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Advanced Metering Infrastructure (AMI) Market

Advanced Metering Infrastructure (AMI) Market

Demand for Advanced Metering Infrastructure (AMI) to Spur on the Back of Rapid Technological Advancements in the Power Industry

Advanced Metering Infrastructure (AMI) Market
FACT6958MR
  • Sep-2021
  • List of Tables : 116
  • List of Figures : 38
  • 170 Pages
  • Technology

Market Snapshot

According to a new industry analysis by Fact.MR, the global advanced metering infrastructure (AMI) market accounted for a valuation of nearly US$ 7 Bn in the year 2020, and is expected to expand nearly 2X by the end of 2031, surging at a stellar CAGR of approximately 9%, mainly driven by high demand for smart electric meters across geographies.

Advanced metering infrastructure solutions have proven very effective and efficient in handling increasing demand for power, and are now becoming an integral part of power grid systems across the world.

Key Insights Covered in Advanced Metering Infrastructure Industry Survey:

  • Market Estimates and Forecasts (2016-2031)
  • Production Capacity Analysis of Prominent Manufacturers
  • Advanced Metering Infrastructure Market Size in 2021
  • Key Drivers and Restraints Shaping Market Growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Advanced Metering Infrastructure Market Growth to 2031
  • Analysis of Supply Contracts, Avg. Consumption, Potential for Direct & Indirect Sales
  • Analysis of Capacity Factor, Utilization Rate, Purity Scales, etc.
  • COVID-19 Impact on Advanced Metering Infrastructure Demand and How to Navigate
  • Recommendation on Key Winning Strategies

Demand Analysis of Advanced Metering Infrastructure from 2016 to 2020 Vs. Market Outlook for 2021 to 2031

In this comprehensive assessment of the AMI marketplace, analysts from Fact.MR, a market research and competitive intelligence provider, have listed and explained all the key market drivers and trends that will shape demand over the decade. Along with the forecasts, the report is also equipped with useful data from the historical period (2016-2020).  

Deployment of advanced metering infrastructure solutions is expected to see a major upward trend soon. Growth in demand can be attributed to factors such as increasing demand for power in urbanizing nations, rapid technological developments in the power industry, and requirement of solutions that adhere to changing regulations by various governments.

Revenue from advanced metering infrastructure was estimated to be around US$ 7 Bn in 2020, and is expected to double in value by the end of the decade.

Advancements in AMI technology over the next few years are anticipated to be substantial, and this is expected to lead to some major changes to power generation, distribution, and management infrastructure as well.

Advanced metering infrastructure market regional analysis by Fact.MR

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Will Latest Innovations in Advanced Metering Infrastructure Benefit the Industry?

In the 21st century, everything is going digital, and the transformation to automated and AI technologies has completely changed the way we manage our tasks. Rapidly exhausting non-renewable resources of energy and rising climate concerns are major issues in the power industry.

Now that these sources are becoming scarce and are depleting, and hence, better management infrastructure is needed. Advanced metering infrastructure solutions and services deliver just that, as they make it very easy to manage, monitor, and transmit data.

Increase in demand for advanced metering infrastructure solutions and services has sped up research & development in this market. Innovations in the power equipment industry are on the rise, and demand for AMI is expected to be met by new innovative solutions that manufacturers and distributors are coming up with to maximize their revenue potential.

How is Demand for Two-way Smart Meters Shaping Up?

Deployment of advanced metering infrastructure solutions is majorly aimed at managing and monitoring energy resources and their utilization. The current AMR (advanced meter reading) technology only allows us to monitor, and comes with certain constraints. AMI-integrated meters are used in developing an effective AMI solution.

These meters are two-way smart meters, and they not only monitor but also allow us to communicate information from either ends, which facilitates real-time data transmission and automatic data collection all over the grid. Meter data management and meter communication infrastructure will also be vital in maximizing the potential of smart meters.

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.

How is Development of Smart Grids Vital to Demand for AMI Solutions?

Development of new and advanced smart grids will see major implementation of AMI technology, from construction to management.  AMI-integrated meters in smart grids will allow grid management to effectively track and monitor usage and optimize the grid to function efficiently. AMI enterprise services are also expected to see increase in demand as smart grids become mainstream.

Use of AMI in utility architecture will not only benefit grid management but also reduce operating costs through effective load management, and will also provide more reliability as there would bi-directional information exchange to identify issues and find optimal solutions.

