Advanced Metering Infrastructure Market by Component, End User

Description

List of Tables

[197 Pages Report] The Advanced Metering Infrastructure Market size was estimated at USD 19.85 billion in 2023 and expected to reach USD 21.98 billion in 2024, at a CAGR 12.55% to reach USD 45.42 billion by 2030.

Advanced metering infrastructure (AMI) refers to an integrated system of smart meters, communication networks, and data management systems that enables two-way communication between utilities and customers. The primary purpose of AMI is to facilitate the efficient measurement, collection, and analysis of energy, water, or natural gas usage in real-time or at predetermined intervals. By leveraging advanced communication technologies, AMI provides detailed consumption data and supports a wide range of energy management and grid efficiency applications. This infrastructure enhances operational efficiencies, promotes energy conservation, and enables improved customer engagement through more accurate billing and personalized energy usage information. As part of the broader smart grid initiative, AMI has a crucial role in modernizing and optimizing the utility sector, paving the way for a sustainable and energy-efficient future. The adoption of advanced metering infrastructure (AMI) is primarily driven by the growing demand for improved energy efficiency and optimized energy management solutions. Governments worldwide are implementing regulations to promote energy conservation, which, in turn, serves as a significant catalyst for AMI deployment. The AMI market faces several challenges. High initial investment and the complexity of deploying AMI systems across varied geographical and infrastructural landscapes present considerable obstacles. However, integrating AMI with renewable energy sources, such as solar and wind, provides a future growth avenue by facilitating better demand response and grid stability. Additionally, advancements in IoT (Internet of Things) and machine learning technologies offer the potential for enhancing AMI functionalities, such as predictive maintenance and load forecasting, thereby creating opportunities for the advanced metering infrastructure market.

KEY MARKET STATISTICS
Base Year [2023]	USD 19.85 billion
Estimated Year [2024]	USD 21.98 billion
Forecast Year [2030]	USD 45.42 billion
CAGR (%)	12.55%

Component: Growing demand for robust analytical software with powerful data processing and insight generation capabilities

The hardware component of advanced metering infrastructure (AMI) includes smart meters, communication modules, and other physical devices that facilitate collecting and transmitting energy usage data. Smart electric meters measure and record electricity consumption in real time or at specified intervals. They can communicate information back to utility providers for monitoring and billing, promoting energy savings and grid efficiency. Similar to electric meters, smart gas meters are designed for gas utilities. They automatically collect usage data and send it to the energy supplier. Smart water meters record water use and provide data to both water utilities and consumers. This helps reduce water waste, detect leaks promptly, and manage water resources more efficiently.

AMI services encompass installation, maintenance, and consulting, facilitating the operation of the hardware and software components. These services ensure the efficient deployment and management of AMI systems. Meter deployment service encompasses metering device planning, installation, testing, and commissioning. It ensures that meters are accurately recording and transmitting usage data as intended. Program management & consulting guide utilities through the complexities of AMI deployments, including strategic planning, financial analysis, project management, and technological advice. System integration service ensures that the new metering infrastructure works seamlessly with existing utility systems for billing, customer service, and grid management, enhancing operational efficiency and reliability.

AMI software includes platforms for data management, analytics, and customer interaction. These tools convert raw data into actionable insights, facilitating decision-making and improving customer engagement. Advanced metering infrastructure security protects AMI systems against unauthorized access, data breaches, and cyber-attacks, ensuring customer data privacy and system integrity. Meter communication infrastructure encompasses the technologies and networks that enable two-way communication between meters and utility systems, allowing for real-time data collection and remote management. Meter data analytics software analyzes vast amounts of data generated by smart meters to extract actionable insights, improve operations and customer service, and facilitate informed decision-making. Meter data management manages and validates metering data, ensuring its billing, reporting, and analysis accuracy. It serves as a central repository for all meter-related data across the utility.

End User: Growing AMI deployment in the industrial sector to handle large volumes of utility data

Commercial end-users of advanced metering infrastructure (AMI) encompass a broad range of operations, including office buildings, retail, hospitality, and healthcare facilities. This sector leverages AMI to optimize utility consumption, reduce operational costs, and enhance sustainability efforts. The adaptability and scalability of AMI systems are particularly beneficial for commercial users, allowing for tailored solutions that can grow and evolve in alignment with business needs. Industrial end users, including manufacturing plants, processing facilities, and warehouses, utilize AMI to gain precise control over their substantial energy and water consumption. AMI's real-time monitoring capabilities facilitate a deeper understanding of utility use patterns, helping pinpoint improvement areas. For the industrial sector, AMI supports industrial users in their compliance with environmental regulations and in achieving sustainability goals by enabling more informed decision-making regarding energy use and carbon footprint reduction. Residential users are diverse, ranging from single-family homes to multi-tenant buildings. Advanced Metering Infrastructure provides these users with enhanced visibility into their utility consumption, empowering them with the information needed to manage electricity, water, and gas usage more effectively and lower their utility bills. Additionally, AMI supports the integration of renewable energy sources and electric vehicles, promoting a more sustainable and efficient energy ecosystem within residential environments.

