There have been significant advancements in smart grid optimization, with the integration of AMI technologies into existing system. Grid modernization initiatives, urge for energy conservation and implementation of regulatory mandates are some of the factors expected to favorably impact the market. AMI enterprise services handle task areas that include text messaging, external profile calculation, disconnection/reconnection, meter reading processes and technical master data exchange. It also improves customer engagement activities through two-way communication along with improved non-technical loss identification and reduced operational costs. Leveraging two-way radio frequency (RF) networks with high-quality services is expected to encourage green technologies over the forecast period.
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Inadequate financial incentives for utilities and need for improvement in customer service level may hamper advanced metering infrastructure market growth. However, recent advances in the utility industry are expected to enable a potentially vast range of collection systems and water utilities. Driven by legislative as well as environmental policies to conserve resources, utilities are expected to launch dynamic pricing programs and demand response to shift or reduce energy consumption to non-peak periods.
The advanced metering infrastructure market by product can be bifurcated into communication modules and two-way smart meters. Smart meters is expected to be the dominant segment. This can be attributed to low installation costs, lower transportation costs, short meter life span and use of power line communications. On the basis of solutions, the market is categorized into, Meter Communication Infrastructure (MCI), analytics, MDM and advanced metering infrastructure security. Major market vendors are focused on providing end-to-end integrated services to utilities from network or hardware endpoint to program management, system integration and Meter Data Management (MDM) services. Initial resistance in the adoption of smart meter technology is expected in the European region. The Asia Pacific advanced metering infrastructure market is expected to generate cumulative demand over the forecast period. This can be attributed to shift towards smart grids architecture, energy management, technology upgrades, choice of customers and regulatory mandates. Major industry participants include Silver Spring Networks, Sensus, Schneider Electric SA, Landis+Gyr AG, Itron, IBM, General Electric, Elster Group SE, Echelon Corporation and Eaton Corporation.
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