Advanced Metering Infrastructure (AMI) Market Report, By Device Type (Smart Electric Meters), Service (Meter Deployment), System (Meter Data Analytics) - Forecast Till 2027

Advanced Metering Infrastructure Market Overview

The advanced metering infrastructure market share valuation is expected to reach USD 9 Billion by 2023, with a compound annual growth rate of 14% during the period of assessment.

The advanced metering infrastructure offers different types of services such as metering & communication systems, head-end systems, meter data management services systems, and others. These advanced meters support remote meter reading, remote load limiter, remote firmware upgrade, and others.

It is a system of an interrelated system of communication networks, smart meters, and data processing systems that smoothens the bi-directional communication between clients, and software & companies. These meters give you a bigger insight into the usage of energy. It allows enhanced control over the electrical grid. These smart meters portray revelatory technology for the utility industry. These smart meters have the potential for improved meter reading and collection of data.

Advanced Metering Infrastructure Market

COVID-19 ANALYSIS

The coronavirus pandemic has given a very hard time to most of the manufacturing, developing, production, and logistic units of the advanced metering infrastructure market. Due to this pandemic situation, restrictions were imposed by the government of different countries. In these times every person is sitting at home for their jobs and the young ones are attending classes on online platforms which in turn has increased the demand for constant electricity supply. This pandemic has created a lot of positive opportunities for this advanced metering infrastructure market. The advantages of using these advanced meters will reduce the cost of metering and billing systems and allows enhanced control by the consumer over the consumption of electricity and bills. Also due to the closure of all types of manufacturing units, there has been a shortage of electricity supply and due to it, there has been a decrease in demand for these smart meters. But there is a ray of hope that when these restrictions will be lifted the demand for these smart meters will increase by 60%.

Advanced Metering Infrastructure Market Dynamics

DRIVERS

Due to rising urbanization, industrialization, and growing population, there is an increase in the generation of energy which is gaining demand in advanced metering infrastructure. This is one of the major factors that will be responsible for the growth of this advanced metering infrastructure market to a great extent. Also, the increasing demand for the establishment of smart cities and smart grid systems is another factor that will enhance the expansion of this industry during the forecast period. Lastly, the government of different countries is formulating many policies and making the replacement of old meters with the new smart meters mandatory. These policies also mandate the construction of smart grids systems in rural areas too which in turn will increase the demand for smart meters and propel the magnification of this advanced metering infrastructure market. There was the deployment of about 116 million smart meters globally in 2020 which is anticipated to be 450 million meters by 2028.

RESTRAINTS

The shortage of interoperability standards in many countries is one of the major factors that may hamper the growth of this advanced metering infrastructure market. Secondly, the high cost of installation associated with these smart meters is another factor that may act as a barrier to the expansion of this market. In addition to these meters have to be maintained at regular intervals and the costs linked with the maintenance of these meters are very high which is one more element that may hinder the growth of this advanced metering infrastructure market. Lastly, insufficient financial incentives and requirements for improvement in customer service are other factors that may restrict the development of advanced metering infrastructure market.

TECHNOLOGY ANALYSIS

With a lot of advancement in smart metering infrastructures, the companies are joining hands with developing their companies to develop some kind of software for the deployment of smart meters that authorizes the communication with meters to collect data. Also, new types of meters are being developed to manage to outsource and reducing the problem of the use of professional operation providers in an enterprise. Massive investments are being made by the key players in the research and development of scrum methodology which will benefit the smart electric and gas meters, communication hub, and others. 

STUDY OBJECTIVES 

• To consider the viewpoint of various industry experts and leaders and predict compound annual growth rate and advanced metering infrastructure market growth rate by the end of the global forecast in 2023.


• To highlight a competitive market outlook and examine the yield models of key market players, worldwide. 


• To observe the various market dynamics like trends, drivers, and restraints that are most probable to play a role in helping the market and its different segments growing in the domestic as well as international advanced metering infrastructure market.

Advanced Metering Infrastructure Market Segment Overview

Advanced metering infrastructure market share is anticipated to witness significant growth owing to the performance of different market segments. Among these, the smart meter segment will be the fastest-growing and also contribute towards this market growth more than any other segment. The reason for the tremendous growth of this segment is benefits such as low installation costs, lower transportation costs, the short life span of meter, and use of power line communications. For an amplifying use the market has been segmented into the following on different bases:

Based on device type, it has smart electric meters, smart water meters, smart gas meters, and advanced communication modules, and others

Based on service type, it has system integration, meter deployment, AMI management, AMI consulting, and others. Further, the system segment is further divided into meter data analytics, meter data management, communication infrastructure, and AMI security, and others.

