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Global AMI market witnessing high growth in Asia-Pacific region

Press Release   •   Jun 13, 2013 10:03 BST

The Asia-Pacific region is expected to see healthy growth in the global AMI market (advanced metering infrastructure) over the coming years, while Europe is suggested to retain its position as market leader. In total, the industry is suggested to have hit $15.89 billion in 2013 and is expected to continue its growth pattern up to 2018, reaching $28.45 billion in that year. CAGR growth between 2013 and 2018 is expected to reach 12.4%.

AMI is one of the primary steps for grid optimization. The need to understand the needs of the customer and fulfil them in an effective manner has led to the implementation of AMI in a number of businesses around the globe. The involvement of both consumer and utility companies is also a key factor in making AMI a viable tool for companies. AMI systems are able to not only reduce costs but also provide benefits at the customer and operational level. Benefits include the ability to easily detect theft intrusion, personalized tariff plans, and easy bill options. Despite the growth of AMI technologies, there are still a number of challenges to the system, including standardization, regulatory control and technological barriers.

A number of AMI vendors, such as Itron and Landis+Gyr focus on providing end-to-end integrated services to utilities, such as hardware, network endpoints and MDM. Despite the fact that AMI implementation costs are dominated by hardware endpoints and system integration, the industry is expected to continue growing.

Over the forecast period of 2013 to 2018, the North America region is expected to witness falling demand for smart meter shipment, while a surge is forecast for AMI professional and IT related services such as system integration and meter data analytics. The AMI market varies widely in different regions due to different stages in the life-cycle. In terms of regional size, Europe is expected to continue as the largest region, while Asia-Pacific will be a close second.

One of the key drivers in the AMI market up to 2018 is expected to be the need for initiatives on energy conservation and grid modernization. Automated Meter Reading (AMR) is being taken one step further with AMI, by improving customer engagement activities through two-way communications.

For more information on the global AMI market, see the latest research: Global AMI Market

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