As the U.S. market for advanced metering infrastructure (AMI) approaches $2.54 billion in 2010, the core focus of AMI will be smart electric, water, and gas meters. Leading this high-growth Smart Grid space for the next five years in the U.S. will be companies such as Silver Spring Networks, Itron (Nasdaq: ITRI), and eMeter, according to a Zpryme report.
Advanced Metering Infrastructure (AMI) is a crucial and fundamental first milestone in the development and deployment of the Smart Grid. In fact, 23.9% ($818 million) of the $3.4 billion in U.S. Smart Grid stimulus funds awarded in 2009 were for 31 AMI projects.
Zpryme forecasts that the U.S. AMI market will grow from $2.54 billion in 2010 to $5.82 billion in 2015, representing an 18.0% CAGR during this time period. Collective smart meter revenues (electric, gas, and water) are projected to grow from $1.2 billion to $2.3 billion during this time period.
This focus on smart meters creates an emerging opportunity for AMI communication systems, Meter Data Management Systems (MDMS), customer data management, and AMI program management.
Currently, companies such as GridPoint, eMeter, Tantalus, Itron, Google (Nasdaq: GOOG), Silver Spring Networks, Cisco (Nasdaq: CSCO), and IBM (NYSE: IBM) are collectively trying to capture these AMI market opportunities, however the AMI growth trajectory reveals that major service and technology gaps still need to be filled for the AMI market of future as the U.S. market is projected to reach $5.82 billion in 2015.
The Smart Grid Insights report–sponsored by Tantalus Systems Corp.–is available for free at the link below. It defines and illustrates the future trajectory of AMI; assesses the AMI marketplace from 2010 to 2015; and recommends an early-stage strategy to enter the Smart Grid and AMI marketplace.
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