The Global Advanced Metering Infrastructure Market is estimated to reach $10,913.7 million by 2027, growing at a CAGR of 8.5% during 2022-2027 period. Smart metering devices is used to measure thermal energy, electricity amount, water volume or gas volume delivered to be used by residential, commercial, industrial building units. Smart Water Meter is generally cash registers for the water meter industry which adds value to the overall meter scheme, drive sales and helps to ensure the efficiency of the decision-making information generated by the meter application. For water services around the world, meter data analytics, data management systems, data Processing systems and logistics continue to be at the forefront as they solve issues facing the sector, such as growing demand, increasing water conflict, rising energy costs and ageing water systems. Many of water related issues can be easily solved by implementing Advanced Smart Water Metering system thereby contributing to the growth of the market. The growth of residential and commercial sectors due to the urbanization along with the growth of smart grid adoption have driven the market. Government initiatives in increasing the popularity of solar-powered water meters are likely to propel the water meter market. With nearly one-third of the global population secluded to their homes during lockdown, the demand to support traditional and labor-intensive utility operations declined while the demand for smart utility applications increased. Smart metering with bi-directional communication has become a top IoT technology to address these COVID-19 challenges and is expected to continue in 2021.
The report : “Advanced Metering Infrastructure Market – Forecast (2022-2027)”, by Industry ARC covers an in-depth analysis of the following segments of “Advanced Metering Infrastructure Market Report”.
By Meter Type – Water Meter, Electricity Meter, Gas Meter, Heat Meter.
By Type – Solution (Meter Data Management, Meter Data Analytics. AMI Security, Meter Communication Infrastructure) and Services (System Integration, Meter Deployment, Program Management and Consulting)
By Connectivity – Wired, Wireless.
By End Users – Residential, Commercial, Industrial (Water and Wastewater, Chemical, Oil and Gas, Food and Beverages, Semiconductor and Electronics, Medical and Pharmaceutical, Power and Energy, Metal and Mining, Others).
By Geography – North America (U.S, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Others), APAC (China, Japan India, SK, Australia and Others), South America (Brazil, Argentina and others), and RoW (Middle east and Africa