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Global Advanced Metering Infrastructure Market to Grow at a CAGR of 14.2% During 2022-2027, Driven by the Rising Focus on Energy Conservation

According to a new report by EMR titled, ‘Global Advanced Metering Infrastructure Market Report and Forecast 2022-2027’, the market attained a value of over USD 10.3 billion in 2021. The advanced metering infrastructure industry is further expected to grow at a CAGR of 14.2% in the forecast period of 2022-2027.

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.

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 (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) 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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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