Asia Pacific Advanced Metering Infrastructure Market by Smart Metering Devices (Electricity, Water and Gas), Communication Module (Cellular Communication Module, RF Mesh Communication Module and Power Line Communication (PLC) Module), Service (System Integration, Program Consulting and Meter Deployment), Solutions (Advanced Metering Infrastructure Security, Meter Communication Infrastructure, Meter Data Analytics, Meter Data Management and Other), End-user (Residential, Commercial and Industrial )and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2023-2030

Industry : Information Technology | Pages : 180 Pages | Published On : May 2024

         
     
The Asia Pacific Advanced Metering Infrastructure Market is Valued USD 4,594 Million in 2023 and projected to reach USD 11,140 Million by 2030, growing at a CAGR of 13.49% During the Forecast period of 2023-2030.

Asia Pacific Advanced Metering Infrastructure Market Size


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             2020                         2023-2030      

ReportDetails
Market Size ValueUSD 4,594 Million in 2023
Market Size ValueUSD 11,140 Million by 2030
CAGR13.49%
Forecast Period2023-2030
Base Year 2023
Historic Data2020

Major vendors in the Asia Pacific Advanced Metering Infrastructure market: Cisco Systems, Inc, Eaton, EDMI Limited, General Electric, Honeywell International Inc., IBM, Itron Inc., Schneider Electric, Siemens, TRILLIANT HOLDINGS INC, ZENNER International GmbH & Co and Others.

Market Overview

The Asia Pacific Advanced Metering Infrastructure (AMI) market is experiencing significant growth and transformation, driven by the region's rapid urbanization, industrialization, and increasing energy demand. AMI, comprising smart meters, communication networks, and data management solutions, is revolutionizing utility metering by enabling real-time monitoring, data collection, and two-way communication between utilities and consumers. Enabling real-time monitoring revolutionizes various sectors by providing instantaneous data insights, driving efficiency, reliability, and informed decision-making. Real-time monitoring employs sensors, communication networks, and data analytics to continuously capture and analyze data, offering immediate feedback on critical parameters. In industries like manufacturing, it facilitates predictive maintenance, minimizing downtime and optimizing productivity by detecting equipment failures before they occur. In healthcare, it allows for remote patient monitoring, enhancing healthcare delivery and patient outcomes by enabling timely interventions. Similarly, in transportation and logistics, real-time tracking optimizes route planning, inventory management, and delivery schedules, reducing costs and improving service quality.

Increasing government financial support for digitalization of grids

The Asia Pacific Advanced Metering Infrastructure (AMI) market is witnessing substantial growth, propelled by increasing government financial support for the digitalization of grids across the region. Governments recognize the critical role of modernizing energy infrastructure in promoting economic growth, improving energy efficiency, and enhancing grid reliability. Governments in the Asia Pacific region are actively investing in initiatives aimed at accelerating the adoption of AMI solutions. Financial support comes in various forms, including grants, subsidies, tax incentives, and low-interest loans, to incentivize utilities to deploy advanced metering technology. These incentives help alleviate the financial burden on utilities and facilitate the transition towards a smarter, more resilient energy system.

Market Dynamics

Drivers:

  • Increasing government financial support for digitalization of grids
  • Rising need for real-time monitoring

Opportunities:

  • Technological Advancements in AMI
  • Growing integration of AI in smart meters

Growing integration of AI in smart meters

The Asia Pacific Advanced Metering Infrastructure (AMI) market is experiencing a profound transformation driven by the growing integration of Artificial Intelligence (AI) in smart meters. AI is revolutionizing traditional metering systems by enabling smart meters to not only collect and transmit data but also analyze and interpret it in real-time. The integration of AI in smart meters offers several advantages for utilities and consumers alike. AI-powered smart meters can detect patterns, anomalies, and trends in energy consumption data, providing utilities with valuable insights into grid operations and consumer behavior. This enables utilities to optimize energy distribution, anticipate demand fluctuations, and improve grid reliability. Moreover, AI enables predictive maintenance capabilities in smart meters, allowing utilities to identify potential equipment failures before they occur and take proactive measures to prevent disruptions in service. This reduces downtime, minimizes maintenance costs, and enhances overall system performance.

China dominates the market for Asia Pacific Advanced Metering Infrastructure.

