Meter Data Management System Market to Reach $428 Million by 2023

1
Meter Data Management System Market by Component,
Utility, Application, End-User, and Region -
Global Forecast to 2023
www.MarketsandMarkets.com
2
The global meter data management system market is
projected to reach a size of USD 428 million by
2023, at a CAGR of 20.48, from an estimated USD
169 million in 2018. This growth can be
attributed to factors such as growing government
policies and legislative mandates for smart
meters, need for grid reliability, and need for
accurate utility bill generation. Browse and
in-depth TOC on "Meter Data Management System
Market" 71 - Tables 33 - Figures 139 - Pages
  View more detailed TOC _at_ https//www.marketsan
dmarkets.com/Market-Reports/meter-data-management-
system-market-144621226.html
3
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. PDF Brochure https//www.marketsand
markets.com/pdfdownloadNew.asp?id144621226

4
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. Speak to
analyst _at_ https//www.marketsandmarkets.com/speakt
oanalystNew.asp?id144621226
5
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 for Free Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
.asp?id144621226
6

• Key players -
• 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
• Itron (US),
• Siemens (Germany),
• LandisGyr (Switzerland),
• Schneider Electric (France),
• ABB (Switzerland),
• Eaton (Ireland),
• DIEHL (Germany),
• Alcara (US), etc.
• Buy Now - https//www.marketsandmarkets.com/Purc
  hase/purchase_reportNew.asp?id144621226

7
ContactMr. Shelly SinghMarketsandMarkets
INC.630 Dundee Road Suite 430 Northbrook, IL
60062 USA 1-888-600-6441 UK
44-800-368-9399Email sales_at_marketsandmarkets.com