Future Of Advanced Metering Infrastructure Market

The deployment of AMI solutions enables energy utilities to align energy shortages, revenue protection, load management, and customer service improvement. With the growing energy needs in developing economies and improved customer service level and utility efficiency, the demand for AMI solutions and services has grown tremendously across all countries. Increasing adoption of Internet of Things (IoT) is driving this market. For the forecast period, the AMI analytics segment is expected to grow significantly. Presently, Europe is the largest market for AMI solutions and services.

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Government organizations all across the globe are issuing regulatory mandates and legislative directives regarding construction of smart grids as well as deployment of smart meters. In line with this, the European Union mandate aims to replace 80% of all the traditional power meters with AMI, by 2020. Moreover, in Japan, the Tokyo Electric Power Company (TEPCO) plans to deploy 27 million electric smart meters and create an integrated energy management platform that connects to smart devices in homes and businesses. These government mandates are the major drivers of the Advanced Metering Infrastructure market landscape across the globe. In addition, rising energy demand and the need for improved customer service level and utility efficiency also aid the growth of the AMI market.

The meter data management solution is expected to account for the highest market share in the Advanced Metering Infrastructure market globally. Meter Data Management (MDM) maintains the meter data repository for a limited amount of time before it goes to a data warehouse and makes this data available to authorized systems. Vendors of MDM are now adopting a modular approach by developing modules that would help utilities in a number of different applications, such as customer billing, credit management, outage management, and meter asset management.

North America is estimated to hold the largest market share and dominate the Advanced Metering Infrastructure market in the year 2015. Further, North America is expected to decrease slightly during the forecast period, as most of the AMI projects funded by the American Recovery and Reinvestment Act (ARRA) 2009 for investor-owned larger utilities in the U.S. are expected to reach completion by early 2018. The AMI security solution is expected to have the least growth rate during the forecast period. However, Asia-Pacific (APAC) is projected to have the highest growth rate during the forecast period.

Inadequate financial incentives for utilities, and interoperability and standard interface are the major restraints of the AMI market. The major vendors in the Advanced Metering Infrastructure market include IBM Corporation (U.S.), General Electric (U.S.), Elster Group GmbH (Germany), Schneider Electric (France), Sensus (U.S.), and Tieto Corporation (U.S.). These players have adopted various growth strategies, such as new product launches, partnerships, contracts, collaborations, acquisitions, and expansions to increase their footprints globally.

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