Skip to content
Meter Data Management System Market
Meter Data Management System Market

Press release -

Meter Data Management System Market Statistics Report, 2021 | Global Industry Research on Growth and Opportunity in 2027

The global meter data management system market in terms of revenue was worth of USD 60.27 Million in 2020 and is expected to reach USD 97.84 Million in 2027, growing at a CAGR of 6.40% from 2021 to 2027. The Global Meter Data Management System Market is expected to grow at a substantial growth rate due to several driving factors.

A meter data management system (MDMS) belongs to a software-based application that is utilized to accumulate readings from automated metering devices. It performs as a vital component of the advanced metering infrastructure (AMI) that allows bidirectional communication between central management system and the meter. The system mainly incorporates smart meters that measure gas, electricity, and water consumption, together with devices to import, authenticate and procedure data prior to it is used for analysis and final billing. In comparison to the conventionally used systems, meter data management system facilitates the user to establish all consumption data below a single structure and control both analog and interval data to optimize business activities. Meter data management system is a component in the smart grid infrastructure supported by utility companies. This may also integrate meter data analytics, the analysis of data radiated by electric smart meters that track record consumption of electric energy. The system delivers a single repository for handling and managing meter and meter functions data as well as meter read data. MDMS implies to software that operates long-term data storage and management for the enormous quantities of data produced by smart metering systems.

Request for Sample Report: https://brandessenceresearch.com/requestSample/PostId/1625

Currently, the growing penetration of advanced metering systems coupled with the Internet of things (IoT) and cloud computing systems is likely to drive the market for meter data management systems across the world. There are presently around 3.6 billion smartphones in the world, and their number rises by over 8% per year. For example; a German company, Siemen, launched a new solution named CloudConnect in 2020. Siemens has the technology that links the cloud with all types of plants. Also, according to Eurostat 2021, around 36% of enterprises in 2020 used cloud computing. Similarly, according to the Worldwide Internet of Things Spending Guide, in 2019, Europe was accountable for 23% of global IoT spending. This becomes Europe the third-largest market in IoT expenditure. Europe is projected to account for 25% of IoT spending across the world by 2024. Meter data management systems give the info on meter reading, power cut when power consumption surpasses outside the quantified limit with the use of IoT and cloud computing system. Therefore, the growing penetration of advanced metering systems such as the Internet of things (IoT) and cloud computing systems are eventually boosting the market for meter data management systems throughout the world. In addition, the growing adoption of smart water meters is likely to intensify the growth of meter data management systems globally. For instance, according to Smart Energy International May 2021, around 99 million smart meters had been established as of the end of 2019. Additional 115 million smart meter placements are estimated by the end of 2021. More than half of the United State have attained a rollout of more than 50% and about 58 investor-owned services have fully organized smart meters. However, the high installation cost of smart water meters may hamper the growth of meter data management systems globally over the forecast period. In spite of that, increasing advancements in this field may create more opportunities for the further growth of the market.

Request For Methodology: https://brandessenceresearch.com/requestMethodology/PostId/1625

On a geographic basis, North America is expected to dominate the global meter data management system market owing to various factors such as the increasing need to generate accurate bills for consumers based on various tariff rates, the rising adoption of advanced metering infrastructure technologies and the adoption of smart meters, and many more in this region. Increasing innovations in advanced water meter management systems or products in the region is one of the leading factors contributing to the growth of the meter data management system market. For instance; Honeywell’s multi-mode meter data collection solution transformed water utilities meter reading capacity in 2018. METRo solution has completely transformed SES Water’s meter reading ability which is quite easy to utilize route established meter reading software. Likewise, Landis+Gyr, an American company has designed SmartData Connect, a customer engagement platform that converts meter data into an easy to utilize resource for both consumers and service personnel.

The Asia Pacific is the fastest growing region in the meter data management system market due to the ever-growing population, speedy urbanization, and the increasing manufacturing industries in this region. Ever-intensifying awareness about smart water meters is one of the leading factors augmenting the growth of the meter data management system market. For instance; China is currently aiming on lowering water consumption and energy efficiency by the placement of smart grids, smart households, and smart cities in its 12th five-year plan, the usage of smart meters is also supported. The government of China has proclaimed a one-household-one-meter policy across the region. Jiangxi Water Utility has launched a lab to promote the implementation of NB-IoT-enabled smart water meters. The consciousness about smart water meters in the region is expanding.

