DUBLIN, January 28, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/kdxcwp/advanced_metering) has announced the addition of the "Advanced Metering Infrastructure Market by Devices, Solutions, Services, by Regions - Global Forecast to 2020" report to their offering.
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The Advanced Metering Infrastructure (AMI) market size is estimated to grow from USD 10.06 Billion in 2015 to USD 19.52 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 14.2%.
Advanced Metering Infrastructure (AMI) is one of the primary steps for smart grid optimization. AMI assists utility companies to manage energy demand by identifying peak time of load. Moreover, AMI also helps consumers manage their energy consumption as well as Time-Of-Use (TOU) rate. This has led to increased implementation of AMI.
Government organizations all around 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, European Union mandate aims to replace 80% of all the traditional power meters with AMI, by 2020. Also, in Japan, the Tokyo Electric Power Company (TEPCO) plans to deploy 27 million electric smart meters and create an integrated energy management platform which connects to smart devices in homes and businesses. These government mandates are the major drivers of advanced metering infrastructure market landscape across the globe. Additionally, rising energy demand and the need for improved customer service level and utility efficiency also aid the growth of the AMI market.
The meter communication infrastructure solution accounts for the highest market share in the advanced metering infrastructure market globally. Radio frequency (RF) network is the emerging communication solution of AMI that holds a huge growth potential, especially, in the regions of North America, which prefers wireless communication infrastructure.
Many countries across the globe are trying to develop a communication protocol for domestic usage since there are configuration and compatibility differences in communication protocols. Hence, meter communication infrastructure such as RF network, cellular network, and power line communication network are estimated to grow at an impressively high growth rates during the forecast period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 AMI Market Analysis, By Device
8 AMI Market Analysis, By Solution
9 AMI Market Analysis, By Service
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Aclara Technologies Llc.
- Cisco Systems, Inc.
- Elster Group Gmbh
- General Electric Corporation
- Ibm Corporation
- Itron Inc.
- Schneider Electric Se
- Tieto Corporation
- Trilliant Inc.
For more information visit http://www.researchandmarkets.com/research/kdxcwp/advanced_metering
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