AMI Metering Market : Trends and Opportunities.

 AMI (advanced metering infrastructure) is an integrated system of smart meters, communications networks, and data management systems that allows utilities and customers to communicate in two directions. Customer service, system operations, and financial gains are just a few of the advantages that AMI provides to utilities and end users.

The AMI's customer service benefits include early detection of meter failures, increased billing accuracy, and time-based tariff alternatives for consumers, speedier service restoration, and user engagement in demand response programs.

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COVID-19 Impact analysis:

§  The epidemic of COVID-19 has lowered business profitability across the board. Although the power sector has not been as badly affected as other industries, industrial and commercial clients are using significantly less electricity.

§  Furthermore, the power sector has seen a global trend of declining demand and price reductions. Various locations, including many European countries, have been severely impacted, with electricity costs reaching all-time lows in the first quarter of FY2020.

§   Furthermore, many industries are only focused on critical tasks due to the severity of the COVID-19 outbreak. Electric component installations have been put on hold because of this.

§  Due to the global shutdown, smart grid hardware manufacturers are experiencing significant challenges with order closures. For example, in the U.S., Con Edison has paused all meter readings and smart meter installations.

§  Traditional AMI use cases enabled social distancing long before it was required, allowing personnel to read meters and disconnect/reconnect without having to be in close contact to clients.

§  Physical separation, on the other hand, has had an impact on employee-to-customer and employee-to-employee relations. The AMI platform has made it possible for improvements to be made there as well.

§  Paper orders are no longer passed from person to person, and an AMI platform can enable remote work via the cloud in more advanced scenarios.

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Top Impacting Factors:

ü  The most important factors facilitating growth in the global advanced metering infrastructure (AMI) market are the need for grid modernization and positive steps taken by utilities around the world to replace traditional electronic meters with improved smart meters capable of providing better meter reading and data collection.

ü  The introduction of dynamic pricing systems and demand response programs are seen as motivating elements for smart meter adoption. In the worldwide AMI market, demand response initiatives are seen as growth enablers.

ü   AMI is the combination of hardware, software, and technology that allows consumers to communicate intelligently with one another. Consumers will profit from decreased power costs because of participation in demand response programs, while electric distribution utilities will be able to avoid costly new capacity building expenditures and will benefit from a steady load on the utility grid.

ü  Electrical distribution companies will be able to remotely control metering assets and gather real-time data on energy usage owing to bi-directional communication between the meter and meter data management.

Market Trends:

• Customer service, system operations, and financial gains are just a few of the advantages that AMI provides to utilities and end users. The AMI's customer service benefits include early detection of meter failures, increased billing accuracy, and time-based tariff alternatives for consumers, speedier service restoration, and user engagement in demand response programs.
• Due to its two-way communication feature, which enables real-time monitoring of utility usage by both utility supplier and consumer, smart meters are increasingly being adopted for multiple deployments, such as gas, electricity, and water.
• It also encourages the supplier to start/read/cut off supply remotely. Smart metering also allows for the installation of a Home Energy Management System (HEMS) or a Building Energy Management System (BEMS), which allows for the viewing of electric power usage in individual homes or entire buildings.
• The ability to retrieve outage notices and ping both meters and network equipment helps utilities to locate issues more precisely, guide maintenance operations, and confirm service restoration while limiting human contact with customers.
•  Automation can also be used across the entire AMO solution stack. Automation in AMI can assist people and organizations transition away from maintaining monotonous order queues and toward uncovering root causes and addressing complicated problems for those who were previously buried beneath the weight of trouble tickets.

Key Benefits of the Report:

• This study presents the analytical depiction of the advanced metering infrastructure metering market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the advanced metering infrastructure metering market share.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the advanced metering infrastructure metering market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed advanced metering infrastructure metering market analysis based on competitive intensity and how the competition will take shape in coming years.

 

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