Meter Data Management System - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Meter Data Management System Market is accounted for $200.27 million in 2019 and is expected to reach $778.67 million by 2027 growing at a CAGR of 18.5% during the forecast period. Some of the key factors propelling the market growth include growing government policies and legislative mandates for smart meters, need for grid reliability, increasing number of connected elements of the power grid to the internet, and need for accurate utility bill generation. However, lack of standards and interoperability is likely to hamper the market.
Meter data management is a system that performs long-term data storage and management for huge quantities of data delivered by smart metering systems. It gathers, processes, and stores all types of data to help utilities deal with increasing data volumes and succeed in a dynamic and competitive industry. Meter data management also performs a real time monitoring with the capabilities of data validation, estimation, retail billing support, and billing-determinant computations for customer settlements.
By end user, the residential segment is expected to be the significant growing market with smart meter implementations being mandated across global regions in the residential sector. Furthermore, residential consumers will have access to their energy consumption data through meter data management system that will in turn help them in improving their energy consumption. In addition to this, grid upgrade, energy efficiency targets, and transmission and distribution investment in North America and Europe is further contributing to the growth of the residential segment.
On the basis of geography, North America is estimated to have considerable market growth during the forecast period, owing to the smart meter installation development and growth in countries such the US, Canada and Mexico. There is a huge requirement for power and infrastructural development due to aging grid network in the region. The US and Mexico are also investing in infrastructure and power generation projects to tackle growing population demands. The growth of the meter data management system market in this region is also driven by smart meter rollouts and need to stabilize the grid and generate accurate utility billing.
Some of the key players in Meter Data Management System Market include Honeywell International, Inc., Itron Inc., Kamstrup A/S, Landis+Gyr Group AG, Sensus (Xylem), ABB Ltd., Aclara Technologies LLC, Schneider Electric SE, Siemens AG, Diehl Metering GmbH, Eaton Corporation, Powel, Elster Group GmbH, Arad Group, Trilliant Holdings Inc., Oracle Corporation, and Sagemcom.
Utility Types Covered:
• Gas
• Electricity
• Water
Components Covered:
• Software
• Hardware
• Services
Deployment Types Covered:
• On-premises
• Cloud-based
Applications Covered:
• Energy Storage
• EV charging
• Smart grid
• Microgrid
• Other Applications
End Users Covered:
• Commercial
• Residential
• Industrial
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Meter Data Management System Market, By Utility Type
