Meter Data Management System Market worth $428 million by 2023

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Meter Data Management System Market by Component
(Hardware, Software), Utility (Electricity, Gas,
Water), Application (Smart Grid, Micro Grid,
Energy Storage, EV Charging), End-User
(Residential, Commercial Industrial), and
Region - Global Forecast to 2023
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The global meter data management system market is
projected to reach USD 428 million by 2023 from
an estimated USD 169 million in 2018, at a CAGR
of 20.48. This growth can be attributed to the
increased government policies and supportive
mandates for smart meter installations and need
for accurate utility bill generation.
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The electricity segment is expected to hold the
largest share of the meter data management system
market, by utility type, during the forecast
period. The electricity segment is estimated to
dominate the meter data management system market
in 2018 and is projected to have the largest
market share during the forecast period. This is
mainly because there is increased global rollout
of smart meters to reduce energy consumption and
monitor customer usage pattern to determine load
and outage management. Furthermore, meter data
management allows utilities to develop new
business models such as time of consumption
tariff rate which is further expected to
contribute to the growth of the electricity
segment.   Download PDF Brochure
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The residential segment is expected to be the
fastest growing segment of the meter data
management system market, by end-user, during the
forecast period. The residential segment
accounted for the highest CAGR during the
forecast period. The growth of this segment can
be attributed to the increasing mandated rollout
of smart meters in the residential sectors across
regions such as the EU and North America.
Countries such as the UK, France, Italy, and the
US have mandated smart meter installation targets
by 2023. This is expected to increase the demand
for meter data management system market in the
forecast years. In addition to this, grid
upgrade, energy efficiency targets, and
transmission and distribution investment in North
America and Europe is further contributing to the
growth of the residential segment. Get 10
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Browse gtgt 71 market data
tables 33 figures
139 pages and in-depth TOC on Meter
Data Management System Market - Global Forecast
to 2023 Early buyers will receive 10
customization on this report. This is a
Premium Report Priced at US 5650 for single
user. Corporate User US8150 This study
answers several questions for the stakeholders,
primarily which market segments to focus on in
the next two to five years to prioritize efforts
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North America The leading market for meter data
management system. In this report, the meter data
management system market has been analyzed with
respect to 5 regions, namely, North America,
South America, Europe, Asia Pacific, and the
Middle East Africa. North America is estimated
to dominate the global meter data management
system market in 2018 owing to the smart meter
installation development and growth in countries
such the US, Canada and Mexico. There is a huge
requirement for power and infrastructural
development due to aging grid network in the
region. The US and Mexico are also investing in
infrastructure and power generation projects to
tackle growing population demands. The growth of
the meter data management system market in this
region is also driven by smart meter rollouts and
need to stabilize the grid and generate accurate
utility billing. Subsequent smart grid
development programs, microgrid, energy storage,
and EV charging infrastructure is further
expected to propel the growth of the market in
the region. Request Sample _at_ https//www.marketsa
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• To enable an in-depth understanding of the
  competitive landscape, the report includes the
  profiles of some of the top players in the meter
  data management system market. Some of the key
  players are
• Key players -
• Itron (US), Siemens (Germany), LandisGyr
  (Switzerland), Honeywell (US) and Schneider
  Electric (France), ABB (Switzerland), Eaton
  (Ireland), Kamstrup (Denmark), DIEHL (Germany),
  and Alcara (US)etc.
• Buy Now -
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