Europe Meter Data Management System Market Growth and Analysis by 2027

Historic Data: 2016-2017   |   Base Year: 2018   |   Forecast Period: 2019-2027

Europe Meter Data Management System Market to 2027 - Regional Analysis and Forecasts by Offering (Software and Services); Utility Type (Gas, Water, and Electricity); Application (Smart grid, Microgrid, Energy Storage, EV Charging, and Others); End - User (Residential, Commercial, and Industrial)

  • Report Date : Jan 2020
  • Report Code : TIPRE00008597
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • Available Report Formats : pdf-format excel-format
  • No. of Pages : 142

The meter data management system market in Europe is expected to grow from US$ 274.4 Mn in 2018 to US$ 961.8Mn by the year 2027 at a CAGR of 14.6% during the forecast period.

The meter data management solutions provide transparency for the utilities and municipalities, and thereby enable significantly increased efficiency in reading, billing and service processes. The smart grids and smart metering rollout will help the EU to reduce emissions in the region by up to 9% as well as the annual energy consumption of households by comparable amounts. For measuring cost-effectiveness, EU countries performed cost-benefit analyses on the basis of guidelines specified by the European Commission (EC). Also, a similar assessment was conducted on smart meters for gas. By 2020, the European Union (EU) targets to upgrade at least 80% of the region's electricity meters with smart meters at every place where it is economical to do so.

With the constantly growing EV market in the region, the installment of EV charging stations across Europe is anticipated to accelerate at a rapid pace. In 2018, the European Investment Bank (EIB) provided ~US$ 44.5 Mn as quasi-equity in Allego Holding BV, a provider and operator of EV charging infrastructure across Europe. The funding is to support EV charging infrastructure in the region.

Europe meter data management system market is expected to grow at a good CAGR during the forecast period. For example, the UK National Grid is working with local Pivot Power LLP for the development of one of the world's largest networks of rapid EV charging stations in the country. The tender envisages the deployment of 2,250 MW of batteries at 45 electric substations across the country. The figure given below highlights the revenue share of Rest of Europe   in the Europe meter data management system market in the forecast period:


Rest of Europe Meter Data Management System Market Revenue and Forecasts to 2027 (US$ Mn)

Rest of Europe Meter Data Management System Market Revenue and Forecasts to 2027 (US$ Mn)
  • This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.


Europe Meter Data Management System Market–Segmentation

Europe Meter Data Management System Market By Offering

  • Software
  • Services


Europe Meter Data Management System Market By Utility Type

  • Gas
  • Water
  • Electricity

Europe Meter Data Management System Market By Application

  • Smart Grid
  • Microgrid
  • Energy Storage
  • EV Charging
  • Others


Europe Meter Data Management System Market By End-User

  • Residential
  • Commercial
  • Industrial


Europe Meter Data Management System Market By Country

  • Germany
  • France
  • Italy
  • United Kingdom
  • Russia
  • Rest of Europe

Europe Meter Data Management System Market-Companies Mentioned

  • 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

Europe Meter Data Management System Report Scope

Report Attribute Details
Market size in 2018 US$ 274.4 Million
Market Size by 2027 US$ 961.8 Million
Global CAGR (2019 - 2027) 14.6%
Historical Data 2016-2017
Forecast period 2019-2027
Segments Covered By Offering
  • Software
  • Services
By Utility Type
  • Gas
  • Water
  • Electricity
By Application
  • Smart grid
  • Microgrid
  • Energy Storage
  • EV Charging
By End - User
  • Residential
  • Commercial
  • Industrial
Regions and Countries Covered Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Market leaders and key company profiles
  • 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
  • Ankita Mittal
    Ankita Mittal
    Manager,
    Market Research & Consulting

    Ankita is a dynamic market research and consulting professional with over 8 years of experience across the technology, media, ICT, and electronics & semiconductor sectors. She has successfully led and delivered 100+ consulting and research assignments for global clients such as Microsoft, Oracle, NEC Corporation, SAP, KPMG, and Expeditors International. Her core competencies include market assessment, data analysis, forecasting, strategy formulation, competitive intelligence, and report writing.

    Ankita is adept at handling complete project cycles—from pre-sales proposal design and client discussions to post-sales delivery of actionable insights. She is skilled in managing cross-functional teams, structuring complex research modules, and aligning solutions with client-specific business goals. Her excellent communication, leadership, and presentation abilities have enabled her to consistently deliver value-driven outcomes in fast-paced and evolving market environments.

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    The List of Companies - Europe Meter Data Management System Market

    1. ABB Ltd.
    2. Aclara Technologies LLC
    3. Diehl Metering GmbH
    4. Eaton Corporation
    5. Honeywell International, Inc
    6. Itron Inc
    7. Kamstrup A/S
    8. Landis+Gyr Group AG
    9. Schneider Electric SE
    10. Siemens AG
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