Global Advanced Metering Infrastructure Market Expected to Reach USD 9.1 billion by 2023

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Global Advanced Metering Infrastructure Market View:

The need to modernize the network and the positive measures were taken by utilities around the world to replace conventional electronic meters with improved smart meters capable of providing the better reading and data collection are the most important factors facilitating growth in the global advanced metering infrastructure (AMI) market. In addition, the launch of dynamic pricing systems and demand response programs is considered a motivating factor for the use of smart meters. Demand response programs are seen as catalysts for growth in the global AMI market. AMI is the integration of hardware, software and technologies that allow intelligent connection between consumers. By participating in the demand response programs, consumers will benefit from the reduction of electricity bills, while public services will be able to avoid investments in new and expensive buildings and benefit from a stable load in the distribution network. Through bidirectional communication between the meter and the meter data management, utilities will be able to remotely manage the measurement assets and collect energy consumption information in real time.

The report on “Global Advanced Metering Infrastructure Market ” helps you to understand the market size, share, growth, trends, major companies performance data and market opportunities.

Global Advanced Metering Infrastructure Market Size:

According to our report, the size of Global Advanced Metering Infrastructure Market size predicted to grow USD 9.1 billion by the end of 2023 witnessing 14.5% during the forecast period.

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Global Advanced Metering Infrastructure Market – Drivers and restraints:

The growth of the global advanced Infrastructure Measurement (AMI) market has been accelerated by the growing need to improve the level of customer service and the efficiency of public services. In addition, AMI improves customer participation activities through bidirectional communication, better identification of non-technical losses and reduction of operating costs, carbon savings, government regulations and legislative mandates, which to a large extent should fuel market growth. On the other hand, inadequate financial incentives for public services are holding back the growth of the market. However, the integration of AMI with smart devices should offer growth opportunities for the market in the coming years.

Global Advanced Metering Infrastructure Market – Geographical segmentation:

It is expected that North America has most of the market and dominates the AMI market as the growing demand for energy has forced utility companies to improve their electricity network and distribution network. The financial strength of companies in this region also allows them to invest heavily in advanced tools and technologies for efficient energy consumption. Latin America offers potential opportunities for growth through the development of large-scale infrastructure.

Some of the companies playing a crucial role in the Global Advanced Metering Infrastructure Market are:

The main suppliers involved in this AMI market study include Cisco Systems, Inc. (California, USA), IBM Corporation (New York, USA), General Electric (Connecticut, USA) and Schneider Electric SE (Rueil-Malmaison, France), Itron, Inc. (Washington, USA), Aclara Technologies LLC (Missouri, USA), Elster Group GmbH (Essen, Germany), Sensus (Raleigh, USA), Tieto Corporation (Helsinki, Finland) and Trilliant, Inc. (California, USA).

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Key Takeaways from this Report:

• For different product types, end-use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.

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