The global advanced metering infrastructure market can be segmented on the basis of criteria such as application, hardware, end-use sector, and geography.

Albany, NY -- (SBWire) -- 02/17/2017 --Advanced Metering Infrastructure (AMI) is used for a programmed two-way communication between a utility company and a smart utility meter with a dedicated IP address. AMI is considered as an imperative part of any smart grid project. The central purpose of AMI is to provide utility companies with instantaneous data about power consumption at the consumer end. From a consumer's perspective, AMI helps make several decisions regarding energy consumption depending upon energy prices over the period of usage.

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In the past few years, the awareness regarding the need to conserve energy as a way of cutting the emission of greenhouse gases and carbon, of which most fossil-fuel powered power generation plants are a major source. This has prompted governments of several countries to implement regulations to minimize the loss of electricity through faulty or old terminals and power thefts. This has resulted in the significant rise in demand for ways of monitoring power distribution infrastructures, consequently leading to the increased usage of AMI. More stringent regulations are expected to be implemented in future years, which would further drive the global market for AMI.

Global Advanced Metering Infrastructure Market: Segmentation

The global advanced metering infrastructure market can be segmented on the basis of criteria such as application, hardware, end-use sector, and geography. On the basis of hardware and application, the market can be segmented into meter communication infrastructure, analytics, meter data management, energy management devices, smart meters, home energy management, electric vehicle support, and security. On the basis of the end-use sectors, the global advanced metering infrastructure market can be segmented into residential, industrial, and commercial.

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Global Advanced Metering Infrastructure Market: Drivers and Restraints

Some of the key factors driving the global adoption of advanced metering infrastructure are the escalating demand for energy, need to deliver enhanced consumer services to retain consumers in the highly competitive utilities' sector, stringent government norms pertaining to energy savings, and the need for high level of efficiency in operations in the utility sector. Moreover, the rising need for switching from conventional distribution infrastructure to smart grids to ensure excellent energy management is also a key growth factor fuelling the global demand for advanced metering infrastructure.

However, the high costs of implementing advanced metering infrastructure could be a key restraint for the growth of the market, especially across cash-strapped countries and small industries. Lack of funding for the implementation of advanced metering infrastructure could also pose challenges to the adoption of advanced metering infrastructure in certain regional markets. Moreover, the volatile economic conditions in Europe, fluctuating foreign exchange rates and global economic slowdown are also expected to have a negative impact in the growth of advanced metering infrastructure market.

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Global Advanced Metering Infrastructure Market: Geographical and Competitive Dynamics

North America is expected to observe a decline in the implementation of AMI, as companies are moving towards smaller ventures and providing services to the existing installations of the meters. The market in Asia-Pacific is expected to be driven by China, which is expected to lead in terms of AMI installations in the coming years. In addition, South Korea and Japan are also expected to provide significant demand in this market during the forecast period.

Some of the key players operating in the AMI market are Trilliant,Inc, Schneider Electric SA., Tieto Corporation, Silver Spring Networks,Inc, Sensus, Itron,Inc., Iskraemeco, IBM, General Electric, Elster Group Se, Echelon Corporation, Landis+Gyr AG, Cooper Power Systems, Cisco Systems, Inc., Aclara, Tendril, Osisoft, Onzo, NURI Telecom, Master Meter Systems, Kamstrup, Kalkitech, and Badger Meter.

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