Techno World Advanced-Metering-Infrastructure-Market

Study of Advanced Metering Infrastructure Market Current And Future
Industry Development Trends With Segmentation Forecast To 2026
Advanced Metering Infrastructure Market research provides
industry analysis by type, manufacturer, application along with key
factors influencing the growth of the market which include growth
drivers, restraints, opportunities and challenges, strategically
profile key players and comprehensively analyze their market share
and core competencies.
Advanced Metering Infrastructure (AMI) is one of the Smart Grid tools that allows two-way
communication between services provider and customers. This system obtains data with help of
smart meter installed in various sectors such as residential, commercial business, and industries.
These system help with cost controlling and minimizing the wastage of energy. This factor is
expected to positively impact the growth advanced infrastructure metering market.
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Increasing demand for energy is one of the major factor driving growth of the market
Increasing trend of digitalization is responsible for increasing the demand of energy
consumption. According to the Energy Information Administration's (EIA), world energy
consumption is estimated to grow by 28% between 2015 and 2040. Growing population and
economic development are factors responsible for increasing demand of the energy. Moreover,
increasing adoption of smart home technology in turn increases the utilization of smart devices,
which are based on IOT. Hence, consumption of energy, which positively increase with
digitization is expected to propel growth of the market.