Meter Data Management System Market by Component (Hardware, Software), Utility (Electricity, Gas, Water), Application (Smart Grid, Micro Grid, Energy Storage, EV Charging), End-User (Residential, Commercial & Industrial), and Region - Global Forecast to 2

Meter Data Management System Market by Component (Hardware, Software), Utility (Electricity, Gas, Water), Application (Smart Grid, Micro Grid, Energy Storage, EV Charging), End-User (Residential, Commercial & Industrial), and Region - Global Forecast to 2023

“The global meter data management system market is projected to grow at a CAGR of 20.48%, from 2018 to 2023.”
The global meter data management system market is projected to reach USD 428 million by 2023 from an estimated USD 169 million in 2018, at a CAGR of 20.48%. This growth can be attributed to factors such as increasing government support and legislative requirements to install smart meters and smart grids and the need to increase energy efficiency. However, cyber security and vulnerability of data generated and lack of proper standards interoperability is hindering the growth of the meter data management system market.

“The software segment is expected to be the fastest growing market from 2018 to 2023.”
The software segment, by component, is estimated to be the largest and the fastest growing segment during the forecast period. The software component of meter data management aids in data collection, synchronization, enables load mapping and stores non-billing data such as voltage and amperage to provide deeper visibility into the smart grid and smart metering infrastructure.

“The residential segment, by end-use type, is expected to be the largest market from 2018 to 2023.”
The residential segment is expected to hold the largest market share and the fastest growing segment during the forecast period because of the accelerating rollouts of smart meters in the residential sector. The meter data management system used in smart meters enables processing hundreds of millions of data to generate utility bills. Also, the meter data management system enables utilities to provide utility bills based on different tariff structures and enable in accurate billing for residential consumers.

“North America: The largest market for meter data management system.”
The North American region is expected to be the largest market for meter data management system, by 2023. The meter data management system market in this region is mainly driven by major utilties across the region who are implementing the meter data management system to support their growing smart meter installation. Countries such as the US and Mexico are among the major countries are planning to adopt ambitious, smart meter rollout mandates by 2023. For instance, Mexico is planning to install about 30 million new smart meters by 2023 to improve management of its grid network, reduce non-technical losses, and generate accurate bill to customers. This is expected to drive the market for meter data management system in the region.

Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:
By Company Type: Tier 1- 60%, Tier 2- 27%, and Tier 3-13%
By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%
By Region: Asia Pacific- 19%, Europe- 22%, North America- 29%, Middle East- 14%, Latin America- 11%, and Africa-5%

Note: Others includes sales managers, marketing managers, product managers, and product engineers.
The tier of the companies is defined on the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: <USD 500 million

The global meter data management system market is dominated by a few major players that have a wide regional presence. The leading players in the meter data management system market are Itron (US), Siemens (Germany), Landis+Gyr (Switzerland), Honeywell (US) and Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Kamstrup (Denmark), DIEHL (Germany), and Alcara (US).

Research Coverage:
The report defines, describes, and forecasts the global meter data management system market, by component, utility type, end-user, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value and future trends in the meter data management system market.

