Advanced Metering Infrastructure (AMI) Market Share: Global Industry Trends, Growth, Size, Segmentation, Future Demands, Latest Innovation, Forecast to 2027

Market Intelligence Data has released a new report on the global “Advanced Metering Infrastructure (AMI) market”. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical results and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Advanced Metering Infrastructure (AMI) market industry and its framework. This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the Advanced Metering Infrastructure (AMI) market within the upcoming years.

The Global Advanced Metering Infrastructure (AMI) Market Size is Projected to Reach at a CAGR of 14% during 2021-2027.

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Market Overview

The development of an integrated and IT-enabled power grid and other support software to analyze the patterns provides significant benefits to the user. Such a grid, known as a ‘smart grid,’ supports the expansion of distributed production, lowers costs, promotes energy efficiency, and improves both the reliability and security of the entire production, transmission and distribution system. AMI is a vital part of any smart grid initiative. Government agencies and utilities are turning toward AMI systems as part of larger "smart grid" initiatives. For instance, according to the International Energy Agency (IEA), the global electricity demand is anticipated to increase by nearly 80% between 2012 & 2040.
The COVID-19 outbreak has positively impacted the market growth, as the Energy and Utility sectors are considered essential services that have forced the sector to rethink how their operations are performed and how they engage with both their staff and their customers. But as the pandemic affected commercial and industrial job sites and load patterns shifted, utilities' critical role in powering society has also changed. It has since become every utility's struggle to ensure that uninterrupted operation and delivery continue while taking care to adhere to the necessary social distancing guidelines required to safeguard its employees and customers.

Industry top players are:

Landis+Gyr, Itron, Alcara Technologies (GE Meter), Itron, Honeywell Elster, Xylem Inc, Siemens, EKA Systems (Eaton), Trilliant

Recent Development:

May 2021 - Honeywell partnered with Wireless carrier Verizon to integrate Verizon's Managed Connectivity LTE with Honeywell Internet of Things (IoT) sensors to create a smarter energy grid. The project aims to ‘speed up and simplify the rollout of sensors, controllers, and other internet-connected hardware on electrical grids.
April 2021 - Aclara Technologies LLC announced that Austin Utilities would implement an end-to-end advanced metering infrastructure solution based on the Aclara RF network to serve its electric, gas and water customers. The point-to-multipoint AMI network replaces a manual meter-reading system and supports 12,000 electric, 9,500 water, and 11,000 gas meters for the combination utility.
December 2020 - Trilliant launched the Libra Series Edge-Ready Smart Electric Meter for residential, commercial, and industrial applications. The meter is purpose-built to allow for multiple communications technologies to be supported simultaneously, including a combination of RF mesh, LPWAN, cellular, and others. Trilliant’s Libra metering solution includes a dual-band network that offers flexibility in the AMI 2.0 upgrade path, including full backward support for existing systems and in-home connectivity required to support the new energy marketplace.

Advanced Metering Infrastructure (AMI) Market Segmentation by Type:

Smart Meter
Communications Infrastructure
Meter Data Management Systems (MDMS)

Advanced Metering Infrastructure (AMI) Market Segmentation by Application:

Residential
Commercial
Industrial
North America Region is Expected to Grow at Significant Pace
North America is expected to hold a prominent share in the Advanced Metering Infrastructure (AMI) Market due to the rapid adoption of smart metering in the region. Favourable government initiatives and growing government investments towards the deployment of smart meters by 2020 are significant factors driving the growth of the market.
United States is the key player in the region with the largest driver of the smart meters market in conjunction with the deployment of smart meter infrastructure through the American Recovery and Reinvestment Act (ARRA), which included funding for the Smart Grid Investment Grant (SGIG) program.
In the United States, the number of houses represents the market potential for utilities providing gas. As more new houses are built, a growing proportion of homes will have smart meters installed as AMI, which continues its widespread adoption. According to the Institute for Electric Innovation, by the end of2020, 107 million smart meters are estimated to have been installed in the United States. Moreover, According to EEI, close to 70% of US customers will have AMI by 2021.

Regional Advanced Metering Infrastructure (AMI) Market (Regional Output, Demand & Forecast by Countries)

North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And additional.

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Significant Features and Key Highlights of the Reports:

– Detailed overview of Advanced Metering Infrastructure (AMI) Market

– Changing market dynamics of the industry

– In-depth market segmentation by Type, Application etc.

– Historical, current and projected market size in terms of volume and value.

– Recent industry trends and developments

– Competitive landscape of Advanced Metering Infrastructure (AMI) Market

– Strategies of key players and product offerings

– Potential and niche segments/regions are exhibiting promising growth.

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The report gives answers to the following:

What strategies are followed by key players to fight this Covid-19 situation?
What are the essential matters drivers, opportunities, challenges, and dangers of the market will face surviving?
Which are the leading market players in the Advanced Metering Infrastructure (AMI) industry?
What is the global marketplace's predicted compound annual growth rate (CAGR) during the forecast period (2021-2027)?
What could be the Advanced Metering Infrastructure (AMI) marketplace's anticipated value during the forecast period?

Covid-19 Impact and Recovery Analysis:

The number one goal of this Advanced Metering Infrastructure (AMI) Market document is to provide Quantitative records withinside the form of charts and graphs. The information regarding market fundamentals is provided purely for the sake of readers. All the readers on the side of stakeholders will understand the market situations and business enterprise environment because it needs to be through this properly-planned Market analysis. It turns smooth to collect the effect of COVID-19 on the market boom through this Advanced Metering Infrastructure (AMI) market document.

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