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Advanced Metering Infrastructure Market

Advanced Metering Infrastructure Market Forecasts to 2028 – Global Analysis By Service (System, Program Management), Product Type (Communication Modules, Two-Way Smart Meters), End User (Residential, Industrial) and By Geography

4.3 (22 reviews)
Published: March 2022 ID: SMRC20480
4.3 (22 reviews)
Published: March 2022 ID: SMRC20480

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Advanced Metering Infrastructure Market is accounted for $16.89 billion in 2021 and is expected to reach $41.74 billion by 2028 growing at a CAGR of 13.8% during the forecast period. Advanced metering infrastructure helps in two-way communications and provides system operators with an IT-enabled interface with residential and commercial consumers. Advanced metering infrastructure provides various kinds of devices and services such as smart meter, meter communication infrastructure, data management which are being used by residential, commercial, and industrial sectors.

Market Dynamics:

Driver:

Increase in penetration of Internet of Things (IoT)


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.

Restraint:

The shortage of interoperability standards


Adoption of smart meter technology is being researched, and many manufacturers of smart meters have been striving to create a standardized design that would comply with government regulations worldwide, so as to maximize their revenue potential in the market. Also, inadequate financial incentives for utilities, and interoperability, and standard interface are affecting the growth of the market.

Opportunity:

Rising demand in growing economies


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. Overall, demand for consumer goods increases when the economy producing the goods is growing. An economy showing good overall growth and continuing prospects for steady growth is usually accompanied by corresponding growth in the demand for goods and services.

Threat:

High initial costs


The high cost of installation associated with these smart meters is another factor that may act as a barrier to the expansion of this market. In addition to these meters have to be maintained at regular intervals and the costs linked with the maintenance of these meters are very high which is one more element that may hinder the growth of this advanced metering infrastructure market.

The smart motors segment is expected to have the highest CAGR during the forecast period

The smart motors segment is growing at the highest CAGR in the market during the forecast period. 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.

The home area networks (HANS) segment is expected to be the largest during the forecast period

The home area networks (HANS) segment is expected to be the largest share in the market. A home area network (HAN) is a network inside the home used to provide monitoring and control over energy usage. It connects to the utility’s electric meter and monitors energy usage so the home owner can see what energy is being used and where. It is also used to give the utility a way to control the heating and air conditioning to save energy.

Region with highest share:

North America is projected to hold the largest share in the market due to the increasing adoption of smart grid technology. In addition to this increasing population and rising number of water & electricity applications is another factor responsible for the growth of the advanced metering infrastructure market in North American region.

Region with highest CAGR:

The Asia Pacific is projected to have the highest CAGR in the market due to the increasing demand for and implementation of strict regulations and policies for the adoption of smart meters among the end-users.

Key players in the market:

Some of the key players profiled in the Advanced Metering Infrastructure Market include Schneider Electric, Trilliant Networks, Inc., General Electric, Cisco Systems, Siemens, Honeywell, Landis+Gyr, Itron, IBM Corporation, Silver Spring Networks, TietoEVRY, Elster Group SE, Sensus, and Aclara Technologies LLC.

Key developments:

In May 2021: A partnership was formed between Honeywell and wireless carrier Verizon. The proper implementation of this project will fasten up and simplify the rollout of sensors, internet-connected hardware, and controllers on electrical grids to combine Verizon’s managed connectivity LTE with Honeywell internet of things sensor for forming a smarter energy grid system.

In March 2021: A partnership was being entered between Muller systems and the cadaver’s county water district for the placement of the advanced metering infrastructure network. This partnership will cover a massive area of 1000 square miles with 14000 AMI points. Most of the meters in this district would be replaced by this project and will also enhance the communicability potential of all the meters.

In August 2020: Schneider Electric launched a new software service solution, Cloud-Hosted Power Management. The cloud-based system enables users to manage their power and energy usage in real-time, eliminating the need for time and resource-intensive commitments.

In June 2020: Landis+Gyr and PSE&G Sign Contract for Advanced Metering Deployment to provide support technology for member engagement and grid management and update its advanced metering system. The grid stream of the Landis Company was deployed with an RF mesh network and to ensure secure communication with advanced meters, budget for approx. 35000 meters was passed.

