Global Smart Meter Data Management Market Forecast 2020-2028
KEY FINDINGS
The global market for smart meter data management is projected to witness a CAGR of 15.26% during the projected period. The increased implementation of advanced metering infrastructure, rising government initiatives, and the growing adoption of smart meters, are the factors pushing the market growth.
MARKET INSIGHTS
Smart meters measure gas, electricity, and water consumption. The smart meter data management market entails the technologies utilized for analyzing and storing the data generated by the smart meter. There is an increasing deployment of smart meters that aids in the efficient management of electricity consumption and costs, resulting in the formation of informed decisions. The increasing adoption of smart meters thus drives the smart mater data management growth. The collection of interval data has resulted in a significant increase in meter data volume, prompting utilities to deploy next-generation meter data management applications, and is therefore set to result in market expansion.
Meter data analytics is anticipated to witness the fastest growth during the estimated period. This is due to its importance in smart meters, since it aids in making sound decisions regarding energy consumption, detection of energy theft, and the reduction of energy bills. Increasing security concerns is one of the restraining factors of the market. There have been incidents of data breaches and issues of threats from hacking organizations. The mergers, strategic alliances, and acquisitions, have rendered the market competitive. The big market players have a major chance of getting contracts.
REGIONAL INSIGHTS
The global smart meter data management market is geographically evaluated through the market regions of Europe, North America, Asia Pacific, and the rest of the world. The smart meter data management market in the Asia Pacific market region is projected to be the fastest-growing market region. The market region also garnered the largest market share as of 2019. All of these are attributed to the high penetration of smart metering technology in the region of East Asia, along with with increasing residential users in the regions like Japan and South Korea, and the market growth prospects of China.
COMPETITIVE INSIGHTS
The market boasts of a large number of big industry players. Some of them include, Arad Group, Itron Inc., Aclara Technologies LLC (Acquired by Hubbel Incorporated), Electsolve Technology Solutions & Services, Inc., Enoro Ab (Acquired by Hansen Technologies), Elster Solutions (Acquired by Honeywell International Inc.), etc.
Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
- 1. Research Scope & Methodology
- 1.1. Study Objectives
- 1.2. Scope Of Market Study
- 1.3. Methodology
- 1.4. Assumptions & Limitations
- 2. Executive Summary
- 2.1. Market Size & Forecast
- 2.2. Market Overview
- 3. Market Dynamics
- 3.1. Parent Market Analysis: Smart Meter Market
- 3.2. Market Scope & Market Definition
- 3.3. Market Drivers
- 3.3.1. Growth In Adoption Of Smart Meters
- 3.3.2. Development Of Advanced Metering Infrastructure On The Rise
- 3.3.3. Incentives And Support From Governments
- 3.4. Market Restraints
- 3.4.1. Security Concerns
- 3.4.2. Integration Challenges
- 3.4.3. High Cost Of Installation
- 4. Key Analytics
- 4.1. Porter’s Five Force Analysis
- 4.1.1. New Entrants
- 4.1.2. Substitution
- 4.1.3. Suppliers Power
- 4.1.4. Buyers Power
- 4.1.5. Industrial Rivalry
- 4.2. Key Buying Criteria
- 4.3. Opportunity Matrix
- 4.4. Vendor Landscape
- 4.5. Key Investment Insights
- 5. Market By Component
- 5.1. Software
- 5.1.1. Mdms (Meter Data Management System)
- 5.1.2. Mda (Meter Data Analytics)
- 5.1.3. Communication Software
- 5.2. Services
- 5.2.1. Consulting
- 5.2.2. Project Management
- 5.2.3. Implementation And Integration
- 5.2.4. Other Support Services
- 6. Market By Deployment Type
- 6.1. Cloud Based
- 6.2. On-premise
- 7. Market By Application
- 7.1. Electric
- 7.2. Gas
- 7.3. Water
- 8. Geographical Analysis
- 8.1. North America
- 8.1.1. United States
- 8.1.2. Canada
- 8.2. Europe
- 8.2.1. United Kingdom
- 8.2.2. Germany
- 8.2.3. France
- 8.2.4. Italy
- 8.2.5. Russia
- 8.2.6. Belgium
- 8.2.7. Poland
- 8.2.8. Rest Of Europe
- 8.3. Asia Pacific
- 8.3.1. China
- 8.3.2. Japan
- 8.3.3. India
- 8.3.4. South Korea
- 8.3.5. Thailand
- 8.3.6. Indonesia
- 8.3.7. Vietnam
- 8.3.8. Australia & New Zealand
- 8.3.9. Rest Of Asia Pacific
- 8.4. Rest Of World
- 8.4.1. Latin America
- 8.4.2. Middle East & Africa
- 9. Company Profiles
- 9.1. Aclara Technologies Llc (Acquired By Hubbel Incorporated)
- 9.2. Arad Group
- 9.3. Electsolve Technology Solutions & Services, Inc.
