Advanced Metering Infrastructure Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Advanced Metering Infrastructure Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2020 | Technology & Media | PPT format

Report Digest


Global Advanced Metering Infrastructure Market: Snapshot

Of late, the global market for advanced metering infrastructure is registering a significant surge. The rising awareness pertaining to advanced metering infrastructure, such as load management, revenue protection, and customer service improvement, is boosting the growth of this market significantly across the world. The deployment of this infrastructure enables energy utilities to support energy shortages, which is another important factor behind its uptake. The rising requirement of energy in emerging economies and the improvement in customer service level and utility efficiency, the demand for advanced metering infrastructure solutions and services has grown tremendously across all countries. The increasing uptake of Internet of Things (IoT) is also driving the growth of this market, considerably. Going forward, the rising demand for advanced metering infrastructure analytics is expected to support this market over the next few years.

North America and Europe have been leading the global market for advanced metering infrastructure and are anticipated to continue doing so over the next few years. The presence of favorable government initiatives for the deployment of smart meters and construct smart grids is the key factor behind the growth of these regional markets. Asia Pacific is also projected to witness a significant rise in its market for advance metering infrastructure in the years to come, thanks to an increasing shift towards smart grids architecture, rising need for energy management, a number of technology upgrades, and several regulatory mandates.

Global Advanced Metering Infrastructure Market: Overview

The global advanced metering infrastructure (AMI) market is driven by the increase in the construction of smart grids. Advanced metering infrastructure enables remote meter reading, which is error free and identifies any problem with the energy system. It also inspects energy, reduces load during shedding, and performs load outlining. Thus, the demand for advanced metering infrastructure is growing and this will boost the market across the globe. AMI enables two way communication between clients, thus boosting their demand. The need for enhanced customer service and improved utility efficiency will also create a heightened demand for AMI. Moreover, the rising demand for energy will push the demand for advanced metering infrastructure.

Global Advanced Metering Infrastructure Market: Key Trends

The need to reduce electricity theft has become essential with growing incidences of theft of electricity. The high cost of electricity is also a reason behind the increase in the theft of electricity. All these factors are creating a need for advanced metering infrastructure. Advanced metering infrastructure helps consumers monitor and manage their energy consumption along with time of use rate, fueling their adoption. Utility companies are making use of advanced metering infrastructure so as to identify peak time of load and manage energy demand. The increasing support from governments and regulatory bodies is expected to ensure a continued demand for advanced metering infrastructure. However, data management can be an issue. In addition to this, meter replacement is another factor which poses a challenge for the market.

Global Advanced Metering Infrastructure Market: Market Potential

Governments across countries are issuing regulatory mandates with regards to the construction of smart grids and adoption of smart meters. Government initiatives such as the one by European Union mandating the replacement of 80% of the conventional power meters with advanced metering infrastructure by 2020 are expected to encourage the growth of this market. The Tokyo Electric Power Company (TEPCO) in Japan is also planning to deploy 27 mn electric smart meters to create a platform which integrates energy management and connects smart devices to homes and businesses. Such initiatives by companies and government mandates are key drivers of the global advanced metering infrastructure.

Market players such as Eaton have developed advanced metering infrastructure that offer various utilities. Cooper Power series AMI from Eaton offers utilities, choice of meter manufacturers, flexibility to cater to all departments such as billing, engineering and others.

Global Advanced Metering Infrastructure Market: Regional Outlook

North America is a lucrative market for advanced metering infrastructure, driven by favorable government initiatives to deploy smart meters and construct smart grids. Asia Pacific is also anticipated to emerge as a lucrative market for advanced metering infrastructure. Asia Pacific is projected to generate a reasonably high demand in the coming years on account of a shift towards smart grids architecture, growing need for energy management, numerous technology upgrades, and regulatory mandates. In addition to this, growing consumer awareness about energy wastage and associated carbon footprint will also propel the adoption of advanced metering infrastructure.

Global Advanced Metering Infrastructure Market: Competitive Landscape

Some of the leading vendors operating in the global advanced metering infrastructure are Eaton, Itron, Elster Group, Schneider Electric, General Electric, Landis+Gyr, Echelon, Sensus, and Silver Spring Networks. Key players in this market are concentrating hard on offering end to end integrated services to utilities and also meter data management. Investments in research and development are a key strategy adopted by players to come up with meters that are more accurate and highly efficient.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.