"AMI is an important step towards achieving the EU 20-20-20 goal which states that by 2020, 80 per cent of households must have smart meters and complete rollout achieved by 2022," elaborated Vikash. "Government mandates will, therefore, be a key driver for AMI deployment."
In addition to legislation, the lack of communication standards and security issues also play a major role in determining market prospects. In fact, data security is an issue among all member states, but it is of higher importance in the UK, Germany and the Netherlands. This has resulted in a delay in smart meter roll out plans by utilities.
"Standardisation is likely to affect future smart meter sales, development and innovation," concluded Vikash. "Meters complying with security requirements as per the standardisation mandate as well as satisfying regional legislative security requirements are likely to encourage customers to adopt smart meters."
If you are interested in more information on this research, please send an email to Chiara Carella, Corporate Communications, at firstname.lastname@example.org.European Advanced Metering Infrastructure (AMI) Market is part of the Energy & Power Growth Partnership Service programme. Frost & Sullivan's related research services include: European Nuclear Power Sector, European Wind Energy Markets, Global Prospects for Coal-Fired Power Generation, and European Solar Power Markets. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants. About Frost & Sullivan Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion Contact: Chiara CarellaCorporate Communications – EuropeP: +44 (0) 20 7343 8314M: +44 (0) 753 3017689E: email@example.com