
Report ID: UCMIG55A2024
Report ID:
UCMIG55A2024 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global advanced metering infrastructure (AMI) market is projected to experience substantial growth in the foreseeable future. The integration of AMI technologies into existing systems has led to significant advancements in smart grid optimization. Grid modernization initiatives, the growing need for energy conservation, and the implementation of regulatory mandates are among the factors that are expected to positively impact the market. AMI enterprise services encompass various tasks such as text messaging, external profile calculation, meter reading processes, disconnection/reconnection, and technical master data exchange. Furthermore, AMI facilitates improved customer engagement through two-way communication, enhances non-technical loss identification, and reduces operational costs. The use of high-quality services leveraging two-way radio frequency (RF) networks is anticipated to encourage the adoption of green technologies in the coming years.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electric Utilities by segment aggregation, the contribution of the Electric Utilities in Diversified Utilities Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG55A2024