U.S. Smart Meter Data Management Market Reach to USD 556.94 Million by 2026 | Top Players such as - Siemens AG, Aclara Technologies and Arad Group

According to the report published by Allied Market Research, The U.S. Smart Meter Data Management Market Reach to USD 556.94 Million by 2026 | Top Players such as - Siemens AG, Aclara Technologies and Arad Group. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

The growth of the U.S. smart meter data management market is driven by rise in demand for smart meters across the U.S. to efficiently use energy sources and monitor energy consumptions. Further, supportive rules and regulations, as well as initiatives undertaken by the governing bodies of the nation, boost the demand for smart meter data management products. However, the high cost of these meters and management of high volume of data are expected to hamper market growth. Nevertheless, increase in volume of meter data & high demand for predictive analysis and integration of advance technologies such as AI in smart meter data management are expected to offer considerable growth opportunities for the smart meter data management market.

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The U.S. market was valued at USD 176.56 million in 2018, and the U.S. smart meter data management market forecast is projected to reach USD 556.94 million by 2026, growing at a CAGR of 15.54% from 2019 to 2026.

The U.S. smart meter data management market is segmented on the basis of component, deployment mode, application, and region. By component, the market is bifurcated into software and services. The software segment is further segmented into meter data management system (MDMS), meter data analytics (MDA), and software communication. Services are further studied across consulting, project management, implementation & integration, and other support services. By deployment type, it is bifurcated into cloud based and on-premise. By application, the market is divided into electricity, gas and water. By country, the market is analyzed across the U.S.

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The electric gas meter segment is expected to garner a 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.

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The key players profiled in the U.S. smart meter data management market analysis are Oracle Corporation, Arad Group, Trilliant Holdings, Inc., Elster Group GmbH, Itron, Siemens AG, Aclara Technologies LLC, Enoro, ElectSolve Technology Solutions & Services, Inc., and Landis+Gyr. These players have adopted various strategies to increase their U.S. smart meter data management market penetration and strengthen their position in the industry.

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Key Findings of the Study

● On the basis of component, the software segment led the U.S. smart meter data management market, in terms of revenue in 2018.

● By deployment model, the on-premise accounted for the highest U.S. smart meter data management market share in 2018.

● Depending on application, the electric gas segment is anticipated to exhibit substantial growth during the forecast period.

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