Advanced Metering Infrastructure Market Trends and Forecasts to 2020: Grand View Research, Inc

The AMI market is expected to witness rapid growth with increase in global energy demand over the forecast period. Grid modernization initiatives, regulatory mandates and need for energy conservation have been growing rapidly. Governments across the globe are encouraging utilities to deploy smart meters across various industry verticals. AMI offers several benefits to consumers and utilities, which include financial benefits, system operation and customer services. Reducing energy peak demands and increasing emphasis on improving energy efficiency by encouraging participation in demand response programs is expected to drive AMI market growth. In addition, efficient incorporation of renewable energy, carbon saving and AMI for water utilities may offer huge opportunities for potential market growth. However, inadequate financial incentives for utilities, safety concerns and health issues are some factors that may curb the AMI market.