New York, According to a new market research report published by Global Insight Services “Advanced Metering Infrastructure Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Advanced Metering Infrastructure (AMI) is a system of integrated hardware and software components that automates the process of collecting energy consumption data from customers and communicating that information back to the utility. The system typically includes meters that are equipped with two-way communications capabilities, data collection devices, and a network that connects all of the components.
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Key Players
- Aclara
- Badger Meter
- C3 IoT
- Cisco
- Comverge
- Elster
- Echelon
- GE
- Honeywell
Some of the key trends in AMI technology include:
1. Increased use of two-way communication: This allows utilities to not only track electricity usage, but also to remotely control devices such as meters and switches. This helps to improve grid efficiency and reduce power outages.
2. Increased use of smart meters: Smart meters are able to communicate with the utility and provide information on electricity usage. This helps customers to better understand their energy consumption and make informed decisions about their usage.
3. Increased use of data: AMI systems generate a lot of data that can be used to improve grid management and customer service. Utilities are using data analytics to identify trends and improve their operations.
4. Improved security: AMI systems use encryption and other security measures to protect customer data and prevent tampering.
5. Greater customer engagement: AMI systems provide customers with information about their electricity usage, which can help to engage them in conservation efforts.
AMI technology is evolving rapidly, and utilities are finding new and innovative ways to use it to improve their operations and better serve their customers.
Key Drivers
Advanced Metering Infrastructure (AMI) is a system that uses two-way communication technology to collect data about a customer’s electricity usage. This data is then used to improve customer service, lower operational costs, and make the electricity grid more efficient.
AMI is often seen as a key driver of the smart grid, as it provides the data needed to make informed decisions about how to manage the electricity grid. In addition, AMI can help utilities avoid or mitigate power outages, and it can provide valuable data for demand-response programs.
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Market Segments
By Product Type
- Smart Metering Devices
- Electricity
- Water
- Gas
- Solutions
- Meter Communication Infrastructure
- Software
- Services
- System Integration
- Deployment
- Program Consulting
By End-user
- Residential
- Commercial
- Industrial
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