- 9.4. Elster Solutions (Acquired By Honeywell International Inc.)
- 9.5. Enoro Ab (Acquired By Hansen Technologies)
- 9.6. Itron Inc.
- 9.7. Landis+Gyr Group
- 9.8. Oracle Utilities (Opower)
- 9.9. Siemens Ag
- 9.10. Trilliant Holdings
- 9.11. Eaton Corporation
- 9.12. Diehl
- 9.13. Schneider Electric
- 9.14. Kamstrup
- 9.15. Sensus (Xylem)
- List Of Tables
- Table 1: Smart Meter Data Management Market Snapshot
- Table 2: Global Smart Meter Data Management Market, By Component, Historical Years, 2016-2019 (In $ Million)
- Table 3: Global Smart Meter Data Management Market, By Component, Forecast Years, 2020-2028 (In $ Million)
- Table 4: Global Software Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 5: Global Software Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 6: Global Smart Meter Data Management Market, By Software, Historical Years, 2016-2019 (In $ Million)
- Table 7: Global Smart Meter Data Management Market, By Software, Forecast Years, 2020-2028 (In $ Million)
- Table 8: Global Mdms Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 9: Global Mdms Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 10: Global Mda Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 11: Global Mda Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 12: Global Communication Software Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 13: Global Communication Software Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 14: Global Services Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 15: Global Services Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 16: Global Smart Meter Data Management Market, By Services, Historical Years, 2016-2019 (In $ Million)
- Table 17: Global Smart Meter Data Management Market, By Services, Forecast Years, 2020-2028 (In $ Million)
- Table 18: Global Consulting Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 19: Global Consulting Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 20: Global Project Management Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 21: Global Project Management Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 22: Global Implementation & Integration Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 23: Global Implementation & Integration Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 24: Global Other Support Services Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 25: Global Other Support Services Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 26: Global Smart Meter Data Management Market, By Deployment Type, Historical Years, 2016-2019 (In $ Million)
- Table 27: Global Smart Meter Data Management Market, By Deployment Type, 2020-2028 (In $ Million)
- Table 28: Global Cloud Based Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 29: Global Cloud Based Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 30: Global On Premise Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 31: Global On Premise Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 32: Global Smart Meter Data Management Market, By Application, Historical Years, 2016-2019 (In $ Million)
- Table 33: Global Smart Meter Data Management Market, By Application, Forecast Years, 2020-2028 (In $ Million)
- Table 34: Global Electric Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 35: Global Electric Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 36: Global Gas Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 37: Global Gas Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 38: Global Water Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 39: Global Water Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- Table 40: Global Smart Meter Data Management Market, By Geography, Historical Years, 2016-2019 (In $ Million)
- Table 41: Global Smart Meter Data Management Market, By Geography, Forecast Years, 2020-2028 (In $ Million)
- Table 42: North America Smart Meter Data Management Market, By Country, Historical Years, 2016-2019 (In $ Million)
- Table 43: North America Smart Meter Data Management Market, By Country, Forecast Years, 2020-2028 (In $ Million)
- Table 44: Europe Smart Meter Data Management Market, By Country, Historical Years, 2016-2019 (In $ Million)
- Table 45: Europe Smart Meter Data Management Market, By Country, Forecast Years, 2020-2028 (In $ Million)
