Market Scenario
Companies such as market Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), General Electric (U.S.), Schneider Electric SE (France), are the leading providers of advanced metering infrastructure solution in the global market. The increasing adoption of smart grid communication that enables the utilities and energy retailers to improve energy efficiency, integrate renewable energy resources, bring down operating costs, and improves grid reliability, and others. The companies are investing in research and development of SCRUM methodology which is benefiting in smart electric and gas meters, communication hub and others. It supports remote meter data reading, remote firmware upgrade, remote load limiter, and others. The advanced metering infrastructure offers various services including advanced metering infrastructure, communication infrastructure, head end system, meter data management system, and others.
The increasing of energy generation which is gaining demand in the global advanced metering infrastructure market is due to the increasing urbanization, industrialization, and growing population which is propelling advanced metering infrastructure market growth to a large extent. The growing demand for the increasing smart city and smart grid initiatives are the driving factor for the growth of the advanced metering infrastructure market. The advanced metering infrastructure solution is benefiting by centralized meter reading which reduces operational costs, enabling more frequent meter reading, remote meter control, and others. With the advanced metering infrastructure, the companies are developing the software for the smart meter deployment that enables communication with the meters to collect data. Advanced metering infrastructure solution, helps in managing the outsourcing and reducing the risk for the utility of professional operation providers in an organization.
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The global advanced metering infrastructure market is expected to reach USD ~ 9 billion at a CAGR of over 14% by the end of the forecast period.
Key Players:
Some of the prominent players in the global advanced metering infrastructure market Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), General Electric (U.S.), Schneider Electric SE (France), Itron, Inc. (U.S.), Aclara Technologies LLC (U.S.), Elster Group GmbH (Germany), Sensus (U.S.), Tieto Corporation (Finland), Trilliant, Inc. (U.S.), Silver Spring Networks (U.S.), Siemens AG (Germany), Cooper Industries (U.S.) among others.
Global Advanced Metering Infrastructure Market Segmentation
The global advanced metering infrastructure market is segmented into device type, service, system, and region. The device type is segmented into smart electric meters, smart water meters, smart gas meters, and advanced communication modules and others. The service segment is sub-segmented into System integration, meter deployment, AMI management, AMI consulting and others. The system segment is sub-segmented into Meter data analytics, Meter data management, Communication infrastructure and AMI security and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.
Market Research Analysis
The global advanced metering infrastructure market is consists of the Americas, Europe, Asia Pacific, and Rest of world. North America is dominating the global advanced metering infrastructure market. The advanced metering infrastructure market is witnessing a high growth due to increasing demand from gas utility, electricity, water and other sector, which is propelling the market growth of advanced metering infrastructure in these region. Europe is projected to hold the second largest share of the advanced metering infrastructure market during the forecast period as the advanced metering infrastructure due to growing demand of gas based power generation by the huge adoption of smart gas meters in these region. Asia Pacific is expected to witness the highest CAGR in the coming years.
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Intended Audience
- Advanced metering infrastructure companies
- Advanced metering infrastructure providers
- Technical universities
- System integrators
- Managed Security Service Providers
- Professional service providers
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
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