Advanced Metering Infrastructure Market Size Worth USD 24.68 Billion by 2027 | CAGR of 15.4%: Emergen Research

Advanced Metering Infrastructure Market Size Worth USD 24.68 Billion by 2027 | CAGR of 15.4%: Emergen Research

PR Newswire

VANCOUVER, B.C., Oct. 5, 2020

- The increasing demand for the smart city and smart grid and the growing need for energy across the world are driving the demand for the market

- Market Size – USD 8.35 billion in 2019, Market Growth - CAGR of 15.4%, Market Trends – The rise in IoT integration for real-time data on power consumption

VANCOUVER, B.C., Oct. 5, 2020 /PRNewswire/ -- The Global Advanced Metering Infrastructure Market is forecast to be worth USD 24.68 Billion by 2027, according to a new report by Emergen Research. The growing industrialization, urbanization, and population growth are expected to drive the advanced meter infrastructure market growth during the forecast period. The rising demand for smart cities and smart grid projects is also anticipated to boost the market growth in the coming years.

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However, the lack of government spending on infrastructure installations and lack of inter-operability standards in different regions are expected to hinder the market growth during the forecast timeframe.

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Key Highlights From The Report

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Emergen Research has segmented the global Advanced Metering Infrastructure Market on the basis of type, service, solution, end-use, and region:

Type Outlook (Revenue, USD Billion; 2017-2027)

Service Outlook (Revenue, USD Billion; 2017-2027)

Solution Outlook (Revenue, USD Billion; 2017-2027)

End-Use Outlook (Revenue, USD Billion; 2017-2027)

Regional Outlook (Revenue, USD Billion; 2017-2027)

- North America

  1. U.S.
  2. Canada
  3. Mexico

- Europe

  1. Germany
  2. U.K.
  3. France
  4. Benelux
  5. Rest of Europe

- Asia Pacific

  1. China
  2. Japan
  3. South Korea
  4. India
  5. Rest of APAC

- Latin America

  1. Brazil
  2. Rest of LATAM

- Middle East & Africa

  1. Saudi Arabia
  2. UAE
  3. Rest of MEA

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About Emergen Research 

At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

With market-leading insights and an in-depth understanding of leading and niche technologies, our solutions address the most pertinent questions for your business needs. A major technological shift has been witnessed towards creating a 'Circular Economy,' fuelled by factors, such as the increased adoption of bio-based materials, along with other methods for achieving carbon neutrality. We are conversant in technologies, viz., Artificial Intelligence (AI), Augmented Reality (AR), Virtual Reality (VR), Robotic Process Automation (RPA), Smart Manufacturing, Internet of Things (IoT), Big Data Analytics, Machine learning, Nanotechnology, Edge Computing, Blockchain Technology, Cloud Computing, Vehicle Electrification, Advanced Maintenance Analytics, and Predictive Maintenance, among other prevalent and emergent technologies. 

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