The research and analysis carried out in the large scale Active Health Monitoring System Market business report helps clients to predict investment in an emerging market, expansion of market share or success of a new product with the help of global market research analysis. This market report is also enriched with historic data, present market trends, market environment, technological innovation, upcoming technologies and the technical progress in the related industry. By utilizing few steps or a number of steps, the process of formulating This market research report is started with the expert advice. The leading Active Health Monitoring System Market report offers the best and professional in-depth study on the existing state for the THIS industry.
With the specific and high-tech information provided in the steadfast Active Health Monitoring System Market report, businesses can get idea about the types of consumers, consumer’s demands and preferences, their perspectives regarding the product, their buying intentions, their response to particular product, and their varying tastes about the specific product which is already present in the market. All the statistical and numerical data that has been estimated in This industry report is represented with the help of graphs, charts, or tables which makes This report more user friendly. Complete compilation of company profiles that are driving the market is also performed in the premium Active Health Monitoring System Market report.
Global advanced metering infrastructure (AMI) market was valued at USD 19.24 billion in 2021 and is expected to reach USD 77.37 billion by 2029, registering a CAGR of 12.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Key Players Mentioned in the Active Health Monitoring System Market Research Report:
General Electric (U.S.)
Siemens (Germany)
ABB (Switzerland)
Emerson Electric Co. (U.S.)
AVEVA Group plc (U.K.)
Schneider Electric (France)
Wipro Limited (India)
IBM (U.S.)
Robert Bosch GmbH (Germany)
Etteplan Oyj (Finland)
Fujitsu (Japan)
Cisco Systems, Inc. (U.S.)
IBM (U.S.)
Siemens (Germany)
Itron Inc., (U.S.)
Oracle (U.S.)
Fujitsu (Japan)
Honeywell International Inc., (U.S.)
Accenture (Ireland)
SAP SE (Germany)
Advanced Metering Infrastructure (AMI) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Numerous Benefits ofAdvanced Metering Infrastructure (AMI)
The advanced metering infrastructure provides a variety of services, including head-end systems, meter data management services systems, metering and communication systems, and others which has largely created the demand for the advanced metering infrastructure (AMI) market. Moreover, the cutting-edge meters offer remote firmware upgrades, remote load limits, and remote meter readings. The bidirectional connection between customers, software, and businesses is made easier by an interconnected system of communication networks, smart meters, and data processing systems. It gives the electrical grid more control. These smart meters represent ground-breaking technologies for the utility sector, as they have the ability to enhance data collection and meter reading. These beneficial uses of the advanced metering infrastructure (AMI) will further accelerate the market growth over the forecast period.
- Supportive Government Regulations
Around the world, many countries are creating legal and regulatory requirements for installing smart grids and smart meters. For instance, the European Union has planned that by 2021, sophisticated metering infrastructure would replace 80% of traditional electricity meters. The Tokyo Electric Power Company (TEPCO) also has ambitions to install 27 million electric smart meters in Japan and develop an integrated platform for energy management that will link to smart devices in households and businesses. During the projected period, this element is probably what will propel the global market for advanced metering infrastructure.
Furthermore, the factors such as rising urbanization, industrialization and growing population have further raised the need for generation of energy, which will accelerate the overall market expansion during the forecast period. Additionally, the increasing demand for the establishment of smart cities and smart grid systems are anticipated to drive the growth rate of the advanced metering infrastructure (AMI) market. Moreover, a growth in the demand for low-bandwidth, inexpensive, and delay-insensitive metering is anticipated to result in a significant increase in the demand for advanced metering infrastructure (AMI) communications networks.
Opportunities
- High Adoption Of Smart Meters
The high adoption of smart meters is estimated to generate lucrative opportunities for the market, which will further expand the advanced metering infrastructure (AMI) market's growth rate in the future. The adoption of smart meter technology is being studied, and several smart meter manufacturers are working to develop a standardized design that complies with international laws in order to increase its marketability.
- Increasing Trend Of Digitalization
Additionally, the increasing trend of digitalization further offers numerous growth opportunities within the market. The use of smart gadgets, which are based on IOT, also grows as smart home technology is used more widely. Therefore, it is anticipated that rising energy consumption, which is a good result of digitalization, will fuel market expansion.
Restraints/Challenges
- High Overall Cost
The advanced metering infrastructure (AMI) is very expensive which further derail the overall market’s growth. Moreover, the high cost of installation associated with these smart meters also further add up to the overall costs. Additionally, these meters must be serviced on a regular basis at very high costs, which is another factor that could restrain the development of the market for advanced metering infrastructure. Finally, insufficient financial incentives and the need for better customer service are additional reasons that could impede the growth of the market for advanced metering infrastructure. Therefore, the high costs required for these meters is expected to obstruct market growth over the forecast period.
- Lack of Technical Expertise
The lack of skilled workers or technological know-how, particularly in developing and underdeveloped economies, will further impede the market's growth rate. Therefore, it is anticipated that the dearth of technical expertise will pose as a significant challenge for the advanced metering infrastructure (AMI) market over the forecast period.
