Press release
Global Advanced Metering Infrastructure Market Set to Surge at a CAGR of 9.6% by 2031
Increasing investments towards upgrading aging power infrastructure with smart grids across countries is a key driver for the market. Utilities are deploying AMI systems to enable features like remote disconnect/reconnect, outage notification, and electricity theft detection which helps improve grid efficiency. AMI allows two-way communication between utilities and smart meters that helps utilities optimize operations through improved load forecasting, efficient outage management and peer benchmarking. Governments globally are also supporting smart grid projects through initiatives and regulations focused on energy efficiency and conservation which is propelling the adoption of AMI systems.
Rising Need for Energy Efficiency and Real-Time Information
The global advanced metering infrastructure market is driven by the increasing need for energy efficiency and real-time information about energy consumption across various end-use sectors such as residential, commercial, and industrial. Advanced metering helps utilities and consumers reduce energy costs through demand response programs, time-of-use rates, and critical peak pricing programs that shift demand away from peak times. It provides two-way communication between the meter and central systems, allowing utilities to remotely connect and disconnect meters, remotely read meters to eliminate the need for estimated bills, and collect interval data to analyze consumption patterns. This type of actionable consumption data helps facilities managers better understand energy usage and take proactive steps to reduce overall energy costs.
Government Initiatives and Mandates to Modernize Aging Infrastructure
Many countries have implemented regulatory mandates and policy initiatives to modernize their aging electricity infrastructure with automated metering systems. For example, the European Union has set a target for 80% of consumers to be equipped with intelligent metering systems by 2020. In the U.S., over 65 million smart meters have been installed through mandated deployment programs in over 40 states and territories. Federal programs like the American Recovery and Reinvestment Act of 2009 have provided billions in grants and loans to accelerate smart grid and AMI investments. These regulatory pushes aim to enable greater grid optimization, integrate more renewable energy, empower consumers with consumption data, and realizelonger-term operational savings. Strong government backing of AMI programs through incentives, subsidies and mandates is a major factor driving broader adoption.
Request a sample copy of the report @https://www.coherentmarketinsights.com/insight/request-sample/1388
Key Company Profiles:
Global advance metering infrastructure market is characterized by the consolidated presence of some of the key players in the industry which includes, IBM Corporation, General Electric, Itron, Inc. The major vendors covered in the global advance metering infrastructure market includes, Cisco Systems, Inc., IBM Corporation, General Electric, Schneider Electric SE, Itron, Inc., Clara Technologies, Elster Group GmbH, Sensus, Tieto Corporation, and Trilliant, Inc.
This Report lets you identify the opportunities in Advanced Metering Infrastructure Market by means of a region:
⦿ North America (the United States, Canada, and Mexico)
⦿ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⦿ Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⦿ South America (Brazil etc.)
⦿ The Middle East and Africa (North Africa and GCC Countries)
Market Opportunity: Integration of AMI with other Smart Grid and IoT Applications
The convergence of AMI with other smart grid and Internet of Things (IoT) technologies presents a major market opportunity. Advanced metering systems generate huge volumes of near real-time energy usage data that can enable utilities to operate more efficient and flexible grids. By integrating AMI data with distribution automation, demand response, microgrids, electric vehicle charging infrastructure, and predictive analytics; utilities can optimize grid reliability and efficiencies on a level not possible before. AMI-enabled home energy management allows consumers new levels of control over energy use too. As cities deploy smart city initiatives, integrating utility data with others like transportation, water, and buildings opens avenues for more sustainable urban infrastructure. Leveraging AMI as a foundational component of broader smart grid and IoT solutions will drive significant growth going forward.
Market Trend: Emergence of Standards-Based Communication Technologies to Support Interoperability
A key trend impacting the advanced metering infrastructure market involves the emergence and growing adoption of standards-based communication technologies aimed at supporting interoperability between systems and devices. Protocols like ANSI C.12, DNP3, IEC 62056 and 61968 have enabled devices from different vendors to communicate with one another. This has addressed earlier issues of lock-in and information silos that hindered data sharing. Communication options ranging from traditional fixed network technologies to newer wireless options like power line communication, cellular networks, radio frequency mesh networks and others enable two-way interactionbetween advanced meters and utility management systems. Standard-based technologies resolve integration challenges and promise future-proof investments. As a result, infrastructure installed today can more seamlessly merge with innovations tomorrow. This trend boosts large-scale deployments.
Request for Report Customization @https://www.coherentmarketinsights.com/insight/request-customization/1388
Research Scope
Scope - Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics - Advanced Metering Infrastructure Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape - Advanced Metering Infrastructure Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Key questions answered in the report include:
ᗒ How Advanced Metering Infrastructure Market industry market will boom in 2024?
ᗒ which are prominent key players will be growing the market?
ᗒ Which enterprise size accounted for the largest data center colocation market share?
ᗒ What is the Compound Annual Growth Rate(CAGR) of the market during the forecast period (2024-2031)?
