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.
January 29, 2020:To combine Verizon’s managed connectivity LTE with Honeywell internet of things sensor for forming a smarter energy grid system. A partnership was formed between Honeywell and wireless carrier Verizon. The proper implementation of this project will fasten up and simplify the rollout of sensors, internet-connected hardware, and controllers on electrical grids.
July 16, 2021:To provide support technology for member engagement and grid management and update its advanced metering system, a partnership agreement was being entered into between piedmont electric and Landis+Gyr. The grid stream of the Landis Company was deployed with an RF mesh network and to ensure secure communication with advanced meters, budget for approx. 35000 meters was passed.
Jan 29.2020:Honeywell partnered with Wireless carrier Verizon to integrate Verizon's Managed Connectivity LTE with Honeywell Internet of Things (IoT) sensors to create a smarter energy grid. The project aims to ‘speed up and simplify the rollout of sensors, controllers, and other internet-connected hardware on electrical grids.
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.
DRIVERS
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.
RESTRAINTS
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.
By Type
Product Type Size Type Outlook
Solution Type Outlook
Service Type Outlook
By End User’s
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.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 13.9% during the review period (2022 to 2027). |
By Type | By Type
Product Type Size Type Outlook
Solution Type Outlook
Service Type Outlook
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By Application |
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By Companies | 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. |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 92 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Advanced Metering Infrastructure (AMI) Market is studied from 2017 - 2027.
What is the growth rate of Advanced Metering Infrastructure (AMI) Market?
The Advanced Metering Infrastructure (AMI) Market is growing at a CAGR of 13.9% over the next 5 years.
Who are the leading key players in Advanced Metering Infrastructure (AMI) Market?
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.
What regions do this Advanced Metering Infrastructure (AMI) Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What is the significant Types of Advanced Metering Infrastructure (AMI) Market?
Smart Meter, Collector, Head-end System, Meter Data Management Systems (MDMS), Communications Infrastructure, Neighborhood Area Network, Wide Area Network, Home Area Network
What is the significant Applications of Advanced Metering Infrastructure (AMI) Market?
Residential, Commercial, Industrial
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
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.
PRIMARY RESEARCH
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.
MARKET ENGINEERING
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.
EXPERT VALIDATION
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.
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