CALIFORNIA, UNITED STATES, April 7, 2023 /EINPresswire.com/ -- Description

The global Advanced Metering Infrastructure (AMI) market is poised to grow exponentially in the coming years, according to a new market research report released by coherent market insights, a leading market research company. The report entitles "Advanced Metering Infrastructure (AMI) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast [2023]-[2030]", provides an in-depth analysis of market drivers, restraints, opportunities, and trends o will shape the future of this industry.

The Advanced Metering Infrastructure (AMI) market is gaining momentum due to its ability to provide accurate and real-time data on energy usage, enabling utilities to optimize their operations and reduce costs. AMI technology is a combination of smart meters, data analytics, and communications that work together to provide utilities with detailed information about energy usage, system errors, and other useful metrics.

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The growth of the market is driven by the increasing demand for efficient energy management systems, rising adoption of renewable energy sources, and government initiatives to modernize the power infrastructure.

Key players operating in the global advanced metering infrastructure market include IBM Corporation, General Electric, Itron, Inc. The major vendors covered in the global advance metering infrastructure market includes, Cisco Systems, Inc., IBM Corporation, General Electric, Schneider Electric SE, Itron, Inc., Clara Technologies, Elster Group GmbH, Sensus, Tieto Corporation, and Trilliant, Inc.. These players are focusing on product innovation, strategic partnerships, and mergers and acquisitions to expand their market presence and increase their customer base.

Drivers and Restrains of Advanced Metering Infrastructure (AMI) market:

Drivers:

◘ Increasing demand for energy efficiency
◘ Government regulations and policies
◘ Technological advancements
◘ Increasing adoption of renewable energy

Restraints:

◘ High initial investment cost
◘ Data privacy and security concerns
◘ Technical challenges
◘ Lack of skilled workforce

The report also provides a detailed analysis of the market by geography, application, and end-user. The Asia Pacific region is expected to be the fastest-growing market during the forecast period, driven by the growing demand for electricity and the increasing adoption of smart grid technologies in countries such as China, India, and Japan.

Advanced Metering Infrastructure (AMI): Segmentations
On the basis of meter type, the global advanced metering infrastructure market is segmented into:

◘ Smart water meter
◘ Smart gas meter
◘ Smart electric meter

On the basis of solution, the global advanced metering infrastructure market is segmented into:

◘ MDM(Meter Data Management)
◘ Meter data analytics
◘ AMI( Advanced Meter Infrastructure) Security
◘ Meter Communication Infrastructure

On the basis of service, the global advanced metering infrastructure market is segmented into:

◘ System integration
◘ Meter deployment
◘ Program management and consulting

On the basis of application, the global advanced metering infrastructure market is segmented into:

◘ Residential Application
◘ I&C(Instrument and Control System) Application

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Mr. Shah
Coherent Market Insights Pvt. Ltd.
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