Regional Insights

The advanced metering infrastructure (AMI) market in the Americas is exhibiting robust growth, underpinned by regulatory mandates in both the United States and Canada that encourage the adoption of smart meters and grid modernization initiatives. Additionally, countries in Latin America are increasingly recognizing the benefits of AMI systems in improving the reliability of utility supply, thereby fuelling the market growth in this region. In Europe, the adoption of AMI solutions is primarily driven by the EU mandates targeting energy efficiency and the reduction of carbon emissions. In contrast, the Middle East and Africa are showing growth potential, driven by the need to manage increasing water and electricity demand, reduce energy theft, and support the transition to renewable energy sources. The APAC region is witnessing the fastest growth in the AMI market, attributed to rapid urbanization, increasing energy demand, and government initiatives towards smart grid projects. Moreover, the wide availability of raw materials, skilled workforce, and strong manufacturing hubs across the region provide lucrative opportunities for the advanced metering infrastructure providers.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Advanced Metering Infrastructure Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Advanced Metering Infrastructure Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Advanced Metering Infrastructure Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Capgemini SE, DNV AS, Eaton PLC, EDF International Networks SAS, Fluentgrid Limited, General Electric Company, Genus Power Infrastructures Ltd., German Metering GmbH, Hitachi Ltd., Honeywell International Inc., Hubbell Incorporated, International Business Machines Corporation, Inventia Technology Consultants Pvt. Ltd., Itron Inc., Mitsubishi Electric Corporation, Mueller Systems LLC, Oracle Corporation, Schneider Electric SE, Sensus Solutions by Xylem Inc., Siemens AG, Tieto Corporation, Toshiba Corporation, Trilliant Holdings Inc., and Trilliant Inc..

Market Segmentation & Coverage

This research report categorizes the Advanced Metering Infrastructure Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
- Hardware
  - Smart Electric Meters
  - Smart Gas Meters
  - Smart Water Meters

Services
- Meter Deployment
- Program Management & Consulting
- System Integration

Software
- Advanced Metering Infrastructure Security
- Meter Communication Infrastructure
- Meter Data Analytics
- Meter Data Management

End User
- Commercial
- Industrial
- Residential

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Advanced Metering Infrastructure Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Advanced Metering Infrastructure Market?

3. What are the technology trends and regulatory frameworks in the Advanced Metering Infrastructure Market?

4. What is the market share of the leading vendors in the Advanced Metering Infrastructure Market?

5. Which modes and strategic moves are suitable for entering the Advanced Metering Infrastructure Market?

Product Code: MRR-F97DD5A7DEBB

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing demand for improved energy efficiency and heightened need for grid reliability
  - 5.1.1.2. Government initiatives supporting adoption of advanced metering infrastructure
- 5.1.2. Restraints
  - 5.1.2.1. High upfront costs and integration issues of AMI systems
- 5.1.3. Opportunities
  - 5.1.3.1. Integration of advanced technologies in AMI systems
  - 5.1.3.2. Growing potential of advanced metering infrastructure in green power initiatives
- 5.1.4. Challenges
  - 5.1.4.1. Challenge associated with data privacy and security
5.2. Market Segmentation Analysis
- 5.2.1. Component: Growing demand for robust analytical software with powerful data processing and insight generation capabilities
- 5.2.2. End User: Growing AMI deployment in the industrial sector to handle large volumes of utility data
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Advanced Metering Infrastructure Market, by Component

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Advanced Metering Infrastructure Market, by End User

7.1. Introduction
7.2. Commercial
7.3. Industrial
7.4. Residential

8. Americas Advanced Metering Infrastructure Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Advanced Metering Infrastructure Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Advanced Metering Infrastructure Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. IntelliSmart Selects Trilliant as a Software Partner for Head-end System Implementations Across India
- 11.3.2. Genus Power's Arm Receives LoA for a Contract Worth INR 3,121 Crore
- 11.3.3. HPL Partners with WBSEDCL for Advanced Metering Project
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio