Rising demand for the development and modernization of power grids as well as aidful steps generally taken by several organizations around the world especially for the replacement of conventional electronic meters as well as enhanced and improved meters that are capable of providing enhanced collection of data coupled with meter reading are some of the major and crucial elements fueling the growth of the global advanced metering infrastructure market over the forecast period. In addition to this, development of new and dynamic pricing procedures along with increasing number of demand response schemes are some of the major factors driving the demand for smart metering infrastructures across the globe. Increasing programs related to demand response are usually considered as major factors of growth in the global advanced metering infrastructure market and are anticipated to fuel the growth of the market throughout the forecast period. Further, advanced metering infrastructure is also called as the integration of hardware, software as well as other advanced technologies that furnish proper, efficient and intelligent connections across end to end consumers.
Some of the major factors acting as drivers in the global advanced metering systems market include introduction of new technologies and advancements in the utility industry. These facros are projected to propel the demand for a vast range of systems with water and collections utilities. In addition to this, increasing number of legislative policies as well as environmental policies in order to conserve organizations, resources are anticipated to introduce new dynamic pricing schemes along with rising demands for response in order to lower the overall consumption of energy or shift to non-peak times is one of the major factors bolstering the growth of the global advanced metering infrastructure market and is anticipated to drive the demand for advanced metering systems throughout the forecast period.
The global advanced metering infrastructure market can be classified based on service, device, solution and region. Based on device, the global advanced metering infrastructure market can be classified into smart gas meters, smart water meters, communication modules and smart electric meters. Based on service, the global advanced metering infrastructure market can be classified into meter deployment, system integration, and consulting and program management. Based on solution, the global advanced metering infrastructure market can be classified into meter data analytics, meter data management, meter communication infrastructure and AMI security. Based on region, the global advanced metering infrastructure market can be classified into North America, Latin America, Europe, Middle East & Africa and Asia Pacific. The robust demand especially in the Asia Pacific region is anticipated to be one of the key driving factors for the overall growth of the global market. Moreover, China is further projected to account for the highest share in the global market and is anticipated to maintain its lead in the overall demand during the forecast period. This can be attributed to rapid industrialization and increasing urbanization during the past few years. The markets in various other developing economies such as Brazil, Russia, Poland, Indonesia, New Zealand, Argentina, India and Korea among others are also predictable to witness a rapid growth throughout the forecast period. In addition to this, increasing per capita disposable income and surge in the global economy is another key factor.
Key players operating in the global market are focused on some of the major market strategies such as mergers, partnerships, collaborations and acquisitions in order to keep hold in the ever competitive global market. Furthermore, they are focusing on gaining hold on the local players to strengthen their goodwill as well as to enhance their market reach in the global market. Key players involved in the manufacture and supply of advanced metering infrastructure mechanisms include lcara Technologies LLC, Cisco Systems Inc., Elster Group SE, General Electric, IBM Corporation, Itron Inc., Teito Corporation, Sensus, Trilliant Inc., Schneider Electric, Schneider Electric SA, Silver Spring Network, General Electric, Landis+Gyr, Echelon Corporation and Eaton Corporation Itron among others.
• Smart gas meters
• Smart water meters
• Smart electric meters
• System integration
• Meter deployment
• Program management and consulting
• Meter data management
• Meter data analytics
• Advanced Metering Infrastructure security
• Meter communication infrastructure
• North America
• Asia-Pacific (APAC)
• Middle East and Africa (MEA)
• Latin America