North America Advanced Metering Infrastructure Market by Smart Metering Devices (Electricity, Water and Gas), Communication 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 : 178 Pages | Published On : May 2024

         
     
The North America Advanced Metering Infrastructure Market is Valued USD 7,597 Million in 2023 and projected to reach USD 16,820 Million by 2030, growing at a CAGR of 12.02% During the Forecast period of 2023-2030.

North America Advanced Metering Infrastructure Market Size


Graph
             2019                         2023-2030      

ReportDetails
Market Size ValueUSD 7,597 Million in 2023
Market Size ValueUSD 16,820 Million by 2030
CAGR12.02%
Forecast Period2023-2030
Base Year 2023
Historic Data2019

Major vendors in the North America Advanced Metering Infrastructure market:  Badger Meter, Inc., Cisco Systems, Inc, Eaton, General Electric, Honeywell International Inc., Hubbell, IBM, Itron Inc., Landis+Gyr, Mueller Water Products, Inc, Schneider Electric, Siemens, TRILLIANT HOLDINGS INC, ZENNER International GmbH & Co and Others.

Market Overview

The North America Advanced Metering Infrastructure (AMI) market is experiencing significant growth and transformation, driven by the need for utilities to modernize their metering systems and meet evolving energy demands and regulatory requirements. AMI, comprising smart meters, communication networks, and data management solutions, revolutionizes traditional utility metering by enabling real-time monitoring, data collection, and two-way communication between utilities and consumers. Utilities are increasingly under pressure to modernize their metering systems in response to evolving energy demands and regulatory requirements. Traditionally, utility metering systems have been characterized by manual readings and limited capabilities for real-time monitoring and data collection. However, with the rise of advanced metering infrastructure (AMI), utilities are embracing modernization initiatives to enhance operational efficiency, grid reliability, and customer service.

Additionally, consumer expectations are shaping utilities' modernization efforts. Consumers increasingly demand transparency and control over their energy usage, prompting utilities to deploy AMI systems that provide real-time energy consumption data. This empowers consumers to make informed decisions about their energy usage, optimize consumption, and potentially reduce utility bills.

Improving customer service

Improving customer service is a key driver behind the adoption of advanced metering infrastructure (AMI) in the North America market. AMI offers utilities the ability to enhance their customer service by providing consumers with greater transparency, control, and personalized support regarding their energy usage. One way AMI improves customer service is by enabling real-time monitoring and data collection. With smart meters and advanced communication networks, utilities can remotely collect data on energy consumption, identify usage patterns, and detect anomalies in real-time. This allows utilities to provide timely insights to consumers, helping them understand their energy usage and potentially identify opportunities for efficiency improvements.

Market Dynamics

Drivers:

  • Rising utilities to modernize their metering systems
  • Improving customer service
  • Increased control over their energy usage

Opportunities:

  • Technological Advancements in AMI
  • Growing investment in AMI infrastructure
  • Growing demand for real-time energy consumption data

Growing demand for real-time energy consumption data

The North America Advanced Metering Infrastructure (AMI) market is experiencing growth, largely driven by the escalating investment in AMI infrastructure by utilities across the region. Smart meters, communication networks, and data management solutions are pivotal components of this infrastructure, enabling utilities to monitor energy consumption in real-time, optimize resource allocation, and meet regulatory requirements. Moreover, technological advancements in communication technologies, data analytics, and sensor capabilities are driving the adoption of AMI solutions. These innovations empower utilities to deploy sophisticated monitoring and management systems that improve grid operations and enhance overall system performance.

US dominates the market for North America Advanced Metering Infrastructure.

The United States stands out as the dominant player in the North America Advanced Metering Infrastructure (AMI) market. The US AMI market is characterized by a dynamic landscape shaped by factors such as regulatory mandates, technological innovation, and utility modernization initiatives. Federal and state-level regulations, including energy efficiency standards and grid modernization initiatives, drive utilities to invest in AMI infrastructure to improve operational efficiency, enhance grid reliability, and meet evolving regulatory requirements. Technological advancements in communication technologies, data analytics, and sensor capabilities further accelerate the adoption of AMI solutions in the US. These innovations enable utilities to leverage smart meters, communication networks, and data management systems to monitor energy consumption in real-time, optimize resource allocation, and enhance customer service.

The Advanced Metering Infrastructure Security Segments is anticipated to hold the Largest Market Share during the Forecast Period

AMI Security plays a pivotal role within the Advanced Metering Infrastructure (AMI), a sophisticated network comprising smart meters and communication technologies facilitating two-way communication between utilities and consumers. This security component is essential for preserving the integrity and confidentiality of various types of data transmitted across the AMI network, encompassing meter data such as energy consumption and outage information, customer data including billing details and personal information, as well as control data related to remote meter readings and demand response signals.

The advantages of AMI Security are multifaceted. It contributes to enhanced grid reliability by safeguarding against potential cyberattacks that could disrupt power delivery. Furthermore, it ensures improved data privacy, protecting customer data from unauthorized access. AMI Security also plays a role in reducing operational costs by minimizing the damage caused by cyberattacks and data breaches. Additionally, it facilitates increased energy efficiency by enabling the secure implementation of demand response programs and enhances customer engagement by providing consumers with secure access to their energy usage data.

Segmentations Analysis of North America 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
    • North America
      • US
      • Canada

Recent Developments

  • In April 2021, Aclara Technologies LLC in the US announced a significant development in the adoption of advanced metering infrastructure. Austin Utilities opted for an end-to-end AMI solution based on the Aclara RF network, covering electric, gas, and water customers. This point-to-multipoint AMI network replaces manual meter-reading systems, benefiting 12,000 electric, 9,500 water, and 11,000 gas meters.

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

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

 Reason to purchase this North America Advanced Metering Infrastructure Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the North America Advanced Metering Infrastructure Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different North America 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 North America 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 North America 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 North America 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

Methodology:

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