Advanced metering market: Growth shifts to Europe and Asia-Pacific
By: SGN Staff
Quick Take: Talk to North America-focused metering companies and they are still glum. As the release below confirms, meter sales are down and aren't expected to pick up for years. If you want to make money in North America, you need to be looking to system integration and analytics.
But if you shift your eyes to Europe and Asia-Pacific, you'll see room for optimism. Meter sales are growing strongly enough in those regions to offset the declines in North America and create an overall worldwide growth rate greater than 12%. That's still reasonably robust. However, it's not clear whether North American companies will get their share of that pie, given national loyalties. - Jesse Berst
DUBLIN, July 4, 2013 /PRNewswire/ â€“ Research and Markets (http://www.researchandmarkets.com/research/g5sh3r/advanced_metering) has announced the addition of the â€œAdvanced Metering Infrastructure Market: Worldwide Market Forecasts and Analysis (2013 â€“ 2018)â€ report to their offering.
Advanced Metering Infrastructure (AMI) is one of the primary steps for smart grid optimization. To understand the customer needs and to fulfill them in an effective manner, involvement of both consumer and utility companies is essential, which has led to implementation of AMI. Both federal and state governments are implementing AMI systems, which not only reduce cost but also provide other benefits at customer and operational level, such as more effective theft intrusion and detection, personalized tariff plans, improved service quality and easy bill options. Integration of AMI technologies into existing system is growing rapidly; still there are some challenges that hinder the implementation of AMI such as standardization, regulatory control and technological barriers.
This analysis is carried out on the basis of:
Regulatory mandates, the urge for energy conservation and grid modernization initiatives drive the Advanced Metering Infrastructure (AMI) market. AMI has taken Automated Meter Reading (AMR) one step further by improving customer engagement activities through two-way communication. 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.