Also, the shortage of interoperability standards is yet another major restraint that hurdles the overall growth of the market.
This advanced metering infrastructure (AMI) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the advanced metering infrastructure (AMI) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Recent Developments
- In June 2020, A collaboration contract was being signed between Piedmont Electric and Landis+Gyr to modernise its advanced metering system, provide support technology for member engagement and grid management, and do so. An RF mesh network was installed in the Landis Company's grid stream in order to provide secure connection with modern metres. A distance of 35000 metres was covered. On the current power lines, these new metres will take the place of the old ones, which will assist control the load, increase reliability, and offer flexible billing options.
- IN May 2021, Verizon's managed connectivity LTE must be combined with internet of things sensors from Honeywell to create a smarter energy grid system. Honeywell and telecom provider Verizon have partnered. The effective implementation of this project will accelerate and simplify the deployment of controllers, internet-connected hardware, and sensors on electrical grids.
- In March 2021, Muller Systems and the county water agency of the cadaver were forming a collaboration to install the sophisticated metering infrastructure network. With 14000 AMI points, our alliance will span a vast area of 1000 square miles. This project would replace the majority of the metres in this area while also improving all of the metres' communication capabilities. On the other hand, the CALAVERAS county water districts offer water services to more than 14000 commercial and residential users spread across 7 service zones across the nation.
Active Health Monitoring System Market Regional Analysis:
North America: (United States, Canada, Europe, Germany, France, U.K., Italy, Russia)
Asia-Pacific: (China, Japan, South Korea, Australia, Taiwan, Indonesia, Thailand, Malaysia)
Latin America: (Mexico, Brazil, Argentina, Colombia)
Middle East & Africa: (Turkey, Saudi Arabia, UAE)
Market Key Benefits over Competitors:
- The report provides a qualitative and quantitative analysis of the Active Health Monitoring System market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analysed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Active Health Monitoring System Industry.
Based On The Active Health Monitoring System Industry Market Segmentations:
Devices
- Smart Gas Meters
- Smart Water Meters
- Smart Electric Meters
Services
- System Integration
- Meter Deployment
- Program Management and Consulting
Solutions
- Meter Data Management
- Meter Data Analytics
- Advanced Metering Infrastructure Security
- Meter Communication Infrastructure
Active Health Monitoring System Market Report Objectives
- Analyzing the size of the Active Health Monitoring System market on the basis of value and volume
- accurately calculating the market shares, consumption, and other vital factors of different segments of the Active Health Monitoring System market
- exploring key dynamics of the Active Health Monitoring System market
- highlighting important trends of the Active Health Monitoring System market in terms of production, revenue, and sales
- deeply profiling top players of the Active Health Monitoring System market and showing how they compete in the industry
- studying manufacturing processes and costs, product pricing, and various trends related to them
- showing the performance of different regions and countries in the Active Health Monitoring System market
- forecasting the market size and share of all segments, Regions, And The Market.
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Table of Contents
Report Overview: It includes major players of the Active Health Monitoring System market covered in the research study, research scope, and Market segments by type, market segments by application, years considered for the research study, and objectives of the report.
Growth Trends: This section focuses on industry trends where market drivers and top market trends are shed light upon. It also provides growth rates of key producers operating in the Active Health Monitoring System Market. Furthermore, It Offers Production And Capacity Analysis Where Marketing Pricing Trends, Capacity, Production, And Production Value Of The Active Health Monitoring System market are discussed.
Market Share by Manufacturers: Here, the report provides details about revenue by manufacturers, production and capacity by manufacturers, price by manufacturers, expansion plans, mergers and acquisitions, and products, market entry dates, distribution, and market areas of key manufacturers.
Market Size by Type: This section concentrates on product type segments where production value market share, price, and production market share by product type are discussed.
Market Size by Application: Besides an overview of the Active Health Monitoring System Market By Application, It Gives A Study On The Consumption In The Active Health Monitoring System Market by application.
Production by Region: Here, the production value growth rate, production growth rate, import and export, and key players of each regional market are provided.
Consumption by Region: This section provides information on the consumption in each regional market studied in the report. The consumption is discussed on the basis of country, application, and product type.
Company Profiles: Almost all leading players Of The Active Health Monitoring System Market Are Profiled In This Section. The Analysts Have Provided Information About Their Recent Developments In The Active Health Monitoring System Market, Products, Revenue, Production, Business, And Company.
Market Forecast by Production: The production and production value forecasts included in this section are for the Active Health Monitoring System Market As Well As For Key Regional Markets.
Market Forecast by Consumption: The consumption and consumption value forecasts included in this section are for The Active Health Monitoring System market as well as for key regional markets.
Value Chain and Sales Analysis: It deeply analyzes customers, distributors, sales channels, and value chain of the Active Health Monitoring System market.
Key Findings: This section gives a quick lk at important findings of the research study.
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