Robust Demand from Electric, Water & Gas Utilities Drives the Advanced Metering Infrastructure Market, According to a New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) May 22, 2015 -- Follow us on LinkedIn – The global utility sector is undergoing radical transformation through advanced metering infrastructure (AMI), which comprises communication systems and network; customer and programme data management; and meter data management (MDM). AMI represents smart electric, water and gas meters that measure and record consumption/usage data, generally on an hourly basis, and communicate the same to consumers as well as utility companies once a day or at desired time intervals. AMI deployments in utility architectures significantly reduce total operating expenses through effective load management, reliability and two-way communication. The reduced operational costs thus translate into additional revenues and improved asset utilization. AMI also helps reduce the carbon footprint of power plants and other utility stations by promoting energy conservation programs and enhanced outage management services. With focus on improving reliability, customer satisfaction, cost savings and energy efficiency, government-operated enterprises and utility companies are increasingly deploying AMI as a strategic response to enable the smart grid standard.
Critical factors including legislations, standardizations, and economic, political and environmental concerns are driving AMI adoption in a big way. The global AMI market is also benefiting from the escalation in demand for power, particularly from emerging economies, constantly changing energy policies all over the world, and rapid technological developments in the power generation equipment sector. Ever increasing energy demand, rapidly exhausting non-renewable resources, requirement for efficient utility solutions which adhere to regulatory mandates, are also spurring market growth. Future growth in the market will be driven by the installation of smart meters in smart grids for new housing starts and infrastructure projects across the world. Other important growth drivers include improving global economies and bulk population exodus towards urban cities, which is increasing the pressure as well as load of existing power grids spurring the need for efficient and advanced metering infrastructure.
As stated by the new market research report on Advanced Metering Infrastructure, Asia-Pacific represents the largest market worldwide. Increasing public and private investment into infrastructure projects is playing a pivotal role in accelerating market expansion in the region. Steady economic development, rapid industrialization, increasing urbanization, expanding population, and rising disposable income levels have spurred the consumption of electricity thereby driving demand for advanced power generation and power management equipment. Demand for AMI in developed markets such as the US, Europe and Japan is largely driven by the replacement of aging power grids with energy efficient metering infrastructure. Japan represents the fastest growing market worldwide registering a CAGR of 24.4% over the analysis period.
Key players covered in the report include Aclara Technologies LLC, AusNet Services Group, Certicom Corp. (Canada), Cooper Power Systems, LLC, Diehl Metering GmbH, DNV GL Group, EDMI Limited, Elster Group GmbH, Elster Water Metering, GE Digital Energy, Infosys Limited, Itron, Inc., Holley Metering Limited, KP Electronic System Ltd., Master Meter Systems, LLC, Mueller Systems, LLC, Neptune Technology Group Inc., NeoSilica, Sensus, Ningbo Sanxing Electric Co., Ltd., Silver Spring Networks, Tantalus Systems Inc., Landis+Gyr, and Wasion Group Limited, among others.
The research report titled “Advanced Metering Infrastructure (AMI): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in dollars for major geographic markets including the US, Canada, Japan, Europe (France, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, South Korea, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, and Rest of Latin America).
For more details about this comprehensive market research report, please click here
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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