Global Advanced Metering Infrastructure Market to Grow at a CAGR of 14.2% During 2024-2032, Driven by the Rising Focus on Energy Conservation

With the rising demand for resources, increased issues of water shortage, rising energy prices, and ageing water infrastructure putting strain on water utilities, smart water network solutions are being developed with substantial benefits by integrating sophisticated metering technology, software, and effective communication systems. The implementation of AMIs is being driven by the essential requirement for improved water use in water-scarce locations. The advanced metering infrastructure industry is expanding due to the increased adoption of the Internet of Things (IoT). Furthermore, the need for AMI communication networks is expected to expand significantly in the near future due to an increase in the demand for low-bandwidth, low-cost, and delay-insensitive metering. The network and communications module of the meter  must be as low-cost as possible. The key communication technologies driving AMI adoption are narrow-band power-line communication (PLC) and RF-Mesh. As communication technology advances, newer technologies such as broadband PLC and low-power wide-area networks (LPWAN) are gaining commercial momentum.

Among the major players in the advanced metering infrastructure industry, Itron, Inc. (NASDAQ: ITRI), in May 2021, announced that the company is partnering with Microsoft to provide clients with highly scalable cloud-based meter  data management (MDM) services. As part of this, the businesses performed another round of rigorous performance and scalability testing on their Itron Enterprise EditionTM Meter Data Management (IEE MDM) solution. This is the first time the industry's only meter  data management system has run large-scale benchmarks in Microsoft Azure.

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Market Analysis by Type, End Use, and Region:

• The market on the basis of type can be divided into smart meters, meter communication infrastructure, data management, and services.

• Based on end use, the industry can be divided into residential, commercial, and industrial.

• The regional markets for advanced metering infrastructure include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The advanced metering infrastructure solutions have seen a rise in use as a result of the rapidly growing energy demands.

• Increasing demand from multiple deployment areas like gas, electricity, and water, fuelled by the growing global population, has augmented the market for advanced metering infrastructure.

• The market is expanding with the need for cost minimising and less energy intensive data storage infrastructures.

• The government support and incentives in the infrastructure sector are also expected to provide a boost to the market for advanced metering infrastructure.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for advanced metering infrastructure for the periods (2018-2023) and (2024-2032).

• The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the types, end uses, and regions of advanced metering infrastructure.

• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global advanced metering infrastructure market are Itron Inc., IBM Corporation, Landis+Gyr, Sensus Solutions, and Siemens AG, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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