Advanced Metering Infrastructure Market Expected to Reach USD 47.46 Billion by 203

The Advanced Metering Infrastructure Market was valued at USD 16.69 Bn. in 2023 and the market is expected to grow at a CAGR of 16.1 percent from 2024 to 2030, according to Stellar Market Research. The report is based on both primary and secondary data, includes insights from experts who have analyzed the market's growth trends and future potential.

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https://www.stellarmr.com/report/Advanced-Metering-Infrastructure-Market/685

Advanced Metering Infrastructure Market Overview:

The Stellar Market Research, the Advanced Metering Infrastructure market analyses and forecasts the market size, in terms of value, for the market. Advanced metering infrastructure (AMI) helps private, and public utilities manage energy demand by identifying peak load times.

Advanced Metering Infrastructure Market Key Developments:

March 2021: Calaveras County Water District and Mueller Systems launched an AMI network with 13,000 endpoints covering 1,000 square miles, replacing most meters and adding communication capabilities for over 13,000 customers.

June 2020: Piedmont Electric upgraded to Landis+Gyr's Gridstream Connect platform, replacing its old AMI system with an RF mesh network and 35,000 advanced meters for enhanced communication, load control, and billing options.

What are the Advanced Metering Infrastructure Market Dynamics?

Increased Internet of Things penetration is driving the worldwide advanced metering infrastructure market forward (IoT). The primary goal of deploying advanced metering infrastructure solutions is to manage and monitor energy resources and their use. Regulatory mandates and legislative directives are being issued by a number of governments and organizations throughout the world addressing the building of smart grids and the deployment of smart meters.

For example- In 2021, European Union countries want to replace 80% of old electricity meters with smart metering infrastructure. Also, the Tokyo Electric Power Company (TEPCO) wants to install 27 million smart meters in Japan and develop an integrated energy management platform that connects to smart devices in households and businesses.

Market Regional Insight:

The North American region held the largest market share accounting for 38.2% in 2023. The North American market is also developing as the population of the United States and Canada grows, as well as the number of water Services.

Asia-Pacific is the fastest-growing area for the worldwide advanced metering infrastructure market. For example, the Indian government declared in February 2020 that the smart meter national program would install 10 lakh smart meters across the country (SMNP). Europe holds the second-largest share in the Advanced Metering Infrastructure market. The European Union has the world's largest working population, requiring a long-term infrastructure.

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Advanced Metering Infrastructure Market Segmentation:

By Device

Electric

Water

Gas

By Solution

Meter Data Analytics

Meter Data Management

Advanced Metering Infrastructure Security

Meter Communication Infrastructure

By Deployment Mode3

Cloud

On-premises

By Service

System Integration

Meter Deployment

Program Management and Consulting

By Application

Residential

Commercial

Industrial

Some of the current players in the Advanced Metering Infrastructure Market are:

IBM Corporation

Cisco Systems, Inc.

Schneider Electric SE

Landis+Gyr

Sensus

Trilliant Inc.

Dynosonic

General Electric

Elster Group GmbH

Tieto Corporation

To Learn More About This Study, Please Click Here:https://www.stellarmr.com/report/req_sample/Advanced-Metering-Infrastructure-Market/685

Key questions answered in the Advanced Metering Infrastructure Market are:

What segments are covered in the Global Advanced Metering Infrastructure Market report?

Which region in expected to hold the highest share in the Global Advanced Metering Infrastructure Market?

What is the market size of the Global Advanced Metering Infrastructure Market by 2030?

What is the forecast period for the Global Advanced Metering Infrastructure Market?

What was the market size of the Global Advanced Metering Infrastructure Market in 2023?



Key Offerings:

Past Market Size and Competitive Landscape

Advanced Metering Infrastructure Market Size, Share, Size & Forecast by different segment

Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region

Advanced Metering Infrastructure Market Segmentation - A detailed analysis by Product

Competitive Landscape - Profiles of selected key players by region from a strategic perspective

Competitive landscape - Market Leaders, Market Followers, Regional player

Competitive benchmarking of key players by region

PESTLE Analysis

PORTER's analysis

Value chain and supply chain analysis

Legal Aspects of business by region

Lucrative business opportunities with SWOT analysis

Recommendations



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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.

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