Global Advanced Metering Infrastructure Market: Share, Size, Growth, Opportunity and Forecast 2022-2028

 

                                    Advanced Metering Infrastructure Market

Advanced Metering Infrastructure (AMI) is a Smart Grid solution that enables two-way communication between service providers and customers. This system collects data via smart meters put in various sectors such as residential, commercial, and industrial. These systems aid in cost control and energy waste reduction. This element is predicted to have a beneficial impact on the expanding advanced infrastructure metering industry.

According to the US Department of Energy, Advanced Metering Infrastructure (AMI) is an integrated system of equipment, connectivity, and information management systems that enable utilities to remotely collect consumer water usage data in real time.

Advanced Metering Infrastructure Market  is an integrated system of smart meters, communications networks, and data management systems that allows utilities and consumers to communicate in both directions. The system automates and remotely measures power use, connects and disconnects service, detects tampering, identifies and isolates outages, and monitors voltage, among other things.

The global Advanced Metering Infrastructure Market is expanding due to the increased adoption of the Internet of Things (IoT). Furthermore, the need for low-bandwidth, low-cost, and delay-insensitive metering is expected to drive up demand for AMI communications networks in the near future. The network and communications modules of the meter must both be operational.

Narrow-band power-line communication (PLC) and RF-Mesh are the primary communication technologies driving AMI adoption in the early days. As communication technology advances, other technologies such as broadband PLC and low-power wide-area networks (LPWAN) are gaining momentum in the industry. These are some of the global market trends in advanced metering infrastructure.

The global Advanced Metering Infrastructure Market is divided into product type, end-user, and geography. The market is divided into smart metering equipment (electricity, gas, water), solutions (meter communication infrastructure and software), and services (system integration, deployment, and program consulting).

The advanced metering infrastructure is a networked system of communication networks, smart meters, and data processing systems that allow for bidirectional communication between clients and utilities.

Key Players

The global advance metering infrastructure market is distinguished by the consolidated presence of some of the industry's leading companies, such as IBM Corporation, General Electric, and Itron, Inc. Cisco Systems, Inc., IBM Corporation, General Electric, Schneider Electric SE, Itron, Inc., Clara Technologies, Elster Group GmbH, Sensus, Tieto Corporation, and Trilliant, Inc. are the prominent suppliers included in the worldwide advance metering infrastructure market.