Why Buy this Report?
1. The report identifies and addresses key markets for meter data management system, which would help various stakeholders such as utilities, regulators, IT vendors, and meter vendors to review the growth in demand.
2. The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
3. The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
      • REGIONAL SCOPE
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY
    • LIMITATIONS
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • MARKET SIZE ESTIMATION
      • IDEAL DEMAND-SIDE ANALYSIS
        • Table SMART METER ROLLOUT TARGETS AND SUPPORTIVE LEGISLATIONS ARE THE MAJOR DETERMINING FACTORS FOR THE METER DATA MANAGEMENT SYSTEM MARKET
      • SUPPLY-SIDE ANALYSIS
      • FORECAST
    • SOME OF THE INSIGHTS OF INDUSTRY EXPERTS
  • EXECUTIVE SUMMARY
    • Table METER DATA MANAGEMENT SYSTEM MARKET SNAPSHOT
  • PREMIUM INSIGHTS
    • ATTRACTIVE OPPORTUNITIES IN THE METER DATA MANAGEMENT SYSTEM MARKET DURING THE FORECAST PERIOD
    • METER DATA MANAGEMENT SYSTEM MARKET, BY REGION
    • METER DATA MANAGEMENT SYSTEM MARKET, BY COMPONENT
    • NORTH AMERICAN METER DATA MANAGEMENT SYSTEM MARKET, BY UTILITY TYPE & COUNTRY
    • METER DATA MANAGEMENT SYSTEM MARKET, BY END-USER
    • METER DATA MANAGEMENT SYSTEM MARKET, BY UTILITY TYPE
    • METER DATA MANAGEMENT SYSTEM MARKET, BY APPLICATION
  • MARKET OVERVIEW
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
        • Table SMART METER INSTALLATION PLANS ACROSS GLOBAL REGIONS
        • Table PER CAPITA CONSUMPTION OF ENERGY COMPARISON ACROSS MAJOR ECONOMIES, 2016-2018, IN MWH/CAPITA
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
  • METER DATA MANAGEMENT SYSTEM, BY COMPONENT
    • INTRODUCTION
      • Table METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD THOUSAND)
    • SOFTWARE
      • INCREASING NUMBER OF NEW APPLICATIONS AND SUPPORTING LEGISLATIONS ARE EXPECTED TO DRIVE THE SOFTWARE SEGMENT
        • Table SOFTWARE: GLOBAL METER DATA MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 (USD THOUSAND)
    • HARDWARE
      • EMERGENCE IN SMART METERING ACROSS THE GLOBE IS EXPECTED TO DRIVE THE HARDWARE SEGMENT
        • Table HARDWARE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
  • METER DATA MANAGEMENT SYSTEM, BY UTILITY TYPE
    • INTRODUCTION
      • Table METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY UTILITY TYPE, 2016-2023 (USD THOUSAND)
    • ELECTRICITY
      • REMOTE ACCESS TO SECURE DATA AND POWER QUALITY DATA MANAGEMENT ARE EXPECTED TO DRIVE THE ELECTRICITY METER DATA MANAGEMENT SYSTEM MARKET
        • Table ELECTRICITY: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
    • GAS
      • IMPROVING GAS GRID NETWORKS AND IMPROVING BILLING ACCURACY ARE EXPECTED TO DRIVE THE GAS METER DATA MANAGEMENT SYSTEM MARKET
        • Table GAS: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
    • WATER
      • MINIMIZING WATER LOSS AND IMPROVING WATER SUPPLY ARE EXPECTED TO DRIVE THE WATER METER DATA MANAGEMENT SYSTEM MARKET
        • Table WATER: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
  • METER DATA MANAGEMENT SYSTEM MARKET, BY END-USER
    • INTRODUCTION
      • Table METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD THOUSAND)
    • RESIDENTIAL
      • INCREASING IMPLEMENTATION OF SMART METERS AND INCREASING DEMAND FOR MODERNIZATION OF METERING INFRASTRUCTURE ARE EXPECTED TO DRIVE THE RESIDENTIAL SECTOR
        • Table RESIDENTIAL: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
    • COMMERCIAL
      • GROWING COMMERCIAL TRADE HUBS AND ENERGY EFFICIENCY REGULATIONS ARE EXPECTED TO DRIVE THE COMMERCIAL SECTOR
        • Table COMMERCIAL: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
    • INDUSTRIAL
      • GROWING MANUFACTURING, PROCESSING, AND DATA CENTER ESTABLISHMENTS ARE EXPECTED TO DRIVE THE INDUSTRIAL SECTOR
        • Table INDUSTRIAL: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
  • METER DATA MANAGEMENT SYSTEM MARKET, BY APPLICATION
    • INTRODUCTION
      • Table METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
    • SMART GRID
      • AGING GRID INFRASTRUCTURE AND SMART METER MANDATES ARE DRIVING THE SMART GRID SEGMENT
        • Table SMART GRID: GLOBAL METER DATA MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 (USD THOUSAND)
    • MICROGRID
      • ELECTRIFICATION OF REMOTE AREAS AND INCREASING RENEWABLE ENERGY INSTALLATIONS ARE DRIVING THE MICROGRID SEGMENT
        • Table MICROGRID: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
    • ENERGY STORAGE
      • NEED TO REDUCE ENERGY COSTS AND GROWING ENERGY STORAGE TECHNOLOGIES ARE DRIVING THE ENERGY STORAGE SEGMENT
        • Table ENERGY STORAGE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
    • EV CHARGING
      • GROWING ELECTRIC VEHICLE ADOPTION AND NEED FOR MANAGING GRID INTEGRITY ARE DRIVING THE EV CHARGING SEGMENT
        • Table EV CHARGING: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
    • OTHERS
      • RISING DEMAND FOR GAS AND WATER AND THE NEED TO BE COMPETITIVE ARE DRIVING THE OTHERS SEGMENT
        • Table OTHERS: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY REGION, 2016-2023 (USD THOUSAND)
  • METER DATA MANAGEMENT SYSTEM MARKET, BY REGION
    • INTRODUCTION
      • Table METER DATA MANAGEMENT SYSTEM MARKET, BY REGION, 2016-2023 (USD THOUSAND)
    • NORTH AMERICA
      • Table NORTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD THOUSAND)
      • Table NORTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD THOUSAND)
      • Table NORTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY UTILITY TYPE, 2016-2023 (USD THOUSAND)
