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 study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Advanced Metering Infrastructure market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
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Competitive Landscape
Inventive Product Launch Declaration by Crucial Players to Spur Market Growth
The report offers a complete analysis of the global Advanced Metering Infrastructure market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
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.
Key Highlights From 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.
- Owing to highly extensible, flexible, and easily configurable, the meter data management solution is expected to dominate the market throughout the forecast period.
- Due to rising customer penetration of smart electric meters, the residential sector is anticipated to hold the largest market share over the forecast timeframe, since it offers greater transparency than traditional electric meters.
Detailed Regional Analysis covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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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
Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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