MEA 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, 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 MEA Advanced Metering Infrastructure Market is Valued USD 1,709 Million in 2023 and projected to reach USD 3,980 Million by 2030, growing at a CAGR of 12.83% During the Forecast period of 2023-2030.

MEA Advanced Metering Infrastructure Market Size


Graph
             2019                         2023-2030      

ReportDetails
Market Size ValueUSD 1,709 Million in 2023
Market Size ValueUSD 3,980 Million by 2030
CAGR12.83%
Forecast Period2023-2030
Base Year 2023
Historic Data2019

Major vendors in the MEA 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 In-ternational GmbH & Co and Others.

Market Overview

The Middle East and Africa (MEA) Advanced Metering Infrastructure (AMI) market are witnessing substantial growth and transformation, driven by the region's increasing focus on modernizing energy infrastructure, enhancing grid reliability, and promoting energy efficiency. AMI, comprising smart meters, communication networks, and data management solutions, plays a pivotal role in revolutionizing utility metering systems across the MEA region. Modernizing energy infrastructure entails a comprehensive transformation of the systems and technologies that produce, distribute, and consume energy. This process aims to enhance efficiency, reliability, sustainability, and flexibility in energy production and consumption. At its core, modernizing energy infrastructure involves upgrading aging or obsolete components with advanced technologies and systems. This includes replacing traditional power plants with cleaner and more efficient alternatives such as renewable energy sources like solar, wind, and hydroelectric power. Additionally, it involves integrating smart grid technologies, advanced metering infrastructure (AMI), energy storage systems, and digital automation to improve the management and distribution of energy resources.

Promoting energy efficiency

The growing emphasis on energy efficiency has emerged as a key catalyst propelling the widespread adoption of Advanced Metering Infrastructure (AMI). Going beyond the capabilities of traditional meters, AMI facilitates two-way communication between utilities and consumers, enabling the real-time collection and analysis of data pertaining to energy consumption patterns. This dynamic interaction empowers both parties with the insights needed to make informed decisions, ultimately leading to substantial energy savings. Escalating energy costs have prompted consumers and utilities alike to actively seek avenues for reducing energy consumption, and AMI emerges as a strategic solution by providing invaluable data insights. Governments around the world are also playing a pivotal role in propelling this trend, with many implementing policies and regulations that either incentivize or mandate the adoption of AMI.

Market Dynamics

Drivers:

  • Increasing focus on modernizing energy infrastructure
  • Enhancing grid reliability
  • Promoting energy efficiency

Opportunities:

  • Integration of renewable energy sources and balancing the grid
  • Improving service delivery
  • Advancement in AMI technologies

Integration of renewable energy sources and balancing the grid

The Middle East and Africa (MEA) Advanced Metering Infrastructure (AMI) market stand to benefit significantly from the integration of renewable energy sources and grid balancing initiatives. With the region's abundant solar and wind resources, there's immense potential for renewable energy deployment. AMI systems play a crucial role in facilitating the integration of renewables by providing real-time data on energy generation and consumption, enabling utilities to manage grid stability effectively. Moreover, AMI's demand response capabilities empower consumers to adjust their energy usage in response to fluctuations in renewable energy output, further enhancing grid reliability. As governments in the MEA region prioritize renewable energy development and grid modernization, the demand for AMI solutions is expected to rise. Key players in the market, including local and international vendors, are likely to capitalize on this opportunity by offering innovative AMI solutions tailored to the region's specific needs.

UAE dominates the market for MEA Advanced Metering Infrastructure.

In the Middle East and Africa (MEA) region, the United Arab Emirates (UAE) emerges as a dominant force in shaping the market for Advanced Metering Infrastructure (AMI). With its forward-thinking policies, ambitious sustainability initiatives, and growing technological infrastructure, the UAE leads the MEA region in the adoption and deployment of advanced metering solutions. The UAE's dominance in the MEA AMI market can be attributed to several key factors. Firstly, the government's commitment to diversifying its energy mix and reducing reliance on fossil fuels has spurred investments in smart grid technologies, including AMI. Regulations and initiatives aimed at enhancing energy efficiency and promoting renewable energy adoption have accelerated the deployment of smart metering infrastructure across the country.

The RF mesh communication module Segments is anticipated to hold the Largest Market Share during the Forecast Period

In the Middle East and Africa (MEA) Advanced Metering Infrastructure (AMI) market, the RF mesh communication module emerges as a dominant segment. RF mesh technology offers several advantages, including robustness, scalability, and reliability, making it well-suited for the region's diverse geographic and operational challenges. RF mesh communication modules enable seamless two-way communication between smart meters and utility back-end systems, facilitating real-time data exchange and grid management. Additionally, RF mesh networks are highly adaptable, allowing utilities to expand coverage and integrate new devices efficiently. As governments in the MEA region prioritize grid modernization and smart city initiatives, the demand for RF mesh communication modules is expected to surge. Key players in the market are likely to focus on enhancing RF mesh solutions to meet the evolving needs of utilities and accelerate the adoption of AMI systems across the region.

Segmentations Analysis of MEA Advanced Metering Infrastructure Market: -

  • 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
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey
      • Rest of Middle East & Africa

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.

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

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

 Reason to purchase this MEA Advanced Metering Infrastructure Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the MEA Advanced Metering Infrastructure Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different MEA 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 MEA 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 MEA 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 MEA Advanced Metering Infrastructure Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

TOC

 

Table and Figures

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