5.1 Introduction
5.2 Gas
5.3 Electricity
5.4 Water
6 Global Meter Data Management System Market, By Component
6.1 Introduction
6.2 Software
6.3 Hardware
6.4 Services
7 Global Meter Data Management System Market, By Deployment Type
7.1 Introduction
7.2 On-premises
7.3 Cloud-based
8 Global Meter Data Management System Market, By Application
8.1 Introduction
8.2 Energy Storage
8.3 EV charging
8.4 Smart grid
8.5 Microgrid
8.6 Other Applications
8.6.1 Gas and Water Consumption
9 Global Meter Data Management System Market, By End User
9.1 Introduction
9.2 Commercial
9.3 Residential
9.4 Industrial
10 Global Meter Data Management System Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Honeywell International, Inc.
12.2 Itron Inc.
12.3 Kamstrup A/S
12.4 Landis+Gyr Group AG
12.5 Sensus (Xylem)
12.6 ABB Ltd.
12.7 Aclara Technologies LLC
12.8 Schneider Electric SE
12.9 Siemens AG
12.10 Diehl Metering GmbH
12.11 Eaton Corporation
12.12 Powel
12.13 Elster Group GmbH
12.14 Arad Group
12.15 Trilliant Holdings Inc.
12.16 Oracle Corporation
12.17 Sagemcom
List of Tables
1 Global Meter Data Management System Market Outlook, By Region (2018-2027) ($MN)
2 Global Meter Data Management System Market Outlook, By Utility Type (2018-2027) ($MN)
3 Global Meter Data Management System Market Outlook, By Gas (2018-2027) ($MN)
4 Global Meter Data Management System Market Outlook, By Electricity (2018-2027) ($MN)
5 Global Meter Data Management System Market Outlook, By Water (2018-2027) ($MN)
6 Global Meter Data Management System Market Outlook, By Component (2018-2027) ($MN)
7 Global Meter Data Management System Market Outlook, By Software (2018-2027) ($MN)
8 Global Meter Data Management System Market Outlook, By Hardware (2018-2027) ($MN)
9 Global Meter Data Management System Market Outlook, By Services (2018-2027) ($MN)
10 Global Meter Data Management System Market Outlook, By Deployment Type (2018-2027) ($MN)
11 Global Meter Data Management System Market Outlook, By On-premises (2018-2027) ($MN)
12 Global Meter Data Management System Market Outlook, By Cloud-based (2018-2027) ($MN)
13 Global Meter Data Management System Market Outlook, By Application (2018-2027) ($MN)
14 Global Meter Data Management System Market Outlook, By Energy Storage (2018-2027) ($MN)
15 Global Meter Data Management System Market Outlook, By EV charging (2018-2027) ($MN)
16 Global Meter Data Management System Market Outlook, By Smart grid (2018-2027) ($MN)
17 Global Meter Data Management System Market Outlook, By Microgrid (2018-2027) ($MN)
18 Global Meter Data Management System Market Outlook, By Other Applications (2018-2027) ($MN)
19 Global Meter Data Management System Market Outlook, By Gas and Water Consumption (2018-2027) ($MN)
20 Global Meter Data Management System Market Outlook, By End User (2018-2027) ($MN)
21 Global Meter Data Management System Market Outlook, By Commercial (2018-2027) ($MN)
22 Global Meter Data Management System Market Outlook, By Residential (2018-2027) ($MN)
23 Global Meter Data Management System Market Outlook, By Industrial (2018-2027) ($MN)
24 North America Meter Data Management System Market Outlook, By Country (2018-2027) ($MN)
25 North America Meter Data Management System Market Outlook, By Utility Type (2018-2027) ($MN)
26 North America Meter Data Management System Market Outlook, By Gas (2018-2027) ($MN)
27 North America Meter Data Management System Market Outlook, By Electricity (2018-2027) ($MN)
28 North America Meter Data Management System Market Outlook, By Water (2018-2027) ($MN)
29 North America Meter Data Management System Market Outlook, By Component (2018-2027) ($MN)
30 North America Meter Data Management System Market Outlook, By Software (2018-2027) ($MN)
31 North America Meter Data Management System Market Outlook, By Hardware (2018-2027) ($MN)
32 North America Meter Data Management System Market Outlook, By Services (2018-2027) ($MN)
33 North America Meter Data Management System Market Outlook, By Deployment Type (2018-2027) ($MN)
34 North America Meter Data Management System Market Outlook, By On-premises (2018-2027) ($MN)
35 North America Meter Data Management System Market Outlook, By Cloud-based (2018-2027) ($MN)
36 North America Meter Data Management System Market Outlook, By Application (2018-2027) ($MN)
37 North America Meter Data Management System Market Outlook, By Energy Storage (2018-2027) ($MN)
38 North America Meter Data Management System Market Outlook, By EV charging (2018-2027) ($MN)
39 North America Meter Data Management System Market Outlook, By Smart grid (2018-2027) ($MN)
40 North America Meter Data Management System Market Outlook, By Microgrid (2018-2027) ($MN)
