Advanced Metering Infrastructure Market 2020 – Market Trends and Forecast to 2027 | COVID-19 Effects
Advanced Metering Infrastructure Market – Overview
The use of advanced metering devices is set to rise with an increasing focus on smart management of energy sources. Market reports connected with the semiconductors and electronics industry have been presented by Market Research Future which makes reports on other industry verticals that aims to analyze the current market scenarios better. The market is set to achieve USD 9 billion in revenues while expanding at a CAGR of 14% in the duration of the forecast period.
The progress of the energy generation sector is expected to incentivize the expansion of the advanced metering infrastructure market further. The intensifying forces of industrialization and urbanization are expected to bolster the expansion of the market in the forecast period. Intensifying smart city initiatives by governments around the world are estimated to further motivate the progress of the market in the forecast period.
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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.
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.
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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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
Continued…
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