Sarasota, FL -- (SBWire) -- 01/29/2018 --Advanced metering infrastructure (AMI) is an architectured system which allows two way communications between customer & utilities through communication networks, smart meters, and data management systems. The primary function of AMI is to provide utility companies real time data related to power consumption and allow customer to make energy usage based on the price at the time of use. AMI helps utility companies to manage energy demand by identifying peak time of load.
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The growth of global advanced metering infrastructure (AMI) market has been accelerated by increasing need for improved customer service level and utility efficiency. Furthermore, AMI improves customer engagement activities through two-way communication with improved non-technical loss identification and reduced operational costs, carbon savings, government regulations and legislative mandates are the major factors expected to fuel the growth of market significantly. However, inadequate financial incentives for utilities curb the growth of the market. Nonetheless, integration of AMI with smart devices is expected to provide growth opportunities for market in coming years.
The report covers forecast and analysis for the advanced metering infrastructure (AMI) market on a global and regional level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD million). Study also covers Porter's Five Forces model, which offers an insights view and intensity of competition within the market. The report also analyzes several driving and restraining factors and their impact on the market during the forecast period. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.
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The study provides a decisive view of the advanced metering infrastructure market on the basis of device and regional segment. In terms of device, the market segmented into smart meter, communication modules, home area network and others. Smart meter further classified under smart electric meters, smart gas meters, and smart water meter.
Major regional segments analyzed in this study include North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America and Europe dominated the advanced metering infrastructure (AMI) market. Asia Pacific is expected to drive the growth of AMI market in coming year due to the growing population & acceptance by people and government.
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Key players profiled in the report includes Cisco Systems, Inc., General Electric Corporation, IBM Corporation, Itron Inc., Schneider Electric SE, Aclara Technologies Llc. , Elster Group Gmbh , Sensus , Tieto Corporation , Trilliant Inc. and others.
Advanced Metering Infrastructure (AMI) Market Key Opportunities & Global Forecast, 2015-2021
Advanced Metering Infrastructure (AMI) Market - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021