Advanced Metering Infrastructure Market is expected to register high CAGR during the forecast period (2018-2023)| Top Vendors - LANDIS+GYR GROUP AG, IBM CORPORATION, ITRON INC., SCHNEIDER ELECTRIC SE , SENSUS USD INC. , amongst others

Market Analysis:

Europe to Hold a Major Market Share
Although, over the last few decades, the population growth in Europe was minimal, the number of single households continued to witness a steep rise, thus creating a significant spike in the demand of water. This factor, coupled with the climate change, is putting pressure on the water resources.

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The rising pressure on conserving resources, government regulations regarding the usage of water, electricity, and gas, coupled with the advancements in metering technologies, are anticipated to buoy the adoption rate of advanced metering infrastructure during the forecast period. However, the lack of capital investments for infrastructure installation and lack of ROI on these installations are expected to hinder the market growth. AMIs boost a utility’s ability to accurately and timely bill customers for the amount of water used. Currently, the water and wastewater industries are undergoing the process of transformation, through the use of ICT and near real-time data generation. Moreover, with the deployment of AMIs helping to identify and reduce leakages and non-revenue water, the market is expected to grow exceptionally over the forecast period.

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Market Segments:
Advanced Metering Infrastructure Market is segmented by:
1. Product : Smart Office Lighting, Security & Access Controls System, Energy Management System, Smart HVAC Control System, Audio-Video Conferencing System, Fire & Safety Control System, Others
2. Building Type: Retrofits, New Buildings
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018 - Aclara and Suez signed a partnership to provide smart infrastructure solutions to the US municipalities.
• September 2017 - Landis+Gyr, a global smart metering supplier, with its smart grid solutions, secured one of the largest smart metering contracts yet awarded in India, with Tata Power Delhi Distribution Ltd.

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