The U.S. advanced metering infrastructure (AMI) market will grow from $2.54 billion in 2010 to $5.82 billion in 2015, representing an 18 % compound annual growth rate (CAGR), according to Zpryme’s latest Smart Grid Insights report . Smart meter revenues, including electric, gas, and water, are projected to grow from $1.2 billion in 2010 to $2.3 billion in 2015. The market research firm projects that Silver Spring Networks, Itron, and eMeter will be key leaders in the U.S. market over the next five years. Zpryme says AMI is a fundamental first milestone in the development and deployment of the smart grid. Case in point: nearly 24 %, or $818 million, of the $3.4 billion in the U.S. Smart Grid stimulus funds were awarded to 31 AMI projects in 2009.
The report, sponsored by Tantalus Systems, indicates that this focus on smart meters creates opportunities 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, Silver Spring Networks, Cisco, and IBM are all trying to capture market share in these emerging markets, according to the report.
