The global advanced metering infrastructure (AMI) market size reached US$ 20.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 43.0 Billion by 2028, exhibiting a growth rate (CAGR) of 13.3% during 2023-2028.
Advanced metering infrastructure (AMI) refers to an integrated system of equipment, communication networks, and information management systems to collect customer water usage data remotely in real-time. Its main components include meters, sensors, remotely controlled variables, and a meter interface unit (MIU). It also contains a radio-based technology to read water meters, which eliminates the need for manual meter reads. As it provides the benefits of improved utility operations, increased water conservation, leak detection, and enhanced security and resilience, utilities across the globe are relying on AMI for operational efficiencies and cost savings.
The rising need for accurate water billing solutions in the residential sector is driving the adoption of smart water meters worldwide, which, in turn, is propelling the market growth. This can also be attributed to various initiatives and campaigns undertaken by governments of numerous countries, along with non-governmental organizations (NGOs), to conserve freshwater. Apart from this, remote meter reading solutions are gaining traction in geographically dispersed territories or remote areas as they generate more timely and accurate bills. Moreover, the increasing use of ultrasonic flowmeters in water and wastewater treatment to measure the dosage of chemicals, monitor methane discharge, and evaluate large volumes of fluid carrying sludge by-products, suspended solids, and other materials is contributing to the market growth. Besides this, key players are introducing products combined with innovative technologies, such as in-home displays and programmable communicating thermostats. These products enable utilities to offer new time-based rate programs and incentives that encourage customers to reduce peak demand and manage energy consumption and costs. This, in confluence with improvements in grid modernization, is anticipated to influence the market positively.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global advanced metering infrastructure (AMI)market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type and end user.
Breakup by Product Type:
Smart Metering Devices
Meter Communication Infrastructure
Breakup by End User:
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aclara Technologies LLC, Cisco Systems Inc., Eaton Corporation plc, Honeywell International Inc., International Business Machines Corporation, Itron Inc., Landis+Gyr, Mueller Systems LLC, Schneider Electric SE, Sensus and Trilliant Holdings Inc.
Base Year of the Analysis
Product Type, End User, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Aclara Technologies LLC, Cisco Systems Inc., Eaton Corporation plc, Honeywell International Inc., International Business Machines Corporation, Itron Inc., Landis+Gyr, Mueller Systems LLC, Schneider Electric SE, Sensus and Trilliant Holdings Inc.
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Key Questions Answered in This Report
The global Advanced Metering Infrastructure (AMI) market was valued at US$ 20.5 Billion in 2022.
We expect the global Advanced Metering Infrastructure (AMI) market to exhibit a CAGR of 13.3% during 2023-2028.
The rising consumer awareness towards numerous benefits associated with AMI, such as improved utility operations, increased water conservation, leak detection, etc., for operational efficiencies and cost savings is primarily driving the global Advanced Metering Infrastructure (AMI) market.
The sudden outbreak of the COVID-19 pandemic has led to the growing adoption of Advanced Metering Infrastructure (AMI) to remotely collect customer water usage data in real-time, during the lockdown scenario.
Based on the product type, the global Advanced Metering Infrastructure (AMI) market has been segregated into smart metering devices, solutions, and services. Among these, smart metering devices currently exhibit a clear dominance in the market.
Based on the end user, the global Advanced Metering Infrastructure (AMI) market can be bifurcated into residential, commercial, and industrial. Currently, the residential sector accounts for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global Advanced Metering Infrastructure (AMI) market include Aclara Technologies LLC, Cisco Systems Inc., Eaton Corporation plc, Honeywell International Inc., International Business Machines Corporation, Itron Inc., Landis+Gyr, Mueller Systems LLC, Schneider Electric SE, Sensus, and Trilliant Holdings Inc.
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