Advanced Metering Infrastructure (AMI) Market Worth $20.03 Billion by 2019
DALLAS, August 6, 2014 /PRNewswire/ --
The report "Advanced Metering Infrastructure (AMI) Market by Smart Meters (Electric, Gas, Water), Communications, Meter Data Management (MDM), Meter Communication Infrastructure (MCI), Security, Analytics - Worldwide Market Forecasts and Analysis (2014 - 2019)" by MarketsandMarkets, defines and segments the Global Advanced Metering Infrastructure (AMI) market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with global adoption trends, future growth potential, competitive outlook, and best practices in this market.
Browse 64 market tables and 41 figures spread through 154 pages and in-depth TOC on "Advanced Metering Infrastructure (AMI) Market"
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MarketsandMarkets broadly segments the Advanced Metering Infrastructure (AMI) Market by devices, solutions, and services. Each of these sub-market is further segmented by devices: electric smart meters, gas smart meters, water smart meters, and communication modules; by solutions: AMI security, Meter Data Management (MDM), meter data analytics, and Meter Communication Infrastructure (MCI);by services: program management and consulting, and deployment and system integration. The report analyzes market sizes and revenue forecasts across different regions such as North America (NA), Asia Pacific (APAC), Europe, Latin America (LA) and the Middle East & Africa (MEA).
The major forces driving this market are regulatory mandates, increasing global energy demand, and the need to improve utility efficiency and customer service level. Other factors that are responsible for increase in rollouts of AMI-enabled meters are development and outset of smart grid technologies, increasing regional trends of housing, and emergence of energy management.
MarketsandMarkets believes that the need for deploying smart grid technologies and implementing smart energy practices is playing a cardinal role in shaping the future of AMI market. 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 Meter Data Management (MDM), AMI system integration and managed services. Although the AMI implementation cost is heavily dominated by hardware endpoint, system integration, meter data analytics, and MDM market is expected to surge.
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MarketsandMarkets forecasts the Global Advanced Metering Infrastructure (AMI) Market is estimated to grow from $9,319.0 million in 2014 to $20,029.0 million by 2019. The European region is expected to observe the biggest opportunity for this market in terms of revenue contribution due to the EU 20-20-20 directive, while the NA region is expected to see a slowdown in this market as most large Investor-Owned Utilities (IOU) reach completion of major AMI deployment projects by 2015.
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