London, 29 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the Global AMI Market 2015-2019, which is estimated to grow at a CAGR of 9% during the period of 2014-2019.
Market growth could be attributed to advances in technology along with increased support from regulatory authorities in different countries. Tampering with meters through unlawful ways by residential, industrial, and commercial consumers has increased significantly. Therefore, power utilities need to install smart energy meters, which is boosting the market growth.
“Metering companies are moving toward providing advanced technological solutions to utilities, which makes the AMI more efficient and robust,” says Faisal Ghaus, Vice President of Technavio.
“Currently, most utilities have installed basic meters that transmit energy usage information via two-way communication systems. Vendors have started manufacturing advanced meters, which can be run remotely by consumers and possess high levels of efficiency.”
Key Market Drivers
- Reduction in Electricity Theft
- Expansion of Operational Control
- Need for High Billing Accuracy
Key Market Trends
- Increased Support from Regulatory Authorities
- Technological Advances
- End-to-end Solutions for Better Energy Management
Key Market Vendors
- Eaton Corp.
- GE Digital Energy
- Itron Inc.
- Landis+Gyr AG
- Schneider Electric SA
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
