DUBLIN, March 31, 2021 /PRNewswire/ — The “Advanced Metering Infrastructure (AMI) – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
The Global Advanced Metering Infrastructure (AMI) Market to Reach $13.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Advanced Metering Infrastructure (AMI) estimated at US$ 7.3 Billion in the year 2020, is projected to reach a revised size of US$ 13.8 Billion by 2027, growing at a CAGR of 9.5% over the analysis period 2020-2027.
Smart Gas Meters, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$ 2.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Smart Electric Meters segment is readjusted to a revised 9.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 11.0% CAGR
Advanced Metering Infrastructure (AMI) market in the U.S. is estimated at US$ 1.2 Billion in the year 2020. China is forecast to reach a projected market size of US$ 5.3 Billion by the year 2027 trailing a CAGR of 11.0% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Canada, Japan and Europe, each forecast to grow at 7.1% 6.3% and 7.3% respectively over the 2020-2027 period.
Smart Electric Meters Segment to Record 9.7% CAGR
In the global…