Advanced Metering Infrastructure Market to grow 9.19 Billion USD by 2020

According to a new market research 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 advanced metering infrastructure market size is expected to grow from USD 4.48 Billion in 2015 to USD 9.19 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 15.5% during the forecast period.

Various benefits of the advanced metering infrastructure technology, such as ability to detect outages and facilitation of real-time energy consumption patterns for end-users are expected to create traction for the market in the next five years. The major drivers of this market include increasing global energy demand; government mandates and legislative compliances; and the need for improved customer service level and utility efficiency.

Browse 48 market data tables and 43 figures spread through 114 pages and in-depth TOC on "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"

Increasing integration of Internet of Things (IoT) with smart grid to open major opportunities

The market size for advanced metering infrastructure has considerably grown over the past few years and the emergence of disruptive technologies, such as IoT and connected devices has further augmented the opportunity areas for advanced metering infrastructure. With the emergence of connected devices, such as home gateways, smart meters, and smart plugs, innovative ways to manage and predict energy usage have come into the picture. Increasing integration of IoT with smart grid opens major opportunities for the growth of the advanced metering infrastructure market.

Meter Data Management (MDM) solutions segment is expected to hold the most promising potential for the next five years

The advanced metering infrastructure market has been segmented into solutions and services. Advanced metering infrastructure solutions can range from standalone AMI security, MDM, analytics, and Meter Communication Infrastructure (MCI) to integrated solutions where service providers can provide one stop end-to-end solutions to utilities. The MDM solutions segment is projected to grow at the highest growth rate due to the large amount of data being generated and is crucial for the user; hence it is likely to present the largest market opportunity during the forecast period. Advanced metering infrastructure services are aimed at enabling smarter and coordinated decision-making by mitigating the risks and vulnerabilities of the advanced metering infrastructure by the use of efficient tools and techniques.

Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=969

North America contributes maximum market share currently

North America is expected to have the largest market share and would dominate the advanced metering infrastructure market from 2015 to 2020, since rising demand for energy has forced utilities to upgrade the electric and distribution network. The financial soundness of the companies in this region also enables them to invest heavily in the leading tools and technologies for effective energy consumption. Latin America offers potential growth opportunities due to large-scale infrastructure development.

The major vendors covered in the advanced metering infrastructure market for this study include Cisco Systems, Inc. (California, U.S.), IBM Corporation (New York, U.S.), General Electric (Connecticut, U.S.), Schneider Electric SE (Rueil-Malmaison, France), Itron, Inc. (Washington, U.S.), Aclara Technologies LLC (Missouri, U.S.), Elster Group GmbH (Essen, Germany), Sensus (Raleigh, U.S.), Tieto Corporation (Helsinki, Finland), and Trilliant, Inc. (California, U.S.).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: [email protected]

Visit Our Website: https://www.marketsandmarkets.com

Content Source:

https://www.marketsandmarkets.com/PressReleases/advanced-metering-infrastructure.asp