Global Advanced Metering Infrastructure (AMI) Market, By Devices (Smart Gas Meters, Smart Water Meters, Smart Electric Meters), Services (System Integration, Meter Deployment, Program Management, Consulting), Solutions (Meter Data Management, Meter Data Analytics, Advanced Metering Infrastructure Security, Meter Communication Infrastructure) - Industry Trends and Forecast to 2030.
Advanced Metering Infrastructure (AMI) Market Analysis and Size
Advanced metering infrastructure (AMI) is basically an integrated system of smart meters, data management systems and communications networks that generally allows utilities and consumers to communicate in two directions. The technology makes it feasible to do several crucial tasks that were either impossible or required manual labor in the past, including monitoring voltage, connecting and disconnecting services, detecting tampering, and automatically and remotely measuring electricity use.
Data Bridge Market Research analyzes that the advanced metering infrastructure (AMI) market which was U.S.D 23.83 billion in 2022, is expected to reach U.S.D 54.37 billion by 2030, and is expected to undergo a CAGR of 12.5% during the forecast period of 2023 to 2030. Devices segment is expected to dominate because of their ability to enhance energy efficiency and provide real-time data for utility companies.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in U.S.D Billion, Volumes in Units, Pricing in U.S.D
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Segments Covered
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By Devices (Smart Gas Meters, Smart Water Meters, Smart Electric Meters), Services (System Integration, Meter Deployment, Program Management, Consulting), Solutions (Meter Data Management, Meter Data Analytics, Advanced Metering Infrastructure Security, Meter Communication Infrastructure)
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Countries Covered
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U.S., Canada and Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America
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Market Players Covered
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General Electric (U.S.), Siemens (Germany), ABB (Switzerland), Emerson Electric Co. (U.S.), AVEVA Group plc (U.K.), Schneider Electric (France), Wipro Limited (India), IBM (U.S.), Robert Bosch GmbH (Germany), Etteplan Oyj (Finland), Fujitsu (Japan), Cisco Systems, Inc. (U.S.), IBM (U.S.), Siemens (Germany), Itron Inc., (U.S.), Oracle (U.S.), Fujitsu (Japan), Honeywell International Inc., (U.S.), Accenture (Ireland), SAP SE (Germany)
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Market Opportunities
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Market Definition
Advanced metering infrastructure (AMI) is basically an integrated system of smart meters, data management systems and communications networks that generally allows utilities and consumers to communicate in two directions. The technology makes it feasible to do several crucial tasks that were either impossible or required manual labor in the past, including monitoring voltage, connecting and disconnecting services, detecting tampering, and automatically and remotely measuring electricity use.
Global Advanced Metering Infrastructure (AMI) Market
Drivers
- Cyber Numerous Benefits of Advanced Metering Infrastructure (AMI)
The advanced metering infrastructure provides a variety of services, including head-end systems, meter data management services systems, metering and communication systems, and others which has largely created the demand for the advanced metering infrastructure (AMI) market. Moreover, the cutting-edge meters offer remote firmware upgrades, remote load limits, and remote meter readings. The bidirectional connection between customers, software, and businesses is made easier by an interconnected system of communication networks, smart meters, and data processing systems. It gives the electrical grid more control. These smart meters represent ground-breaking technologies for the utility sector, as they have the ability to enhance data collection and meter reading. These beneficial uses of the advanced metering infrastructure (AMI) will further accelerate the market growth over the forecast period.
- Supportive Government Regulations
Around the world, many countries are creating legal and regulatory requirements for installing smart grids and smart meters. For instance, the European Union has planned that by 2021, sophisticated metering infrastructure would replace 80% of traditional electricity meters. The Tokyo Electric Power Company (TEPCO) also has ambitions to install 27 million electric smart meters in Japan and develop an integrated platform for energy management that will link to smart devices in households and businesses. During the projected period, this element is probably what will propel the global market for advanced metering infrastructure.
Opportunities
- High Adoption Of Smart Meters
The high adoption of smart meters is estimated to generate lucrative opportunities for the market, which will further expand the advanced metering infrastructure (AMI) market's growth rate in the future. The adoption of smart meter technology is being studied, and several smart meter manufacturers are working to develop a standardized design that complies with international laws in order to increase its marketability.
