The increasing demand for the smart city and smart grid, and the growing need for energy across the world are driving the demand for the market
VANCOUVER, BRITISH COLUMBIA, CANADA, May 4, 2022 /EINPresswire.com/ — Global Advanced Metering Infrastructure Market Research Report is an investigative report providing an extensive study of the global Advanced Metering Infrastructure market with regards to market size, market share, current and emerging trends, and latest technological developments. The report also sheds light on the competitive landscape of the Advanced Metering Infrastructure market on the global and regional scale, along with a thorough forecast estimation to 2027
The global Advanced Metering Infrastructure Market is forecasted to be worth USD 24.68 Billion by 2027, according to a new report by Emergen Research. The growing industrialization, urbanization, and population growth are expected to drive the advanced meter infrastructure market growth during the forecast period. The rising demand for smart cities and smart grid projects is also anticipated to boost the market growth shortly.
However, the lack of government spending on infrastructure installations and lack of inter-operability standards in different regions are expected to hinder the market growth during the forecast timeframe.
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In addition, the study probes into the major factors such as import and export status, consumption volume, supply chain management, production capability and spending power to help business owners, stakeholders as well as field marketing executives zero in on profitable business strategies and stay competitive. A thorough analysis of intense competition among the top performers and strategies that have enabled them to occupy a strong foothold in the Advanced Metering Infrastructure market makes the report a valuable resource for product owners exploring new avenues. All the vital information is presented through charts, graphs and tables and can be refereed for an industry specific presentation.
Key Highlights from the Report
In May 2018, A contract to form a joint venture to acquire Acumen from Australia’s largest energy supplier, Origin Energy Limited, was announced by Landis+Gyr and Pacific Equity Partners. The merged company is poised to deploy a significant proportion of the projected 8 million smart meters to be deployed across Western Australia, and South Australia by the acquisition of the Acumen business.
This is expected that the smart electric meter segment will dominate the market over the forecast timeframe. Supported by government spending and appropriate water meter regulations, the smart water meter segment is expected to grow with a CAGR of 15.7% during the forecast period.
In the advanced metering infrastructure market, the system integration segment is expected to hold the largest market due to features such as enhanced real-time monitoring, service reliability, important data collection, cost benefits, and better control and analysis.
Owing to highly extensible, flexible, and easily configurable, the meter data management solution is expected to dominate the market throughout the forecast period.
Due to rising customer penetration of smart electric meters, the residential sector is anticipated to hold the largest market share over the forecast timeframe, since it offers greater transparency than traditional electric meters.
Based on the competitive landscape, the market report analyzes the key companies operating in the industry:
IBM Corporation, General Electric, Schneider Electric SE, Elster Group Gmbh, Cisco Systems, Inc., Siemens AG, Itron, Inc., Eaton Corporation plc, Aclara Technologies LLC, and Landis+Gyr, among others.
The report segments the Advanced Metering Infrastructure market on the basis of geography, end-user, end-use, product application, type, share, growth rate and size to reveal where the industry will be in the coming years. The researchers assessing the industry have included the details about the recent decisions and events such acquisition and mergers, collaborations, product launch and investments. Important decisions connected with such events come handy for business owners when positioning their brands in the global market and finalizing the marketing strategies.
The global Advanced Metering Infrastructure market report covers the analysis of drivers, trends, limitations, restraints, and challenges arising in the Advanced Metering Infrastructure market. The report also discusses the impact of various other market factors affecting the growth of the market across various segments and regions. The report segments the market on the basis of types, applications, and regions to impart a better understanding of the Advanced Metering Infrastructure market.
Emergen Research has segmented the global Advanced Metering Infrastructure Market on the basis of type, service, solution, end-use, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Smart Gas Meter
Smart Electric Meter
Smart Water Meter
Service Outlook (Revenue, USD Billion; 2017-2027)
Program Management and Consulting
Service Outlook (Revenue, USD Billion; 2017-2027)
Meter Communication Infrastructure
Meter Data Analytics
Meter Data Management
Advanced Metering Infrastructure Security
End-Use Outlook (Revenue, USD Billion; 2017-2027)
Detailed Regional Analysis covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
To know more about the report, click here @ https://www.emergenresearch.com/industry-report/advanced-metering-infrastructure-market
Key Benefits of Buying the Global Advanced Metering Infrastructure Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Advanced Metering Infrastructure Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Advanced Metering Infrastructure Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Advanced Metering Infrastructure Market
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Article originally published at https://www.einpresswire.com/article/571040629/advanced-metering-infrastructure-market-size-demand-scope-share-growth-applications-and-forecasts-report-2027
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