2025-2034 Advanced Metering Infrastructure Market Roadmap: Insights for Competitive Advantage

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How Large Will the Advanced Metering Infrastructure Market Size By 2025?
In recent times, the market for advanced metering infrastructure has seen swift expansion. The predicted growth is substantial, from $19.07 billion in 2024 to a staggering $22.32 billion in 2025, representing a compound annual growth rate (CAGR) of 17.0%. Factors contributing to this growth during the historic period include rapid urbanization, rising energy demand, regulatory requirements for energy efficiency, employment in emissions reduction, and improved operational proficiency for utility firms.

How Big Is the Advanced Metering Infrastructure Market Size Expected to Grow by 2029?
Rapid expansion is anticipated in the advanced metering infrastructure market in the coming years, with a projection to reach $41.35 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 16.7%. The expected growth within the forecast period can be tied to the escalating demand for smart electric meters, augmented requirement for power, alterations in government regulations, minimising energy wastage, and provision of instant energy usage insights for consumers. Leading trends within the forecast span encompass implementation of comprehensive advanced metering infrastructure solutions, a shift towards renewable energy sources, transitioning from AMR (Automated meter reading) to AMI (advanced metering infrastructure) for more efficient operations, assimilation of smart grid technologies, and the adoption of prepayment solutions.

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Which Key Market Drivers Powering Advanced Metering Infrastructure Market Expansion and Growth?
The rise in power demands in nations undergoing urbanization is expected to fuel the advanced metering infrastructure market's expansion. The power needs in urbanizing countries arise due to the shift of populations from rural to urban settings, which necessitates more energy resources. This spike in power demand is impelled by factors such as urbanization, industrialization, infrastructure growth and governmental schemes. Advanced metering infrastructure plays a pivotal role in curbing this escalating power demand by fostering energy efficiency, mitigating peak demand, and improving the electricity grid's overall reliability and sustainability. AMI facilitates electricity providers to gather accurate data on energy usage, automatize meter readings, and gather more information by offering insights into energy utilization trends. For example, a report by the International Energy Agency (IEA), a France-based intergovernmental organization, stated that global energy investments will grow over 8% in 2022 against 2021, amounting to a total of $2.4 trillion. As such, the augmented power demand in urbanizing nations is the primary force behind the advanced metering infrastructure market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Advanced Metering Infrastructure Market?
Leading firms involved in the advanced metering infrastructure industry are investing in the creation of innovative products using sophisticated characteristics like safe data encryption and remote management functions to gain a competitive lead in the marketplace. These indispensable features of sophisticated metering systems protect against cyber threats, ensure regulatory conformity, and facilitate effective remote operation and maintenance. For example, in May 2023, Honeywell International Inc., a conglomerate based in the US, introduced its Next Generation Cellular Module (NXCM), an innovative technology that transforms traditional gas and water meters into smart meters without the need for extra infrastructure. This system network allows meters to be wirelessly linked via existing public cellular networks, thereby increasing their monitoring, safety, and analytical capabilities for both utility providers and their consumers. The module aims to contemporize meter networks while keeping the costs low, forming a smarter network without the need to replace the existing one. The NXCM presents an adaptable and scalable solution for utility providers of various sizes. It ensures secure data transfer using advanced authentication methods and AES-128 encryption, guaranteeing that utilities adhere to metering and data management regulatory standards.

What Are the Emerging Segments in the Advanced Metering Infrastructure Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Advanced Metering Infrastructure Industry?
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.

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