41 North America Meter Data Management System Market Outlook, By Other Applications (2018-2027) ($MN)
42 North America Meter Data Management System Market Outlook, By Gas and Water Consumption (2018-2027) ($MN)
43 North America Meter Data Management System Market Outlook, By End User (2018-2027) ($MN)
44 North America Meter Data Management System Market Outlook, By Commercial (2018-2027) ($MN)
45 North America Meter Data Management System Market Outlook, By Residential (2018-2027) ($MN)
46 North America Meter Data Management System Market Outlook, By Industrial (2018-2027) ($MN)
47 Europe Meter Data Management System Market Outlook, By Country (2018-2027) ($MN)
48 Europe Meter Data Management System Market Outlook, By Utility Type (2018-2027) ($MN)
49 Europe Meter Data Management System Market Outlook, By Gas (2018-2027) ($MN)
50 Europe Meter Data Management System Market Outlook, By Electricity (2018-2027) ($MN)
51 Europe Meter Data Management System Market Outlook, By Water (2018-2027) ($MN)
52 Europe Meter Data Management System Market Outlook, By Component (2018-2027) ($MN)
53 Europe Meter Data Management System Market Outlook, By Software (2018-2027) ($MN)
54 Europe Meter Data Management System Market Outlook, By Hardware (2018-2027) ($MN)
55 Europe Meter Data Management System Market Outlook, By Services (2018-2027) ($MN)
56 Europe Meter Data Management System Market Outlook, By Deployment Type (2018-2027) ($MN)
57 Europe Meter Data Management System Market Outlook, By On-premises (2018-2027) ($MN)
58 Europe Meter Data Management System Market Outlook, By Cloud-based (2018-2027) ($MN)
59 Europe Meter Data Management System Market Outlook, By Application (2018-2027) ($MN)
60 Europe Meter Data Management System Market Outlook, By Energy Storage (2018-2027) ($MN)
61 Europe Meter Data Management System Market Outlook, By EV charging (2018-2027) ($MN)
62 Europe Meter Data Management System Market Outlook, By Smart grid (2018-2027) ($MN)
63 Europe Meter Data Management System Market Outlook, By Microgrid (2018-2027) ($MN)
64 Europe Meter Data Management System Market Outlook, By Other Applications (2018-2027) ($MN)
65 Europe Meter Data Management System Market Outlook, By Gas and Water Consumption (2018-2027) ($MN)
66 Europe Meter Data Management System Market Outlook, By End User (2018-2027) ($MN)
67 Europe Meter Data Management System Market Outlook, By Commercial (2018-2027) ($MN)
68 Europe Meter Data Management System Market Outlook, By Residential (2018-2027) ($MN)
69 Europe Meter Data Management System Market Outlook, By Industrial (2018-2027) ($MN)
70 Asia Pacific Meter Data Management System Market Outlook, By Country (2018-2027) ($MN)
71 Asia Pacific Meter Data Management System Market Outlook, By Utility Type (2018-2027) ($MN)
72 Asia Pacific Meter Data Management System Market Outlook, By Gas (2018-2027) ($MN)
73 Asia Pacific Meter Data Management System Market Outlook, By Electricity (2018-2027) ($MN)
74 Asia Pacific Meter Data Management System Market Outlook, By Water (2018-2027) ($MN)
75 Asia Pacific Meter Data Management System Market Outlook, By Component (2018-2027) ($MN)
76 Asia Pacific Meter Data Management System Market Outlook, By Software (2018-2027) ($MN)
77 Asia Pacific Meter Data Management System Market Outlook, By Hardware (2018-2027) ($MN)
78 Asia Pacific Meter Data Management System Market Outlook, By Services (2018-2027) ($MN)
79 Asia Pacific Meter Data Management System Market Outlook, By Deployment Type (2018-2027) ($MN)
80 Asia Pacific Meter Data Management System Market Outlook, By On-premises (2018-2027) ($MN)
81 Asia Pacific Meter Data Management System Market Outlook, By Cloud-based (2018-2027) ($MN)
82 Asia Pacific Meter Data Management System Market Outlook, By Application (2018-2027) ($MN)
83 Asia Pacific Meter Data Management System Market Outlook, By Energy Storage (2018-2027) ($MN)
84 Asia Pacific Meter Data Management System Market Outlook, By EV charging (2018-2027) ($MN)
85 Asia Pacific Meter Data Management System Market Outlook, By Smart grid (2018-2027) ($MN)
86 Asia Pacific Meter Data Management System Market Outlook, By Microgrid (2018-2027) ($MN)
87 Asia Pacific Meter Data Management System Market Outlook, By Other Applications (2018-2027) ($MN)
88 Asia Pacific Meter Data Management System Market Outlook, By Gas and Water Consumption (2018-2027) ($MN)
89 Asia Pacific Meter Data Management System Market Outlook, By End User (2018-2027) ($MN)
90 Asia Pacific Meter Data Management System Market Outlook, By Commercial (2018-2027) ($MN)
91 Asia Pacific Meter Data Management System Market Outlook, By Residential (2018-2027) ($MN)
92 Asia Pacific Meter Data Management System Market Outlook, By Industrial (2018-2027) ($MN)
