Utility AMI Analytics Market to Hit $9.7 Billion by 2020, According to New GTM Research Report
(GlobeNewswire Via Acquire Media NewsEdge) BOSTON, June 13, 2013 (GLOBE NEWSWIRE) -- What does the future hold for the smart grid's advanced metering infrastructure (AMI) market? Given flattening smart meter shipments across mature markets globally, AMI vendors are now seeking new revenue streams, and the data analytics space is emerging as an attractive opportunity with its scalable, recurring revenue-based model.
According to the latest report by GTM Research, Utility AMI Analytics for the Smart Grid 2013-2020: Applications, Markets and Strategies, aggregate expenditure on AMI analytics is expected to total $9.7 billion by 2020. As the market develops, opportunities will increase for vendors that are able to offer turnkey analytics solutions without the need for customized integration.FIGURE: AMI VENDOR TAXONOMY(http://www.greentechmedia.com/content/images/reports/AMI_Vendor_Tax_graphic2.png)
Furthermore, a clearer picture is developing of how exactly this new data can best be applied. The report examines the six highest value applications that leverage AMI and software analytics to provide value beyond the meter-to-cash-process as determined through numerous in-depth utility and vendor interviews.
The report also discusses market drivers leading to the adoption of software analytics in several geographies, as well as providing in-depth market forecasting, competitive vendor and utility landscapes, vendor and AMI maturity rankings, and 26 comprehensive vendor profiles. AMI applications covered in the report include:
Asset Benchmarking and Optimization
Load Planning and Demand Response
Customer SegmentationFIGURE: U.S. AMI PROJECTS INTEGRATION WITH SELECTED UTILITY SYSTEMS(http://www.greentechmedia.com/content/images/reports/AMI_Analytics_Fig._4-3.png)"Critical utility business decisions, both from an operational and customer perspective are being driven by increased access and utilization of data. For many utilities, AMI is the first of many new sources of information that will be leveraged to decrease operational and capital spending as well as recover lost revenue," said Zach Pollock, report author and Smart Grid Analyst at GTM Research. "However, AMI data alone rarely provides actionable intelligence. It is only through additional context and analysis that maximum value can be obtained, and software-based analytics is clearly the key to unlocking this value."
In the interim, the majority of benefits from AMI will be realized through the expanding capabilities of meter data management systems as well as through functionality tied to specific AMI vendors at or above the head-end. However, it is important to note that several progressive utilities have begun to adopt true enterprise solutions which incorporate AMI data in conjunction with myriad other data sources. Ultimately, it is these comprehensive solutions that will extract the most value from the plethora of new sensors and monitoring devices, including smart meters that utilities will adopt through subsequent grid modernization initiatives.
For more information on the Utility AMI Analytics for the Smart Grid 2013-2020: Applications, Markets and Strategies report, please visit http://www.greentechmedia.com/research/report/utility-ami-analytics-for-the-smart-grid-2013-2020About GTM Research:
GTM Research, a division of Greentech Media, provides critical and timely market analysis in the form of research reports, data services, advisory services and strategic consulting. GTM Research's analysis also underpins Greentech Media's webinars and live events. Our coverage spans the green energy industry including solar power, smart grid, energy storage, energy efficiency and wind power sectors.
CONTACT: Charlene Fowler
Research Marketing Coordinator | GTM Research
Source: Greentech Media
2013 GlobeNewswire, Inc.
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