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Smart Meter Data Management Market in US Forecast Report: Growth Overview Along with Big Corporation Profiles

03-05-2020 05:31 PM CET | IT, New Media & Software

Press release from: Allied Market Research

U.S. Smart Meter Data Management Market

U.S. Smart Meter Data Management Market

Smart meters are next-generation metering devices that are used to obtain energy consumption feedbacks, monitor, manage, and send these feedbacks to the billing management system. The smart meter data management system gathers data from analog & smart meter, aggregates & validates the data, and calculates the billing determinants. Numerous benefits associated with smart meter data management include consolidation of large volume of data in one system, handling all the analog & interval data and similarly facilitating new customer offerings such as providing detail information about customer's energy consumption. The U.S. market was valued at $0.176 billion in 2018, and the U.S. smart meter data management market forecast is projected to reach $556.94 million by 2026, growing at a CAGR of 15.54% from 2019 to 2026.

Access Full Report Summary: https://www.alliedmarketresearch.com/us-smart-meter-data-management-market

The electric gas meter segment is expected to garner significant share during the forecast period. The major factors driving the adoption of U.S. smart meter data management software in this sector include, increase in the demand for smart grids and energy across the U.S. and surge in electric vehicle & grid integration majorly drive the market growth. However, the water meter sector is expected to grow at a highest rate during the forecast period, owing to increase in government initiatives for installation of water meter data management across the U.S. to convert meter data into actionable insights.

Growth in demand for smart meters across the U.S. region to efficiently use energy sources and monitor energy consumptions drive the U.S smart meter data management market growth. Further, supportive rules and regulations for energy consumption, as well as initiatives undertaken by the governing bodies of the nation, boosts the demand for smart meter data management products. However, the high cost of these meters and management of high volumes of data can be concerning factors that impact the market development. Nevertheless, increase in volume of meter data and high demand for predictive analysis are expected to offer considerable growth opportunities for the smart meter data management market.

Download Sample Report: https://www.alliedmarketresearch.com/us-smart-meter-data-management-market

The Key Players:

o Oracle Corporation
o Arad Group
o Trilliant Holdings Inc.
o Elster Group GmbH
o Itron
o Siemens AG
o Aclara Technologies LLC
o Enoro
o ElectSolve Technology Solutions & Services Inc.
o Landis+Gyr.

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About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.

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