93 South America Meter Data Management System Market Outlook, By Country (2018-2027) ($MN)
94 South America Meter Data Management System Market Outlook, By Utility Type (2018-2027) ($MN)
95 South America Meter Data Management System Market Outlook, By Gas (2018-2027) ($MN)
96 South America Meter Data Management System Market Outlook, By Electricity (2018-2027) ($MN)
97 South America Meter Data Management System Market Outlook, By Water (2018-2027) ($MN)
98 South America Meter Data Management System Market Outlook, By Component (2018-2027) ($MN)
99 South America Meter Data Management System Market Outlook, By Software (2018-2027) ($MN)
100 South America Meter Data Management System Market Outlook, By Hardware (2018-2027) ($MN)
101 South America Meter Data Management System Market Outlook, By Services (2018-2027) ($MN)
102 South America Meter Data Management System Market Outlook, By Deployment Type (2018-2027) ($MN)
103 South America Meter Data Management System Market Outlook, By On-premises (2018-2027) ($MN)
104 South America Meter Data Management System Market Outlook, By Cloud-based (2018-2027) ($MN)
105 South America Meter Data Management System Market Outlook, By Application (2018-2027) ($MN)
106 South America Meter Data Management System Market Outlook, By Energy Storage (2018-2027) ($MN)
107 South America Meter Data Management System Market Outlook, By EV charging (2018-2027) ($MN)
108 South America Meter Data Management System Market Outlook, By Smart grid (2018-2027) ($MN)
109 South America Meter Data Management System Market Outlook, By Microgrid (2018-2027) ($MN)
110 South America Meter Data Management System Market Outlook, By Other Applications (2018-2027) ($MN)
111 South America Meter Data Management System Market Outlook, By Gas and Water Consumption (2018-2027) ($MN)
112 South America Meter Data Management System Market Outlook, By End User (2018-2027) ($MN)
113 South America Meter Data Management System Market Outlook, By Commercial (2018-2027) ($MN)
114 South America Meter Data Management System Market Outlook, By Residential (2018-2027) ($MN)
115 South America Meter Data Management System Market Outlook, By Industrial (2018-2027) ($MN)
116 Middle East & Africa Meter Data Management System Market Outlook, By Country (2018-2027) ($MN)
117 Middle East & Africa Meter Data Management System Market Outlook, By Utility Type (2018-2027) ($MN)
118 Middle East & Africa Meter Data Management System Market Outlook, By Gas (2018-2027) ($MN)
119 Middle East & Africa Meter Data Management System Market Outlook, By Electricity (2018-2027) ($MN)
120 Middle East & Africa Meter Data Management System Market Outlook, By Water (2018-2027) ($MN)
121 Middle East & Africa Meter Data Management System Market Outlook, By Component (2018-2027) ($MN)
122 Middle East & Africa Meter Data Management System Market Outlook, By Software (2018-2027) ($MN)
123 Middle East & Africa Meter Data Management System Market Outlook, By Hardware (2018-2027) ($MN)
124 Middle East & Africa Meter Data Management System Market Outlook, By Services (2018-2027) ($MN)
125 Middle East & Africa Meter Data Management System Market Outlook, By Deployment Type (2018-2027) ($MN)
126 Middle East & Africa Meter Data Management System Market Outlook, By On-premises (2018-2027) ($MN)
127 Middle East & Africa Meter Data Management System Market Outlook, By Cloud-based (2018-2027) ($MN)
128 Middle East & Africa Meter Data Management System Market Outlook, By Application (2018-2027) ($MN)
129 Middle East & Africa Meter Data Management System Market Outlook, By Energy Storage (2018-2027) ($MN)
130 Middle East & Africa Meter Data Management System Market Outlook, By EV charging (2018-2027) ($MN)
131 Middle East & Africa Meter Data Management System Market Outlook, By Smart grid (2018-2027) ($MN)
132 Middle East & Africa Meter Data Management System Market Outlook, By Microgrid (2018-2027) ($MN)
133 Middle East & Africa Meter Data Management System Market Outlook, By Other Applications (2018-2027) ($MN)
134 Middle East & Africa Meter Data Management System Market Outlook, By Gas and Water Consumption (2018-2027) ($MN)
135 Middle East & Africa Meter Data Management System Market Outlook, By End User (2018-2027) ($MN)
136 Middle East & Africa Meter Data Management System Market Outlook, By Commercial (2018-2027) ($MN)
137 Middle East & Africa Meter Data Management System Market Outlook, By Residential (2018-2027) ($MN)
138 Middle East & Africa Meter Data Management System Market Outlook, By Industrial (2018-2027) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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