Global Advanced Metering Infrastructure Market to Reach USD 47,680.86 Million by 2030 | CAGR of 11.8%
Category : Semiconductor And Electronics | Published Date : Oct 2024 | Type : Press Release
Advanced Metering Infrastructure Market Scope & Overview:
In the newly published report, Consegic Business Intelligence states that the Advanced Metering Infrastructure Market size was valued at USD 19,775.56 Million in 2022 and is projected to reach USD 47,680.86 Million by 2030, growing at a CAGR of 11.8% from 2023 to 2030. Advanced Metering Infrastructure (AMI) includes a network of smart meters, communication systems, and data management technologies, facilitating two-way communication between utilities and consumers. This technology enables real-time data collection, measurement, and analysis of energy consumption, which improves billing accuracy, load management, and energy efficiency. Additionally, AMI supports grid optimization and helps users make informed energy consumption decisions.
The report comprises the Advanced Metering Infrastructure Market Share, Size & Industry Analysis, By Device (Smart Water Meters, Smart Electric Meters, Smart Gas Meters), Component (Solutions and Services), End-User (Residential, Commercial, Industrial), and Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa), and Forecast, 2023-2030.
The report contains detailed information on Advanced Metering Infrastructure Market Trends, Opportunities, Value, Growth Rate, Segmentation, Geographical Coverage, Company Profile, In-depth Expert Analysis, Revenue Forecast, Competitive Landscape, Growth Factors, Restraints or Challenges, Environment & Regulatory Landscape, PESTLE Analysis, PORTER Analysis, Key Technology Landscape, Value Chain Analysis, and Cost Analysis.
Increasing demand for energy conservation and reduction in carbon emissions and government initiatives mandating smart meters for efficiency are significant drivers of market growth. Additionally, the development of smart cities presents growth opportunities.
Segmental Analysis :
Based on the device, the market is segmented into smart water meters, smart electric meters, and smart gas meters.
- Smart electric meters held the largest market share in 2022, playing a crucial role in energy efficiency and grid optimization by providing real-time electricity consumption data.
- Smart water meters are anticipated to grow at the fastest CAGR due to a rising focus on water conservation and resource management. These meters offer real-time data on water usage, helping detect leaks and supporting sustainable practices.
Based on components, the market includes solutions and services.
- Solutions accounted for the largest share in 2022, encompassing meter data management, analytics, and communication infrastructure, which streamline billing processes and optimize grid operations.
- Services are expected to witness the fastest CAGR as smart metering infrastructure requires installation, ongoing maintenance, and support. Service providers ensure efficient deployment and performance optimization, including troubleshooting and calibration.
Based on end-users, the market is categorized into residential, commercial, and industrial.
- Residential held the largest share in 2022, driven by the increasing use of smart meters for accurate billing and real-time energy consumption tracking.
- Industrial is projected to experience the fastest growth rate, supported by the need for real-time energy management in high-consumption environments and the integration of power quality monitoring features.
Based on regions, the global market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
- North America led the market in 2022 due to regulatory support for AMI adoption and infrastructure modernization.
- Asia-Pacific is expected to witness the highest CAGR, supported by smart city projects and energy efficiency initiatives in countries like China and India.
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2031 | USD 47,680.86 Million |
| CAGR (2024-2031) | 11.8% |
| By Device | Smart Water Meters, Smart Electric Meters, Smart Gas Meters |
| By Component | Solutions, Services |
| By End-User | Residential, Commercial, Industrial |
| By Region | North America(U.S., Canada, Mexico) Europe(U.K., Germany, France, Spain, Italy, Russia, Benelux, Rest of Europe) APAC(China, South Korea, Japan, India, Australia, ASEAN, Rest of Asia-Pacific) Middle East & Africa(GCC, Turkey, South Africa, Rest of MEA) LATAM(Brazil, Argentina, Chile, Rest of LATAM) |
Top Key Players & Competitive Landscape :
The competitive landscape encompasses major innovators, aftermarket service providers, industry giants, and niche players, all of which are thoroughly examined by Consegic Business Intelligence in terms of their strengths, weaknesses, and value-addition potential. This report includes detailed profiles of key players, market share analysis, mergers and acquisitions, resulting market fragmentation, and emerging partnership trends and dynamics.
List of prominent players in the Advanced Metering Infrastructure Industry:
- Aclara Technologies LLC
- Siemens AG
- Cisco Systems, Inc.
- Calisen Group
- Cooper Industries
- Elster Group GmbH
- General Electric
- Renesas Electronics Corp
- Landis+Gyr Technology Inc.
- IntelliSmart Infrastructure Pvt. Ltd.
- International Business Machines Corporation
- Itron, Inc.
- Schneider Electric SE
- Sensus
- Silver Spring Networks
- Tieto Corporation
- Trilliant, Inc.
- El Paso Electric
Recent Industry Developments :
- In March 2023, IntelliSmart Infrastructure Pvt. Ltd. launched INSTINCT 3.0 to advance digitalization in smart metering, facilitating the rollout of 250 meters across India.
- In January 2023, Landis+Gyr Technology Inc. entered a 20-year agreement with a U.S. utility to modernize its infrastructure with meter data management software, enhancing billing and efficiency for approximately 500,000 electric meters.
