The Advanced Metering Infrastructure (AMI) Market Size accounted for USD 20.5 Billion in 2022 and is projected to achieve a market size of USD 67.1 Billion by 2032 growing at a CAGR of 11.4% from 2023 to 2032. The advanced metering infrastructure (AMI) market is predicted to experience significant growth in the coming years due to increasing demand for accurate and efficient measurement of energy consumption, as well as the need for improved utility operations and customer service. The market is driven by factors such as government initiatives for smart metering, increasing investments in smart grid technologies, and the adoption of Internet of Things (IoT) devices.
Advanced Metering Infrastructure Market Report Key Highlights
- Global advanced metering infrastructure market revenue is projected to increase by USD 67.1 Billion by 2032, with a 11.4% CAGR from 2023 to 2032
- Europe region led with more than 40% of advanced metering infrastructure market share in 2022
- According to a report by the US Department of Energy, as of 2020, more than 90 million smart meters have been installed in the United States
- According to a study by the Electric Power Research Institute, AMI can reduce the cost of outage management by up to 40%.
- According to a survey by the Smart Grid Consumer Collaborative, 84% of customers with AMI are satisfied with their smart meter
- Energy Information Administration (EIA) estimates that the widespread deployment of AMI could result in a 2.7% reduction in energy consumption by 2035.
- Growing adoption in smart home systems, drives the advanced metering infrastructure market size
Advanced metering infrastructure (AMI) is a system of technologies and devices that are used to measure and manage energy consumption in a more precise and efficient manner. The system includes smart meters that can collect and transmit consumption data in real-time, communication networks that enable data transfer between meters and utility companies, and data management software that can analyze and interpret the data. The main objective of AMI is to provide more accurate and timely information on energy consumption to both consumers and utility companies, enabling better management of energy resources and improved customer service. AMI is a key component of the smart grid, which is aimed at creating a more reliable, secure, and sustainable energy infrastructure.
Global Advanced Metering Infrastructure Market Trends
Market Drivers
- Increasing Demand for Energy Efficiency
- Growing Demand for Renewable Energy
- Increasing adoption of smart city technologies
- Development of advanced technologies such as IoT, AI, and machine learning
Market Restraints
- High Initial Investment
- Data Security Concerns
Market Opportunities
- Government initiatives to promote energy efficiency
- Growing adoption in smart home systems, electric vehicle charging stations, and renewable energy sources
Advanced Metering Infrastructure Market Report Coverage
Market |
Advanced Metering Infrastructure Market |
Advanced Metering Infrastructure Market Size 2022 |
USD 20.5 Billion |
Advanced Metering Infrastructure Market Forecast 2032 |
USD 67.1 Billion |
Advanced Metering Infrastructure Market CAGR During 2023 - 2032 |
11.4% |
Advanced Metering Infrastructure Market Analysis Period |
2020 - 2032 |
Advanced Metering Infrastructure Market Base Year |
2022 |
Advanced Metering Infrastructure Market Forecast Data |
2023 - 2032 |
Segments Covered |
By Product Type, By End-User, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
Itron Inc., General Electric, IBM Corporation, Landis+Gyr, Kamstrup A/S, Elster Group GmbH, Siemens AG, Schneider Electric SE, Aclara Technologies LLC, and Honeywell International Inc.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Advanced Metering Infrastructure Market Dynamics
Increasing demand for the modernization of the grid and helpful steps taken by organizations across the globe for the replacement of traditional electronic meters accompanied by improved meters which are capable of furnishing enhanced data collection and meter reading are some of the most crucial factors driving the growth of global advanced metering infrastructure market. Moreover, the introduction of dynamic pricing mechanisms coupled with demand response schemes is the motivational factor for the use of smart metering infrastructure. Also, demand response programs are generally considered accelerators of growth in the global advanced metering infrastructure market. Advanced metering infrastructure is known as the integration of software, hardware as well as technologies that provide intelligent connections between end-to-end consumers. In addition, consumers participate in demand response programs, in turn, benefit from decreased electricity bills due to which electric distribution organizations will be able to reduce investments in new capacity infrastructures. Using bidirectional communication between the meter data management and the meter, the electrical distribution organizations will be able to manage metering mechanisms remotely and thus collect the required information in a real-time.
