NEW YORK, Jan. 29, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
AbstractThe European AMI market is more developed than other parts of the world, leading from a technology standpoint and creating several advantages over other countries like the United States and China. European innovation in the Advanced Metering Infrastructure market has been primarily spurred by the focus of EU directives, combined with geographically clustered cities and achieving interoperation across the smart grid. These conditions have made Europe the leader for AMI, and given AMI's importance for the smart grid's future, this market is a key barometer for what we can expect going forward. This Premium SGI report provides the most comprehensive and current set of forecasts anywhere for the AMI opportunity in each EU country through until 2020. Today, Europe accounts for 35% of the global AMI market, and is projected to reach $9.2 billion by 2020. By 2020, Europe's installed base of smart meters will be just under 230 million. Europe's annual growth rate for AMI will be just under the global AMI annual growth rate of 10.4%. Combined, Germany and the U.K. are projected to account for 27% of the European AMI market by 2020. The AMI segments projected to grow the fastest are IT Hardware, Systems, and Applications, and Communication Systems/Networks. However, Meter Data Management Systems will also see a large uptake by European utilities during this time period as well. Zpryme has refined its forecasting models over dozens of reports to produce granular projections based on expected demand and our first-hand knowledge of local market conditions. Complementing these metrics, our report includes profiles of both established and emerging AMI vendors, assessments of AMI deployment plans for 10 leading EU utilities, and smart grid briefs on the top 10 EU countries.