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Advanced Metering Infrastructure (AMI) Market: Worldwide Market Forecasts and Analysis 2013-2018

Global AMI market: $28 billion industry by 2018


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2014-02-17 09:43:01 - Advanced Metering Infrastructure (AMI) Market: Worldwide Market Forecasts and Analysis 2013-2018 - a new market research report on companiesandmarkets.com

The global AMI market (advanced metering infrastructure) is believed to have reached a value of around $15.89 billion at the start of 2013, and is forecast to hit a total of $28.45 billion by 2018. This suggests a CAGR growth rate of 12.4% between 2013 and 2018. In terms of regions, Europe is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) is expected to experience increased market traction, during the forecast period.The AMI market life-cycle widely varies region-wise, while North America (NA) region is expected to see a slowdown in smart meter shipments through 2013 to 2018, a surge is expected in AMI professional and Information Technology (IT) related services and solutions such as

 

 

system integration and meter data analytics in NA; Europe (EU) is expected to hold the largest AMI market share in 2018 followed by the APAC region.Regulatory mandates, the urge for energy conservation and grid modernization initiatives drive the Advanced Metering Infrastructure (AMI) market. AMI has taken Automated Meter Reading (AMR) one step further by improving customer engagement activities through two-way communication. While smart meter deployments will save operational cost for utilities along with improved non-technical loss identification like theft/tamper detection and outage notification, AMI systems will also allow for consumer bill savings by means of Time of Use (TOU) billing.Major AMI vendors such as Itron and Landis+Gyr are focused on providing end-to-end integrated services to utilities from hardware and network endpoints to MDM, system integration and managed services. Although the AMI implementation cost is heavily dominated by hardware endpoint, system integration, meter data analytics and MDM as a Service market is expected to grow.Advanced Metering Infrastructure (AMI) is one of the primary steps for smart grid optimization. To understand the customer needs and to fulfil them in an effective manner, involvement of both consumer and utility companies is essential which has led to implementation of AMI. Different federal and state governments are implementing AMI systems which not only reduce cost but also provide other benefits at customer and operational level such as more effective theft intrusion and detection, personalized tariff plans, improved service quality and easy bill options. Integration of AMI technologies into existing system is growing rapidly; still there are some challenges that hinder the implementation of AMI such as standardization, regulatory control and technological barriers.

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