Advanced Metering Infrastructure (AMI) Market Research Report 2023-2028

The global advanced metering Infrastructure (AMI) market size reached US$ 20.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 43.0 Billion by 2028, exhibiting a growth rate (CAGR) of 13.3% during 2023-2028.

Advanced metering infrastructure (AMI) allows two-way communication meters to read electrical consumption at a higher frequency. This information can be processed in real time, and signals are sent to manage demand. Demand-side management needs a lot of data processing to understand the load patterns and to create proper signals that enable optimal use of the distribution grid and control reserve and frequency response. Collecting data at each meter is essential for energy suppliers and distribution system operators to sufficiently understand the patterns of electrical energy users so they can magnify market signals and comprehend customer behavior. AMI allows for applications that show users how and when they are consuming energy and makes it useful to devise methods or algorithms by which response to prices can be automated and programmed.

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Industry Trends & Drivers

The escalating product demand, as it has the ability to automatically and remotely measure electricity use, connect and disconnect service, detect tampering, identify and isolate outages, and monitor voltage, is among the primary factors driving the advanced metering infrastructure (AMI) market. Besides this, the increasing penetration of the internet of things (IoT) and the elevating requirement for low-bandwidth, low-cost, and delay-insensitive solutions are further augmenting the market growth. Moreover, the development of an integrated and IT-enabled power grid and other support software to analyze the patterns is also catalyzing the global market. Apart from this, the growing popularity of new and innovative technologies, such as broadband PLC and low-power wide-area networks (LPWAN), is expected to bolster the advanced metering infrastructure (AMI) market in the coming years.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aclara Technologies LLC, Cisco Systems Inc., Eaton Corporation plc, Honeywell International Inc., International Business Machines Corporation, Itron Inc., Landis+Gyr, Mueller Systems LLC, Schneider Electric SE, Sensus and Trilliant Holdings Inc.

Report Segmentation

Breakup by Product Type:

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

Breakup by End User:

  • Residential
  • Commercial
  • Industrial

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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