Advanced Metering Infrastructure Market Scope
Advanced Metering Infrastructure (AMI) refers to the entire infrastructure from the smart meter to two way-communication network setup to regulate all the applications that support the collecting and transfer of energy usage data in near real-time. It improves the accuracy of meter reading, energy theft detection, response to power outages and eliminates the need for on-site meter reading by providing real-time information about power consumption. Increasing government initiatives for digitization in energy sector driving the demand for AMI. For instance, The City of Philadelphia Water Department (PWD), to deliver smart water technology for its metering and customer service program selected Sensus, a public service provider for utilities to cities.
According to AMA, the Global Advanced Metering Infrastructure market is expected to see growth rate of 13.89%Number of players are present in the market hence fragmented nature of the market. Market leaders are focusing on technological developments such as integration of IoT, real-time data analytics solution with AMI. Further, increasing usage of AMI for both residential and commercial purpose driving the demand for AMI. For instance, according to the U.S. Energy Information Administration (EIA) in 2017, electric utilities had about 78.9 million AMI installations. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Advanced Metering Infrastructure market throughout the predicted period.
Cisco Systems, Inc. (United States), IBM Corporation (United States), General Electric (United States), Schneider Electric SE (France), Siemens AG (Germany), Itron, Inc. (United States), Aclara Technologies LLC (United States), Elster Group GmbH (Germany), Sensus (United States), Tieto Corporation (Finland) and Trilliant, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Genus Power Infrastructures Ltd. (India), Silver Spring Networks (United States) and Cooper Industries (United States).
Segmentation Overview
The study have segmented the market of Global Advanced Metering Infrastructure market and Region with country level break-up.
On the basis of geography, the market of Advanced Metering Infrastructure has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Emphasizing On Incorporation of AMI with Smart Devices and Integration of IoT with AMI for Real-Time Data about Power Consumption
Market Growth Drivers:
Government Initiatives for Smart Homes and Grid Modernization and Rise in Customer Participation in Demand Response Programs
Challenges:
Lack of Awareness in Emerging Countries
Restraints:
Issues Related With Interoperability of Different Services and High Capital Investment Associated With AMI
Opportunities:
Rise in Demand of AMI for Water Utilities and Increasing Demand from Developing Economies Owing to Rise in Energy Demand
28th September 2018, Genus Power Infrastructures Ltd. engaged in manufacturing and distribution of Electronic Energy Meters, set up an AMI lab at the Smart Grid Knowledge Centre of Powergrid Corporation of India Limited.
Key Target Audience
Advanced Metering Infrastructure Companies, Advanced Metering Infrastructure Providers, Technical Universities, System Integrators, Managed Security Service Providers, Professional Service Providers, Market Research and Consulting Firms, Solution Providers, Technology Standards Organizations and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.