Global Advanced Metering Infrastructure Market is valued approximately USD 6.8 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 15.50% over the forecast period 2019-2026. Advanced metering infrastructure (AMI) is an assimilated formation of communications networks, smart meters, and data management systems that allows two-way communication among customers and utilities. Deployment of advanced metering infrastructure solutions permits energy utilities to line up with energy shortages, revenue protection, customer service improvement and load management. With the rising energy needs in emerging economies and utility efficiency, the requirement for advanced metering infrastructure services and solutions has grown immensely across all nations. Rise in global energy demand coupled with government regulations and legislative mandates are key driving factors of market growth. Further, incorporation of advanced metering infrastructure with smart appliances coupled with advanced metering infrastructure for water utilities is expected to create significant growth opportunity in the market over the forecast period. However, inadequate financial incentives for utilities and interoperability and standard interface impedes the growth of the market over the forecast period of 2019-2026.
The regional analysis of global Advanced Metering Infrastructure market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to large scale incorporation of smart electricity meters. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as development of an integrated and IT enabled power grid would create lucrative growth prospects for the Advanced Metering Infrastructure market across Asia-Pacific region.
Major market player included in this report are:
Cisco Systems, Inc.
General Electric Corporation
Schneider Electric SE
Aclara Technologies LLC.
Elster Group GmbH
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Meter Data Management
Meter Data Analytics
Advanced Metering Infrastructure Security
Meter Communication Infrastructure
Program Management and Consulting
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Advanced Metering Infrastructure Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers