Global Advanced Metering Infrastructure (AMI) Market 2015-2019
An AMI refers to an infrastructure ranging from smart meters to two-way communication networks through various communication and data processing channels. It comprises of all the applications that permit the assembly and flow of energy usage on real-time basis. It makes two-way communications with clients possible. It is considered as the backbone of the smart grid because all the operations taking place in metering and load flow are regulated through an AMI. The main functions of an AMI include remote meter reading for error-free data, identifying energy system problem, load outlining, energy inspection, and reduction of load during shedding.
Technavio's analysts forecast the global advanced metering infrastructure market to grow at a CAGR of 9.0% over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global advanced metering infrastructure market for the period 2015-2019. The report includes the segmentation of the market on the basis of components as well as geography.Technavio's report, Global Advanced Metering Infrastructure Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Advanced Metering Infrastructure Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Advanced Metering Infrastructure Market: Eaton, General Electric, Itron, Landis+Gyr and Schneider Electric
Other Prominent Vendors in the market are: Echelon, Elster Group, Sensus and Silver Spring Networks
Commenting on the report, an analyst from Technavio’s team said: “Regulatory authorities in various countries such as China, Italy, India, and the US have exhibited interest in the installation of smart energy meters and MDM systems over the years. Policy regulators worldwide are constantly developing frameworks and policies to adopt smart meters and implement MDM software. Most of these policies are implemented by power utilities in different countries, which has led to an upsurge in the number of smart energy meter installations worldwide. Countries such as the US and Canada have witnessed large-scale deployment of smart energy meters on the back of increased support from their respective governments.”
According to the report, developing countries, especially India and China, face the major threat of an increase in power losses owing to the increase in power theft. Smart energy meters installed under AMI are well equipped to counter the meter tampering and help utilities avoid loss of revenue. A reduction in the electricity theft will help achieve improved and efficient energy management. There have been cases where utilities have lost 10% of their potential revenue because of electricity theft. The anti-tampering abilities of the AMI help counter such issues, thus driving the growth of the global AMI market. Faults associated with distribution systems can also lead to power losses. Some transformers do not have low-voltage automation systems, making it cumbersome to measure the loss of energy during transmission.
Further, the report states that issues related to data management and meter replacement has been a major challenge for this market.
Eaton, General Electric, Itron, Landis+Gyr, Schneider Electric, Echelon, Elster Group, Sensus, Silver Spring Networks
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook