Advanced Metering Infrastructure Market 2019 Global Industry Size, Sales Revenue, Developments, Key Players Analysis, Opportunities and Regional Forecast 2023

Market Research Future published a research report on “Advanced Metering Infrastructure Market Research Report - Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - May 13, 2019 /MarketersMedia/ —

Market Insight

Market Research Future (MRFR) states that the global advanced metering infrastructure market is projected to achieve the value of USD 9 billion by 2023. The global market is set to expand at a CAGR of 14% during the forecast period (2017-2023). AMI (Advanced Metering Infrastructure) is the collective term that refers to the whole infrastructure from Smart Meter to two way-communication network. It is used to control center equipment and all the applications that enable the gathering and transfer of energy usage information in real-time.

Drivers and restraints

Accelerated integration of Internet of Things (IoT) with smart grid to open many avenues

The market size for AMI has tremendously grown over the past years, with the emergence of disruptive technologies, such as internet of things (IoT) and connected devices further fuelling the opportunity areas for AMI. With the emergence of connected devices like home gateways, smart meters, and smart plugs, innovations to manage energy usage have come into the picture. Elevated integration of IoT with smart grid opens key avenues for the growth of the AMI market as well. For instance, in 2018, Huawei started using Long-Term Evolution-IoT (eLTE-IoT backbone) network as the backbone for the AMI system. The system is designed to provide secure and cost-effective End-to-End (E2E) smart grid solutions.

Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/5185

On top of that, a number of benefits offered by the technology, such as the ability to detect outages and facilitation of real-time energy consumption patterns for end-users are anticipated to create traction for the market in coming years.

According to experts, the market size is bound to expand regardless of lack of capital investments for infrastructure installation. This is a safe assumption as the rising demand for energy is expected to propel the demand for advanced metering infrastructure in the coming years.

Key Players:

Some of the prominent players in the global Advanced Metering Infrastructure Market Cisco Systems, Inc. (U.S.), International Business Machines Corporation (U.S.), General Electric (U.S.), Schneider Electric SE (France), Itron, Inc. (U.S.), Aclara Technologies LLC (U.S.), Elster Group GmbH (Germany), Sensus (U.S.), Tieto Corporation (Finland), Trilliant, Inc. (U.S.), Silver Spring Networks (U.S.), Siemens AG (Germany), Cooper Industries (U.S.) among others.

Segmental Analysis

The segmentation of the advanced metering infrastructure market consists of service, system, device type, and region. The device type segment of the market consists of smart water meters, smart electric meters, smart gas meters, and advanced communication modules among others. The service segment of the market is segmented into meter deployment, system integration, AMI consulting, AMI management, and others. The system segment of the advanced metering infrastructure comprises of meter data management, meter data analytics, communication infrastructure, and AMI security and others. The market spans across regions such as Europe, North America, Asia Pacific, and the rest of the world.

Detailed Regional Analysis

The regional analysis of advanced metering infrastructure market is studied for regions namely Asia Pacific, North America, Europe and the Rest of the World. The North American region is one of the foremost regions in the market for advanced metering infrastructure in terms of market share. The advanced metering infrastructure market in this region has an enormous demand share owing to the growing implementation of smart grid technology, which is pushing the market growth to a huge extent. The progressive metering infrastructure market in the European region is anticipated to observe speedy growth in the approaching period. While, the countries in the Asia Pacific region such as Japan, China, and India are a developing advanced metering infrastructure market, which is expected to grow at a maximum CAGR in the impending years.

Industry Updates:

Jan 2019 Dayton Power and Light (DP&L) has filed an offer with the Public Utility Commission of Ohio to fulfill its digital transformation strategy. If the offer is approved, DP&L will devote $576 million to modernize its energy distribution system over the span of the next decade. The utility will increase the $576 million required by growing energy bills for usual retail customers using 1000kWh by $1.99 for each month.

Get Complete Report @ https://www.marketresearchfuture.com/reports/advanced-metering-infrastructure-market-5185

Intended Audience

• Advanced metering infrastructure companies
• Advanced metering infrastructure providers
• Technical universities
• System integrators
• Managed Security Service Providers
• Professional service providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Contact Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com

Source URL: https://marketersmedia.com/advanced-metering-infrastructure-market-2019-global-industry-size-sales-revenue-developments-key-players-analysis-opportunities-and-regional-forecast-2023/511501

Source: MarketersMedia

Release ID: 511501