ADVANCED METERING INFRASTRUCTURE MARKET ANALYSIS
Global Advanced Metering Infrastructure Market: Regional Insights
On the basis of region, the global advance metering infrastructure market is segmented into North America, Europe, Asia Pacific, Middle East, and Africa. The North America held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The U.S. is anticipated to hold highest market share, followed by Canada throughout the forecast period. According to Coherent Market Insights analysis, the yearly shipments of smart electricity meters in North America will grow from 8.8 million units in 2018 to 19.9 million units in 2024. Moreover, the growth in number of the IoT-based devices in various verticals such as electricity, water, and gas are the another major factors expected to boost the growth of the global advance metering infrastructure market. A major trend observed in these countries of the region is installing smart water meters, which helps consumers to improve management of water consumption through access of real-time usage data. For instance, in June 2018, Itron, American Technology Company, announced the launch of its new intelligent gas meter, Itron Intelis gas meter. The Itron Intelis gas meter can be operate in mobile mode and on the Itron OpenWay Riva and Gen5 IoT networks to deliver post-processing analytics and near real-time data. Therefore, IoT-based devices are fuelling growth of the global advance metering infrastructure market.
On the basis of regions, the global advanced metering infrastructure market is classified into:
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