- Table 46: Asia Pacific Smart Meter Data Management Market, By Country, Historical Years, 2016-2019 (In $ Million)
- Table 47: Asia Pacific Smart Meter Data Management Market, By Country, Forecast Years, 2020-2028 (In $ Million)
- Table 48: Rest Of World Smart Meter Data Management Market, By Region, Historical Years, 2016-2019 (In $ Million)
- Table 49: Rest Of World Smart Meter Data Management Market, By Region, Forecast Years, 2020-2028 (In $ Million)
- List Of Figures
- Figure 1: Porter’s Five-force Analysis
- Figure 2: Key Buying Impact Analysis
- Figure 3: Opportunity Matrix
- Figure 4: Vendor Landscape
- Figure 5: Key Investment Insights
- Figure 6: Global Smart Meter Data Management Market, Growth Potential, By Component (In 2019)
- Figure 7: Global Smart Meter Data Management Market, By Software, 2020-2028 (In $ Million)
- Figure 8: Global Smart Meter Data Management Market, Growth Potential, By Software (In 2019)
- Figure 9: Global Smart Meter Data Management Market, By Mdms, 2020-2028 (In $ Million)
- Figure 10: Global Smart Meter Data Management Market, By Mda, 2020-2028 (In $ Million)
- Figure 11: Global Smart Meter Data Management Market, By Communication Software, 2020-2028 (In $ Million)
- Figure 12: Global Smart Meter Data Management Market, By Services, 2020-2028 (In $ Million)
- Figure 13: Global Smart Meter Data Management Market, Growth Potential, By Services (In 2019)
- Figure 14: Global Smart Meter Data Management Market, By Consulting, 2020-2028 (In $ Million)
- Figure 15: Global Smart Meter Data Management Market, By Project Management, 2020-2028 (In $ Million)
- Figure 16: Global Smart Meter Data Management Market, By Implementation & Integration, 2020-2028 (In $ Million)
- Figure 17: Global Smart Meter Data Management Market, By Other Support Services, 2020-2028 (In $ Million)
- Figure 18: Global Smart Meter Data Management Market, Growth Potential, By Deployment Type (In 2019)
- Figure 19: Global Smart Meter Data Management Market, By Cloud Based, 2020-2028 (In $ Million)
- Figure 20: Global Smart Meter Data Management Market, By On Premise, 2020-2028 (In $ Million)
- Figure 21: Global Smart Meter Data Management Market, Growth Potential, By Application (In 2019)
- Figure 22: Global Smart Meter Data Management Market, By Electric, 2020-2028 (In $ Million)
- Figure 23: Global Smart Meter Data Management Market, By Gas, 2020-2028 (In $ Million)
- Figure 24: Global Smart Meter Data Management Market, By Water, 2020-2028 (In $ Million)
- Figure 25: North America Smart Meter Data Management Market, Regional Outlook, 2019 & 2028 (In %)
- Figure 26: United States Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 27: Canada Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 28: Europe Smart Meter Data Management Market, Regional Outlook, 2019 & 2028 (In %)
- Figure 29: United Kingdom Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 30: Germany Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 31: France Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 32: Italy Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 33: Russia Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 34: Belgium Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 35: Poland Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 36: Rest Of Europe Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 37: Asia Pacific Smart Meter Data Management Market, Regional Outlook, 2019 & 2028 (In %)
- Figure 38: China Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 39: Japan Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 40: India Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 41: South Korea Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 42: Thailand Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 43: Indonesia Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 44: Vietnam Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 45: Australia & New Zealand Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 46: Rest Of Asia Pacific Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 47: Rest Of World Smart Meter Data Management Market, Regional Outlook, 2019 & 2028 (In %)
- Figure 48: Latin America Smart Meter Data Management Market, 2020-2028 (In $ Million)
- Figure 49: Middle East & Africa Smart Meter Data Management Market, 2020-2028 (In $ Million)