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 (AMI) 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. 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. Through bi-directional communication between the meter and
meter data management, the electrical distribution utilities will be
able to remotely manage metering assets and collect information on
energy usage in a real-time.
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. 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. An AMI typically includes smart
meters, communication networks, communicating thermosets and other
sensors, and meter data management systems (MDMS), and platforms for
integrating of data into existing and new software.
The
overall market for AMI can be segmented into devices and geographies.
On the basis of AMI devices, the market can be segmented into smart
meters, communication infrastructure, home area networks (HANS),
MDMS, and support systems (in-home display units). An increased
emphasis on improving energy efficiency and reducing energy peak
demands by encouraging participation in demand response programs are
the key drivers of growth in the global AMI market. Installation of
smart meters as part of advanced metering infrastructure will enable
electric distribution utilities to reduce their operational cost as
well as improved identification of energy theft, and outage
notification. AMI systems help in meter reading accuracy and reducing
theft of utilities resulting in an overall financial benefit to the
consumer as well as a service provider. Lack of inter-operability
standards in most of the countries of the world may hamper growth in
the AMI market. The total capital cost of AMI includes costs of
hardware, software, MDMS, IT integration, and installation. The
declining cost of AMI hardware is likely to impact positively to the
growth in the global AMI market.
Governments
across the globe are encouraging utilities to deploy smart meters at
end consumer infrastructure. Moreover, favorable regulatory
conditions in North American countries and some part of Asia Pacific
are likely to aid rollouts of smart meters in the near future.
Presently, North America and Europe dominate the global AMI market.
The demand in these regions is majorly driven by governmental support
in the form of research and developmental activities of smart grid
technology. Asia Pacific is expected to drive the growth of AMI
market in the near future on account of the growing population and
acceptance of these modern systems by utility companies.
Additionally, growing awareness of consumers regarding wastage and
consequently carbon footprints is expected to propel growth in the
AMI market.
Some
of the key players in the global AMI market include: Sensus,
Schneider Electric SA, Silver Spring Network, General Electric,
Landis+Gyr, Itron, Eaton Corporation and Echelon Corporation.
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