Advanced Metering Infrastructure Market Worldwide Industry Growth, Segmented by Product, Top Manufacturers and Forecast to 2028

"Advanced Metering Infrastructure Market Forecast to 2028 - Covid-19 Impact and Global Analysis - by Device (Smart Meters, Communication Infrastructure, Home Area Networks (HANS), In-home Display Units); Solution (MDM, Meter Data Analytics, AMI Security Meter, Communication Infrastructure); Service (System Integration, Meter Deployment, Program Management and Consulting) and Geography"

An advanced metering infrastructure (AMI) is an integrated and holistic system comprising of smart meters, data management systems, and communication networks that ensures efficient two-way communication between utilities and a smart utility meter. An AMI system empowers the utility companies with real-time data about power consumption, and thereby allow customers to make informed decisions about their energy usage. The advanced metering infrastructure system is anticipated to gain huge popularity globally owing to various advantages it offers to its customers.

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Companies Profiled in this report includes: Black & Veatch, Eaton Corporation, Echelon Corporation, Elster Group GmbH (Honeywell International Inc.), General Electric, IBM Corporation, Itron Inc., Landis+Gyr Group AG, Schneider Electric SE, Sensu Usd Inc.

MARKET DYNAMICS

Rising urbanization and industrialization leading to rise in the energy consumption demand coupled with government mandates on regulating energy consumption in various countries are anticipated to boost the growth of advanced metering infrastructure market exponentially. However, lack of standardization and limited interoperability among different utility companies are considered to be the major hindrances in the adoption of the advanced metering infrastructures. Smart city initiatives coupled with digitalization of the energy and utility sector in various developing economies like India and China is anticipated to further provide good opportunities to the players operating in the advanced metering infrastructure market.

MARKET SEGMENTATION

The global advanced metering infrastructure market is segmented on the basis of device, solution, and service. On the basis of device, the advanced metering infrastructure market is segmented into smart meters, communication infrastructure, Home Area Networks (HANS), and In-home display units. The advanced metering infrastructure market on the basis of the solution is classified into MDM, Meter Data Analytics, AMI security, and meter communication infrastructure. Based on service, the advanced metering infrastructure market is segmented into system integration, meter deployment, program management and consulting.

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REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced metering infrastructure market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The advanced metering infrastructure market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of eighteen countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the advanced metering infrastructure market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the advanced metering infrastructure market in these regions.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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