Buy Now @ https://www.coherentmarketinsights.com/insight/buy-now/1388
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
About Coherent Market Insights
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Rising Need for Energy Efficiency and Real-Time Information
The global advanced metering infrastructure market is driven by the increasing need for energy efficiency and real-time information about energy consumption across various end-use sectors such as residential, commercial, and industrial. Advanced metering helps utilities and consumers reduce energy costs through demand response programs, time-of-use rates, and critical peak pricing programs that shift demand away from peak times. It provides two-way communication between the meter and central systems, allowing utilities to remotely connect and disconnect meters, remotely read meters to eliminate the need for estimated bills, and collect interval data to analyze consumption patterns. This type of actionable consumption data helps facilities managers better understand energy usage and take proactive steps to reduce overall energy costs.
Government Initiatives and Mandates to Modernize Aging Infrastructure
Many countries have implemented regulatory mandates and policy initiatives to modernize their aging electricity infrastructure with automated metering systems. For example, the European Union has set a target for 80% of consumers to be equipped with intelligent metering systems by 2020. In the U.S., over 65 million smart meters have been installed through mandated deployment programs in over 40 states and territories. Federal programs like the American Recovery and Reinvestment Act of 2009 have provided billions in grants and loans to accelerate smart grid and AMI investments. These regulatory pushes aim to enable greater grid optimization, integrate more renewable energy, empower consumers with consumption data, and realizelonger-term operational savings. Strong government backing of AMI programs through incentives, subsidies and mandates is a major factor driving broader adoption.
Request a sample copy of the report @https://www.coherentmarketinsights.com/insight/request-sample/1388
Key Company Profiles:
Global advance metering infrastructure market is characterized by the consolidated presence of some of the key players in the industry which includes, IBM Corporation, General Electric, Itron, Inc. The major vendors covered in the global advance metering infrastructure market includes, Cisco Systems, Inc., IBM Corporation, General Electric, Schneider Electric SE, Itron, Inc., Clara Technologies, Elster Group GmbH, Sensus, Tieto Corporation, and Trilliant, Inc.
This Report lets you identify the opportunities in Advanced Metering Infrastructure Market by means of a region:
⦿ North America (the United States, Canada, and Mexico)
⦿ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⦿ Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⦿ South America (Brazil etc.)
⦿ The Middle East and Africa (North Africa and GCC Countries)
Market Opportunity: Integration of AMI with other Smart Grid and IoT Applications
The convergence of AMI with other smart grid and Internet of Things (IoT) technologies presents a major market opportunity. Advanced metering systems generate huge volumes of near real-time energy usage data that can enable utilities to operate more efficient and flexible grids. By integrating AMI data with distribution automation, demand response, microgrids, electric vehicle charging infrastructure, and predictive analytics; utilities can optimize grid reliability and efficiencies on a level not possible before. AMI-enabled home energy management allows consumers new levels of control over energy use too. As cities deploy smart city initiatives, integrating utility data with others like transportation, water, and buildings opens avenues for more sustainable urban infrastructure. Leveraging AMI as a foundational component of broader smart grid and IoT solutions will drive significant growth going forward.
Market Trend: Emergence of Standards-Based Communication Technologies to Support Interoperability
A key trend impacting the advanced metering infrastructure market involves the emergence and growing adoption of standards-based communication technologies aimed at supporting interoperability between systems and devices. Protocols like ANSI C.12, DNP3, IEC 62056 and 61968 have enabled devices from different vendors to communicate with one another. This has addressed earlier issues of lock-in and information silos that hindered data sharing. Communication options ranging from traditional fixed network technologies to newer wireless options like power line communication, cellular networks, radio frequency mesh networks and others enable two-way interactionbetween advanced meters and utility management systems. Standard-based technologies resolve integration challenges and promise future-proof investments. As a result, infrastructure installed today can more seamlessly merge with innovations tomorrow. This trend boosts large-scale deployments.
Request for Report Customization @https://www.coherentmarketinsights.com/insight/request-customization/1388
Research Scope
Scope - Highlights, Trends, Insights. Attractiveness, Forecast
Market Sizing - Product Type, End User, Offering Type, Technology, Region, Country, Others
Market Dynamics - Advanced Metering Infrastructure Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
Business Framework - Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
Competitive Landscape - Advanced Metering Infrastructure Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
Key questions answered in the report include:
ᗒ How Advanced Metering Infrastructure Market industry market will boom in 2024?
ᗒ which are prominent key players will be growing the market?
ᗒ Which enterprise size accounted for the largest data center colocation market share?
ᗒ What is the Compound Annual Growth Rate(CAGR) of the market during the forecast period (2024-2031)?
Buy Now @ https://www.coherentmarketinsights.com/insight/buy-now/1388
533 Airport Boulevard, Suite 400, Burlingame,
CA 94010, United States
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
About Coherent Market Insights
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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