Press release
Meter data management system Market Recent Trends, In-depth Analysis, Market Size Research Report Forecast up to 2027
Europe is the second-largest market in the meter data management system market. Apart from North America and Europe, APAC remains at the third-largest geographic segment in the meter data management system market. In APAC, countries such as China, Thailand, Singapore, and South Korea, are noticing increasing adoption of EVs, which is accelerating the number of EV charge stations. In 2019, Royal Dutch Shell launched EV chargers at petrol stations in Singapore. Such initiatives are expected to bolster the adoption of meter data management system systems across the region.
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The business or household equipped with a smart meter is enabled to monitor its electricity usage and make adjustments that reduce overall usage. They also help in shifting usage to non-peak hours when rates are lower. This is an advantage for the utility, as the low demand during peak hours decreases the amount of electricity it needs to generate at maximum cost, and limits the new capital investments. This factor is subsequently anticipated to encourage the meter data management system market growth during the forecast period.
Leading Key Players:
1.ABB Ltd.
2.Aclara Technologies LLC
3.Diehl Metering GmbH
4.Eaton Corporation
5.Honeywell International, Inc.
6.Itron Inc.
7.Kamstrup A/S
8.Landis+Gyr Group AG
9.Schneider Electric SE
10.Siemens AG
With the increasing population, the demand for utility consumption is expected to increase exponentially. A city’s utility management systems and distribution channel are expected to be viable over a longer period of in order to maintain growth consistently. They should also be integrated with technologies that are capable to monitor and check utility loss issues. The government of various countries are adopting the momentum of smart cities thereby, investing in the development of internet infrastructure in the countries with an aim to bring robust urbanization. The aforesaid factor is expected to provide huge benefits to the companies providing this system and thus, positively impacting the meter data management system market.
The global meter data management system market by offering is segmented into software and services. The software segment dominated the meter data management system market heavily and is projected to continue its dominance throughout the forecast period from 2019 – 2027. the meter data management system offers the major benefits to the utilities, such as improved data consistency & accuracy across systems, optimized performance throughout meter to cash operations, as well as supports grid modernization initiatives comprising smart meter programs.
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TOC points of the market report:
• Market size & stocks
• Market trends and dynamics
• Market drivers and opportunities
• Competitive landscape
• Supply and demand
• Technological inventions in the industry
• Marketing channel development trend
• Market positioning
• Pricing strategy
• Brand strategy
• Target client
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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