Advanced metering system integration will be driven by the popularity of smart homes and the need for smart power solutions to manage them. Demand for advanced metering system integration will also see a major hike as governments make it mandatory to deploy smart solutions such as smart meters.

Manufacturers and players involved in the industry are also focusing on providing services to utilities, such as advanced metering program management and consulting, meter data management (MDM) services, advanced metering infrastructure security, and more. Manufacturers are also focusing on the demand for meter communication infrastructure, and are investing in the research & development of new advanced metering communication modules to fulfil demand.

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How Can AMI Help in Reducing Carbon Footprint of the Power Industry?

Use of advanced metering infrastructure analytics will be key to efficiently manage and monitor smart grids. As these analytics would be providing crucial data such as consumer usage behaviors, identify unusual patterns, load forecasting, energy pattern analysis, and much more, it will become more imperative to make use of this data to enhance the grid. This will drive demand for advanced metering infrastructure analytics.

With such advanced analytical solutions from AMI, it can help reduce the carbon footprint of power stations and power plants by promoting energy-efficient programs, reinforced outage solutions, effective energy conservation initiatives, etc.

How Has This Study Categorized the AMI Industry?

The global advanced metering infrastructure market has been segmented on the basis of device and region. The device segment is further bifurcated as smart gas meters, smart water meters, and smart electric meters. Of these, demand for smart electric meters is expanding at the highest pace, followed by smart gas meters and smart water meters.

Which Regional Market is in the Eye of Industry Players?

The advanced metering infrastructure industry survey analyzes the market in key regions such as North America, Latin America, Europe, Japan, APEJ, and MEA.

Adoption of AMI is expected to be most prevalent in emerging economies, and regions with developing economies are expected to be most lucrative markets. Liberalization and privatization of the electricity generation sector is expected to drive demand for advanced metering infrastructure across most geographies.

Migration to energy-efficient models in regions such as North America and Europe is a major factor driving demand for AMI solutions in these regions. Demand for advanced metering infrastructure in Canada is anticipated to rise at a positive CAGR of nearly 7% over the next ten years.

The Asia Pacific region is expected to witness the highest growth in terms of CAGR. The market in China is anticipated to be the fastest-growing in the region. Strong government support and substantial research & development are expected to drive this regional market.

Demand for meter data management in Japan is also expected to increase rapidly as the implementation of AMI picks pace in the country.

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Country-wise Analysis

What Potential Does AMI Have in the U.S.?

Through funding received for the Smart Grid Investment Grant (SGIG) program by the American Recovery and Reinvestment Act (ARRA), the U.S. has bolstered its advanced metering infrastructure. Widespread adoption of AMI in newly built homes is expected to drive demand for smart meters in the country.

In the U.S., the number of houses represents the potential market scope for utilities providing gas, and as new homes are being built, sales of smart gas meters are also expected to rise. Manufacturers of smart gas meters in the U.S. are eyeing to cash in this potential as demand increases.

Why is the AMI Industry in China Anticipated to Expand Rapidly?

The sheer size of China depicts how huge its industrial as well as residential power requirements are always increasing. The nation’s developments in smart grid technologies have been noteworthy and have made it a global leader in the power industry. Strong government support and significant investment backing have been majorly driving market growth in China.

Implementation of 5G technologies is expected to further boost growth and bolster its smart grid infrastructure. The AMI industry in China is expected to expand at an impressive CAGR of nearly 11% over the decade. As a result, demand for AMI program management and consulting is also expected to see some major growth.

Category-wise Insights

Why are Smart Electric Meters Highly Sought-after across Regions?

Popularity of smart electric meters is increasing and demand for the deployment of these meters is expected to rise rapidly as more smart grids are formed and developed. Emerging economies such as India have also increased their smart meter deployment over the past couple of years, and aim to rollout 250 Mn smart meters by the end of 2025.

With features such as meter data analytics and bi-directional communication capabilities, smart electric meters seem the perfect solution to manage the advanced power infrastructure needs of the digital world.

Why are Sales of Smart Gas Meters Gaining Momentum?

The world is moving in a new direction of digitization and sustainable solutions. Use of gas to power vehicles and for residential purposes has increased as urbanization paces in many regions. Innovative and safe solutions to monitor gas consumption are being researched by many manufacturers, and some have been very successful.

For instance, NICIGAS’ new Space Hotaru solution is a step in digitizing data collection from smart gas meters. The solution is currently being deployed in Japan, and is changing the way gas consumption is monitored in real time.

