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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Date: 01-Apr-2019
No. of pages: 139
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“The global meter data management system market is projected to grow at a CAGR of 20.48%, from 2018 to 2023.”

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 factors such as increasing government support and legislative requirements to install smart meters and smart grids and the need to increase energy efficiency. However, cyber security and vulnerability of data generated and lack of proper standards interoperability is hindering the growth of the meter data management system market.

“The software segment is expected to be the fastest growing market from 2018 to 2023.

The software segment, by component,is estimated to be the largest and the fastest growing segment during the forecast period. The software component of meter data management aids in data collection, synchronization, enables load mapping and stores non-billing data such as voltage and amperage to provide deeper visibility into the smart grid and smart metering infrastructure.

“The residential segment, by end-use type, is expected to be the largest market from 2018 to 2023.

The residential segment is expected to hold the largest market share and the fastest growing segment during the forecast period because of the accelerating rollouts of smart meters in the residential sector. The meter data management system used in smart meters enables processing hundreds of millions of data to generate utility bills. Also, the meter data management system enables utilities to provide utility bills based on different tariff structures and enable in accurate billing for residential consumers.

“North America: The largest market for meter data management system.”

The North American region is expected to be the largest market for meter data management system, by 2023.The meter data management system market in this region is mainly driven by major utilties across the region who are implementing the meter data management system to support their growing smart meter installation. Countries such as the US and Mexico are among the major countries are planning to adopt ambitious, smart meter rollout mandates by 2023. For instance, Mexico is planning to install about 30 million new smart meters by 2023 to improve management of its grid network, reduce non-technical losses, and generate accurate bill to customers. This is expected to drive the market for meter data management system in the region.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows:


  • By Company Type: Tier 1- 60%, Tier 2-27%, and Tier 3-13%

  • By Designation: C-Level- 35%, Director Level- 25%, and Others- 40%

  • By Region: Asia Pacific- 19%, Europe- 22%, North America- 29%,Middle East- 14%, Latin America- 11%, and Africa-5%        


Note: Others includes sales managers, marketing managers, product managers, and product engineers.

The tier of the companies is defined on the basis of their total revenue as of 2017. Tier 1: USD 1 billion, Tier 2: From USD 1 billion to USD 500 million, and Tier 3: < USD 500 million

The global meter data management system market is dominated by a few major players that have a wide regional presence. The leading players in the meter data management system market are Itron (US), Siemens (Germany), Landis+Gyr (Switzerland), Honeywell (US) and Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Kamstrup (Denmark), DIEHL (Germany), and Alcara (US).

Research Coverage:

The report defines, describes, and forecasts the global meter data management system market, by component, utility type, end-user, application, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include the analysis of the competitive landscape, market dynamics, market estimates, in terms of value and future trends in the meter data management system market.

Why Buy this Report?


  • The report identifies and addresses key markets for meter data management system, which would help various stakeholders such as utilities, regulators, IT vendors, and meter vendors to review the growth in demand.

  • The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

  • The report will help key players understand the strategies of their competitors better and help them in making better strategic decisions.

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

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Market Size Estimation
2.1.1 Ideal Demand-Side Analysis
2.1.1.1 Assumptions
2.1.2 Supply-Side Analysis
2.1.2.1 Calculation
2.1.3 Forecast
2.2 Some of the Insights of Industry Experts

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Meter Data Management System Market During the Forecast Period
4.2 Meter Data Management System Market, By Region
4.3 Meter Data Management System Market, By Component
4.4 North American Meter Data Management System Market, By Utility Type & Country
4.5 Meter Data Management System Market, By End-User
4.6 Meter Data Management System Market, By Utility Type
4.7 Meter Data Management System Market, By Application

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Government Policies and Legislative Mandates for Smart Metering Infrastructure in the Us and Eu
5.2.1.2 Need for Grid Reliability and Outage Management
5.2.1.3 Need for Accurate Energy Bill Generation
5.2.2 Restraints
5.2.2.1 Cybersecurity and Vulnerability
5.2.2.2 Lack of Standards and Interoperability
5.2.3 Opportunities
5.2.3.1 Commitment to Smart City Programs By Major Economies
5.2.3.2 New Business Opportunities
5.2.4 Challenges
5.2.4.1 Improper Installation of Smart Meters
5.2.4.2 Delayed Realization of ROI

