Advanced Metering Infrastructure (AMI) Market Sets New Record, Projected at USD 52.4 Billion By 2030 at 12.0% CAGR: AMR

Advanced Metering Infrastructure (AMI) Market Size

Advanced Metering Infrastructure (AMI) Market Detailed Analysis and Forecast up to 2030

PORTLAND, OREGON, UNITED STATES, November 21, 2023 /EINPresswire.com/ -- Regulatory mandates and legislative directives are being issued by government bodies all over the world addressing the development of smart grids and the deployment of smart meters. These government mandates are the primary drivers of the global advanced metering infrastructure market. Furthermore, the increase in energy consumption as well as the requirement for enhanced customer service and utility efficiency are driving the growth of the advanced metering infrastructure market. The global advanced metering infrastructure market size was valued at $17.1 billion in 2020 and is projected to reach $52.4 billion by 2030, growing at a CAGR of 12.0% from 2021 to 2030.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.alliedmarketresearch.com/request-sample/12457

Advanced metering infrastructure (AMI) is a communication architecture that allows a smart utility meter with an IP address to communicate with a utility provider in an automatic, two-way manner. AMI is seen as an important part of any smart grid initiative. The goal of an AMI is to offer utility companies with real-time data about power consumption and allow customers to make informed choices about energy usage based on the price at the time of use.

Recent advancements in the utility business are projected to open up the possibility of a wide range of collecting systems and water utilities. Utilities are anticipated to implement dynamic pricing schemes and demand response to shift or reduce energy use to non-peak hours driven by legal and environmental objectives to save resources. However, inadequate financial incentives for utilities and the need for improvement in customer service level may hamper advanced metering infrastructure market growth. These are some of the advanced metering infrastructure market trends observed globally.

The global advanced metering infrastructure market is segmented into product type, end-user, and region.

𝐆𝐞𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐲𝐨𝐮’𝐫𝐞 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐦𝐞𝐧𝐭𝐬: https://www.alliedmarketresearch.com/request-for-customization/12457

On the basis of type, the global advanced metering infrastructure market is segregated into smart metering devices (electricity, gas water), solutions (meter communication infrastructure and software), and services (system integration, deployment and program consulting).

On the basis of smart metering device, the electricity segment accounted for the largest share in 2020, while the water segment is projected to grow at the highest CAGR of 14.0%.

On the basis of solution, the software segment accounted for the largest share in 2020, and is projected to grow at the highest CAGR of 12.2%.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

The Advanced Metering Infrastructure (AMI) industry's key market players adopt various strategies such as product launch, product development, collaboration, and agreements to influence the market. It includes details about the key players in the market's strengths, product portfolio, market size and share analysis, operational results, and market positioning.

𝐒𝐨𝐦𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐤𝐞𝐲 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐝 𝐌𝐞𝐭𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐟𝐫𝐚𝐬𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞 (𝐀𝐌𝐈) 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐜𝐥𝐮𝐝𝐞,

SENSUS
EATON CORPORATION PLC.
Echelon Corporation
Itron Inc.
IBM Corporation
Landis+Gyr
Cisco Systems, Inc.
Dynosonic
SIEMENS ENERGY
GENERAL ELECTRIC

𝐏𝐫𝐞𝐬𝐬 𝐑𝐞𝐥𝐞𝐚𝐬𝐞: https://www.alliedmarketresearch.com/press-release/ami-metering-market.html

On the basis of services, the program consulting segment accounted for the largest share in 2020, while the System Integration segment is projected to grow at the highest CAGR of 15.50%. AMI communications networks are driven by the need for low-bandwidth, low-cost, delay-insensitive metering. Both the network and the communications module in each meter must be as low cost as possible. The early days of AMI witnessed narrow-band Power-Line-Communication (PLC) and RF-Mesh as the primary communication technologies driving AMI adoption.

End-user of advanced metering infrastructure includes residential, commercial, and industrial. The residential segment was the major share contributor in 2020; however, the industrial segment is projected to be the fastest growing segment at a CAGR of 13.3%. Government agencies and utilities are turning toward AMI systems as part of larger "smart grid" initiatives. For instance, the global power consumption is expected to rise by over 80% between 2012 and 2040, according to the International Energy Agency (IEA).

Region wise, the advanced metering infrastructure market is studied across North America, Europe, Asia-Pacific, and LAMEA. Europe garnered the largest share of the market in 2020, while the Asia-Pacific segment is projected to be the fastest growing segment at a CAGR of 13.1%.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: https://www.alliedmarketresearch.com/purchase-enquiry/12457

𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐝𝐲:

- On the basis of smart metering device, the electricity segment emerged as the global leader by acquiring more than 56.9% of the market share in 2020, and is anticipated to continue this trend during the forecast period.
- On the basis of solution, the software segment emerged as the global leader by acquiring more than 81.4% of the market share in 2020, and is anticipated to continue this trend during the forecast period.
- On the basis of service, the program consulting segment emerged as the global leader by acquiring more than 56.9% of the market share in 2020, and is anticipated to continue this trend during the forecast period.
- By end-user, the supplements segment accounted for 50.8% of the global advanced metering infrastructure market share in FY2020.
- Region wise, Europe is the major consumer of advanced metering infrastructure. It accounted for around 45.0% of the global market share in 2020.

𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐄𝐧𝐞𝐫𝐠𝐲 𝐚𝐧𝐝 𝐏𝐨𝐰𝐞𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

𝟏. 𝐒𝐦𝐚𝐫𝐭 𝐏𝐨𝐫𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/smart-ports-market-to-reach-15-5-billion-globally-by-2032-at-23-1-cagr-allied-market-research-301939015.html

𝟐. 𝐂𝐚𝐫𝐛𝐨𝐧 𝐂𝐫𝐞𝐝𝐢𝐭 𝐓𝐫𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.globenewswire.com/news-release/2023/08/18/2728086/0/en/Carbon-Credit-Trading-Platform-Market-to-Reach-556-8-million-Globally-by-2032-at-17-4-CAGR-Allied-Market-Research.html

𝟑. 𝐔𝐭𝐢𝐥𝐢𝐭𝐲 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.prnewswire.com/news-releases/utility-communications-market-to-garner-37-0-billion-globally-by-2032-at-5-7-cagr-allied-market-research-301893652.html

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Allied Market Research is a top provider of market intelligence that offers reports from leading technology publishers. Our in-depth market assessments in our research reports take into account significant technological advancements in the sector. In addition to other areas of expertise, AMR focuses on the analysis of high-tech systems and advanced production systems. We have a team of experts who compile thorough research reports and actively advise leading businesses to enhance their current procedures. Our experts have a wealth of knowledge on the topics they cover. Also, they use a variety of tools and techniques when gathering and analyzing data, including patented data sources.

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Allied Analytics LLP
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