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Incredible Growth of Meter Data Management System Market 2019 Growing with Major Eminent Key Players Honeywell , Abb , Siemens , Schneider Electric

Global meter data management system market is valued at approximately USD 168 million in 2017 and is anticipated to grow with a healthy growth rate of more than 20.1 % over the forecast period 2018-2025

Global meter data management system market is valued at approximately USD 168 million in 2017 and is anticipated to grow with a healthy growth rate of more than 20.1 % over the forecast period 2018-2025. The advent of smart meters and smart infrastructure is considered as a major growth trend for the global meter data management system market.

Key drivers for the meter data management system market are growing adoption of advanced metering technology, progressing deployment of smart meters, increasing volume of meter data coupled with demand for grid reliability and outage management. Adoption of advance metering technologies facilitates monitoring and measuring the consumers information. AMI adoption offers operational and financial benefits and eliminates the requirement of on-site meter reading, improves energy theft detection and response to power outages. It also brings financial gains to utility, gas and water companies through reduction in maintenance and equipment costs.

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Some market players include-

Honeywell
Abb
Siemens
Schneider Electric
Itron
Landis+Gyr
Kamstrup
Diehl
Alcara
Sensus (Xylem)
Powel Eaton

It is an integrated system of communication, smart meters and data management systems that enables communication between customers and utilities. For instance, as per the U.S. Energy Information Administration, in 2016 U.S. electric utilities has installed about 71 million advanced metering infrastructure smart meters representing about 47% of the electricity consumers in the United States. Similarly, the government of India sanctioned about 12 smart grid projects in 2019 involves the implementation of advanced metering infrastructure. Thus, adoption of advance metering infrastructure is supplementing the adoption & growth of meter data management system market. Furthermore, smart city initiatives by emerging economies is expected to create lucrative growth prospects of the meter data management system market across the globe. However, lack of standards and threat of cyber security and vulnerability act as a key restraint for the market during the forecast period.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below: 

By Component 
Software
Hardware
By Utility
Electricity
Gas
water

By Application: 
smart grid
Microgrid
Energy storage
EV charging
Others
By End-user:
Residential
Commercial & industrial

 

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Table of Contents

Chapter 1. Global Meter Data Management System Market Definition and Scope
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Global Meter Data Management System Market Dynamics
Chapter 5. Global Meter Data Management System Market, By Component
Chapter 6. Global Meter Data Management System Market, By Utility
Chapter 7. Global Meter Data Management System Market, By Application
Chapter 8. Global Meter Data Management System Market, By End-User
Chapter 9. Global Meter Data Management System Market, by Regional Analysis
Chapter 10. Competitive Intelligence

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