Meter Data Management System Market Size, Opportunities, Trends, Products, Revenue Analysis, For 2021–2028

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The global meter data management system market size is expected to reach USD 1,040.9 Million in 2028 at a steady CAGR, according to latest analysis by Emergen Research.

The global meter data management system market size is expected to reach USD 1,040.9 Million in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Major factors driving market revenue growth are increasing need to detect energy theft, rising focus and investment by governments in meter data management solutions, increasing application of more advanced metering infrastructure, rapid installation of smart grids, and growing need to enhance energy usage and reduce energy wastage. 

The pandemic has led to some devastating effects on the global economy, besides disrupting the functioning of the Meter Data Management System industry. It offers an exhaustive analysis of the present and future effects of the pandemic on this business sphere. Moreover, the adverse effects of the coronavirus pandemic on the global Meter Data Management System market, as well as its fundamental segments, have also been elucidated in this report.

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Competitive Outlook:

Additionally, the report presents a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the competitive landscape of the industry.

Leading Players Profiled in the Report:

Itron, Siemens, Landis+Gyr, Honeywell, Schneider Electric, ABB, Eaton, Kamstrup, DIEHL, and Alcara..

Global Meter Data Management System Market Segmentation

Emergen Research has segmented the global meter data management system market based on component, utility, application, end use, and region:

Component Outlook (Revenue, USD Million; 2018–2028)

Software

Hardware

Utility Outlook (Revenue, USD Million; 2018–2028)

Gas

Electricity

Water

Application Outlook (Revenue: USD Million; 2018–2028)

Micro Grid

Smart Grid

EV Charging

Energy Storage

End Use Outlook (Revenue: USD Million; 2018–2028)

Commercial Industrial

Residential

 Some Key Highlights from the Report

In July 2021, CrescoNet acquired Smart Earth Technologies. This acquisition will help CrescoNet to expand its water utility product portfolio by adding product line of Smart Earth Technologies that includes integrated, battery-operated, cellular endpoint transceivers, valves, installation tools, LTE infrastructure, and cloud software for meter data management, and customer information systems.

Software segment is expected to register faster CAGR over the forecast period. This can be attributed to rising adoption of smart meters and increasing need for more accurate and efficient energy monitoring and management, format, and process for meter data for accurate billing.

Asia Pacific is expected to register fastest revenue CAGR throughout the forecast period. Increasing urbanization, increasing number of SMEs, and rising adoption of smart grid networks are key factors propelling revenue growth of the market in this region.

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The report addresses the following key points:

Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth

Extensive competitive landscape mapping with profiles of the key competitors

In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies

Revenue forecast, country scope, application insights, and product insights

Regional Segmentation

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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