Advanced Metering Infrastructure Market to Reach USD 24.68 Billion by 2027 | IBM Corporation, General Electric, Schneider Electric SE

The major factors prompting the market growth are the augmented requirement for energy worldwide and the escalating demand for smart grid and smart city infrastructure.

The global Advanced Metering Infrastructure Market is presumed to reach a market value of USD 24.68 Billion by 2027, according to the latest report published by Emergen Research. The significant factors bolstering market growth are rapid urbanization, augmenting industrialization, and the surging population growth. The escalating demand for smart grid and smart cities’ projects are anticipated to add traction to the growth of the Advanced Metering Infrastructure market.

However, the scarcity of government funds for infrastructure installations and the inadequacy of inter-operability standards across different areas are presumed to hamper the growth and expansion of the market over the forecast timeline.

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Key Highlights from the Report:
• The system integration segment is forecast to command the market in terms of market share attributable to service reliability, vital data gathering, cost-effectiveness, augmented better control and analysis, and improved real-time monitoring.
• The meter data management solution is presumed to lead the market through the projected timeline owing to the enhanced flexibility, simple configuration, and high extensibility of meter data management solutions.
• The residential sector is presumed to expand at the fastest rate due to the surging infiltration of smart electric meters. This can be accredited to the increased transparency offered by the smart electric meters compared to the traditional electric meters.
• North America is projected to register the fastest growth rate during the projected timeline on account of the increased incorporation of the IoT-based devices in numerous end-use applications such as gas, electricity, and water, majorly in Canada and the United States.
• Some of the prominent players operating in the market are IBM Corporation, General Electric, Schneider Electric SE, Elster Group Gmbh, Cisco Systems, Inc., Siemens AG, Itron, Inc., Eaton Corporation plc, Aclara Technologies LLC, and Landis+Gyr, among others.
• In 2018, Landis+Gyr and Pacific Equity Partners announced the acquisition of Acumen from Origin Energy Limited, the largest energy supplier of Australia. The acquisition formed a new company that was poised to deploy a large number of the 8 million smart meters across Western and South Australia.

For the purpose of this report, Emergen Research has segregated the Advanced Metering Infrastructure Market on the basis of type, service, solution, end-use, and region.

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Type Outlook (Revenue, USD Billion; 2017-2027)
• Smart Electric Meter
• Smart Water Meter
• Smart Gas Meter

Service Outlook (Revenue, USD Billion; 2017-2027)
• Meter Deployment
• System Integration
• Program Management and Consulting

Solution Outlook (Revenue, USD Billion; 2017-2027)
• Meter Communication Infrastructure
• Meter Data Analytics
• Meter Data Management
• Advanced Metering Infrastructure Security

End-Use Outlook (Revenue, USD Billion; 2017-2027)
• Residential
• Industrial
• Commercial

Regional Outlook (Revenue, USD Billion; 2017-2027)
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o BENELUX
o France
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o South Korea
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o Rest of MEA

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This release was published on openPR.