The meter data management system market in North-America is expected to grow from US$ 346.6 Mn in 2017 to US$ 1077.4 Mn by the year 2027 at a CAGR of 13.1% 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. Growing concerns for clean and green energy along with the rising support from the US government, the country’s smart grid deployment is expected to propel during the forecast period. In 2018, the Canadian government announced a US$ 76 Mn call for bids to fund smart grid systems. Investments resulting from this call for bids will support bigger-scale demonstrations of encouraging near-commercial smart grid technologies as well as the installation of smart grid integrated systems for reducing greenhouse gas emissions.
In 2017, the Mexican government announced to invest ~US$ 646 Mn over the next eight years for implementing a smart grid intended to increase network flexibility and reliability. In 2007, the government passed the Energy Independence and Security Act, describing characteristics of the Smart Grid and directed Department of Energy (DOE) to establish a Smart Grid Investment Matching Grant (SGIG) program for supporting the modernization of the US electricity system.
US meter data management system market is expected to grow at a good CAGR during the forecast period. The government introduced the “Distributed Energy Demonstration Act of 2017”, which is focused on establishing grant programs concerning the smart grid and its deployment-related technologies. These technologies comprise energy generation technologies, EVs and related supply equipment and systems, response and energy efficiency resources, as well as aggregations and integrated control systems, such as microgrids. Such initiatives by the government are expected to positively influence the deployment of smart grids, thus propelling the growth of the meter data management system market. The figure given below highlights the revenue share of Mexico in the North America meter data management system market in the forecast period:
Mexico Meter Data Management System Market Revenue and Forecasts to 2027 (US$ Mn)
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North America Meter Data Management System Market–Segmentation
North America Meter Data Management System Market By Offering
- Software
- Services
North America Meter Data Management System Market By Utility Type
- Gas
- Water
- Electricity
North America Meter Data Management System Market By Application
- Smart Grid
- Microgrid
- Energy Storage
- EV Charging
- Others
North America Meter Data Management System Market By End-User
- Residential
- Commercial
- Industrial
North America Meter Data Management System Market By Country
- US
- Canada
- Mexico
North America 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
US, Canada
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market segmentation
1.3.1 North America Meter data management system Market – By Offering
1.3.2 North America Meter data management system Market – By Utility Type
1.3.3 North America Meter data management system Market – By Application
1.3.4 North America Meter data management system Market – By End-user
1.3.5 North America 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. North America Meter Data Management System Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America – PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Meter Data Management System Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Increasing Cases of Electricity Theft has Increase the Demand for Smart Meters
5.1.2 Advanced Metering Infrastructure Technologies are Increasing the Demand of Meter Data Management Market
5.1.3 Meter Data Management Platform Offers A Platform For Building Service-Oriented Architectures (SOA) For Rapid Placement and Low-Cost Integration Of New Capabilities
5.2 Key Market Restraints
5.2.1 Deployment Of Meter Data Management Systems
5.2.2 Pressure from Utility Management Authorities
5.3 Key Market Opportunities
5.3.1 Rising Urbanization are Driving the Growth of Investment in Meter Data Management System
5.4 Future Trends
5.4.1 Analytics to Help the Government to Make a Decision for Future Smart Grid Development
5.5 Impact Analysis of Drivers and Restraints
6. Meter Data Management System Market – North America Market Analysis
6.1 North America Meter data management system
6.2 North America Meter data management system Market Forecast and Analysis
7. North America Meter Data Management System Market Analysis – By Offering
7.1 Overview
7.2 North America Meter Data Management System Market Breakdown, By Offering, 2018 & 2027
7.3 Software
7.3.1 Overview
7.3.2 North America Software Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 North America Services Market Revenue and Forecasts to 2027 (US$ Mn)
8. North America Meter Data Management System Market Analysis – By Utility Type
8.1 Overview
8.2 North America Meter Data Management System Market Breakdown, By Utility Type, 2018 & 2027
8.3 Gas
8.3.1 Overview
