AMI Electric Meter Market Trends

AMI Electric Meter Market Trends

Favourable government-led plans along with growing electricity demand across developing regions have marked considerable potential for the smart metering industry. The regulatory shift toward the development of smart grid infrastructure in line with the flourishing renewable industry across regions will positively drive the business landscape. Although the lack of effective grid infrastructure along with poor fund flow has been curbing growth potential, increasing number of local meter manufacturers along with government rollout mandates have rationalized the industry dynamics.
 

The continuous expansion and increasing share of renewables across centralized & decentralized grid infrastructure require an effective approach toward grid management. The existing grid systems across major nations already incorporate certain elements of smart functionality but are being merely utilized to balance supply & demand. These networks incorporate information and communication technology across every facet of electricity generation, consumption, and delivery. This will result in minimizing environmental impacts, & costs by improving efficiency.