Recent advancements in the utility industry are anticipated to drive a vast range of systems with collections and water utilities. Several benefits of using advanced metering infrastructure technology including the facilitation of real-time energy consumption patterns and the ability to detect outages for end users are some major aspects projected to create traction in the global advanced metering infrastructure market in the foreseeable years. Other factors such as increasing demand for energy across the globe, legislative compliances and government mandates as well as demand for enhanced customer service and organizational efficiency are expected to propel the global market. Moreover, increasing integration of the internet of things with smart grid solutions is a key factor anticipated to pose bright opportunities in the global advanced metering infrastructure market value. Furthermore, the installation of smart meters as a type of advanced metering infrastructure is projected to enable the distribution of electric utilities to reduce overall operational expenses. Enhanced identification of theft of energy and outage notification are other important factors that are anticipated to boost the global advanced metering infrastructure market growth. However, the lack of interoperability standards, especially in developing economies, may hinder the growth of the advanced metering infrastructure market. Also, the declining cost of advanced metering infrastructure hardware is predicted to inhibit the growth of the global market.
Advanced Metering Infrastructure Market Segmentation
The global advanced metering infrastructure market segmentation is based on product type, end-user, and geography.
Advanced Metering Infrastructure Market By Product Type
- Smart Metering Devices
- Solutions
- Meter Communication Infrastructure
- Software
- Services
- Deployment
- System Integration
- Program Consulting
According to an advanced metering infrastructure industry analysis, the smart metering devices segment will gain significant market attention in the coming few years. Smart meters are electronic devices that are used to measure energy consumption in real time and communicate the data to utility companies through the communication networks of AMI. Smart meters provide benefits such as more accurate billing, improved energy management, and reduced operational costs for utility companies. The market for smart metering devices is estimated to grow due to the increasing demand for more efficient and reliable energy infrastructure. The market is also driven by government initiatives for smart metering and the adoption of Internet of Things (IoT) devices.
Advanced Metering Infrastructure Market By End-user
- Residential
- Industrial
- Commercial
According to the advanced metering infrastructure market forecast, the residential segment is projected to expand at a tremendous rate in the coming years. This growth is due to the increasing demand for smart homes and the need for more efficient energy management. AMI systems enable the collection and analysis of data on energy consumption in real time, which can help homeowners and utility companies optimize energy use and reduce costs. The use of AMI in residential applications can also improve customer service, as it enables quick identification and resolution of issues such as power outages or billing discrepancies. The market for residential AMI is driven by government initiatives for smart metering, the adoption of Internet of Things (IoT) devices, and increasing urbanization.
Advanced Metering Infrastructure Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Advanced Metering Infrastructure Market Regional Analysis
Geographically, Europe is one of the major regions in the advanced metering infrastructure (AMI) market. The market in Europe is driven by factors such as government initiatives for smart metering, increasing investments in smart grid technologies, and the need for more efficient energy management. The EU has set targets for the installation of smart meters in all households by 2020, which has driven the adoption of AMI in the region. The market in Europe includes various components such as smart meters, communication networks, and meter data management systems, and is predicted to witness significant growth in the coming years. The market is dominated by major players such as Siemens AG, Landis+Gyr, and Itron Inc., among others. The growth of the AMI market in Europe is expected to continue due to the increasing demand for sustainable energy and the need for improved customer service.
Advanced Metering Infrastructure Market Player
Some of the top advanced metering infrastructure market companies offered in the professional report include Itron Inc., General Electric, IBM Corporation, Landis+Gyr, Kamstrup A/S, Elster Group GmbH, Siemens AG, Schneider Electric SE, Aclara Technologies LLC, and Honeywell International Inc.
