Advanced Metering Infrastructure Market To Reach $24.52 Million during 2019–2027

 

The increasing demand for the smart city and smart grid, and the growing need for energy across the world are driving the demand for the market.

Market Size – USD 8.35 billion in 2019, Market Growth - CAGR of 15.4%, Market Trends – The rise in IoT integration for real-time data about power consumption.

The global Advanced Metering Infrastructure Market is forecasted to be worth USD 24.68 Billion by 2027, according to a new report by Emergen Research. The growing industrialization, urbanization, and population growth are expected to drive the advanced meter infrastructure market growth during the forecast period. The rising demand for smart cities and smart grid projects is also anticipated to boost the market growth shortly.

However, the lack of government spending on infrastructure installations and lack of inter-operability standards in different regions are expected to hinder the market growth during the forecast timeframe.

 The latest research report by Emergen Research, named ‘Global Advanced Metering Infrastructure Market - Forecast to 2027’, entails a comprehensive review of the global Advanced Metering Infrastructure market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe. The study is inclusive of a profound analysis of this business sphere focuses on the overall remuneration of the market over the projected period.

 

To get a sample copy of the Global Advanced Metering Infrastructure Market report, visit @ https://www.emergenresearch.com/request-sample/163

The global Advanced Metering Infrastructure market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Advanced Metering Infrastructure market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Key participants include IBM Corporation, General Electric, Schneider Electric SE, Elster Group Gmbh, Cisco Systems, Inc., Siemens AG, Itron, Inc., Eaton Corporation plc, Aclara Technologies LLC, and Landis+Gyr, among others.

Emergen Research has segmented the global Advanced Metering Infrastructure Market on the basis of type, service, solution, end-use, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

• Smart Gas Meter
• Smart Electric Meter
• Smart Water Meter

Service Outlook (Revenue, USD Billion; 2017-2027)

  Meter Deployment

  System Integration

  Program Management and Consulting

Service Outlook (Revenue, USD Billion; 2017-2027)

  Meter Communication Infrastructure

  Meter Data Analytics

  Meter Data Management

  Advanced Metering Infrastructure Security

End-Use Outlook (Revenue, USD Billion; 2017-2027)

  Residential

  Industrial

  Commercial

Regional Outlook (Revenue, USD Billion; 2017-2027)

  North America

1. U.S.
2. Canada
3. Mexico

  Europe

1. Germany
2. UK
3. France
4. BENELUX
5. Rest of Europe

  Asia Pacific

1. China
2. Japan
3. South Korea
4. India
5. Rest of APAC

  Latin America

1. Brazil
2. Rest of LATAM

  MEA

1. Saudi Arabia
2. UAE
3. Rest of MEA

To learn more details about the Global Advanced Metering Infrastructure Market report, visit @ https://www.emergenresearch.com/industry-report/advanced-metering-infrastructure-market

 Key point summary of the report:

·         In May 2018, A contract to form a joint venture to acquire Acumen from Australia's largest energy supplier, Origin Energy Limited, was announced by Landis+Gyr and Pacific Equity Partners. The merged company is poised to deploy a significant proportion of the projected 8 million smart meters to be deployed across Western Australia, and South Australia by the acquisition of the Acumen business.

·         This is expected that the smart electric meter segment will dominate the market over the forecast timeframe. Supported by government spending and appropriate water meter regulations, the smart water meter segment is expected to grow with a CAGR of 15.7% during the forecast period.

·         In the advanced metering infrastructure market, the system integration segment is expected to hold the largest market due to features such as enhanced real-time monitoring, service reliability, important data collection, cost benefits, and better control and analysis.

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