The Advanced metering infrastructure (AMI) Market report empowers businesses by providing crucial statistics regarding the market status of both regional and global manufacturers, offering invaluable guidance to steer businesses toward growth and success. Highlighting CAGR values, the report forecasts potential fluctuations in product demand within the projected timeline. Comprehensive in its scope, this market report offers a thorough overview encompassing product definitions, market segmentation based on diverse parameters, and the established vendor landscape.

Serving as an invaluable resource, the Advanced metering infrastructure (AMI) Market report offers current and prospective technical and financial insights into the industry. It dives deep into market research, dissecting challenges, market structures, opportunities, driving forces, and the competitive landscape pertinent to your business. By elucidating market-driving factors and restraints, the report aids in estimating product demand across various aspects. Moreover, this Advanced metering infrastructure (AMI) Market report meticulously analyzes significant industry trends, estimates market size and shares, and forecasts sales volume, enabling businesses to strategize effectively to enhance their return on investment (ROI). Fusing expert solutions with inherent potential, this Advanced metering infrastructure (AMI) Market report shines as a beacon for businesses aiming for strategic advancement.

Data Bridge Market Research analyzes that the advanced metering infrastructure (AMI) market which was U.S.D 23.83 billion in 2022, is expected to reach U.S.D 54.37 billion by 2030, and is expected to undergo a CAGR of 12.5% during the forecast period of 2023 to 2030. Devices segment is expected to dominate because of their ability to enhance energy efficiency and provide real-time data for utility companies.

Definition

Advanced metering infrastructure (AMI) is basically an integrated system of smart meters, data management systems and communications networks that generally allows utilities and consumers to communicate in two directions. The technology makes it feasible to do several crucial tasks that were either impossible or required manual labor in the past, including monitoring voltage, connecting and disconnecting services, detecting tampering, and automatically and remotely measuring electricity use.

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Key Growth Drivers:

Cyber Numerous Benefits of Advanced Metering Infrastructure (AMI)

The advanced metering infrastructure provides a variety of services, including head-end systems, meter data management services systems, metering and communication systems, and others which has largely created the demand for the advanced metering infrastructure (AMI) market. Moreover, the cutting-edge meters offer remote firmware upgrades, remote load limits, and remote meter readings. The bidirectional connection between customers, software, and businesses is made easier by an interconnected system of communication networks, smart meters, and data processing systems. It gives the electrical grid more control. These smart meters represent ground-breaking technologies for the utility sector, as they have the ability to enhance data collection and meter reading. These beneficial uses of the advanced metering infrastructure (AMI) will further accelerate the market growth over the forecast period.

Supportive Government Regulations

Around the world, many countries are creating legal and regulatory requirements for installing smart grids and smart meters. For instance, the European Union has planned that by 2021, sophisticated metering infrastructure would replace 80% of traditional electricity meters. The Tokyo Electric Power Company (TEPCO) also has ambitions to install 27 million electric smart meters in Japan and develop an integrated platform for energy management that will link to smart devices in households and businesses. During the projected period, this element is probably what will propel the global market for advanced metering infrastructure.

The report emphasizes the participation of key entities, notably:

• General Electric (U.S.)
• Siemens (Germany)
• ABB (Switzerland)
• Emerson Electric Co.  (U.S.)
• AVEVA Group plc (U.K.)
• Schneider Electric (France)
• Wipro Limited (India)
• IBM (U.S.)
• Robert Bosch GmbH (Germany)
• Etteplan Oyj (Finland)
• Fujitsu (Japan)
• Cisco Systems, Inc. (U.S.)
• IBM (U.S.)
• Siemens (Germany)
• Itron Inc., (U.S.)
• Oracle (U.S.)
• Fujitsu (Japan)
• Honeywell International Inc., (U.S.)
• Accenture (Ireland)
• SAP SE (Germany)

Key Market Perspectives:

• Thorough examination of prevailing market tendencies
• Updates on the latest product advancements and innovations
• Advanced metering infrastructure (AMI) market's Compound Annual Growth Rate (CAGR) for both historic and forecasted years
• Strategies and activities of prominent players and brands in the field
• Insights into the industry landscape for emerging participants

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Key Market Segmentation

By Devices (Smart Gas Meters, Smart Water Meters, Smart Electric Meters), Services (System Integration, Meter Deployment, Program Management, Consulting), Solutions (Meter Data Management, Meter Data Analytics, Advanced Metering Infrastructure Security, Meter Communication Infrastructure)

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