Advanced Metering Infrastructure Market Insights:
By 2030, the Advanced Metering Infrastructure Market Share is projected to be valued at USD 52.4 billion, growing at a compound annual growth rate of 3.54%.
The advanced metering infrastructure provides a variety of services, including head-end systems, metre data management services systems, metering & communication systems, and others. These cutting-edge metres support remote firmware upgrades, remote load limits, and remote metre readings.
The bidirectional connection between customers, software, and businesses is made easier by an interconnected system of communication networks, smart metres, and data processing systems. You can see more about how much energy is being used thanks to these metres. It gives the electrical grid more control. These smart metres represent ground-breaking technology for the utility sector. These smart metres have the potential to enhance data collection and metre reading.
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Advanced Metering Infrastructure Market Key Players:
Among others, the leading companies in the global advanced metering infrastructure market include-
- Cisco Systems, Inc. (U.S.)
- International Business Machines Corporation (U.S.)
- General Electric (U.S.)
- Schneider Electric SE (France)
- Itron, Inc.
- Aclara Technologies LLC
- Elster Group GmbH, Sensus (U.S.)
- Tieto Corporation (Finland)
- Trilliant, Inc. (U.S.)
- Silver Spring Networks (U.S.)
- Siemens AG.
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Advanced Metering Infrastructure Market Regional Analysis:
The Americas, Europe, Asia Pacific, and Rest of World are the regions that make up the global market for advanced metering infrastructure. The market for advanced metering infrastructure is dominated by North America. Due to rising demand from the gas utility, electricity, water, and other sectors, which is driving the market growth of advanced metering infrastructure in these regions, the advanced metering infrastructure market is experiencing high growth. Due to the widespread use of smart gas metres in this region and the rising demand for gas-based power generation, Europe is anticipated to hold the second-largest share of the market for advanced metering infrastructure during the forecast period. In the upcoming years, Asia Pacific is anticipated to have the highest CAGR.
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Advanced Metering Infrastructure Market Segmentation:
Device type, service, system, and region are the segments used to categorise the global advanced metering infrastructure market Smart water metres, smart gas metres, advanced communication modules, and other devices are included in the device type division. System integration, metre deployment, AMI management, AMI consulting, and other categories make up the service segment. The system segment is further divided into the following sub-segments: communication infrastructure, AMI security, analytics and management of metre data, and others.
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