Advanced Metering Infrastructure Market - Competitive Landscape & Technological Breakthroughs Analysis in Next Few Years

The need for grid modernization and positive steps taken by utilities across the world to replace conventional electronic meters with improved smart meters capable of providing improved meter reading and data collection are the most important factors facilitating growth in the global advanced metering infrastructure market. Furthermore, launch of dynamic pricing schemes and demand response programs are considered as motivational factors for the use of smart meters. Demand response programs are considered as enablers of growth in the global AMI market.

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AMI is the integration of hardware, software, and technologies that provide an intelligent connection between consumers. Consumers by participating in demand response programs will benefit from lower electricity bills, while electric distribution utilities will be able to avoid investments in expensive new capacity buildings and benefits from a stable load on a utility grid.

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Use of AMI offers several benefits to the utilities and end consumers, which includes customer service, system operations, and financial benefits. Early detection of meter failures, improved billing accuracy, time-based tariff options to consumers, faster service restoration, and consumer participation in demand response programs are some of the customer service benefits of the AMI.

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Increased meter reading accuracy, reduction in number of meter reads, easier outage management, and easier energy theft detection are some of the system operation benefits. Financial benefits include shorter outages and faster restoration, reduced support expenses and reduced equipment and equipment maintenance cost.

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