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2021

Advanced Metering Infrastructure (ami) Market

Advanced Metering Infrastructure (AMI) Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type (Smart Metering Devices, Solutions, and Services) and End User (Residential, Commercials, and Industrial): Global Opportunity Analysis and Industry Forecast, 2021-2030

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Author's: Pratik Mandon | Eswara Prasad
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Advanced Metering Infrastructure (AMI) Market Outlook - 2030

The global advanced metering infrastructure market size was valued at $ 17.1 billion in 2020, and is projected to reach $ 52.4 billion by 2030, growing at a CAGR of 12.0% from 2021 to 2030. Advanced metering infrastructure (AMI) is an integrated system of smart meters, communications networks, and data management systems that allows utilities and consumers to communicate in two directions. The system provides a number of important functions that were not previously possible or had to be performed manually, such as the ability to automatically and remotely measure electricity use, connect & disconnect service, detect tampering, identify & isolate outages, and monitor voltage. 

The growth of the global advanced metering infrastructure market is driven by increase in penetration of Internet of Things (IoT). In addition, the demand for AMI communications networks is projected to increase considerably in the coming future, owing to rise in requirement for low-bandwidth, low-cost, and delay-insensitive metering. Both of the meter's network and communications module must be as inexpensive as feasible. Narrow-band power-line-communication (PLC) and RF-Mesh are the major communication technologies driving AMI adoption in the early days. Newer technologies such as broadband PLC and low-power wide-area networks (LPWAN) are gaining high traction in the market, as communication technology has developed. These are some of the advanced metering infrastructure market trends observed globally.

Advanced-Metering-Infrastructure-Market,-2021-2030

The global advanced metering infrastructure (AMI) market is segmented into product type, end-user, and region. On the basis of product type, the market is segregated into smart metering devices (electricity, gas water), solutions (meter communication infrastructure and software), and services (system integration, deployment and program consulting). The end-users covered in the study include residential, commercial, and industrial. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. 

Major players operating in the global advanced metering infrastructure industry are Itron, Eaton Corporation, Echelon Corporation, Siemens AG, Dynosonic, General FElectric, Cisco Systems, Inc., IBM Corporation, Schneider Electric SE, and Sensus.

Global advanced metering infrastructure market, by smart metering device

The electricity segment accounted for the largest share in 2020, while the water segment is projected to grow at the highest CAGR of 14.0%. Smart meters represent a transformative technology for the utility sector. These technologically advanced meters provide greater insight into the usage of energy. Smart meters have been used in the construction of advanced metering infrastructure programs all around the world.

Advanced Metering Infrastructure (AMI) Market
By Smart Metering Device
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Electricity Smart Metering Device in Advanced Metering Infrastructure is projected as the most lucrative segment.

Global advanced metering infrastructure market, by solution

The software segment accounted for the largest share in 2020, and is projected to grow at the highest CAGR of 12.2%. The development of an integrated and IT-enabled power grid and other support software to analyze the patterns provides significant benefits to users.

Advanced Metering Infrastructure (AMI) Market
By Solution
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Software Solutions in Advanced Metering Infrastructure is projected as the most lucrative segment.

Global advanced metering infrastructure market, by service

The program consulting segment accounted for the largest share in 2020, while the system integration segment is projected to grow at the highest CAGR of 15.5%. AMI communications networks are driven by the need for low-bandwidth, low-cost, delay-insensitive metering. Both the network and the communications module in each meter must be as low cost as possible. The early days of AMI witnessed narrow-band Power-Line-Communication (PLC) and RF-Mesh as the primary communication technologies driving AMI adoption.

Advanced Metering Infrastructure (AMI) Market
By Service
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Program Consulting Service in Advanced Metering Infrastructure is projected as the most lucrative segment.

Advanced metering infrastructure market, by end-user

The residential segment was the major share contributor in 2020. Government agencies and utilities are turning toward AMI systems as part of larger "smart grid" initiatives. For instance, the global power consumption is expected to rise by over 80% between 2012 and 2040, according to the International Energy Agency (IEA).

Advanced Metering Infrastructure (AMI) Market
By End-user
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Residential End-user is projected as the most lucrative segment.

Advanced metering infrastructure market, by region

The Europe region is home to the world's largest working population, which necessitates a sustainable infrastructure. Government organizations across the Europe are issuing regulatory mandates and legislative directives regarding construction of smart grids as well as deployment of smart meters. For instance, the European Union mandate aims to replace 80% of all the traditional power meters with advanced metering infrastructure, by 2020.

Advanced Metering Infrastructure (AMI) Market
By Region
2030
Europe 
North America
Asia-Pacific
LAMEA

Asia-Pacific is projected as the most lucrative market.

