Advanced Metering Infrastructure Market Business Segmentation By Revenue And Structure Forecast 2027

 


 

Advanced Metering Infrastructure (AMI) is one of the Smart Grid tools that allows two-way communication between services provider and customers. This system obtains data with help of smart meter installed in various sectors such as residential, commercial business, and industries. These system help with cost controlling and minimizing the wastage of energy. This factor is expected to positively impact the growth advanced infrastructure metering market.


On the basis of region, the global Advanced Metering Infrastructure Market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. The North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. is anticipated to hold highest market share, followed by Canada throughout the forecast period. According to Coherent Market Insights analysis, the yearly shipments of smart electricity meters in North America will grow from 8.8 million units in 2018 to 19.9 million units in 2024. Moreover, the growth in number of the IoT-based devices in various verticals such as electricity, water, and gas are the another major factors expected to boost the growth of the global advance metering infrastructure market.

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