6 Meter Data Management System, By Component
6.1 Introduction
6.2 Software
6.2.1 Increasing Number of New Applications and Supporting Legislations are Expected to Drive the Software Segment
6.3 Hardware
6.3.1 Emergence in Smart Metering Across the Globe is Expected to Drive the Hardware Segment

7 Meter Data Management System, By Utility Type
7.1 Introduction
7.2 Electricity
7.2.1 Remote Access to Secure Data and Power Quality Data Management are Expected to Drive the Electricity Meter Data Management System Market
7.3 Gas
7.3.1 Improving Gas Grid Networks and Improving Billing Accuracy are Expected to Drive the Gas Meter Data Management System Market
7.4 Water
7.4.1 Minimizing Water Loss and Improving Water Supply are Expected to Drive the Water Meter Data Management System Market

8 Meter Data Management System Market, By End-User
8.1 Introduction
8.2 Residential
8.2.1 Increasing Implementation of Smart Meters and Increasing Demand for Modernization of Metering Infrastructure are Expected to Drive the Residential Sector
8.3 Commercial
8.3.1 Growing Commercial Trade Hubs and Energy Efficiency Regulations are Expected to Drive the Commercial Sector
8.4 Industrial
8.4.1 Growing Manufacturing, Processing, and Data Center Establishments are Expected to Drive the Industrial Sector

9 Meter Data Management System Market, By Application
9.1 Introduction
9.2 Smart Grid
9.2.1 Aging Grid Infrastructure and Smart Meter Mandates are Driving the Smart Grid Segment
9.3 Microgrid
9.3.1 Electrification of Remote Areas and Increasing Renewable Energy Installations are Driving the Microgrid Segment
9.4 Energy Storage
9.4.1 Need to Reduce Energy Costs and Growing Energy Storage Technologies are Driving the Energy Storage Segment
9.5 EV Charging
9.5.1 Growing Electric Vehicle Adoption and Need for Managing Grid Integrity are Driving the EV Charging Segment
9.6 Others
9.6.1 Rising Demand for Gas and Water and the Need to Be Competitive are Driving the Others Segment

10 Meter Data Management System Market, By Region
10.1 Introduction
10.2 North America
10.2.1 US
10.2.1.1 Need for Accurate Measurement of Electricity Consumption and Economic Asset Management are Driving the Market for Meter Data Management System
10.2.2 Canada
10.2.2.1 Increasing Demand for Electricity and Growing Smart Grid Initiatives are Expected to Drive the Market
10.2.3 Mexico
10.2.3.1 Massive Smart Meters Rollout Plan is Expected to Drive the Meter Data Management System Market
10.3 Asia Pacific
10.3.1 China
10.3.1.1 Increasing Need for Integrating Renewable Energy Generation is Driving the Market
10.3.2 India
10.3.2.1 Smart City Initiatives and Integration of Renewable Power Generation are Expected to Drive the Market
10.3.3 Japan
10.3.3.1 Expansion of Smart Meter Installations and Need for Real-Time Transmission are Driving the Market
10.3.4 Australia
10.3.4.1 Rising Energy Prices and Energy Efficiency Measures are Driving the Market
10.3.5 South Korea
10.3.5.1 Rising Smart Meter Implementation and Need for Curbing Carbon Emissions are Driving the Market
10.3.6 Rest of Asia Pacific
10.3.6.1 Rising Smart Meter Investment and Rollout are Driving the Market
10.4 Europe
10.4.1 UK
10.4.1.1 Need to Manage Energy Consumption and Dual Utility Smart Meter Rollout Plans are Driving the Market
10.4.2 Poland
10.4.2.1 Equal Access to Metering Data and Liberalization of the Electric Market are Driving the Market
10.4.3 France
10.4.3.1 Need to Supply Efficient Power and Mandatory Rollout of Smart Meters are Driving the Market
10.4.4 Spain
10.4.4.1 Need for Low Energy Costs and Increasing Smart Meter Installations are Driving the Market
10.4.5 Italy
10.4.5.1 Need for Real-Time Information and Second Wave Rollout of Smart Meters are Driving the Market
10.4.6 Rest of Europe
10.4.6.1 New Smart Meter Installations and Need for Better Smart Grid Infrastructure are Driving the Market
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.1.1 Rising Energy Prices and Need for Consumption Information are Driving the Market
10.5.2 UAE
10.5.2.1 Growing Energy Consumption and Smart Dubai Initiatives are Driving the Market
10.5.3 South Africa
10.5.3.1 Need to Contain Utility Debt and Growing Smart Meter Infrastructure Drives the Market
10.5.4 Rest of Middle East & Africa
10.5.4.1 Mandatory Installation of Smart Meters and Accuracy of Billing Drive the Market
10.6 South America
10.6.1 Brazil
10.6.1.1 Need for Reducing Energy Consumption and Distribution Generation is Driving the Market
10.6.2 Argentina
10.6.2.1 Regulatory Changes and Expansion of Transmission & Distribution Sector are Driving the Market
10.6.3 Colombia
10.6.3.1 Rollout Targets for Smart Meter Installation and Need for Energy Efficiency are Driving the Market
10.6.4 Rest of South America
10.6.4.1 Regulations and Smart Meter Development are Driving the Market

