A new study from MicroMarket Monitor estimates that the advanced metering infrastructure (AMI) market will grow to $28.45 billion by 2018, a compound annual growth rate of 12.40 percent from the $15.89 billion market value in 2013 for the given period.
North America’s AMI market in is growing rapidly thanks to government initiatives such as the American Recovery and Reinvestment Act (ARRA) 2009, which has funded $4 billion for deployment of AMI infrastructure. Going forward, non-privately owned utilities will step up to provide funds for advanced metering infrastructure in North America.
According to MicroMarket Monitor, in the Latin American AMI market, water utilities have adopted time-to-use rates “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. There is a cost effective carbon saving and considerable energy saving for the users when the small and medium enterprises (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 AMI market in Latin America is estimated to grow at a CAGR of 17.4 percent between 2013 and 2018.
In Europe, AMI enabled meters have allowed the region to reduce the use of non-renewable energy resources such as coal. The European Union’s goal is to equip 80 percent of the households must have the smart meters by 2020. Europe’s AMI market is expected to grow to $10.20 billion by 2018. The reports singled out Itron, Sensus, Silver Spring Networks, and Elster as key players in Europe’s AMI market.