Advanced Metering Infrastructure Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth

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How Large Will the Advanced Metering Infrastructure Market Size By 2025?
The market size of advanced metering infrastructure has seen quick expansion in the past few years. The market is projected to surge from $19.07 billion in 2024 to $22.1 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.9%. This growth during the historic period is mainly due to swift urbanization, escalated demand for energy, regulatory obligations emphasizing energy efficiency, their use in curtailing emissions, and increased operational efficiency for utility firms.

How Big Is the Advanced Metering Infrastructure Market Size Expected to Grow by 2029?
The size of the advanced metering infrastructure market is predicted to experience significant growth in the upcoming years, with an anticipated value of $38.89 billion by 2029, progressing at a Compound Annual Growth Rate (CAGR) of 15.2%. Factors contributing to this growth include an increase in demand for smart electricity meters, escalating power needs, amendments in government regulations, the minimization of energy wastage, and the provision of real-time energy use data for customers. Key trends projected for this period include the implementation of comprehensive advanced metering infrastructure solutions, a pivot towards renewable energy sources, the transition from Automated Meter Reading (AMR) to Advanced Metering Infrastructure (AMI) to optimize operations, the incorporation of smart grid technologies, and the uptake of prepayment solutions.

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Which Key Market Drivers Powering Advanced Metering Infrastructure Market Expansion and Growth?
The growth of the advanced metering infrastructure market is forecasted to be propelled by the escalating demand for electricity in countries undergoing urbanization. This demand signifies the heightened need for power resources in nations transiting rapidly from rural to urban settings due to factors such as urbanization, industrialization, infrastructure growth, and governmental endeavors. Advanced metering infrastructure has a pivotal role in handling this escalated demand by encouraging energy efficiency, minimizing peak demand, and improving the total trustworthiness and sustainability of the power grid. It gives electric utility providers the ability to obtain accurate information on power usage, undertake automatic meter readings, and glean more data via insights into energy consumption trends. An example is a report from the International Energy Agency (IEA), a French-based intergovernmental organization, which stated that the world's energy investment is predicted to increase over 8% in 2022 compared to 2021, reaching a total of $2.4 trillion. Hence, the increasing demand for power in countries undergoing urbanization is fueling the expansion of the advanced metering infrastructure market.

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Which Fast-Growing Trends Are Poised to Disrupt the Advanced Metering Infrastructure Market?
Prominent businesses partaking in the advanced metering infrastructure market are focusing on the creation of novel products endowed with cutting-edge features such as rigid data encryption and remote administration abilities. These features are pivotal in the advanced metering infrastructure systems as they safeguard against cyber-attacks, ensure adherence to regulations, and boost proficient remote procedures and upkeep. For instance, in May 2023, Honeywell International Inc., an American multi-industry company, introduced its revolutionary Next Generation Cellular Module (NXCM). This facilitates Advanced Metering Infrastructure (AMI), an innovative concept that morphs conventional gas and water meters into intelligent meters, eliminating the need for additional infrastructure. The transformation allows meter linkage via existing public cellular networks, improving monitoring, ensuring safety, and strengthening analytics for utility service providers and end users. The module aims to upgrade meter networks while keeping expenses at bay and augmenting the existing network's intelligence. The NXCM meets the needs of all utility providers, irrespective of their size, by ensuring secure data transmission through sophisticated authentication methods and AES-128 encryption, thus guaranteeing compliance with metering and data management regulatory benchmarks.

What Are the Emerging Segments in the Advanced Metering Infrastructure Market?
The advanced metering infrastructuremarket 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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