Advanced Metering Infrastructure Market Regional Analysis

The advanced metering infrastructure industry movement is remarkably working in 6 major regions of the world that is North America, South America, Asia Pacific, Europe, and the Middle East & Africa. Among all these regions, the North American region will dominate advanced metering infrastructure market, and the reason attributed to it is the rising adoption of smart grid technology. In addition to this increasing population and rising number of water & electricity applications is another factor responsible for the growth of the advanced metering infrastructure market in North American region. Also, the presence of advanced metering infrastructure in the European region will boost the growth of this market globally. Asia Pacific region will also witness noteworthy growth during the forecast period due to rising demand for and implementation of strict regulations and policies for the adoption of smart meters among the end-users.

Advanced Metering Infrastructure Market Competitive Landscape

To get a detailed and profound idea about the advanced metering infrastructure market insights, it is very important to create a competitive environment amongst the different key players at different market locations all around the country. All the market players are competing with each other globally in the international markets by implementing various types of strategies such as product launches and upgrades, mergers and acquisitions, partnerships, etc. The prime players of this market include:-

• CISCO SYSTEMS, INC. (CALIFORNIA, U.S.)


• GENERAL ELECTRIC (CONNECTICUT, U.S.)


• SCHNEIDER ELECTRIC SE (RUEIL-MALMAISON, FRANCE)


• ITRON, INC. (WASHINGTON, U.S.)


• ACLARA TECHNOLOGIES LLC (MISSOURI, U.S.)


• ELSTER GROUP GMBH (ESSEN, GERMANY)


• SENSUS (RALEIGH, U.S.)


• TIETO CORPORATION (HELSINKI, FINLAND)


• TRILLIANT, INC. (CALIFORNIA, U.S.).


• COOPER INDUSTRIES (TEXAS, U.S.)


• SIEMENS AG (MUNICH, GERMANY)


• SILVER SPRING NETWORKS (CALIFORNIA, U.S)

RECENT DEVELOPMENTS 

• In May 2021, to combine Verizon’s managed connectivity LTE with Honeywell internet of things sensor for forming a smarter energy grid system. A partnership was formed between Honeywell and wireless carrier Verizon. The proper implementation of this project will fasten up and simplify the rollout of sensors, internet-connected hardware, and controllers on electrical grids.


• In March 2021, a partnership was being entered between Muller systems and the cadaver’s county water district for the placement of the advanced metering infrastructure network. This partnership will cover a massive area of 1000 square miles with 14000 AMI points. Most of the meters in this district would be replaced by this project and will also enhance the communicability potential of all the meters. On the other hand, the CALAVERAS county water districts provide water services to over 14000 co0mmercial & residential customers divided into 7 service areas though out the country.


• In June 2020, to provide support technology for member engagement and grid management and update its advanced metering system, a partnership agreement was being entered into between piedmont electric and Landis+Gyr. The grid stream of the Landis Company was deployed with an RF mesh network and to ensure secure communication with advanced meters, budget for approx. 35000 meters was passed. These new meters will replace the old ones on the existing power lines which will help in controlling the load, improve reliability, and support the flexible billing options. This partnership will also provide its customer with pre-pay metering services.

INTENDED AUDIENCE

• Advanced metering infrastructure companies


• Advanced metering infrastructure providers


• Technical universities


• System integrators


• Managed Security Service Providers


• Professional service providers


• Research and development companies


• Market research and consulting firms


• Solution providers


• Technology standards organizations


• Technology investors


• System Integrators

REPORT OVERVIEW

The advanced metering infrastructure market report presents a shift analysis that includes market drivers, opportunities, and restraints that are available in the global market. The report discusses the impact of covid-19 on the key players of this advanced metering infrastructure market. The report also tells about the market segmentation on a different basis and how a competitive environment is developed among the key players around the globe. At last, the report presents some recent developments in this industry.

Report Scope:

Report Attribute/Metric	Details
Market Size	USD 9 Billion
CAGR	14% (2017-2023)
Base Year	2019
Forecast Period	2020-2027
Historical Data	2018
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Device Type, Service, System
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), General Electric (U.S.), Schneider Electric SE (France), Itron, Inc. (U.S.), Aclara Technologies LLC (U.S.), Elster Group GmbH (Germany), Sensus (U.S.), Tieto Corporation (Finland), Trilliant, Inc. (U.S.), Silver Spring Networks (U.S.), Siemens AG (Germany), Cooper Industries (U.S.)
Key Market Opportunities	Growing installation of smart meter in smart city project.
Key Market Drivers	Increasing urbanization, industrialization, and growing population. The growing demand for the increasing smart city and smart grid initiatives.

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