The study provides a crucial view of the global meter data management system market by segmenting the market based on component, service, end-user and region & country level. Based upon the component, global meter data management system market is segmented into hardware and software. Based upon service, the global meter data management system market is classified into water utilities, wastewater management, sanitation management, and others. Based upon end-user, the global meter data management system market is categorized into residential, commercial, and industrial.

Global Meter Data Management System Market Segmentation:

Global Meter Data Management System Market: By Application

  • Water Utilities
  • Wastewater Management
  • Sanitation Management

Global Meter Data Management System Market: By End User

  • Residential
  • Commercial
  • Industrial

The regions covered in this Meter Data Management System Industry report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Meter Data Management System is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Buy this Futuristic Report: https://brandessenceresearch.com/Checkout?report_id=1625

Key Players Meter Data Management System Industry Report:

  • ABB Ltd.
  • Aclara Technologies LLC
  • Diehl Metering GmbH
  • Eaton Corporation
  • Honeywell International, Inc.
  • Itron Inc.
  • Kamstrup A/S
  • Landis+Gyr Group AG
  • Schneider Electric SE
  • Siemens AG

Key Benefits for Global Meter Data Management System Industry Market Report–

  • Global Meter Data Management System Industry Market report covers in-depth historical and forecast analysis.
  • Global Meter Data Management System Industry Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
  • Global Meter Data Management System Industry Market report helps to identify opportunities in marketplace.
  • Global Meter Data Management System Industry Market report covers extensive analysis of emerging trends and competitive landscape.

By Regional & Country Level:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • France
    • Germany
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Table of Content:

1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description

2. Chapter – Global Meter Data Management System Industry Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global Meter Data Management System Industry Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. Meter Data Management System Industry Growth
2.8. Porter’s Five Forces Analysis
2.9. Market Attractiveness Analysis

3. Chapter – Global Meter Data Management System Industry Market Overview: Quantitative Analysis

4. Chapter – Global Meter Data Management System Industry Market Analysis: Segmentation By End User

5. Chapter – Global Meter Data Management System Industry Market Analysis: Segmentation By Application

Continued…

Related links

Subjects

Tags


We publish market research reports & business insights produced by highly qualified and experienced industry analysts. Our research reports are available in a wide range of industry verticals including aviation, food & beverage, healthcare, ICT, Construction, Chemicals and lot more. Brand Essence Market Research report will be best fit for senior executives, business development managers, marketing managers, consultants, CEOs, CIOs, COOs, and Directors, governments, agencies, organizations and Ph.D. Students. Phone : +917447409162 Email : sales@brandessenceresearch.com  

Press contacts

Editorial Team

Editorial Team

Press contact Content Editors +44-2038074155
Aniket patil

Aniket patil

Press contact Co-Founder, Marketing Director +917447409161
Vishal Sawant

Vishal Sawant

Press contact Business Development Director +917447409162

We Accelerate your Growth !!!

Behind every successful strategy lies decision grade research. At BrandEssence, we help businesses hone their strategies with the power of actionable insights that we uncover through methodical research. Various influences determine the success of a product and service launch – and it takes a scientific study of focus groups to unravel opinions, perceptions, and expectations of stakeholders regarding an existing or proposed launch of service/product.
Brandessence has mastered the science of market research, straddling industries and domains with an expertise that stems from the brilliance of analysts powered by cutting-edge research tools. The best methodologies include quantitative and qualitative research in addition to multi-variable testing for homing in on the best approach.
Every single report that we at BrandEssence compile is a narrative by itself. Devoid of clutter, filled with actionable insights, backed by statistical data, with inferences drawn by experts, the crisp reports present the hard facts, helping businesses chalk out strategies. Perspectives at different hierarchies are not the same, and it takes an expert service like ours to put reports in the right perspective. A C-Suite Executive sees things differently while a business development manager has a different view of the same aspect. Reports need to consider the different perspectives and table the findings in a manner that will help all stakeholders to see the larger picture, with great granular detail. And this is the presentation aspect that our analysts have conquered.
We work for following Industries :
● Automotive
● FMCG
● Packaging
● Healthcare
● Chemicals
● Defense
● Medical Devices
● Aviation
● Construction
● Healthcare IT
● Renewable Energy
● Energy: Oil & Gas
● Metals and Minerals
● Agriculture Industry
● Biotechnology
● Heavy Industrial Sector
● Electronics
● Semiconductors
● Telecommunication
● Pharmaceuticals
● Technology and Media

Brandessence Market Research and Consulting Pvt ltd.
Office No 101, City Point, Survey No. 171/9, Bhekrai Nagar, Near HP Petrol Pump, Hadapsar–Saswad Road
412308 Pune
India
Visit our other newsrooms