Global Advanced Metering Infrastructure Market -Growth Drivers, Opportunities and Forecast Analysis to 2023
The Global Advanced
Metering Infrastructure Market
is spanned across the Americas, Europe, Asia Pacific, and the Rest of world.
North America dominates the advanced metering infrastructure market is due to
the growing installation of smart meter in smart city project. On November 9,
2015, Aclara Technologies LLC signed an agreement to acquire GE Energy
Management’s Grid Solutions subdivision. With this acquisition, the company is
aiming toward smart infrastructure solutions by modifying the number of
benefits to networks that perform automated metering and to enhance their
electric utilities across the world.
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The North American
region is experiencing a higher demand due to its increasing prominence of
smart water networks which is propelling the demand of advanced metering
infrastructure market. The prominent companies such Cisco Systems, Inc. (U.S.),
International Business Machines Corporation (U.S.), General Electric (U.S.),
Trilliant, Inc. (U.S.), Silver Spring Networks (U.S.), Siemens AG (Germany),
Cooper Industries (U.S.) are providing advanced metering infrastructure
solutions in the market. These major players are investing in offering of advanced
metering infrastructure solution across the world.
The global advanced
metering infrastructure market is expected to reach USD ~ 9 billion at a CAGR
of over 14% by the end of the forecast period.
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Metering Infrastructure Market Research Report -Forecast to 2023”.
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Global
Advanced Metering Infrastructure Market Segmentation
The global advanced metering
infrastructure market is segmented into device type, service, system, and
region. The device type is segmented into smart electric meters, smart water
meters, smart gas meters, and advanced communication modules and others. The
service segment is sub-segmented into System integration, meter deployment, AMI
management, AMI consulting and others. The system segment is sub-segmented into
Meter data analytics, Meter data management, Communication infrastructure and
AMI security and others. The market is spanned across regions including North
America, Europe, Asia Pacific, and rest of the world.
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.
Market
Research Analysis
The global advanced metering infrastructure
market is consists of the Americas, Europe, Asia Pacific, and Rest of world.
North America is dominating the global advanced metering infrastructure market.
The advanced metering infrastructure market is witnessing a high growth due to
increasing demand from gas utility, electricity, water and other sector, which
is propelling the market growth of advanced metering infrastructure in these
region. Europe is projected to hold the second largest share of the advanced
metering infrastructure market during the forecast period as the advanced
metering infrastructure due to growing demand of gas based power generation by
the huge adoption of smart gas meters in these region. Asia Pacific is expected
to witness the highest CAGR in the coming years.
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