBH, SENSUS, TIETO CORPORATION, COOPER INDUSTRIES, SILVER SPRING NETWORKS and others.
Due to rising urbanization, industrialization, and growing population, there is an increase in the generation of energy which is gaining demand in advanced metering infrastructure. This is one of the major factors that will be responsible for the growth of this advanced metering infrastructure market to a great extent. Also, the increasing demand for the establishment of smart cities and smart grid systems is another factor that will enhance the expansion of this industry during the forecast period. Lastly, the government of different countries is formulating many policies and making the replacement of old meters with the new smart meters mandatory. These policies also mandate the construction of smart grids systems in rural areas too which in turn will increase the demand for smart meters and propel the magnification of this advanced metering infrastructure market. There was the deployment of about 116 million smart meters globally in 2020 which is anticipated to be 450 million meters by 2028.
The shortage of interoperability standards in many countries is one of the major factors that may hamper the growth of this advanced metering infrastructure market. Secondly, the high cost of installation associated with these smart meters is another factor that may act as a barrier to the expansion of this market. In addition to these meters have to be maintained at regular intervals and the costs linked with the maintenance of these meters are very high which is one more element that may hinder the growth of this advanced metering infrastructure market. Lastly, insufficient financial incentives and requirements for improvement in customer service are other factors that may restrict the development of advanced metering infrastructure market.
Advanced Metering Infrastructure (AMI) Market is segmented based on the type, applications, companies and regions.
The report offers in-depth assessment of the growth and other aspects of the Advanced Metering Infrastructure (AMI) Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The U.S. Market is Estimated at $1.2 Billion, while China is forecasted to Reach $4.7 Billion by 2026.
Advanced Metering Infrastructure (AMI) market in the U.S. is estimated at US$1.2 Billion in the year 2021. China is forecasted to reach a projected market value of US$4.7 Billion by the year 2026, registering a CAGR of 11.0% over the forecast period. Among the other noteworthy geographic markets are Canada, Japan and Europe, each of which are forecasted to grow at 7.1% 6.3% and 7.3% respectively over the forecast period.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Advanced Metering Infrastructure (AMI) Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
The key insights of the report have been presented through the frameworks of Major Mergers & Acquisitions, Technological Innovations, and Role of Manufacturers during COVID19 Pandemic. Additionally, the major opportunities, trends, drivers and challenges of the industry has been analyzed in the report.
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.