Three Major Forces Driving AMI
Companies offering utility service have been facing unique challenges in managing complex distribution networks for water, gas, and electricity. Apart from difficulties in managing operational activities, these companies have also been facing numerous difficulties in managing the meter-to-cash cycle. The use of Advanced Metering Infrastructure (AMI) technology is one of the primary steps for smart grid optimization. It offers an efficient and reliable solution for utility companies to effectively reach and communicate with the customer base.
Major forces driving the Advanced Metering Infrastructure (AMI) market are regulatory mandates, increasing global energy demand, and the need to improve utility efficiency and customer service level, says a new research report on AMI unveiled by ReportsnReports.com, an online market research reports library.
Various federal and state governments are implementing AMI systems in order to reduce costs and provide other benefits at a customer and operational level, but there are still some challenges that hinder the implementation, such as standardization, regulatory control, and technological barriers.
The report titled, "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)”, analyzes global adoption trends, future growth potential, key drivers, restraints, opportunities, and best practices in this market.
The report estimates the market for AMI in 2014 as $9,319.0 million and has highlighted this to reach $20,029 million by 2019, at a CAGR of 16.5 percent between 2014 and 2019.
The AMI report also analyzes market sizes and revenue forecast across different geographies such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. It also provides a comprehensive study of the drivers, restrains, and opportunities of the AMI market.
Apart from reduced bill estimation and remote meter reads, smart meters are used for two-way communication between central control and the customer-end for dynamic messages such as outage notification. According to the report, 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.
The research also talks about the contributing companies like Eaton Corporation, Echelon Corporation, Elster Group SE, General Electric, IBM, Itron, Landis+Gyr AG, Schneider Electric SA, Sensus, and Silver Spring Networks.
Edited by Adam Brandt