Categories: Market Research

Advanced Metering Infrastructure Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033

Overview and Scope
Advanced metering infrastructure (AMI) refers to a system that integrates smart meters, communication networks, and data management systems to enable two-way communication between utilities and customers’ meters. This infrastructure allows for remote monitoring and management of energy usage, providing utilities with real-time data on energy consumption, outage detection, and load management.

Sizing and Forecast
The advanced metering infrastructure market size has grown rapidly in recent years. It will grow from $16.37 billion in 2023 to $19.07 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to rapid urbanization, increasing energy demand, regulatory mandates for energy efficiency, use in emissions reduction, enhanced operational efficiency for utility companies.

The advanced metering infrastructure market size is expected to see rapid growth in the next few years. It will grow to $35.43 billion in 2028 at a compound annual growth rate (CAGR) of 16.7%. The growth in the forecast period can be attributed to rising demand for smart electric meters, increasing demand for power, changing regulations by governments, reduction of energy losses, real-time energy usage insights for consumers. Major trends in the forecast period include deployment of end-to-end advanced metering infrastructure solutions, shift towards renewable energy sources, transition from AMR (Automated meter reading) to AMI (advanced metering infrastructure) to streamline operations, integration of smart grid technologies, adoption of prepayment solutions.

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The advanced metering infrastructure market covered in this report is segmented –

1) By Type: Solution, Services
2) By Meter Type: Water Meter, Electricity Meter, Gas Meter, Heat Meter
3) By Connectivity: Wired, Wireless
4) By End-User: Residential, Commercial, Industrial

Asia-Pacific was the largest region in the advanced metering infrastructure market in 2023. It is expected to be the fastest growing region in the market. The regions covered in the advanced metering infrastructure market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Increasing demand for power in urbanizing nations is expected to propel the growth of the advanced metering infrastructure market going forward. The demand for power in urbanizing nations refers to the increasing need for energy resources in countries that are experiencing rapid urbanization as more people move from rural areas to cities. The demand for power in urbanizing nations is driven by factors such as urbanization, industrialization, infrastructure development, and government initiatives. Advanced metering infrastructure plays a crucial role in managing the increasing demand for power in urbanizing nations by promoting energy efficiency, reducing peak demand, and enhancing the overall reliability and sustainability of the electricity grid. AMI enables electric utility providers to acquire precise information on energy usage, automate meter readings, and collect more data by providing insights into energy consumption trends. For instance, in January 2024, according to Exxon Mobil Corporation, a US-based oil and gas corporation, transportation-related energy demand is expected to grow by more than 30% from 2021 to 2050. Furthermore, in 2022, according to a report by the International Energy Agency (IEA), a France-based intergovernmental organization, world energy investment is set to rise over 8% in 2022 against 2021 to reach a total of $2.4 trillion. Therefore, the increasing demand for power in urbanizing nations is driving the growth of the advanced metering infrastructure market.

Key Industry Players
Major companies operating in the advanced metering infrastructure market are Hitachi Energy Ltd., Siemens AG, General Electric Company , Cisco Systems Inc., Mitsubishi Electric Corporation, Schneider Electric SE, ABB Ltd., Toshiba Corporation, Eaton Corporation plc, Alstom SA, Delta Electronics Inc., Renesas Electronics Corporation, Wabtec Corporation, Diehl Stiftung & Co. KG, Sagemcom SAS, Tietoevry Corporation, Itron Inc., Landis+Gyr AG, Holley Technology Ltd., CRRC Corporation Limited, Aclara Technologies LLC, Kamstrup A/S, Genus Power Infrastructures Ltd., ZENNER International GmbH & Co. KG, Sensus

The advanced metering infrastructure market report table of contents includes:

1. Executive Summary

2. Advanced Metering Infrastructure Market Characteristics

3. Advanced Metering Infrastructure Market Trends And Strategies

4. Advanced Metering Infrastructure Market – Macro Economic Scenario

5. Global Advanced Metering Infrastructure Market Size and Growth
………..

32. Global Advanced Metering Infrastructure Market Competitive Benchmarking

33. Global Advanced Metering Infrastructure Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Advanced Metering Infrastructure Market

35. Advanced Metering Infrastructure Market Future Outlook and Potential Analysis

36. Appendix

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