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Scenario
11.3.1 New Product Launches
11.3.2 Contracts & Agreements
11.3.3 Mergers & Acquisitions
11.4 Competitive Leadership Mapping
11.4.1 Visionary Leaders
11.4.2 Innovators
11.4.3 Dynamic
11.4.4 Emerging

12 Company Profile
12.1 Company Benchmarking
(Business Overview, Products Offered, Recent Developments, and MnM View)*
12.2 Honeywell
12.3 Eaton
12.4 ABB
12.5 Siemens
12.6 Schneider Electric
12.7 Itron
12.8 Landis+Gyr
12.9 Kamstrup
12.10 DIEHL
12.11 Alcara
12.12 Sensus (Xylem)
12.13 Powel
*Details on Business Overview, Products Offered, Recent Developments, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Available Customizations
13.5 Related Reports
13.6 Author Details

List of Tables

Table 1 Smart Meter Rollout Targets and Supportive Legislations are the Major Determining Factors for the Meter Data Management System Market
Table 2 Meter Data Management System Market Snapshot
Table 3 Smart Meter Installation Plans Across Global Regions
Table 4 Per Capita Consumption of Energy Comparison Across Major Economies, 2016–2018, in Mwh/Capita
Table 5 Meter Data Management System Market Size, By Component, 2016–2023 (USD Thousand)
Table 6 Software: Global Meter Data Management System Market, By Region, 2016–2023 (USD Thousand)
Table 7 Hardware: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 8 Meter Data Management System Market Size, By Utility Type, 2016–2023 (USD Thousand)
Table 9 Electricity: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 10 Gas: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 11 Water: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 12 Meter Data Management System Market Size, By End-User, 2016–2023 (USD Thousand)
Table 13 Residential: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 14 Commercial: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 15 Industrial: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 16 Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 17 Smart Grid: Global Meter Data Management System Market, By Region, 2016–2023 (USD Thousand)
Table 18 Microgrid: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 19 Energy Storage: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 20 EV Charging: Meter Data Management System Market Size, By Region, 2016–2023 (USD Thousand)
Table 21 Others: Meter Data Management System Market Size, By Region,2016–2023 (USD Thousand)
Table 22 Meter Data Management System Market, By Region,2016–2023 (USD Thousand)
Table 23 North America: Meter Data Management System Market Size, By Country, 2016–2023 (USD Thousand)
Table 24 North America: Meter Data Management System Market Size, By Component, 2016–2023 (USD Thousand)
Table 25 North America: Meter Data Management System Market Size, By Utility Type, 2016–2023 (USD Thousand)
Table 26 North America: Meter Data Management System Market Size, By End-User, 2016–2023 (USD Thousand)
Table 27 North America: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 28 US: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 29 Canada: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 30 Mexico: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 31 Asia Pacific: Meter Data Management System Market Size, By Country, 2016–2023 (USD Thousand)
Table 32 Asia Pacific: Meter Data Management System Market Size, By Component, 2016–2023 (USD Thousand)
Table 33 Asia Pacific: Meter Data Management System Market Size, By Utility Type, 2016–2023 (USD Thousand)
Table 34 Asia Pacific: Meter Data Management System Market Size, By End-User, 2016–2023 (USD Thousand)
Table 35 Asia Pacific: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 36 China: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 37 India: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 38 Japan: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 39 Australia: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 40 South Korea: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 41 Rest of Asia Pacific: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 42 Europe: Meter Data Management System Market Size, By Country, 2016–2023 (USD Thousand)
Table 43 Europe: Meter Data Management System Market Size, By Component, 2016–2023 (USD Thousand)
Table 44 Europe: Meter Data Management System Market Size, By Utility Type, 2016–2023 (USD Thousand)
Table 45 Europe: Meter Data Management System Market Size, By End-User, 2016–2023 (USD Thousand)
Table 46 Europe: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 47 UK: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 48 Poland: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 49 France: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 50 Spain: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 51 Italy: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 52 Rest of Europe: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 53 Middle East & Africa: Meter Data Management System Market Size, By Country, 2016–2023 (USD Thousand)
Table 54 Middle East & Africa: Meter Data Management System Market Size, By Component, 2016–2023 (USD Thousand)
Table 55 Middle East & Africa: Meter Data Management System Market Size, By Utility Type, 2016–2023 (USD Thousand)
Table 56 Middle East & Africa: Meter Data Management System Market Size, By End-User, 2016–2023 (USD Thousand)
Table 57 Middle East & Africa: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 58 Saudi Arabia: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 59 UAE: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 60 South Africa: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 61 Rest of Middle East & Africa: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 62 South America: Meter Data Management System Market Size, By Country, 2016–2023 (USD Thousand)
Table 63 South America: Meter Data Management System Market Size, By Component, 2016–2023 (USD Thousand)
Table 64 South America: Meter Data Management System Market Size, By Utility Type, 2016–2023 (USD Thousand)
Table 65 South America: Meter Data Management System Market Size, By End-User, 2016–2023 (USD Thousand)
Table 66 South America: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 67 Brazil: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 68 Argentina: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 69 Colombia: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 70 Rest of South America: Meter Data Management System Market Size, By Application, 2016–2023 (USD Thousand)
Table 71 Developments By Key Players in the Market, 2015–2019