Services Covered:
• System Integration         
• Program Management and Consulting       
• Meter Deployment 

Components Covered:
• Head-End System        
• Collector         
• Meter         
• Communication Infrastructure       

Devices Covered:
• Smart Meters        
• Home Area Networks (HANS)
• Support Systems (In-Home Display Units)     

Deployment Models Covered:
• On-Premise
• Cloud          

Product Types Covered:
• Communication Modules       
• Two-Way Smart Meters

Solutions Covered:
• Meter Data Management        
• Meter Communication Infrastructure       
• Advanced Metering Infrastructure Security       
• Meter Data Analytics 

End Users Covered:
• Residential        
• Industrial         
• Instrument and Control System (I&C)
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

1 Executive Summary        
         
2 Preface        

 2.1 Abstract       
 2.2 Stake Holders       
 2.3 Research Scope       
 2.4 Research Methodology       
  2.4.1 Data Mining      
  2.4.2 Data Analysis      
  2.4.3 Data Validation      
  2.4.4 Research Approach      
 2.5 Research Sources       
  2.5.1 Primary Research Sources      
  2.5.2 Secondary Research Sources      
  2.5.3 Assumptions      
         
3 Market Trend Analysis        
 3.1 Introduction       
 3.2 Drivers       
 3.3 Restraints       
 3.4 Opportunities       
 3.5 Threats       
 3.6 Product Analysis       
 3.7 End User Analysis       
 3.8 Emerging Markets       
 3.9 Impact of Covid-19       
         
4 Porters Five Force Analysis        

 4.1 Bargaining power of suppliers       
 4.2 Bargaining power of buyers       
 4.3 Threat of substitutes       
 4.4 Threat of new entrants       
 4.5 Competitive rivalry       
         
5 Global Advanced Metering Infrastructure Market, By Service        
 5.1 Introduction       
 5.2 System Integration                
 5.3 Program Management and Consulting              
 5.4 Meter Deployment        
         
6 Global Advanced Metering Infrastructure Market, By Component        

 6.1 Introduction       
 6.2 Head-End System                 
 6.3 Collector                 
 6.4 Meter                 
 6.5 Communication Infrastructure               
  6.5.1 Neighborhood Area Network             
  6.5.2 Wide Area Network              
         
7 Global Advanced Metering Infrastructure Market, By Device        
 7.1 Introduction       
 7.2 Smart Meters                
  7.2.1 Smart Water Meters             
  7.2.2 Smart Electric Meters             
  7.2.3 Smart Gas Meters              
 7.3 Home Area Networks (HANS)        
 7.4 Support Systems (In-Home Display Units)             
         
8 Global Advanced Metering Infrastructure Market, By Deployment Model        

 8.1 Introduction       
 8.2 On-Premise       
 8.3 Cloud                  
         
9 Global Advanced Metering Infrastructure Market, By Product Type        
 9.1 Introduction       
 9.2 Communication Modules               
 9.3 Two-Way Smart Meters       
         
10 Global Advanced Metering Infrastructure Market, By Solution        
 10.1 Introduction       
 10.2 Meter Data Management               
 10.3 Meter Communication Infrastructure              
 10.4 Advanced Metering Infrastructure Security              
 10.5 Meter Data Analytics        
         
11 Global Advanced Metering Infrastructure Market, By End User        
 11.1 Introduction       
 11.2 Residential                
 11.3 Industrial                 
 11.4 Instrument and Control System (I&C)       
 11.5 Commercial       
         
12 Global Advanced Metering Infrastructure Market, By Geography        
 12.1 Introduction       
 12.2 North America       
  12.2.1 US      
  12.2.2 Canada      
  12.2.3 Mexico      
 12.3 Europe       
  12.3.1 Germany      
  12.3.2 UK      
  12.3.3 Italy      
  12.3.4 France      
  12.3.5 Spain      
  12.3.6 Rest of Europe      
 12.4 Asia Pacific       
  12.4.1 Japan      
  12.4.2 China      
  12.4.3 India      
  12.4.4 Australia      
  12.4.5 New Zealand      
  12.4.6 South Korea      
  12.4.7 Rest of Asia Pacific      
 12.5 South America       
  12.5.1 Argentina      
  12.5.2 Brazil      
  12.5.3 Chile      
  12.5.4 Rest of South America      
 12.6 Middle East & Africa       
  12.6.1 Saudi Arabia      
  12.6.2 UAE      
  12.6.3 Qatar      
  12.6.4 South Africa      
  12.6.5 Rest of Middle East & Africa      
         
13 Key Developments        
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 13.2 Acquisitions & Mergers       
 13.3 New Product Launch       
 13.4 Expansions       
 13.5 Other Key Strategies       
         