Key Benefits For Stakeholders

  • The report provides in-depth analysis of the global advanced metering infrastructure market along with the current trends and future estimations. 
  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
  • Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global advanced metering infrastructure (AMI) market for strategy building.
  • A comprehensive advanced metering infrastructure market analysis covers the factors that drive and restrain the global market growth.
  • The qualitative data about market dynamics, trends, and developments is provided in the report.

Impact of COVID-19 on the global advanced metering infrastructure market

  • The COVID-19 pandemic has positively influenced the advanced metering infrastructure market growth, as the energy & utility sector are considered essential services that have forced the sector to rethink how their operations are performed and how they engage with both their staff and their customers..
  • However, the pandemic impacted commercial and industrial job sites, causing load patterns to shift, as well as utilities' important role in society's power supply.. It has since become every utility’s struggle to ensure that uninterrupted operation and delivery continue while adhering to the necessary social distancing guidelines required safeguarding employees and customers.
  • Due to the COVID-19 pandemic, transport limitations were implemented, resulting in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacting market growth.
  • Companies are not earning any profit as a result of halt in operations. Not only the companies are losing money but they are also losing suppliers who are providing the required materials to various companies to be used in construction sector.
  • Furthermore, due to social distancing norms during COVID-19, the manufacturing companies are working with limited workforce, thus negatively impacting the production and construction processes.

Key Market Segments

By Product type

  • Smart Metering Devices
    • Electricity
    • Water
    • Gas
  • Solutions
    • Meter Communication Infrastructure
    • Software
  • Services
    • System Integration
    • Deployment
    • Program Consulting

By End-user

  • Residential
  • Commercial
  • Industrial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Spain
    • Italy
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA

Advanced Metering Infrastructure (AMI) Market Report Highlights

Aspects Details
Advanced Metering Infrastructure (AMI) Market By PRODUCT TYPE
By PRODUCT TYPE
  • Smart metering devices
    • Electricity
    • Water
    • Gas
  • Solutions
    • Meter Communication Infrastructure
    • Softwares
  • Services
    • System Integration
    • Deployment
    • Program Consulting
Advanced Metering Infrastructure (AMI) Market By END-USER
By END-USER
  • Residential
  • Commercial
  • Industry
Advanced Metering Infrastructure (AMI) Market By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players

SENSUS, Landis+Gyr, Dynosonic, Itron Inc., EATON CORPORATION PLC., GENERAL ELECTRIC, SIEMENS ENERGY, Cisco Systems, Inc., Echelon Corporation, .IBM Corporation

Analyst Review

The development of an integrated and IT-enabled power grid and other support software to analyze the patterns offers significant advantages to the user. A grid, often known as smart grid, facilitates the expansion of dispersed production, decreases costs, promotes energy efficiency, and enhances the whole production, transmission, and distribution system's dependability & security. Advanced metering infrastructure (AMI) is a critical component of any smart grid project. As part of broader "smart grid" projects, government agencies and utilities are turning to AMI systems. Energy utilities can align energy shortages, revenue protection, load control, and customer service enhancement by using advanced metering infrastructure technologies. The need for advanced metering infrastructure solutions and services has increased dramatically across all nations as a result of rising energy requirements in developing economies and better customer service levels and utility efficiency.

The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.

Author Name(s) : Pratik Mandon | Eswara Prasad
Frequently Asked Questions?

Increasing usage of the Internet of Things (IoT) is driver of advanced metering infrastructure market.

The global advanced metering infrastructure market is segmented on the basis of product type, end-user and region.

To get latest version of advanced metering infrastructure market report can be obtained on demand from the website.

Increasing usage of the Internet of Things (IoT) is the key factor driving the global advanced metering infrastructure market

The market value of global advanced metering infrastructure market in 2021 is expected to be $17.1 billion and projected to rise to $52.4 billion in 2030.

The top ten market players are selected based on two key attributes - competitive strength and market positioning

The leading players in the market are including Itron, Eaton Corporation, Echelon Corporation, Siemens AG, General Electric, Cisco Systems, Inc., IBM Corporation, Schneider Electric SE, and Sensus.

The residential industry is projected to increase the demand for advanced metering infrastructure market during the forecast period.

The residential application in the global advanced metering infrastructure market is projected to increase the demand of advanced metering infrastructure during the forecast period.

China is one of the major producers of raw materials required for the production of advanced metering infrastructure. The disruptions in the supply chain due to COVID-19 induced lockdown has impacted the market negatively in 2021.

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Advanced Metering Infrastructure (ami) Market

Global Opportunity Analysis and Industry Forecast, 2021-2030