Global Meter Data Management Market Scenario

The global meter data management market is estimated to progress at 20.24% CAGR during the forecast period. The meter data management systems gather consumption data from analog and smart meters. The meter data management systems gather consumption data from analog and smart meters. This system aggregates the consumption data and calculates billing determinants. It also validates the data automatically or manually. Ultimately, it stores both raw data and the results of all operations.

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.

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Leading Players

The key players operating in the global meter data management market are Landis+Gyr (Switzerland), Eaton (Ireland), ABB (Switzerland), Kamstrup (Denmark), Siemens (Germany), Powel (Norway), Honeywell (US), Itron (US), Schneider Electric (France), Enoro (Finland), Sensus (Xylem) (US), and Open Access Technology International, Inc. (US).

Industry Segmentation

On the basis of end-use, the global market has been segmented into residential, commercial, and industrial. The residential segment is the largest segment in the market due increasing use of smart meters in the residential complex to gather consumption data. The increasing population across the globe is positively triggering the demand for more infrastructure, thereby leading into increased number of smart meters. This would ultimately drive the demand for meter data management, which is an integral part of smart metering.

On the basis of component, the global market is segmented into software and hardware. The software segment is expected to dominate the market due smart meter installations being taken place at a fast pace, which needs to be processed, formatted, and supported with the help of proper software management.

On the basis of application, the global market has been segmented into smart grid, energy storage, microgrid, EV charging, and others. The smart grid segment is expected to dominate the market due to the growing investment in smart grid, of which meter data management is a part. On the basis of utility type, the global market has been segmented into electric, gas, and water. The electric segment is expected to dominate the global market as the amount of electricity produced and consumed is in huge amount, which needs to be managed properly, requiring proper management for meter data.

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Regional Outlook

On the basis of region, the global meter data management market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

North America holds the largest share in the meter data management market due to increasing investments in smart grid infrastructure to upgrading the network and prevent losses. Moreover, 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 projects 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. All these factors will drive the market for meter data management market in the region.

Scope of the Report

This report provides an in-depth analysis of the global meter data management market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Asia-Pacific, Europe, the Middle East & Africa, and South America. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global meter data management market by component, utility type, application, end-use, and region.

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