The global advanced metering infrastructure (AMI) market is likely to account for a valuation of nearly US$ 7 Bn in the year 2022, expected to expand nearly 2X by the end of 2032, surging at a CAGR of approximately 9%.
Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Advanced Metering Infrastructure market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Advanced Metering Infrastructure market.
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Key Companies Profiled
Aclara Technologies LLCElster Group GmbHSchneider Electric SEItron Inc.International Business Machines CorporationCisco Systems Inc.Eaton CorporationSiemens AGCompetitive Landscape:
The worldwide advanced metering infrastructure market is highly fragmented. AMI's key providers spend in R&D to offer effective and efficient solutions that are consistent with rules and maximize income possibilities. Aside from that, firms are pursuing growth initiatives such as capacity expansion, collaborations, distribution agreements, and mergers in order to increase market share and sales income.
NICIGAS is a liquefied petroleum gas (LPG), city gas, and power business. The business devised a one-of-a-kind technique for digitizing data collecting from various smart meters in Japan. A Network Controlling Unit (NCU) in Space Hotarus gives direct consumption data to the company's IoT data platform, NICIGAS Stream.
Country Wise Analysis
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. A CAGR of 10% is anticipated for the market in the U.S.
Segmentation of Advanced Metering Infrastructure Industry Survey
DeviceSmart Gas MetersSmart Water MetersSmart Electric Meters Get Full Access of the Complete Report:
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Queries addressed in the Advanced Metering Infrastructure market report:
Why are the Advanced Metering Infrastructure market players targeting region for increased product sales?What patented technologies are the players utilizing in the global Advanced Metering Infrastructure market?Which regions are displaying the fastest growth in the Advanced Metering Infrastructure market?What are the underlying micro-macroeconomic factors affecting the global Advanced Metering Infrastructure market?Why choose Fact.MR?
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