San Francisco, California, February 23, 2017: TMR Research has published a new report titled, “Advanced Metering Infrastructure Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025.” According to the report, the global advanced metering infrastructure market is primarily driven by the stupendous increase in the adoption and construction of smart grids. With the growing awareness spreading regarding the benefits of advanced metering infrastructure such as free remote meter reading, enhanced customer service, reduced load during shedding, and improved utility efficiency, this market is slated to witness a healthy expansion during the forecast period.
An important reason which has fuelled the adoption of advanced metering infrastructure is the rising incidences of electricity theft. The cost of electricity has seen considerable rise in the past few years and this has also led to the rise in electricity theft which in turn has created a favourable environment for the demand for advanced metering infrastructure. With these devices, consumers are able to monitor their energy consumption as well as manage it effectively. Utility companies are making use of advanced metering infrastructure in order to identify the peak time of load as well as management of energy demand. The global advanced metering infrastructure market also receives immense support from governments and other regulatory bodies.
Governments worldwide are issuing regulatory mandates with regards to the use of smart meters and smart grids. In Europe, 80% of the conventional power meters is aimed to be replaced with advanced metering infrastructure by 2020, on account of the European Union mandating its replacement. In Japan, the Tokyo Electric Power Company has plans to deploy around 27 million electric smart meters for creating a platform which connect smart devices to homes and businesses as well as integrate energy management. All these initiatives by companies as well as government mandates are pushing the growth of the global advanced metering infrastructure market. On the other hand, data management can pose a challenge for this market. Also, meter replacement will be another challenge.
On the basis of geography is estimated that North America will lead in the advanced metering infrastructure market on account of the favourable government initiatives for deploying smart meters and constructing smart grids. Asia Pacific is anticipated to emerge as the most lucrative regional market for advanced metering infrastructure on account of the increasing demand for smart infrastructure as well as rising demand for energy management. Numerous technology upgrades and regulatory mandates are also expected to drive the market in Asia Pacific. In addition to all these factors, the growing awareness among consumers regarding energy wasted and the resulting carbon footprint will propel the demand for advanced metering infrastructure.
The companies operating in the global advanced metering infrastructure market are focused on providing metered data management and end-to-end integrated services to utilities. One of the key strategies adopted by companies within the advanced metering infrastructure market is to invest in research and development in order to develop meters which are more accurate and highly efficient. Some of the leading vendors operating in the global advanced metering infrastructure are Itron, Eaton, Elster Group, General Electric, Schneider Electric, Landis+Gyr, Echelon, Silver Spring Networks, and Sensus.
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