In the Asia Pacific Advanced Metering Infrastructure (AMI) market, China emerges as a dominant segment, showcasing unparalleled growth and innovation. With its vast population, rapid urbanization, and ambitious energy modernization initiatives, China leads the region in the adoption and deployment of AMI solutions. Several factors contribute to China's dominance in the Asia Pacific AMI market. Firstly, the Chinese government has prioritized energy efficiency, grid modernization, and sustainable development as key pillars of its national agenda. Ambitious policies and incentives promote the deployment of smart meters, communication networks, and data analytics solutions across the country, driving widespread adoption among utilities and consumers. Moreover, China's thriving technology sector and manufacturing capabilities enable the production of advanced metering technologies at scale and competitive prices. Domestic companies such as Huawei, ZTE Corporation, and State Grid Corporation of China are at the forefront of AMI innovation, developing cutting-edge solutions tailored to the unique needs of the Chinese market.

The Meter Deployment Segments is anticipated to hold the Largest Market Share during the Forecast Period

The deployment of Advanced Metering Infrastructure (AMI) involves the replacement of traditional electricity meters with smart meters capable of two-way communication, facilitating various functionalities. This communication enables remote meter reading, eliminating the need for manual readings and saving both time and resources. Additionally, near real-time data collection allows for detailed analysis of energy consumption patterns, while demand response programs can be implemented through flexible pricing and energy management strategies. Remote disconnect/reconnect features offer faster service and reduced costs, and enhanced grid monitoring quickly detects faults and outages, improving overall reliability.

Major Segmentations Are Distributed as follows:

  • By Smart Metering Devices
    • Electricity
    • Water
    • Gas
  • By Communication Module
    • Cellular Communication Module
    • RF Mesh Communication Module
    • Power Line Communication (PLC) Module
  • By Services
    • System Integration
    • Program Consulting
    • Meter Deployment
  • By Solutions
    • Advanced Metering Infrastructure Security
    • Meter Communication Infrastructure
    • Meter Data Analytics
    • Meter Data Management
    • Other Software
  • By End-use
    • Residential
    • Commercial
    • Industrial
  • By Region
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific

Recent Developments

  • In July 2022, Itron, Inc. along with its channel partner, United Systems & Software (USS), have announced a collaboration with Sevier County Utility District (SCUD) to implement Itron's AMI Essentials for Gas. This deployment comprises 15,000 Itron Cellular 500G Gas Modules and Demetra, Itron's latest meter data management and collection system. By leveraging this solution, the utility aims to streamline meter reading processes, enhance operational efficiency across SCUD's gas district in Tennessee, and achieve greater visibility into its gas distribution system. Over the next two years, USS will assist SCUD in deploying the gas modules across its service area.

Asia Pacific Advanced Metering Infrastructure Market Report Gives Answers to Following Key Questions:

  • What will be the Asia Pacific Advanced Metering Infrastructure Market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of Asia Pacific Advanced Metering Infrastructure Market?
  • What are the main forces behind the worldwide Asia Pacific Advanced Metering Infrastructure Market? Which companies dominate the Asia Pacific Advanced Metering Infrastructure Market?
  • Which companies dominate the Asia Pacific Advanced Metering Infrastructure Market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the Asia Pacific Advanced Metering Infrastructure industry's suppliers' opportunities and dangers in Asia Pacific Advanced Metering Infrastructure Market?
  • What is the Asia Pacific Advanced Metering Infrastructure industry's regional sales, income, and pricing analysis? In the Asia Pacific Advanced Metering Infrastructure Market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Asia Pacific Advanced Metering Infrastructure Market?
  • What are the main geographical areas for various industries that are anticipated to observe an astounding expansion in Asia Pacific Advanced Metering Infrastructure Market?
  • What are the dominant revenue-generating regions for Asia Pacific Advanced Metering Infrastructure Market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Asia Pacific Advanced Metering Infrastructure Market trends that are influencing the market's expansion?
  • Which key product categories dominate the Asia Pacific Advanced Metering Infrastructure Market? What are the Asia Pacific Advanced Metering Infrastructure Market’s main applications?
  • In the coming years, which Asia Pacific Advanced Metering Infrastructure Market technology will dominate the market?

Reason to purchase this Asia Pacific Advanced Metering Infrastructure Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the Asia Pacific Advanced Metering Infrastructure Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Asia Pacific Advanced Metering Infrastructure Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the Asia Pacific Advanced Metering Infrastructure Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the Asia Pacific Advanced Metering Infrastructure Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Asia Pacific Advanced Metering Infrastructure Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

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Table and Figures

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