(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/r63jg7/advanced_metering) has announced the addition of the "Advanced Metering Infrastructure (AMI) Market by Smart Meters, Communications, Meter Data Management (MDM), Meter Communication Infrastructure, Security, Analytics - Worldwide Market Forecasts and Analysis (2014 - 2019)" report to their offering.
The global Advanced Metering Infrastructure market is estimated by adding vendor revenues of devices, solutions, and services. This report forecasts the Global AMI market to grow from $9,319.0 million in 2014 to $20,029.0 million in 2019. This represents a compound annual growth rate (CAGR) of 16.5% from 2014 to 2019.
Regulatory mandates, the urge for energy conservation and grid modernization initiatives are driving the Advanced Metering Infrastructure (AMI) market landscape. AMI has taken Automated Meter Reading (AMR) one step further by improving customer engagement activities through two way communication. Utilities across the globe deal with numerous difficulties in managing the meter-to-cash cycle and face commercial losses due to meter inaccuracies, meter reading errors, unauthorized consumption, and so on. 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 Advanced Metering Infrastructure vendors are focused on providing end-to-end integrated services to utilities from hardware and network endpoints to Meter Data Management (MDM), system integration, and program management services. Although the AMI implementation cost is heavily dominated by hardware endpoint; system integration, meter data analytics, and MDM market is expected to grow.
The Advanced Metering Infrastructure market life cycle widely varies region wise, while North American (NA) region is expected to see a slowdown in smart meter shipments through 2014 to 2019, a surge is expected in AMI professional and IT-related services and solutions such as system integration and meter data analytics in NA, Europe is expected to hold the largest AMI market share in 2019.
On the basis of devices:
- Two-way smart meters (electric, gas, and water)
- Communication modules
On the basis of solutions:
- Advanced Metering Infrastructure (AMI) Security
- Meter Data Management (MDM)
- Meter Communication Infrastructure (MCI)
On the basis of services:
- Consulting and program management
- Meter deployment
- System integration
- Eaton Corporation
- Echelon Corporation
- Elster Group SE
- General Electric
- Landis Gyr AG
- Schneider Electric SA
- Silver Spring Networks
For more information visit http://www.researchandmarkets.com/research/r63jg7/advanced_metering
Research and Markets,