Press release
Advanced Metering Infrastructure Market 2017-2023 | Overview By Leading Players - include Sensus, Schneider Electric SA, Silver Spring Network, General Electric, Landis + Gyr, Itron, Eaton Corporation and Echelon Corporation
Network modernization initiatives, the impetus for energy conservation and the implementation of regulatory mandates are some of the factors that should have a positive impact on the Advanced Measurement Infrastructure (AMI) market. AMI is the integration of hardware, software and technologies for intelligent connection between consumers. The use of AMI offers several benefits to utilities and end consumers, including customer service, system operation and financial benefits.
Advanced Metering Infrastructure Market Size and Growth Rate:
Advanced Metering Infrastructure Market was going to reach USD 10.09 Billion by 2023 and expected to grow at a CAGR of 16.3% during the forecast period 2017 to 2023.
Browse details of 110 number of pages research report developed on "Advanced Metering Infrastructure Market" @ https://www.researchcosmos.com/reports/advanced-metering-infrastructure-market-dynamics-and-industry-insights-to-2023/5473046
Advanced Metering Infrastructure Market Growth Drivers and Restraints:
The most important factors are the need to modernize the network and the positive steps taken by utilities around the world to replace conventional electronic meters with improved smart meters that can provide better metering and better data collection, supporting the growth of the global market for advanced measurement infrastructures. In addition, the launch of dynamic pricing systems and demand response programs are seen as motivating factors for the use of smart meters. Demand response programs are seen as facilitators of growth in the AMI market.
Inadequate financial incentives for utilities and the need to improve the level of customer service can hinder the advanced growth of the measurement infrastructure market.
Under the impetus of resource-saving legislative and environmental policies, utilities must implement aggressive pricing programs and demand responses to change or reduce energy consumption outside peak periods. The market is expected to witness strong support from different AMI systems like smart meters, communication infrastructure, local area networks (HANS), MDMS, and support systems (home display units).
Geographical Analysis of Advanced Metering Infrastructure Market:
Governments around the world are encouraging utilities to deploy smart meters in end-user infrastructure. In addition, favorable regulatory conditions in North America and parts of Asia-Pacific are expected to contribute to the upcoming introduction of smart meters. Currently, North America and Europe dominate the global AMI market. Demand in these regions is mainly driven by government support in the form of research and development of smart grid technology. The Asia-Pacific region is expected to stimulate the growth of the AMI market in the near future due to population growth and the acceptance of these modern systems by utilities.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/advanced-metering-infrastructure-market-dynamics-and-industry-insights-to-2023/5473046
Key Market Players of Advanced Metering Infrastructure Market:
Some of the leading market players of Advanced Metering Infrastructure Market are Sensus, Schneider Electric SA, Silver Spring Network, General Electric, Landis + Gyr, Itron, Eaton Corporation and Echelon Corporation.
Advanced Metering Infrastructure Market Key Segmentation:
By Type:
• Smart Meter
• Communications Infrastructure
• Meter Data Management Systems (MDMS)
By End User / Application:
• Residential Application
• I&C Application
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/advanced-metering-infrastructure-market-dynamics-and-industry-insights-to-2023/5473046
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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