Unique solutions and increasing demand for gas has pushed manufacturers and distributors to create effective, yet easy-to-deploy smart gas meters and solutions.

Competition Landscape

Key provides of AMI are investing in research & development to create effective and optimized solutions that would be compliant with regulations and maximize revenue potential.

Apart from that, manufacturers are also are opting for growth strategies such as capacity expansion, partnerships, distribution deals, and mergers to help them garner more market share and sales revenue.

  • NICIGAS is an energy company engaged in liquefied petroleum gas (LPG), city gas, and electricity. The company came up with a unique solution to digitize data collection from various smart meters in Japan. Space Hotarus a Network Controlling Unit (NCU) provides direct consumption data to the company’s IoT data platform known as NICIGAS Stream.

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Advanced Metering Infrastructure Industry Report Scope

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

US$ Mn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • APEJ
  • MEA

Key Countries Covered

  • United States
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • China
  • Japan
  • South Korea
  • India
  • Indonesia
  • Malaysia
  • Singapore
  • Australia
  • New Zealand
  • Turkey
  • South Africa
  • and GCC Countries

Key Market Segments Covered

  • Device
  • Region

Key Companies Profiled

  • Aclara Technologies LLC
  • Elster Group GmbH
  • Schneider Electric SE
  • Itron Inc.
  • International Business Machines Corporation
  • Cisco Systems Inc.
  • Eaton Corporation
  • Siemens AG.

Pricing

Available upon Request

Segmentation of Advanced Metering Infrastructure Industry Research

  • By Device

    • Smart Gas Meters
    • Smart Water Meters
    • Smart Electric Meters

Advanced Metering Infrastructure (AMI) Market - Scope of Report

A recent study by Fact.MR on the advanced metering infrastructure (AMI) market offers a 10-year forecast for 2021 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of advanced metering infrastructure.

The study also provides the dynamics that are responsible for influencing the future status of the market over the forecast period. A detailed assessment of value chain analysis, business execution, cost structure analysis, and supply chain analysis across regional markets has been covered in the report.

A list of prominent companies in AMI market, along with their product portfolios, key strategies, and SWOT analysis enhances the reliability of this comprehensive research study.

Report Summary

The study offers comprehensive analysis on diverse features, including speculative and current production capacity, capacity utilization rates, captive consumption rates, grade-wise pricing, revenue growth and list of consumers with consumption quantity, trade analysis, product enhancements, and revenue generation from advanced metering infrastructure across the globe.

A comprehensive estimate on the market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the revenue through AMI during the forecast period.

Analysis on Market Size Evaluation

The market has been analyzed for each market segment in terms of volume (KT), and value (US$ Mn).

Market estimates at global and regional levels for advanced metering infrastructure are available in terms of “US$ Mn”. A Y-o-Y growth contrast on prominent market segments, along with market attractiveness evaluation, has been incorporated in the report. Furthermore, absolute dollar opportunity analysis of all the segments adds prominence to the report.

Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a company can look to achieve, along with identifying potential resources, considering the revenue perspective in the global AMI market.

Inspected Assessment on Regional Segments

Key sections have been elaborated in the report, which have helped deliver projections on regional markets. These chapters include market forces analysis, which is expected to have a momentous influence on the growth of the advanced metering infrastructure market during the forecast period.

Country-specific valuation on revenue for AMI has been offered for each regional market, along with market scope estimates and forecasts, and impact analysis of the dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.

Detailed breakup in terms of value for key countries has also been included in the report.

In-depth Analysis on Competition

The report sheds light on leading providers of advanced metering infrastructure along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the AMI business has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as production sites & capacities, product portfolios, channel partners, prominent consumers and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the advanced metering infrastructure market.

- FAQs -

Global advanced metering infrastructure market revenue totaled approximately US$ 7 Bn in the year 2020.

The advanced metering infrastructure industry survey predicts the market to progress at a stellar CAGR of around 9% over the next ten years.

The market in China is expected to progress at an astronomical CAGR of nearly 11% through the forecast period.

Landis+Gyr, Itron, Honeywell International, Apator Group, and Diehl Metering are some of the major smart gas meter manufacturers mentioned in the report.

Cisco Systems Inc., IBM Corporation, General Electric, Schneider Electric SE, Itron Inc., Aclara Technologies LLC, Elster Group GmbH, Trilliant Holdings Inc., and Siemens AG are some of the prominent players profiled in the research.

Implementation of 5G in smart grids, integration advanced smart metering, and other technological trends such as AI and IoT are expected to be prevalent in the AMI industry.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.