Meter Data Management System Market Size Analysis, Drivers, Restraints, Key Factors Forecast, 2021–2028

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The global meter data management system market size is expected to reach USD 1,040.9 Million in 2028 at a steady CAGR, according to latest analysis by Emergen Research.

The latest market research report, titled ‘Global Meter Data Management System Market,’ methodically compiles the principal components of the global Meter Data Management System market research study. The report comprises an in-depth investigation of the market, underlining the latest growth trends and market dynamics.

However, the report takes into account the current COVID-19 impact on the global economy and this particular business sector. The global Meter Data Management System market growth has been extensively hampered by the current economic situation triggered by the COVID-19 pandemic.

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Competitive Landscape:

Key Players Profiled in the Report:

Itron, Siemens, Landis+Gyr, Honeywell, Schneider Electric, ABB, Eaton, Kamstrup, DIEHL, and Alcara..

Global Meter Data Management System Market Segmentation

Emergen Research has segmented the global meter data management system market based on component, utility, application, end use, and region:

Component Outlook (Revenue, USD Million; 2018–2028)

Software

Hardware

Utility Outlook (Revenue, USD Million; 2018–2028)

Gas

Electricity

Water

Application Outlook (Revenue: USD Million; 2018–2028)

Micro Grid

Smart Grid

EV Charging

Energy Storage

End Use Outlook (Revenue: USD Million; 2018–2028)

Commercial Industrial

Residential

Some Key Highlights from the Report

In July 2021, CrescoNet acquired Smart Earth Technologies. This acquisition will help CrescoNet to expand its water utility product portfolio by adding product line of Smart Earth Technologies that includes integrated, battery-operated, cellular endpoint transceivers, valves, installation tools, LTE infrastructure, and cloud software for meter data management, and customer information systems.

Software segment is expected to register faster CAGR over the forecast period. This can be attributed to rising adoption of smart meters and increasing need for more accurate and efficient energy monitoring and management, format, and process for meter data for accurate billing.

Asia Pacific is expected to register fastest revenue CAGR throughout the forecast period. Increasing urbanization, increasing number of SMEs, and rising adoption of smart grid networks are key factors propelling revenue growth of the market in this region.

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The report addresses the following key points:

The report estimates the expected market size from 2021-2028

The report provides a forecast of market drivers, restraints, and future opportunities for the Meter Data Management System market

The report further analyses the changing market dynamics

Regional Segmentation

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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