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Meter Data Management System - Global Market Outlook (2019-2027)

Meter Data Management System - Global Market Outlook (2019-2027)

4.1 (37 reviews)
Published: November 2020 ID: SMRC20070
4.1 (37 reviews)
Published: November 2020 ID: SMRC20070

This report covers the impact of COVID-19 on this global market

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.

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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

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