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. Advanced metering infrastructure (AMI) is an integrated system of smart meters, communications networks, and data management systems that allows utilities and consumers to communicate in two directions. The system provides a number of important functions that were not previously possible or had to be performed manually, such as the ability to automatically and remotely measure electricity use, connect & disconnect service, detect tampering, identify & isolate outages, and monitor voltage.
The growth of the global Advanced Metering Infrastructure Market is driven by increase in penetration of Internet of Things (IoT). In addition, the demand for AMI communications networks is projected to increase considerably in the coming future, owing to rise in requirement for low-bandwidth, low-cost, and delay-insensitive metering. Both of the meter’s network and communications module must be as inexpensive as feasible. Narrow-band power-line-communication (PLC) and RF-Mesh are the major communication technologies driving AMI adoption in the early days. Newer technologies such as broadband PLC and low-power wide-area networks (LPWAN) are gaining high traction in the market, as communication technology has developed. These are some of the advanced metering infrastructure market trends observed globally.
Major players operating in the global advanced metering infrastructure industry are Itron, Eaton Corporation, Echelon Corporation, Siemens AG, Dynosonic, General Electric, Cisco Systems, Inc., IBM Corporation, Schneider Electric SE, and Sensus.
Download Sample Report:
https://www.alliedmarketresearch.com/request-sample/12457
The global advanced metering infrastructure (AMI) market is segmented into product type, end-user, and region. On the basis of product type, the market is segregated into smart metering devices (electricity, gas water), solutions (meter communication infrastructure and software), and services (system integration, deployment and program consulting). The end-users covered in the study include residential, commercial, and industrial. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
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%. Smart meters represent a transformative technology for the utility sector. These technologically advanced meters provide greater insight into the usage of energy. Smart meters have been used in the construction of advanced metering infrastructure programs all around the world.
The software segment accounted for the largest share in 2020, and is projected to grow at the highest CAGR of 12.2%. The development of an integrated and IT-enabled power grid and other support software to analyze the patterns provides significant benefits to users.
For Report Customization:
https://www.alliedmarketresearch.com/request-for-customization/12457
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 15.5%. 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.
The residential segment was the major share contributor in 2020. 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).
The Europe region is home to the world’s largest working population, which necessitates a sustainable infrastructure. Government organizations across the Europe are issuing regulatory mandates and legislative directives regarding construction of smart grids as well as deployment of smart meters. For instance, the European Union mandate aims to replace 80% of all the traditional power meters with advanced metering infrastructure, by 2020.
For Purchase Enquiry:
https://www.alliedmarketresearch.com/purchase-enquiry/12457
Key Benefits For Stakeholders
- The report provides in-depth analysis of the global advanced metering infrastructure market along with the current trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global advanced metering infrastructure (AMI) market for strategy building.
- A comprehensive advanced metering infrastructure market analysis covers the factors that drive and restrain the global market growth.
- The qualitative data about market dynamics, trends, and developments is provided in the report.
Impact of COVID-19 on the global advanced metering infrastructure market
- The COVID-19 pandemic has positively influenced the advanced metering infrastructure market growth, as the energy & utility sector are considered essential services that have forced the sector to rethink how their operations are performed and how they engage with both their staff and their customers..
- However, the pandemic impacted commercial and industrial job sites, causing load patterns to shift, as well as utilities’ important role in society’s power supply.. It has since become every utility’s struggle to ensure that uninterrupted operation and delivery continue while adhering to the necessary social distancing guidelines required safeguarding employees and customers.
- Due to the COVID-19 pandemic, transport limitations were implemented, resulting in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacting market growth.
- Companies are not earning any profit as a result of halt in operations. Not only the companies are losing money but they are also losing suppliers who are providing the required materials to various companies to be used in construction sector.
- Furthermore, due to social distancing norms during COVID-19, the manufacturing companies are working with limited workforce, thus negatively impacting the production and construction processes.
Thanks for reading this article; you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements. Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Similar Report :
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Wi
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300n Sivers Drive
#205, Portland, OR 97220
United States
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter