Press release
Role Of Advanced Metering Infrastructure In Meeting Rising Power Demand In Urbanizing Nations: A Key Factor Shaping the Future of the Advanced Metering Infrastructure Market in 2025
Advanced Metering Infrastructure Market
The escalating need for electricity in nations that are undergoing rapid urbanization is projected to drive the expansion of the advanced metering infrastructure market in the future. The heightened demand for energy in these fast-developing countries arises from the quickening pace of urban migration from rural locales, propelled by urbanization, industrialization, infrastructure evolution, and government strategies. Advanced metering infrastructure is vital in managing the growing power demand in these nations, encouraging energy conservation, decreasing peak demand, and improving the overall dependability and sustainability of the power grid. Advanced metering infrastructure offers electric utility companies the ability to gather accurate data on energy usage, automate meter readings, and collect additional data, providing insights into patterns of energy consumption. For example, a 2022 report from the International Energy Agency (IEA), an intergovernmental organization based in France, forecasts that global energy investment is on track to increase by over 8% in 2022 compared to 2021, totaling $2.4 trillion. Hence, the escalating need for power in urbanizing nations is fueling the expansion of the advanced metering infrastructure market.
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What growth opportunities are expected to drive the advanced metering infrastructure market's CAGR through 2034?
The market size of the advanced metering infrastructure has expanded significantly over the past years. It's projected to increase from $19.07 billion in 2024 to $22.32 billion in 2025, with a compound annual growth rate (CAGR) of 17.0%. The considerable growth in the historic period can be linked to accelerated urbanization, escalating energy demand, regulatory mandates for energy efficiency, application in lowering emissions, and improved operational efficiency for utility companies.
The market for advanced metering infrastructure is predicted to witness substantial expansion in the upcoming years, soaring to a value of $41.35 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 16.7%. The significant growth during the forecast period is largely due to factors such as higher demand for intelligent electric meters, rising power needs, policy changes by governments, energy loss minimisation, and insights into real-time energy usage available to consumers. Key trends expected during this period involve the implementation of comprehensive advanced metering infrastructure solutions, a shift towards eco-friendly energy sources, the transition from Automated Meter Reading (AMR) to Advanced Metering Infrastructure (AMI) to enhance operations efficiency, incorporation of smart grid technologies, and the rise in the adoption of pre-payment solutions.
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What are the emerging trends shaping the future of the advanced metering infrastructure market?
Firms at the forefront of the advanced metering infrastructure market are introducing novel products that take advantage of sophisticated features like secure data encryption and the ability to manage remotely. These attributes are integral to advanced metering infrastructure systems, guarding against cyber attacks, ensuring adherence to regulations, and facilitating efficient remote operation and servicing. For example, in May 2023, the American conglomerate corporation, Honeywell International Inc., introduced its Next Generation Cellular Module (NXCM), a revolutionary technology that transforms ordinary gas and water meters into smart meters without the need for extra infrastructure. This enables meters to connect wirelessly via public cellular networks already existing, amplifying utility providers' and customers' monitoring, safety, and analytical capabilities. This module aims to update meter networks while keeping costs low, thereby generating a more intelligent network without the need to replace the present one. The NXCM offers a versatile and expandable solution for utility providers of all sizes, using advanced authentication methods and AES-128 encryption for secure data transmission, ensuring that utility companies conform to metering and data management regulatory standards.
Which growth-oriented segments of the advanced metering infrastructure market are leading the industry's development?
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
Subsegments:
1) By Solution: Hardware, Software
2) By Services: Installation And Deployment Services, Maintenance And Support Services, Consulting Services
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What regions are leading the charge in the advanced metering infrastructure market?
Asia-Pacific was the largest region in the advanced metering infrastructure market in 2024. 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.
What companies are at the forefront of innovation in the advanced metering infrastructure market?
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
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What Is Covered In The Advanced Metering Infrastructure Global Market Report?
• Market Size Forecast: Examine the advanced metering infrastructure market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the advanced metering infrastructure market for a structured understanding.
• Key Players Overview: Analyze major players in the advanced metering infrastructure market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the advanced metering infrastructure market.
• Segment Contributions: Evaluate how different segments drive overall growth in the advanced metering infrastructure market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the advanced metering infrastructure market.
• Industry Challenges: Identify potential risks and obstacles affecting the advanced metering infrastructure market.
• Competitive Landscape: Review strategic developments in the advanced metering infrastructure market, including expansions, agreements, and new product launches.
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