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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Offering, Utility Type, Application, End - User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
UK, Germany, France, Italy, Russia
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market segmentation
1.3.1 Europe Meter data management system Market – By Offering
1.3.2 Europe Meter data management system Market – By Utility Type
1.3.3 Europe Meter data management system Market – By Application
1.3.4 Europe Meter data management system Market – By End-user
1.3.5 Europe Meter data management system Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Meter Data Management System Market Landscape
4.1 Market Overview
4.1.1 Europe PEST Analysis
4.2 Ecosystem Analysis
4.3 Expert Opinion
5. Europe Meter Data Management System Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Investment in New Technology
5.1.2 Importance of Grid for Eliminatination of outages and reducing losses.
5.1.3 Rapid Growth of Electric Vehicle
5.2 Key Market Restraints
5.2.1 Effect of Interoperability on Investments and Synergies
5.2.2 Technology Exposed to Cyber Threats
5.3 Key Market Opportunities
5.3.1 Investment in Development of Internet Infrastructure to Increase the Demand for Meter Data Management System
5.4 Future Trends
5.4.1 Adoption of Technologies in Meter Data Management System
5.5 Impact Analysis of Drivers and Restraints
6. Meter Data Management System Market – Europe Market Analysis
6.1 Europe Meter data management system
6.2 Europe Meter data management system Market Forecast and Analysis
7. Europe Meter Data Management System Market Analysis– By Offering
7.1 Overview
7.2 Europe Meter Data Management System Market Breakdown, By Offering, 2018 & 2027
7.3 Software
7.3.1 Overview
7.3.2 Europe Software Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 Services Market Revenue and Forecasts to 2027 (US$ Mn)
8. Europe Meter Data Management System Market Analysis – By Utility Type
8.1 Overview
8.2 Europe Meter Data Management System Market Breakdown, By Utility Type, 2018 & 2027
8.3 Gas
8.3.1 Overview
8.3.2 Europe Gas Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Water
8.4.1 Overview
8.4.2 Europe Water Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Electricity
8.5.1 Overview
8.5.2 Europe Electricity Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Meter Data Management System Market Analysis – By Application
9.1 Overview
9.2 Europe Meter Data Management System Market Breakdown, By Application, 2018 & 2027
9.3 Smart Grid
9.3.1 Overview
9.3.2 Europe Smart Grid Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Microgrid
9.4.1 Overview
9.4.2 Europe Microgrid Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Energy Storage
9.5.1 Overview
9.5.2 Europe Energy Storage Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 EV Charging
9.6.1 Overview
9.6.2 Europe EV Charging Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Europe Meter Data Management System Market Analysis – By End-User
10.1 Overview
10.2 Europe Meter Data Management System Market Breakdown, By End-User, 2018 & 2027
10.3 Residential
10.3.1 Overview
10.3.2 Europe Residential Market Revenue and Forecasts to 2027 (US$ Mn)
10.4 Commercial
10.4.1 Overview
10.4.2 Europe Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
10.5 Industrial
10.5.1 Overview
10.5.2 Europe Industrial Market Forecast and Analysis
11. Europe Meter Data Management System Market– Country Analysis
11.1.1 Europe Meter data management system Market Breakdown, By Country
11.1.1.1 Germany Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 Germany Meter data management system Market Breakdown, By Offering
11.1.1.1.2 Germany Meter data management system Market Breakdown, By Utility Type
11.1.1.1.3 Germany Meter data management system Market Breakdown, By Application
11.1.1.1.4 Germany Meter data management system Market Breakdown, By End user
11.1.1.2 France Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 France Meter data management system Market Breakdown, by Offering
11.1.1.2.2 France Meter data management system Market Breakdown, by Utility Type
11.1.1.2.3 France Meter data management system Market Breakdown, By Application
11.1.1.2.4 France Meter data management system Market Breakdown, By End user
11.1.1.3 Italy Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 Italy Meter data management system Market Breakdown, By Offering
11.1.1.3.2 Italy Meter data management system Market Breakdown, By Utility Type
11.1.1.3.3 Italy Meter data management system Market Breakdown, By Application
11.1.1.3.4 Italy Meter data management system Market Breakdown, By End user
11.1.1.4 UK Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.4.1 UK Meter data management system Market Breakdown, By Offering
11.1.1.4.2 UK Meter data management system Market Breakdown, By Utility Type
11.1.1.4.3 UK Meter data management system Market Breakdown, By Application
11.1.1.4.4 UK Meter data management system Market Breakdown, By End user
11.1.1.5 Russia Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.5.1 Russia Meter data management system Market Breakdown, By Offering
11.1.1.5.2 Russia Meter data management system Market Breakdown, By Utility Type
11.1.1.5.3 Russia Meter data management system Market Breakdown, By Application
11.1.1.5.4 Russia Meter data management system Market Breakdown, By End user
11.1.1.6 Rest of Europe Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.6.1 Rest of Europe Meter data management system Market Breakdown, By Offering
11.1.1.6.2 Rest of Europe Meter data management system Market Breakdown, By Utility Type
11.1.1.6.3 Rest of Europe Meter data management system Market Breakdown, By Application
11.1.1.6.4 Rest of Europe Meter data management system Market Breakdown, By End user
