Meter
Data Management Market Research Report: Information by Component (Hardware
& Software), by Utility Type (Electricity, Water & Gas), by Application
(Smart Grid, Microgrid, Energy Storage, EV Charging and others), by End-Use
(Residential, Commercial & Industrial) and by Region.
Global Meter Data Management Market Analysis
Meter
data management is defined as a system that performs long-term data storage and
management for huge quantities of data generated and delivered by smart
metering systems. A new report on the
global meter data management market, published by Market Research Future
(MRFR), claims that this market could witness an expansion at 20.24% CAGR
between 2019 and 2024. By value, the market can be worth the USD 430 Mn by the
end of the forecast period.
Meter
data management is a solution for managing metered consumption data.
Additionally, it also 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 rising data volumes
and succeed in a dynamic industry.
Prominent Players
Major players in the global meter data management
market include ABB (Switzerland), Eaton (Ireland), Enoro (Finland), Honeywell
(USA), Itron (USA), Kamstrup (Denmark), Landis+Gyr (Switzerland), Open Access
Technology International Inc. (USA), Powel (Norway), Schneider Electric
(France), Sensus (Xylem) (USA), and Siemens (Germany).
Global Meter Data Management Industry Segmentation
The global meter data management market segmentation
covers application, component, end-use, and utility type. MRFR’s take on the market allows an in-depth
look into various facets of the market.
The application-based segmentation of this market
covers energy storage, electric vehicle (EV) charging, microgrid, smart grid,
and others. During the forecast period, the smart grid segment is expected to
hold the dominating market share due to the increasing investments in smart
grids.
Regarding component, the meter data management market
has been segmented into hardware and software.
Based on end-use, the meter data management market has
been segmented into residential, commercial, and industrial. During the
forecast period, the residential segment can hold the dominating market share
due to increasing smart meter implementations that are being mandated by
governments, across the globe.
By utility type, the meter data management market has
been segmented into electric, gas, and water.
Access Full Report at: https://www.marketresearchfuture.com/reports/meter-data-management-market-7972
Regional Outlook
The global meter data
management market has been segmented into five regions, which are Asia-Pacific, North America, Europe, the Middle East & Africa, and
South America.
In 2018, North America held
the largest share of the global meter data management market, mainly due to the
increasing installation of smart meters across the region. According to U.S.
Department of Energy’s Smart Grid Investment Grant Program, there are few
project announcements have been made with few scheduled deployments such as
those by Consolidated Edison and Hawaiian Electric helping to sustain the
presence of AMI activity.
The market in Europe is
expected to be the second largest, owing to the increasing smart meter rollout
in the major countries of the region, including Italy and Sweden. Italy and
Sweden are the first European countries to begin the smart meter rollouts in
the last decade.
Additionally, the majority
of smart meter installations is likely to take place in France, Spain, and the
UK, with significant contributions coming from Austria and the Netherlands.
These smart meter installations in various countries in Europe present
lucrative opportunities for the players operating in the meter data management
market during the forecast period.
About Market Research Future:
At
Market Research Future (MRFR), we enable our customers to unravel the
complexity of various industries through our Cooked Research Report (CRR),
Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed
Research (CFR), and Market Research & Consulting Services.
Contact:
Market
Research Future
+1
646 845 9312
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