- Increasing Trend Of Digitalization
The increasing trend of digitalization further offers numerous growth opportunities within the market. The use of smart gadgets, which are based on IOT, also grows as smart home technology is used more widely. Therefore, it is anticipated that rising energy consumption, which is a good result of digitalization, will fuel market expansion.
Restraints/Challenges
- High Overall Cost
The advanced metering infrastructure (AMI) is very expensive which further derail the overall market’s growth. Moreover, the high cost of installation associated with these smart meters also further add up to the overall costs. In addition, these meters must be serviced on a regular basis at very high costs, which is another factor that could restrain the development of the market for advanced metering infrastructure. Finally, insufficient financial incentives and the need for better customer service are additional reasons that could impede the growth of the market for advanced metering infrastructure. Therefore, the high costs required for these meters is expected to obstruct market growth over the forecast period.
- Lack of Technical Expertise
The lack of skilled workers or technological know-how, particularly in developing and underdeveloped economies, will further impede the market's growth rate. Therefore, it is anticipated that the dearth of technical expertise will pose as a significant challenge for the advanced metering infrastructure (AMI) market over the forecast period.
This advanced metering infrastructure (AMI) market, report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the advanced metering infrastructure (AMI) market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In June 2020, A collaboration contract was being signed between Piedmont Electric and Landis+Gyr to modernise its advanced metering system, provide support technology for member engagement and grid management, and do so. An RF mesh network was installed in the Landis Company's grid stream in order to provide secure connection with modern metres. A distance of 35000 metres was covered. On the current power lines, these new metres will take the place of the old ones, which will assist control the load, increase reliability, and offer flexible billing options
- In May 2021, Verizon's managed connectivity LTE must be combined with internet of things sensors from Honeywell to create a smarter energy grid system. Honeywell and telecom provider Verizon have partnered. The effective implementation of this project will accelerate and simplify the deployment of controllers, internet-connected hardware, and sensors on electrical grids
- In March 2021, Muller Systems and the county water agency of the cadaver were forming a collaboration to install the sophisticated metering infrastructure network. With 14000 AMI points, our alliance will span a vast area of 1000 square miles. This project would replace the majority of the metres in this area while also improving all of the metres' communication capabilities. On the other hand, the CALAVERAS county water districts offer water services to more than 14000 commercial and residential users spread across 7 service zones across the nation
Global Advanced Metering Infrastructure (AMI) Market Scope
The advanced metering infrastructure (AMI) market is segmented on the basis of devices, services and solution. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the Users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Devices
- Smart Gas Meters
- Smart Water Meters
- Smart Electric Meters
Services
- System Integration
- Meter Deployment
- Program Management and Consulting
Solutions
- Meter Data Management
- Meter Data Analytics
- Advanced Metering Infrastructure Security
- Meter Communication Infrastructure
Global Advanced Metering Infrastructure (AMI) Market Regional Analysis/Insights
The advanced metering infrastructure (AMI) market is analysed and market size insights and trends are provided by country, devices, services and solution as referenced above.
The countries covered in the advanced metering infrastructure (AMI) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America
North America is expected to dominate the advanced metering infrastructure (AMI) market due to its advanced technological infrastructure and high adoption of smart city initiatives, strong presence of major players in the market and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to of rapid urbanization, increasing infrastructure development, and the adoption of advanced technologies in countries such as China, Japan, and India. In addition, the region's expanding automotive and consumer electronics industries contribute to the growing demand for infrared LED lighting solutions. Furthermore, favourable government initiatives and investments in smart city projects further drive the market growth in the Asia-Pacific region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers Used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Advanced Metering Infrastructure (AMI) Market Share Analysis
The advanced metering infrastructure (AMI) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to advanced metering infrastructure (AMI) market.
Some of the major players operating in the advanced metering infrastructure (AMI) market are:
- General Electric (U.S.)
- Siemens (Germany)
- ABB (Switzerland)
- Emerson Electric Co. (U.S.)
- AVEVA Group plc (U.K.)
- Schneider Electric (France)
- Wipro Limited (India)
- IBM (U.S.)
- Robert Bosch GmbH (Germany)
- Etteplan Oyj (Finland)
- Fujitsu (Japan)
- Cisco Systems, Inc. (U.S.)
- IBM (U.S.)
- Siemens (Germany)
- Itron Inc., (U.S.)
- Oracle (U.S.)
- Fujitsu (Japan)
- Honeywell International Inc., (U.S.)
- Accenture (Ireland)
- SAP SE (Germany)
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