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 ABB Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Product and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Aclara Technologies LLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Product and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Diehl Metering GmbH
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Product and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eaton Corporation
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Honeywell International, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Itron Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Product and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Kamstrup A/S
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Landis+Gyr Group AG
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Schneider Electric SE
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Siemens AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Table 2. Europe Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 3. Europe Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 4. Europe Meter data management system Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 5. Europe Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 6. Germany Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 7. Germany Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 8. Germany Meter data management system Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 9. Germany Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 10. France Meter data management system Market, Revenue and Forecast to 2027 – by Offering (US$ Mn)
Table 11. France Meter data management system Market, Revenue and Forecast to 2027 – by Utility Type (US$ Mn)
Table 12. France Meter data management system Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 13. France Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 14. Italy Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 15. Italy Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 16. Italy Meter data management system Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 17. Italy Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 18. UK Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 19. UK Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 20. UK Meter data management system Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 21. UK Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 22. Russia Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 23. Russia Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 24. Russia Meter data management system Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 25. Russia Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 26. Rest of Europe Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 27. Rest of Europe Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 28. Rest of Europe Meter data management system Market, Revenue and Forecast to 2027 – by Application (US$ Mn)
Table 29. Rest of Europe Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 30. Glossary of Term: Meter data management system Market
LIST OF FIGURES
Figure 1. Europe Meter Data Management System Market Segmentation
Figure 2. Europe Meter Data Management System Market Segmentation - Country
Figure 3. Europe Meter Data Management System Market, by Offering
Figure 4. Europe Meter Data Management System Market, by Utility Type
Figure 5. Europe Meter Data Management System Market Overview
Figure 6. Europe Meter Data Management System Market, by Application
Figure 7. Europe Meter Data Management System Market, by End-User
Figure 8. Europe PEST Analysis
Figure 9. Europe Meter Data Management System Market Ecosystem Analysis
Figure 10. Meter Data Management System Market Expert Opinion
Figure 11. Meter Data Management System Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Meter data management system Market Forecast and Analysis (US$ Mn)
Figure 13. Europe Meter Data Management System Market Breakdown, By Offering, 2018 & 2027 (%)
Figure 14. Europe Software Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. Europe Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. Europe Meter Data Management System Market Breakdown, By Utility Type, 2018 & 2027 (%)
Figure 17. Europe Gas Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. Europe Water Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. Europe Electricity Water Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. Europe Meter Data Management System Market Breakdown, By Application, 2018 & 2027 (%)
Figure 21. Europe Smart Grid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. Europe Microgrid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. Europe Energy Storage Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. Europe EV Charging Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. Europe Meter Data Management System Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 27. Europe Residential Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. Europe Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. Europe Industrial Market Revenue and Forecasts to 2027(US$ Mn)
Figure 30. Europe Meter data management system Market Breakdown, By Country, 2018 & 2027(%)
Figure 31. Germany Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 32. France Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Italy Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 34. UK Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 35. Russia Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 36. Rest of Europe Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
The List of Companies - Europe Meter Data Management System Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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