FORT WORTH, Texas, July 25, 2014 /PRNewswire/ --
The Advanced Metering Infrastructure (AMI) market is estimated to grow from $15.89 billion from 2013 to $28.45 billion by 2018, at a CAGR of 12.40%, for the given period.
The adoption of the advanced metering infrastructure systems helps to modify the electric and distribution network and to satisfy the rising demand for energy. It is estimated that the global gas usage will rise up to 4% in coming years. Renewable fuel sources and electricity are facilitated by AMI systems. Some of the key players in the advanced metering infrastructure market are Itron, Inc., Sensus, Silver Spring Networks, and Elster.
Browse detailed TOC of the Global Advanced Metering Infrastructure Market report to get an overview of the report.
The advanced metering infrastructure market in North America is growing rapidly due to government initiatives. This initiative entails the deployment of advanced metering infrastructure for which the American Recovery and Reinvestment Act (ARRA) 2009 has granted $4 billion.
In future, non-privately owned utilities will provide funds for the deployment of advanced metering infrastructure in North America. The governing bodies in North America are making aggressive plans for the smart grid investments. For this, the advanced metering infrastructure market is on the verge of starting mass installations.
The North American AMI market is estimated to grow $5.16 billion from 2013 to $8.99 billion by 2018, at a CAGR of 11.8%, for the given period. The compound annual growth rate indicates that the North American AMI market is one of the emerging markets. Some of the key players in the North American AMI Market are Itron, Sensus, Silver Spring Network, and Elster.
The Latin American AMI market is enhancing itself by offering water AMI systems.
"Time-to-use" rates have been adopted by the water providers in Latin America for shifting of the outdoor watering to cooler periods in day during the high evaporation periods. This helps the water utilities to keep a track of the consumption of water and control the water delivery. This is a part to increase the impact of the conservation programs.
There is a cost effective carbon saving and considerable energy saving for the users when the SMEs provide extensive rollouts of AMI enabled meters. The businesses need to recognize the carbon savings which can only be done by AMI systems which provides comprehensive energy handling information.
The Latin American AMI Market is estimated to grow $0.14 billion from 2013 to $0.32 billion by 2018, at a CAGR of 17.4%, for the given period. The compound annual growth rate indicates that the Latin American AMI market is one of the growing markets. Some of the key players in the Latin American AMI market are Itron, Sensus, Silver Spring Network, and Elster.
The AMI market in Europe is growing due to the constant check on the energy and resources consumption by the AMI enabled meters. As a result, the region is reducing the use of non renewable energy resources such as coal.
The goal set by the European Union's Third Energy Directive which is also known has "Europe 20-20-20 goal" is 80% of the households must have the smart meters by 2020. The various countries in this region such as U.K have requisitioned smarter meter rollouts. To take the growing advantage of this market the AMI troupes are working towards standardizations.
The Europe Advanced Metering Infrastructure Market is estimated to grow $5.19 billion from 2013 to $10.20 billion by 2018, at a CAGR of 14.50% for the given period. The compound annual growth rate indicates that the European AMI Market is one of the growing markets. Some of the key players in the European AMI market are Itron, Sensus, Silver Spring Network, and Elster.
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SOURCE MicroMarket Monitor