Pune, India, June 21, 2022 (GLOBE NEWSWIRE) -- According to MarketStudyReport, global advanced metering infrastructure market is expected to generate revenues worth USD 13,898 million by the year 2028. Evolving generating capacities emerging economies, swift technological developments in the energy production equipment sector are the prime factors driving the overall market growth.
It entails a comprehensive study of backdated information and current dynamics to predict the growth pattern of this marketplace over 2022-2028. The various market segmentations are also evaluated to understand the prevailing trends and revenue-generating opportunities found in this industry vertical, further allowing for-profit enticing decisions among investors.
The primary goal of AMIs is to track and manage the use of energy resources. The technology improves on existing AMR (advanced meter reading) by allowing bi-directional meter communication, which allows for automatic real-time data collecting and bi-directional data transmission throughout the grid. To that effect, rapidly depleting non-renewable resources and growing demand for efficient utility solutions that adhere to regulatory mandates are also aiding towards the market expansion.
Request Sample copy of this Report @ https://www.marketstudyreport.com/request-a-sample/5042692/
The use of AMI-integrated meters in smart grids for housing developments, industrial, and other infrastructure developments bode well for the overall market development. Through excellent load control, reliability, and the implementation of AMI in utility designs dramatically decreases total operating expenses.
Advanced metering infrastructure also helps save energy sources and other utility stations, lower their carbon footprint by supporting energy-saving initiatives, and improved outage management services, thus favoring the overall market scenario.
Proliferating sales of smart meters owing to increasing construction of new power plants, the rehabilitation of existing power-producing facilities, and the transfer to energy-efficient models are also adding traction to advanced metering infrastructure market size
Highlighting the market segmentation
Global advanced metering infrastructure marketplace is segmented on the basis of product type, end-user reach, and regional overview. By product type, the market is segregated into smart metering devices, meter communication infrastructure, software, and services.
The software segment is further split into meter data analytics, mater data management, and others. The smart metering devices segment is also bifurcated on the basis of gas, water, and electricity.
In terms of the end-user scope, this business space is divided into commercial, residential, and industrial segments.
Ask Discount of this research report at: https://www.marketstudyreport.com/check-for-discount/5042692/
Regional analysis overview
The regional landscape of the global advanced metering infrastructure industry consists of North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.
Summarizing the competitive landscape
The key players in the worldwide metering infrastructure market include Aclara Technologies LLC, Itron Inc., Honeywell International Inc., Landis+Gyr AG, Ningbo Sanxing Medical & Electric Co. Ltd., NARI Group Corporation, OK a.m.b.a. (Kamstrup B.V.), Secure Meters Pvt. Ltd., Osaki Electric Co. Ltd., Siemens AG, Xylem Inc., and Wasion Holdings Ltd.
To access a sample copy or view this report in detail along with the table of contents, please click the link below:
Global Advanced Metering Infrastructure Market by Product Type (Revenue, USD Million, 2018-2028)
- Meter Communication Infrastructure
- Smart Metering Devices
- Electricity
- Water
- Gas
- Software
- Meter Data Management
- Meter Data Analytics
- Others
- Services
Global Advanced Metering Infrastructure Market by End User (Revenue, USD Million, 2018-2028)
- Industrial
- Commercial
- Residential
Global Advanced Metering Infrastructure Market by Regional Overview (Revenue, USD Million, 2018-2028)
- Asia Pacific
- North America
- Europe
- The Middle East & Africa
- Latin America
Global Advanced Metering Infrastructure Market by Key Players (Revenue, USD Million, 2018-2028)
- Aclara Technologies LLC
- Itron Inc.
- Honeywell International Inc.
- Landis+Gyr AG
- Ningbo Sanxing Medical & Electric Co. Ltd.
- NARI Group Corporation
- OK a.m.b.a. (Kamstrup B.V.)
- Secure Meters Pvt. Ltd.
- Osaki Electric Co. Ltd.
- Siemens AG, Xylem Inc.
- Wasion Holdings Ltd.
Table of Content:
Part 1. Summary
Part 2. Introduction
- Study period
- Geographical scope
- Market segmentation
Part 3. Advanced metering infrastructure market overview
Part 4. Market breakdown by product
- Meter communication infrastructure
- Smart metering devices (electricity, water, and gas)
- Software (meter data management, meter data analytics, others)
- Services
Part 5. Market breakdown by end user
- Residential
- Commercial
- Industrial
Part 6. Market breakdown by region
- North America
- Asia Pacific
- Europe
- Rest of the World (ROW)
Part 7. Key companies
- Aclara Technologies LLC
- Honeywell International Inc.
- Itron, Inc.
- Landis+Gyr AG
- NARI Group Corporation
- Ningbo Sanxing Medical & Electric Co., Ltd.
- OK a.m.b.a. (Kamstrup B.V.)
- Osaki Electric Co., Ltd.
- Secure Meters Pvt Ltd.
- Siemens AG
- Wasion Holdings Ltd.
- Xylem Inc.
Part 8. Methodology
Related Report:
Smart Meters Market Size, COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028
The global smart meters market is estimated to proliferate at a significant rate through 2028 owing to notable technological advancements in the product. Additionally, rapid shift in the development of smart grid networks is foreseen to further bolster industry expansion over the forecast timeline. Recently, major companies in the industry have been formulating profitable strategies, such as mergers & acquisitions, alliances, and product development, among others, which has enhanced smart meters market dynamics. For instance, in March 2022, Honeywell International Inc., the American technology company, signed a deal with Duke Energy Sustainable Solutions (DESS), a leading sustainable energy provider, to develop and deliver energy resiliency solutions jointly. Meanwhile, the Latin America smart meters industry is expected to grow at a steady rate over the review timeline to reach a sizable valuation by the end of 2028. Prevalent establishment of green buildings, coupled with widespread implementation of government standards and measures focused on energy efficiency, is primed to foster regional industry outlook in the future.
Smart Water Metering Market Size, COVID-19 Impact Analysis, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022 – 2028
The global smart water metering market is poised to account for significant gains over the forecast period of 2022-2028, backed by the alarming concerns raised towards growing water shortage and dearth of natural water resources. As per UNICEF statistics, 4 billion people worldwide experience severe water scarcity for at least one month every year. Moreover, as per a study by World Wildlife Fund, nearly 2/3rd of the global population may face water shortage by 2025 end. The Latin America smart water metering market is foreseen to depict a CAGR of 16% through 2028. For instance, the DEWA (Dubai Electricity and Water Authority) announced installing more than 2 million water smart meters in Dubai. This forms a significant part of the agency's efforts to establish a cutting-edge digital infrastructure, in compliance with the highest international standards and support the Smart Dubai initiative to make the country the smartest and happiest city globally.
About US:
Market Study Report is a hub for market intelligence products and services.
We streamline the purchase of your market research reports and services through a single integrated platform by bringing all the major publishers and their services at one place.
Our customers partner with Market Study Report, to ease their search and evaluation of market intelligence products and services and in turn focus on their company's core activities.
If you are looking for research reports on global or regional markets, competitive information, emerging markets and trends or just looking to stay on top of the curve then Market Study Report, is the platform that can help you in achieving any of these objectives.