      • Table NORTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD THOUSAND)
      • Table NORTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • US
        • Table US: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • CANADA
        • Table CANADA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • MEXICO
        • Table MEXICO: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
    • ASIA PACIFIC
      • Table ASIA PACIFIC: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD THOUSAND)
      • Table ASIA PACIFIC: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD THOUSAND)
      • Table ASIA PACIFIC: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY UTILITY TYPE, 2016-2023 (USD THOUSAND)
      • Table ASIA PACIFIC: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD THOUSAND)
      • Table ASIA PACIFIC: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • CHINA
        • Table CHINA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • INDIA
        • Table INDIA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • JAPAN
        • Table JAPAN: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • AUSTRALIA
        • Table AUSTRALIA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • SOUTH KOREA
        • Table SOUTH KOREA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • REST OF ASIA PACIFIC
        • Table REST OF ASIA PACIFIC: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
    • EUROPE
      • Table EUROPE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD THOUSAND)
      • Table EUROPE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD THOUSAND)
      • Table EUROPE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY UTILITY TYPE, 2016-2023 (USD THOUSAND)
      • Table EUROPE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD THOUSAND)
      • Table EUROPE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • UK
        • Table UK: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • POLAND
        • Table POLAND: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • FRANCE
        • Table FRANCE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • SPAIN
        • Table SPAIN: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • ITALY
        • Table ITALY: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • REST OF EUROPE
        • Table REST OF EUROPE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
    • MIDDLE EAST & AFRICA
      • Table MIDDLE EAST & AFRICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD THOUSAND)
      • Table MIDDLE EAST & AFRICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD THOUSAND)
      • Table MIDDLE EAST & AFRICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY UTILITY TYPE, 2016-2023 (USD THOUSAND)
      • Table MIDDLE EAST & AFRICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD THOUSAND)
      • Table MIDDLE EAST & AFRICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • SAUDI ARABIA
        • Table SAUDI ARABIA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • UAE
        • Table UAE: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • SOUTH AFRICA
        • Table SOUTH AFRICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • REST OF MIDDLE EAST & AFRICA
        • Table REST OF MIDDLE EAST & AFRICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
    • SOUTH AMERICA
      • Table SOUTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COUNTRY, 2016-2023 (USD THOUSAND)
      • Table SOUTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY COMPONENT, 2016-2023 (USD THOUSAND)
      • Table SOUTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY UTILITY TYPE, 2016-2023 (USD THOUSAND)
      • Table SOUTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY END-USER, 2016-2023 (USD THOUSAND)
      • Table SOUTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • BRAZIL
        • Table BRAZIL: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • ARGENTINA
        • Table ARGENTINA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • COLOMBIA
        • Table COLOMBIA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
      • REST OF SOUTH AMERICA
        • Table REST OF SOUTH AMERICA: METER DATA MANAGEMENT SYSTEM MARKET SIZE, BY APPLICATION, 2016-2023 (USD THOUSAND)
  • COMPETITIVE LANDSCAPE
    • OVERVIEW
    • MARKET SHARE ANALYSIS
    • COMPETITIVE SCENARIO
      • Table DEVELOPMENTS BY KEY PLAYERS IN THE MARKET, 2015-2019
      • NEW PRODUCT LAUNCHES
      • CONTRACTS & AGREEMENTS
      • MERGERS & ACQUISITIONS
    • COMPETITIVE LEADERSHIP MAPPING
      • VISIONARY LEADERS
      • INNOVATORS
      • DYNAMIC
      • EMERGING
  • COMPANY PROFILE
    • COMPANY BENCHMARKING
    • HONEYWELL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • EATON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ABB
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SIEMENS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • SCHNEIDER ELECTRIC
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ITRON
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • LANDIS+GYR
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KAMSTRUP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • DIEHL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ALCARA
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • SENSUS (XYLEM)
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
    • POWEL
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
  • APPENDIX
    • INSIGHTS OF INDUSTRY EXPERTS
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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