Advanced Metering Infrastructure Market worth 9.19 Billion USD by 2020
The report "Advanced Metering Infrastructure Market by Device (Smart Electric, Water, & Gas Meters), by Solution (MDM, Meter Data Analytics, AMI Security, and Meter Communication Infrastructure), by Service, and by Regions - Global Forecast to 2020", The
(EMAILWIRE.COM, May 19, 2018 ) The Advanced Metering Infrastructure (AMI) market size is expected to grow from USD 4.48 Billion in 2015 to USD 9.19 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 15.5%. AMI is one of the primary steps for smart grid optimization. AMI assists utility companies to manage energy demands by identifying the peak time of load. Moreover, AMI also helps consumers manage their energy consumption as well as Time-Of-Use (TOU) rate. This has led to increased implementation of AMI.
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Government organizations all across the globe are issuing regulatory mandates and legislative directives regarding construction of smart grids as well as deployment of smart meters. In line with this, the European Union mandate aims to replace 80% of all the traditional power meters with AMI, by 2020. Moreover, in Japan, the Tokyo Electric Power Company (TEPCO) plans to deploy 27 million electric smart meters and create an integrated energy management platform that connects to smart devices in homes and businesses. These government mandates are the major drivers of the Advanced Metering Infrastructure market landscape across the globe. In addition, rising energy demand and the need for improved customer service level and utility efficiency also aid the growth of the AMI market.
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The meter data management solution is expected to account for the highest market share in the Advanced Metering Infrastructure market globally. Meter Data Management (MDM) maintains the meter data repository for a limited amount of time before it goes to a data warehouse and makes this data available to authorized systems. Vendors of MDM are now adopting a modular approach by developing modules that would help utilities in a number of different applications, such as customer billing, credit management, outage management, and meter asset management.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=969
Government organizations all across the globe are issuing regulatory mandates and legislative directives regarding construction of smart grids as well as deployment of smart meters. In line with this, the European Union mandate aims to replace 80% of all the traditional power meters with AMI, by 2020. Moreover, in Japan, the Tokyo Electric Power Company (TEPCO) plans to deploy 27 million electric smart meters and create an integrated energy management platform that connects to smart devices in homes and businesses. These government mandates are the major drivers of the Advanced Metering Infrastructure market landscape across the globe. In addition, rising energy demand and the need for improved customer service level and utility efficiency also aid the growth of the AMI market.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsample.asp?id=969
The meter data management solution is expected to account for the highest market share in the Advanced Metering Infrastructure market globally. Meter Data Management (MDM) maintains the meter data repository for a limited amount of time before it goes to a data warehouse and makes this data available to authorized systems. Vendors of MDM are now adopting a modular approach by developing modules that would help utilities in a number of different applications, such as customer billing, credit management, outage management, and meter asset management.
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MarketsandMarkets™
Mr. Rohan
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results