The new report by Expert Market Research titled, ‘Global Advanced Metering Infrastructure Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global advanced metering infrastructure market, assessing the market based on its segments like types, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2021): More than USD 10.3 billion
- Forecast CAGR (2022-2027): 2%
- Forecast Market Size (2027): Over USD 22.8 billion
The creation of integrated and IT-enabled power grid, as well as additional support software for pattern analysis delivers substantial benefits to the user. This type of grid, known as a “smart grid,” encourages the growth of dispersed production, reduces costs, promotes energy efficiency, and enhances the overall stability and security of the production, transmission, and distribution system. These factors are expected to expand the market for advanced metering infrastructure to boost the efficiency in the grid-based technology. Additionally, the rapid industrialisation across end use sectors is expected to further bolster the demand for advanced metering infrastructure.
Industry Definition and Major Segments
AMI (Advanced Metering Infrastructure) is the collective term for the whole infrastructure, from Smart Meters to two-way communication networks to control center equipment and all the applications that enable the collection and transfer of information regarding energy use in real-time.
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The major types of advanced metering infrastructure are:
- Smart Meters
- Meter Communication Infrastructure
- Data Management
- Services
On the basis of end use, the market can be broadly categorised into:
- Residential
- Commercial
- Industrial
The regional markets for advanced metering infrastructure include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
The growing expansion and modernisation activities and the decentralisation of power infrastructure for increased resilience are leading to increased organisational investments, which is expected to aid the market growth. The need for grid modernisation, as well as positive steps taken by the authorities in the utility sector worldwide to replace traditional electronic meters with improved smart meters capable of providing improved meter reading and data collection, are the prominent factors facilitating the growth of the advanced metering infrastructure industry. Furthermore, the introduction of dynamic pricing systems and demand response programmes are expected to provide motivation for the adoption of smart meters.
Key Market Players
The major players in the market are Itron Inc., IBM Corporation, Landis+Gyr, Sensus Solutions, and Siemens AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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