Advanced Metering Infrastructure Market by Component (Hardware, Services, Software), End User (Commercial, Industrial, Residential) - Global Forecast 2024-2030

Advanced Metering Infrastructure Market by Component (Hardware, Services, Software), End User (Commercial, Industrial, Residential) - Global Forecast 2024-2030

The Advanced Metering Infrastructure Market size was estimated at USD 19.85 billion in 2023 and expected to reach USD 21.98 billion in 2024, at a CAGR 12.55% to reach USD 45.42 billion by 2030.

Advanced metering infrastructure (AMI) refers to an integrated system of smart meters, communication networks, and data management systems that enables two-way communication between utilities and customers. The primary purpose of AMI is to facilitate the efficient measurement, collection, and analysis of energy, water, or natural gas usage in real-time or at predetermined intervals. By leveraging advanced communication technologies, AMI provides detailed consumption data and supports a wide range of energy management and grid efficiency applications. This infrastructure enhances operational efficiencies, promotes energy conservation, and enables improved customer engagement through more accurate billing and personalized energy usage information. As part of the broader smart grid initiative, AMI has a crucial role in modernizing and optimizing the utility sector, paving the way for a sustainable and energy-efficient future. The adoption of advanced metering infrastructure (AMI) is primarily driven by the growing demand for improved energy efficiency and optimized energy management solutions. Governments worldwide are implementing regulations to promote energy conservation, which, in turn, serves as a significant catalyst for AMI deployment. The AMI market faces several challenges. High initial investment and the complexity of deploying AMI systems across varied geographical and infrastructural landscapes present considerable obstacles. However, integrating AMI with renewable energy sources, such as solar and wind, provides a future growth avenue by facilitating better demand response and grid stability. Additionally, advancements in IoT (Internet of Things) and machine learning technologies offer the potential for enhancing AMI functionalities, such as predictive maintenance and load forecasting, thereby creating opportunities for the advanced metering infrastructure market.

Regional Insights

The advanced metering infrastructure (AMI) market in the Americas is exhibiting robust growth, underpinned by regulatory mandates in both the United States and Canada that encourage the adoption of smart meters and grid modernization initiatives. Additionally, countries in Latin America are increasingly recognizing the benefits of AMI systems in improving the reliability of utility supply, thereby fuelling the market growth in this region. In Europe, the adoption of AMI solutions is primarily driven by the EU mandates targeting energy efficiency and the reduction of carbon emissions. In contrast, the Middle East and Africa are showing growth potential, driven by the need to manage increasing water and electricity demand, reduce energy theft, and support the transition to renewable energy sources. The APAC region is witnessing the fastest growth in the AMI market, attributed to rapid urbanization, increasing energy demand, and government initiatives towards smart grid projects. Moreover, the wide availability of raw materials, skilled workforce, and strong manufacturing hubs across the region provide lucrative opportunities for the advanced metering infrastructure providers.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Advanced Metering Infrastructure Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing demand for improved energy efficiency and heightened need for grid reliability
• Government initiatives supporting adoption of advanced metering infrastructure

Market Restraints

• High upfront costs and integration issues of AMI systems

Market Opportunities

• Integration of advanced technologies in AMI systems
• Growing potential of advanced metering infrastructure in green power initiatives

Market Challenges

• Challenge associated with data privacy and security

Market Segmentation Analysis

• Component: Growing demand for robust analytical software with powerful data processing and insight generation capabilities
• End User: Growing AMI deployment in the industrial sector to handle large volumes of utility data

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Advanced Metering Infrastructure Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Advanced Metering Infrastructure Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

IntelliSmart Selects Trilliant as a Software Partner for Head-end System Implementations Across India

Trilliant has partnered with IntelliSmart Infrastructure Private Limited, an AMI service provider and digital solutions innovator in India. This collaboration aims to revolutionize India's power sector through digital advancements rooted in the government's Revamped Distribution Sector Scheme (RDSS).

Genus Power's Arm Receives LoA for a Contract Worth INR 3,121 Crore

Genus Power Infrastructures Ltd. (GPIL) has secured a letter of award (LoA) valued at INR 3,121 crore for the provision of smart meters, as announced on October 23, 2023. As the appointed advanced metering infrastructure service provider, GPIL is expected to oversee the end-to-end implementation of an AMI system, including the design, supply, installation, and commissioning of 3.6 million smart prepaid meters and system meters, under a comprehensive Design, Build, Finance, Own, Operate, Transfer (DBFOOT) model.

HPL Partners with WBSEDCL for Advanced Metering Project

HPL Electric & Power has forged a partnership with the West Bengal State Electricity Distribution Company (WBSEDCL) to launch a pioneering advanced metering infrastructure (AMI) project, with an investment of INR 416.84 crore, supported by World Bank funding. The project aims to integrate smart meters for nearly 500,000 consumers across residential, commercial, and industrial segments in Kolkata, modernizing metering through real-time data monitoring and precise billing and enhancing energy efficiency.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Advanced Metering Infrastructure Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Advanced Metering Infrastructure Market, highlighting leading vendors and their innovative profiles. These include Accenture PLC, Capgemini SE, DNV AS, Eaton PLC, EDF International Networks SAS, Fluentgrid Limited, General Electric Company, Genus Power Infrastructures Ltd., German Metering GmbH, Hitachi Ltd., Honeywell International Inc., Hubbell Incorporated, International Business Machines Corporation, Inventia Technology Consultants Pvt. Ltd., Itron Inc., Mitsubishi Electric Corporation, Mueller Systems LLC, Oracle Corporation, Schneider Electric SE, Sensus Solutions by Xylem Inc., Siemens AG, Tieto Corporation, Toshiba Corporation, Trilliant Holdings Inc., and Trilliant Inc..

Market Segmentation & Coverage

This research report categorizes the Advanced Metering Infrastructure Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Component
• Hardware
• Smart Electric Meters
• Smart Gas Meters
• Smart Water Meters
• Services
• Meter Deployment
• Program Management & Consulting
• System Integration
• Software
• Advanced Metering Infrastructure Security
• Meter Communication Infrastructure
• Meter Data Analytics
• Meter Data Management
• End User
• Commercial
• Industrial
• Residential
• Region
• Americas
• Argentina
• Brazil
• Canada
• Mexico
• United States
• California
• Florida
• Illinois
• New York
• Ohio
• Pennsylvania
• Texas
• Asia-Pacific
• Australia
• China
• India
• Indonesia
• Japan
• Malaysia
• Philippines
• Singapore
• South Korea
• Taiwan
• Thailand
• Vietnam
• Europe, Middle East & Africa
• Denmark
• Egypt
• Finland
• France
• Germany
• Israel
• Italy
• Netherlands
• Nigeria
• Norway
• Poland
• Qatar
• Russia
• Saudi Arabia
• South Africa
• Spain
• Sweden
• Switzerland
• Turkey
• United Arab Emirates
• United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year