Global Advanced Metering Infrastructure
Market Report
2024
Advanced Metering Infrastructure Market size is USD 10895.8 million in 2024 and will expand at a compound annual growth rate (CAGR) of 13.10% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Advanced Metering Infrastructure market size is USD 10895.8 million in 2024 and will expand at a compound annual growth rate (CAGR) of 13.10% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Advanced Metering Infrastructure Market Sales Revenue 2024 | $ 10895.8 Million |
Global Advanced Metering Infrastructure Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 13.1% |
Market Split by Type |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Advanced Metering Infrastructure Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Advanced Metering Infrastructure (AMI) Market is experiencing fast growth driven by the surging adoption of smart grid technologies and the requirement for efficient energy management solutions. AMI encompasses advanced metering systems that enable two-way communication between utility providers and consumers, allowing for real-time monitoring, data collection, and control of energy usage. Key drivers of market expansion include the growing emphasis on energy conservation, government initiatives promoting grid modernization, and the rising demand for accurate billing and demand response programs. Additionally, advancements in communication technologies such as IoT and cloud computing are facilitating the integration of AMI systems with existing utility infrastructure. With benefits including improved operational efficiency, reduced energy losses, and enhanced customer engagement, the Advanced Metering Infrastructure Market is poised for significant growth.
Shift Toward Energy Efficient Alternatives to Increase the Demand Globally - The shift toward energy-efficient alternatives drives the Advanced Metering Infrastructure (AMI) Market as utilities and consumers seek to monitor and optimize energy consumption. AMI enables real-time data collection and analysis, facilitating the inclusion of renewable energy sources, demand response programs, and energy-efficient technologies. This transition is propelled by regulatory mandates, environmental concerns, and the pursuit of cost savings through improved energy management practices. Favorable Governmental Initiatives- Favorable governmental initiatives drive the market by creating a conducive regulatory environment and stimulating investments in smart grid technologies.
High Initial Costs- High initial costs associated with the implementation and deployment of Advanced Metering Infrastructure systems limit market adoption, particularly among smaller utilities and budget-constrained consumers. Data Security Concern- Another restraining factor for the market of is the challenge of ensuring data security and privacy amidst increasing concerns about cyber threats and unauthorized access to sensitive consumer information.
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In November 2023, SparkMeter partnered with Honeywell Smart Energy, according to which Honeywell Smart Energy will provide its base of US utility customers with SparkMeter’s integrated approach to cloud-based metering and operational analytics software.
(Source: https://www.sparkmeter.io/)
Top Companies Market Share in Advanced Metering Infrastructure Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the widespread deployment of smart grid technologies, supportive regulatory frameworks, and government initiatives promoting energy efficiency and grid modernization. Additionally, the region benefits from a high level of awareness among utilities and consumers regarding the benefits of advanced metering systems, coupled with significant investments in infrastructure upgrades. Furthermore, the presence of leading technology providers and a mature energy sector contribute to North America's dominance in the Advanced Metering Infrastructure Market.
Asia-Pacific stands out as the fastest-growing region in the Advanced Metering Infrastructure market due to the surging urbanization and industrialization are driving demand for efficient energy management solutions. Moreover, government initiatives promoting smart grid deployments and renewable energy integration are fueling market expansion. Additionally, the rising need to modernize aging utility infrastructure and improve operational efficiency is leading to the widespread adoption of AMI systems across the region. These factors contribute to the Asia Pacific emerging as the fastest-growing market for Advanced Metering Infrastructure.
The current report Scope analyzes Advanced Metering Infrastructure Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Advanced Metering Infrastructure Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Advanced Metering Infrastructure Industry growth. Advanced Metering Infrastructure market has been segmented with the help of its Type, End User , and others. Advanced Metering Infrastructure market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Advanced Metering Infrastructure market.
Type of Advanced Metering Infrastructure analyzed in this report are as follows:
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According to Cognitive Market Research, residential is the dominating category due to the widespread deployment of smart meters for individual households, driven by initiatives aimed at enhancing energy efficiency, reducing consumption, and enabling dynamic pricing schemes. Residential consumers benefit from real-time monitoring of energy usage, allowing for better management and control over their electricity consumption patterns. Furthermore, government mandates and incentives promoting smart grid technologies, along with increasing consumer awareness about energy conservation, contribute to the significant adoption of AMI systems in residential settings, solidifying their dominance in the market.
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Research Analyst at Cognitive Market Research
I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.
Sneha Mali is a research analyst working in various domains including the Consumer Goods, market research and transport & logistics and her primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. Her knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively.Sneha stay up-to-date with the latest research trends, methodologies, and technologies to ensure that her research is accurate, relevant, and impactful.
In her current role, Sneha is committed to continuous learning and staying abreast of emerging trends in research methodologies. Regular participation in workshops, webinars, and industry conferences ensures that her skills remain sharp and relevant. She have demonstrated ability to transform complex data sets into clear and concise narratives that inform key business strategies. Collaborating with cross-functional teams.Sneha remains an invaluable asset in the dynamic landscape of market research.
The Global Advanced Metering Infrastructure Market is witnessing significant growth in the near future.
In 2023, the Smart Metering Devices segment accounted for noticeable share of global Advanced Metering Infrastructure Market and is projected to experience significant growth in the near future.
The Residential segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Aclara Technologies LLC , Eaton Corporation plc and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Smart Metering Devices, Solution, Software, Services |
End User | Residential, Commercial, Industrial |
List of Competitors | Aclara Technologies LLC, Cisco Systems Inc., Eaton Corporation plc, Honeywell International Inc., International Business Machines Corporation, Itron Inc., Mueller Systems LLC, Schneider Electric SE, Sensus, Trilliant Holdings Inc. |
This chapter will help you gain GLOBAL Market Analysis of Advanced Metering Infrastructure. Further deep in this chapter, you will be able to review Global Advanced Metering Infrastructure Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Advanced Metering Infrastructure market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Smart Metering Devices have a significant impact on Advanced Metering Infrastructure market? |
What are the key factors affecting the Smart Metering Devices and Solution of Advanced Metering Infrastructure Market? |
What is the CAGR/Growth Rate of Residential during the forecast period? |
By type, which segment accounted for largest share of the global Advanced Metering Infrastructure Market? |
Which region is expected to dominate the global Advanced Metering Infrastructure Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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