List of Figures

Figure 1 Software Segment is Expected to Lead the Meter Data Management System Market During the Forecast Period
Figure 2 Electricity Segment is Expected to Lead the Meter Data Management System Market During the Forecast Period
Figure 3 Residential Segment is Expected to Lead the Meter Data Management System Market During the Forecast Period
Figure 4 Smart Grid Segment is Expected to Lead the Meter Data Management System Market During the Forecast Period
Figure 5 North America Dominated the Meter Data Management System Market in 2017
Figure 6 Increased Implementation of Smart Meters is Driving the Meter Data Management System Market, 2018–2023
Figure 7 European Market is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 8 Software Segment is Expected to Dominate the Meter Data Management System Market, By Component, During the Forecast Period
Figure 9 Electricity Segment and the Us Dominated the North American Meter Data Management System Market in 2017
Figure 10 Residential Segment is Expected to Dominate the Meter Data Management System Market, By End-User, During the Forecast Period
Figure 11 Electricity Segment is Expected to Dominate the Meter Data Management System Market, By Utility Type, During the Forecast Period
Figure 12 Smart Grid Segment is Expected to Dominate the Meter Data Management System Market, By Application, During the Forecast Period
Figure 13 Drivers, Restraints, Opportunities, and Challenges
Figure 14 Meter Data Management System Market, By Component, 2018–2023 (USD Thousand)
Figure 15 Meter Data Management System Market, By Utility Type, 2018–2023 (USD Thousand)
Figure 16 Residential Segment is Expected to Dominate the Market During the Forecast Period
Figure 17 Meter Data Management System Market, By Application, 2018–2023 (USD Thousand)
Figure 18 Regional Snapshot: the Market in the Middle East is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 19 Meter Data Management System Market Share (Value), By Region, 2017
Figure 20 North America Electric Vehicle Supply Equipment Stock Comparison, Us vs. Canada, 2016–2017
Figure 21 North America: Regional Snapshot
Figure 22 Europe: Regional Snapshot
Figure 23 Key Developments in the Meter Data Management System Market During 2015–2019
Figure 24 Market Share Analysis, 2017
Figure 25 Meter Data Management System Market (Global) Competitive Leadership Mapping, 2017
Figure 26 Honeywell: Company Snapshot
Figure 27 Eaton: Company Snapshot
Figure 28 ABB: Company Snapshot
Figure 29 Siemens: Company Snapshot
Figure 30 Schneider Electric: Company Snapshot
Figure 31 Itron: Company Snapshot
Figure 32 Landis+Gyr: Company Snapshot
Figure 33 DIEHL: Company Snapshot

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