CHAPTER 1. Industry Overview of Advanced Metering Infrastructure Market
1.1. Definition and Scope
1.1.1. Definition of Advanced Metering Infrastructure
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Advanced Metering Infrastructure Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Advanced Metering Infrastructure Market By Product Type
1.2.3. Advanced Metering Infrastructure Market By End-user
1.2.4. Advanced Metering Infrastructure Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data End-user
2.2.1. Secondary Source
2.2.2. Primary Source
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Advanced Metering Infrastructure Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Advanced Metering Infrastructure Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Price Trend of Key Raw Materials
3.8.1. Raw Material Suppliers
3.8.2. Proportion of Manufacturing Cost Structure
3.8.2.1. Raw Material
3.8.2.2. Labor Cost
3.8.2.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Advanced Metering Infrastructure Market By Product Type
5.1. Introduction
5.2. Advanced Metering Infrastructure Revenue By Product Type
5.2.1. Advanced Metering Infrastructure Revenue (USD Billion) and Forecast, By Product Type, 2020-2032
5.2.2. Smart Metering Devices
5.2.2.1. Smart Metering Devices Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.2. Water
5.2.2.2.1. Water Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.3. Electricity
5.2.2.3.1. Electricity Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.2.4. Gas
5.2.2.4.1. Gas Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3. Solutions
5.2.3.1. Solutions Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3.2. Meter Communication Infrastructure
5.2.3.2.1. Meter Communication Infrastructure Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.3.3. Software
5.2.3.3.1. Software Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4. Services
5.2.4.1. Services Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4.2. Deployment
5.2.4.2.1. Deployment Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4.3. System Integration
5.2.4.3.1. System Integration Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
5.2.4.4. Program Consulting
5.2.4.4.1. Program Consulting Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 6. Advanced Metering Infrastructure Market By End-user
6.1. Introduction
6.2. Advanced Metering Infrastructure Revenue By End-user
6.2.1. Advanced Metering Infrastructure Revenue (USD Billion) and Forecast, By End-user, 2020-2032
6.2.2. Residential
6.2.2.1. Residential Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.3. Industrial
6.2.3.1. Industrial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
6.2.4. Commercial
6.2.4.1. Commercial Market Revenue (USD Billion) and Growth Rate (%), 2020-2032
CHAPTER 7. North America Advanced Metering Infrastructure Market By Country
7.1. North America Advanced Metering Infrastructure Market Overview
7.2. U.S.
7.2.1. U.S. Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
7.2.2. U.S. Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
7.3. Canada
7.3.1. Canada Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
7.3.2. Canada Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
7.4. North America PEST Analysis
CHAPTER 8. Europe Advanced Metering Infrastructure Market By Country
8.1. Europe Advanced Metering Infrastructure Market Overview
8.2. U.K.
8.2.1. U.K. Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
8.2.2. U.K. Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
8.3. Germany
8.3.1. Germany Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
8.3.2. Germany Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
8.4. France
8.4.1. France Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
8.4.2. France Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
8.5. Spain
8.5.1. Spain Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
8.5.2. Spain Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
8.6. Rest of Europe
8.6.1. Rest of Europe Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
8.6.2. Rest of Europe Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Advanced Metering Infrastructure Market By Country
9.1. Asia Pacific Advanced Metering Infrastructure Market Overview
9.2. China
9.2.1. China Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
9.2.2. China Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
9.3. Japan
9.3.1. Japan Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
9.3.2. Japan Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
9.4. India
9.4.1. India Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
9.4.2. India Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
9.5. Australia
9.5.1. Australia Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
9.5.2. Australia Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
9.6. South Korea
9.6.1. South Korea Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
9.6.2. South Korea Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
9.7.2. Rest of Asia-Pacific Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Advanced Metering Infrastructure Market By Country
10.1. Latin America Advanced Metering Infrastructure Market Overview
10.2. Brazil
10.2.1. Brazil Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
10.2.2. Brazil Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
10.3. Mexico
10.3.1. Mexico Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
10.3.2. Mexico Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
10.4. Rest of Latin America
10.4.1. Rest of Latin America Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
10.4.2. Rest of Latin America Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa Advanced Metering Infrastructure Market By Country
11.1. Middle East & Africa Advanced Metering Infrastructure Market Overview
11.2. GCC
11.2.1. GCC Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
11.2.2. GCC Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
11.3. South Africa
11.3.1. South Africa Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
11.3.2. South Africa Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By Product Type, 2020-2032
11.4.2. Rest of Middle East & Africa Advanced Metering Infrastructure Revenue (USD Billion) and Forecast By End-user, 2020-2032
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of Advanced Metering Infrastructure Market
12.1. Advanced Metering Infrastructure Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking Of Key Players By Price, Presence, Market Share, And R&D Investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Advanced Metering Infrastructure Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. Company Profile
13.1. Itron Inc.
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (USD Billion), 2022
13.1.3.2. Itron Inc. 2022 Advanced Metering Infrastructure Business Regional Distribution
13.1.4. Product /Service and Specification
13.1.5. Recent Developments & Business Strategy
13.2. General Electric
13.3. IBM Corporation
13.4. Landis+Gyr
13.5. Kamstrup A/S
13.6. Elster Group GmbH
13.7. Siemens AG
13.8. Schneider Electric SE
13.9. Aclara Technologies LLC
13.10. Honeywell International Inc.