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Advanced Automated Meter Reading is Key to Profitability for Utilities in North America - Frost & Sullivan finds that the North American Automated Meter Reading Market earned revenues of $1097.1 million in 2005 and estimates this to reach $2.01 billion in 2012.
Advanced Automated Meter Reading is Key to Profitability for Utilities in North America

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2006/03/06 - Frost & Sullivan finds that the North American Automated Meter Reading Market earned revenues of $1097.1 million in 2005 and estimates this to reach $2.01 billion in 2012..

   
 
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The cash-strapped utilities are experiencing increasing pressures to increase profitability and reduce costs. A sound solution to such utility problems has come in the form of ‘Automated Meter Reading (AMR)’ systems. The AMR systems are designed to dramatically reduce operational costs and also meet the new regulations that make demand response and outage management features necessary. The utilities expect to save at least as much as the cost of the whole AMR system over the lifetime of the system.

Frost & Sullivan (power.frost.com) finds that the North American Automated Meter Reading Market earned revenues of $1097.1 million in 2005 and estimates this to reach $2.01 billion in 2012.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the North American Automated Meter Reading Market then send an e-mail to Trisha Bradley, Corporate Communications at trisha.bradley[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. The brochure will be e-mailed to you upon receipt of this information.

“The AMR market is moving up the priority list of the utilities because of the inherent cost benefits offered by the system. The regulatory scenario is expected to keep the AMR at the top of the priority list for at least 3 to 4 more years. What with AMR benefits so high, which utility would not like to have such a system,” says Frost & Sullivan Research Analyst J. Subramanian.

The significantly higher cost of the equipment, installation and the maintenance of Advanced Metering AMR, over traditional AMR prove to be the biggest challenge today. Advanced Metering AMR incorporates increased sophistication and improvements in reliability and accuracy, resulting in lower overall operational cost over the lifetime of the equipment. Utilities, however, are wary of investing in such a system without a strong business case.

“Utilities are carefully analyzing the business case for advanced AMR, which more often than not has proven very difficult, as many benefits of Advanced AMR are intangible,” notes Subramanian.

The newer advanced AMR systems expect to have significantly lower operating costs and improved reliability along with better accuracy. This has made decision-making a little easier for the utilities.

North American Automated Meter Reading Market is part of the Power Generation Subscription, which also includes research in the following market: North American Generator Set Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Advanced Automated Meter Reading is Key to Profitability for Utilities in North America

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Publisher Contact: Trisha Bradley 
210.247.3870 trisha.bradley[.]frost.com
 
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