The AMI market is expected to witness rapid growth with increase in global energy demand over the forecast period. Grid modernization initiatives, regulatory mandates and need for energy conservation have been growing rapidly. More Information visit - http://www.grandviewresearch.com/industry-analysis/advanced-metering-infrastructure-ami-market
Advanced Metering Infrastructure (AMI) Market Outlook, Trends To 2020: Grand View Research, Inc.
1. Advanced Metering Infrastructure (AMI) Market Analysis,
Market Size, Application Analysis, Regional Outlook,
Competitive Strategies And Forecasts, 2014 To 2020
The AMI market is expected to witness rapid growth with increase in global
energy demand over the forecast period. Grid modernization initiatives,
regulatory mandates and need for energy conservation have been growing
rapidly. Governments across the globe are encouraging utilities to deploy
smart meters across various industry verticals. AMI offers several benefits
to consumers and utilities, which include financial benefits, system
operation and customer services. Reducing energy peak demands and
increasing emphasis on improving energy efficiency by encouraging
participation in demand response programs is expected to drive AMI
market growth.
2. In addition, efficient incorporation of renewable energy, carbon saving and
AMI for water utilities may offer huge opportunities for potential market
growth. However, inadequate financial incentives for utilities, safety
concerns and health issues are some factors that may curb the AMI
market.
3. For More Information on "Advanced Metering Infrastructure (AMI)
Market Research Reports" visit -
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infrastructure-ami-market
Smart meters segment is expected to dominate the market owing to short
meter life span, lower transportation costs, use of power communications
and low installation costs. Key initiatives include leveraging developments
used by peers in the electronics sector for load detection, data privacy,
data security, smart grid and data communication. Growing consumer
concern regarding carbon footprint is expected to spur overall market
growth. North America is expected to be the dominant market, followed by
Europe. Favorable regulatory conditions in Asia Pacific and North American
countries are expected to assist rollouts of smart meters over the forecast
period. Growing population and acceptance of modern systems by utilities
in Asia Pacific is expected to drive regional AMI market growth. Several
manufacturers in the developing markets are developing remotely actuated
valves for residential applications to address non-pay, theft and leak
situations.
Major market participants include Echelon Corporation, Eaton Corporation,
Itron and General Electric.
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