Global Advanced Metering Infrastructure Market is accounted for $7.74 billion in 2020 and is expected to reach $27.56 billion by 2028 growing at a CAGR of 17.2% during the forecast period. The rise in global energy demand and the need for improved customer service level and utility efficiency are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period owing to the growing population and acceptance of these modern systems by utility companies and growing awareness of consumers regarding wastage and consequently carbon footprints.
Some of the key players profiled in the Advanced Metering Infrastructure Market include Schneider Electric, Trilliant Networks, Inc., General Electric, Cisco Systems, Siemens, Honeywell, Landis+Gyr, Itron, IBM Corporation, Silver Spring Networks, TietoEVRY, Elster Group SE, Sensus and Aclara Technologies LLC.
Product Types Covered in Advanced Metering Infrastructure Market
• Communication Modules
• Two-Way Smart Meters
• Smart Meters
• Support Systems (In-Home Display Units)
• Home Area Networks (HANS)
• Head-End System
• Communication Infrastructure
Deployment Models Covered:
• System Integration
• Program Management and Consulting
• Meter Deployment
• Meter Data Management
• Meter Communication Infrastructure
• Advanced Metering Infrastructure Security
• Meter Data Analytics
End Users Covered:
• I&C (Instrument and Control System)
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