Cisco and General Electric are the Leading Players in the Advanced Metering Infrastructure Market
With the increasing demand for smart gas and water meters, the Advanced Meter Infrastructure (AMI) market is growing rapidly. Stringent government policies and legislative mandates are the major factors adding to the growth of the AMI market. However, factors such as cybersecurity and data integration issues are expected to limit the market growth, but these factors is likely to be impactful only for a short period of time.
Technological giants such as Cisco Systems, Inc. (California, U.S.), IBM Corporation (New York, U.S.), General Electric (Connecticut, U.S.), Schneider Electric SE (Rueil-Malmaison, France), Itron, Inc. (Washington, U.S.), Aclara Technologies LLC (Missouri, U.S.), Elster Group GmbH (Essen, Germany), Sensus (Raleigh, U.S.), Tieto Corporation (Helsinki, Finland), and Trilliant, Inc. (California, U.S.) have created leading AMI solutions and devices to cater to the needs and demands of the market. These players have adopted various growth strategies with partnerships, agreements, and joint ventures followed by new product launches being the key strategies. Partnerships, agreements, and joint ventures have been a major strategical trend, accounting for almost half of the market share of all the growth strategies adopted by the major market players.
Cisco and General Electric are the two key players, who have adopted these strategies to grow in the market. Cisco has followed organic growth strategies, such as rapid business expansions to expand to new markets and regions. Some of the new developments of Cisco include business expansions in Amazonas, Alagoas, Acre, Piaui, Rondonia, and Roraima. The company offers communications infrastructure, such as smart meters to the smart metering program of Eletrobras, which is named as “Energy+” in Brazil.
General Electric is also one of the leading players whose main strategic move has been based on strengthening its market standing and product portfolios in the rapidly growing areas of the market. In 2015, the company completed the acquisition of Alstom’s power and grid business for USD 13.6 billion, which has helped it expand and also complement the sales of power conversion offerings, such as motors; generators; automation and control equipment; and drives. It has witnessed several growth opportunities in the North American electrical distribution market due to smart grid installation and upgrades. Moreover, the company foresees outstanding growth opportunities in its power conversion and digital energy businesses.
Key players are engaging in collaborations and partnerships to provide innovative offerings and increase their profitability. Some of the companies that have engaged in partnerships and collaborations in the AMI market are Cisco Systems, Inc., IBM Corporation, General Electric, Schneider Electric SE, Itron, Inc., Aclara Technologies LLC, Elster Group GmbH, Sensus, Tieto Corporation, and Trilliant, Inc.
Related Reports:
Advanced Metering Infrastructure Market by Device (Smart Electric, Water, & Gas Meters), by Solution (MDM, Meter Data Analytics, AMI Security, and Meter Communication Infrastructure), by Service, and by Regions - Global Forecast to 2020
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