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.
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
- Asia Pacific
- Latin America
- Middle East & Africa
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