14 Company Profiling        
 14.1 Schneider Electric                
 14.2 Trilliant Networks, Inc.               
 14.3 General Electric                
 14.4 Cisco Systems                
 14.5 Siemens                 
 14.6 Honeywell                
 14.7 Landis+Gyr                
 14.8 Itron                 
 14.9 IBM Corporation                
 14.10 Silver Spring Networks               
 14.11 TietoEVRY                
 14.12 Elster Group SE                
 14.13 Sensus                  
 14.14 Aclara Technologies LLC       


List of Tables         
1 Global Advanced Metering Infrastructure Market Outlook, By Region (2020-2028) ($MN)         
2 Global Advanced Metering Infrastructure Market Outlook, By Service (2020-2028) ($MN)        
3 Global Advanced Metering Infrastructure Market Outlook, By System Integration (2020-2028) ($MN)        
4 Global Advanced Metering Infrastructure Market Outlook, By Program Management and Consulting (2020-2028) ($MN)        
5 Global Advanced Metering Infrastructure Market Outlook, By Meter Deployment (2020-2028) ($MN)        
6 Global Advanced Metering Infrastructure Market Outlook, By Component (2020-2028) ($MN)        
7 Global Advanced Metering Infrastructure Market Outlook, By Head-End System (2020-2028) ($MN)        
8 Global Advanced Metering Infrastructure Market Outlook, By Collector (2020-2028) ($MN)        
9 Global Advanced Metering Infrastructure Market Outlook, By Meter (2020-2028) ($MN)        
10 Global Advanced Metering Infrastructure Market Outlook, By Communication Infrastructure (2020-2028) ($MN)        
11 Global Advanced Metering Infrastructure Market Outlook, By Neighborhood Area Network (2020-2028) ($MN)        
12 Global Advanced Metering Infrastructure Market Outlook, By Wide Area Network (2020-2028) ($MN)        
13 Global Advanced Metering Infrastructure Market Outlook, By Device (2020-2028) ($MN)        
14 Global Advanced Metering Infrastructure Market Outlook, By Smart Meters (2020-2028) ($MN)        
15 Global Advanced Metering Infrastructure Market Outlook, By Smart Water Meters (2020-2028) ($MN)        
16 Global Advanced Metering Infrastructure Market Outlook, By Smart Electric Meters (2020-2028) ($MN)        
17 Global Advanced Metering Infrastructure Market Outlook, By Smart Gas Meters (2020-2028) ($MN)        
18 Global Advanced Metering Infrastructure Market Outlook, By Home Area Networks (HANS) (2020-2028) ($MN)        
19 Global Advanced Metering Infrastructure Market Outlook, By Support Systems (In-Home Display Units)    (2020-2028) ($MN)        
20 Global Advanced Metering Infrastructure Market Outlook, By Deployment Model (2020-2028) ($MN)        
21 Global Advanced Metering Infrastructure Market Outlook, By On-Premise (2020-2028) ($MN)        
22 Global Advanced Metering Infrastructure Market Outlook, By Cloud (2020-2028) ($MN)        
23 Global Advanced Metering Infrastructure Market Outlook, By Product Type (2020-2028) ($MN)        
24 Global Advanced Metering Infrastructure Market Outlook, By Communication Modules (2020-2028) ($MN)        
25 Global Advanced Metering Infrastructure Market Outlook, By Two-Way Smart Meters (2020-2028) ($MN)         
26 Global Advanced Metering Infrastructure Market Outlook, By Solution (2020-2028) ($MN)        
27 Global Advanced Metering Infrastructure Market Outlook, By Meter Data Management (2020-2028) ($MN)        
28 Global Advanced Metering Infrastructure Market Outlook, By Meter Communication Infrastructure (2020-2028) ($MN)        
29 Global Advanced Metering Infrastructure Market Outlook, By Advanced Metering Infrastructure Security (2020-2028) ($MN)        
30 Global Advanced Metering Infrastructure Market Outlook, By Meter Data Analytics (2020-2028) ($MN)        
31 Global Advanced Metering Infrastructure Market Outlook, By End User (2020-2028) ($MN)        
32 Global Advanced Metering Infrastructure Market Outlook, By Residential (2020-2028) ($MN)        
33 Global Advanced Metering Infrastructure Market Outlook, By Industrial (2020-2028) ($MN)        
34 Global Advanced Metering Infrastructure Market Outlook, By Instrument and Control System (I&C) (2020-2028) ($MN)        
35 Global Advanced Metering Infrastructure Market Outlook, By Commercial (2020-2028) ($MN)        
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.         

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