8.3.2 North America Gas Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Water
8.4.1 Overview
8.4.2 North America Water Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Electricity
8.5.1 Overview
8.5.2 North America Electricity Market Revenue and Forecasts to 2027 (US$ Mn)
9. North America Meter Data Management System Market Analysis – By Application
9.1 Overview
9.2 North America Meter Data Management System Market Breakdown, By Application, 2018 & 2027
9.3 Smart Grid
9.3.1 Overview
9.3.2 North America Smart Grid Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Microgrid
9.4.1 Overview
9.4.2 North America Microgrid Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Energy Storage
9.5.1 Overview
9.5.2 North America Energy Storage Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 EV Charging
9.6.1 Overview
9.6.2 North America EV Charging Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. North America Meter Data Management System Market Analysis – By End-User
10.1 Overview
10.2 North America Meter Data Management System Market Breakdown, By End-User, 2018 & 2027
10.3 Residential
10.3.1 Overview
10.3.2 North America Residential Market Revenue and Forecasts to 2027 (US$ Mn)
10.4 Commercial
10.4.1 Overview
10.4.2 North America Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
10.5 Industrial
10.5.1 Overview
10.5.2 North America Industrial Market Forecast and Analysis
11. North America Meter Data Management System Market– Country Analysis
11.1.1 North America Meter Data Management System Market Breakdown, By Country
11.1.1.1 US Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 US Meter data management system Market Breakdown, By Offering
11.1.1.1.2 US Meter data management system Market Breakdown, By Utility Type
11.1.1.1.3 US Meter data management system Market Breakdown, By Application
11.1.1.1.4 US Meter data management system Market Breakdown, By End user
11.1.1.2 Canada Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 Canada Meter data management system Market Breakdown, By Offering
11.1.1.2.2 Canada Meter data management system Market Breakdown, By Utility Type
11.1.1.2.3 Canada Meter data management system Market Breakdown, By Application
11.1.1.2.4 Canada Meter data management system Market Breakdown, By End user
11.1.1.3 Mexico Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 Mexico Meter data management system Market Breakdown, By Offering
11.1.1.3.2 Mexico Meter data management system Market Breakdown, By Utility Type
11.1.1.3.3 Mexico Meter data management system Market Breakdown, By Application
11.1.1.3.4 Mexico 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. North America Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 3. North America Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 4. North America Meter data management system Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 5. North America Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 6. US Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 7. US Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 8. US Meter data management system Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 9. US Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 10. Canada Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 11. Canada Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 12. Canada Meter data management system Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 13. Canada Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 14. Mexico Meter data management system Market, Revenue and Forecast to 2027 – By Offering (US$ Mn)
Table 15. Mexico Meter data management system Market, Revenue and Forecast to 2027 – By Utility Type (US$ Mn)
Table 16. Mexico Meter data management system Market, Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 17. Mexico Meter data management system Market, Revenue and Forecast to 2027 – By End user (US$ Mn)
Table 18. Glossary of Term: Meter data management system Market
LIST OF FIGURES
Figure 1. North America Meter Data Management System Market Segmentation
Figure 2. North America Meter Data Management System Market Segmentation - Geographic
Figure 3. North America Meter Data Management System Market, by Offering
Figure 4. North America Meter Data Management System Market, by Utility Type
Figure 5. North America Meter Data Management System Market Overview
Figure 6. North America Meter Data Management System Market, by Application
Figure 7. North America Meter Data Management System Market, by End-User
Figure 8. North America – PEST Analysis
Figure 9. Meter Data Management System Market Ecosystem Analysis
Figure 10. Meter Data Management System Market Expert Opinion
Figure 11. North America Meter Data Management System Market Impact Analysis of Drivers and Restraints
Figure 12. North America Meter data management system Market Forecast and Analysis (US$ Mn)
Figure 13. North America Meter Data Management System Market Breakdown, By Offering, 2018 & 2027 (%)
Figure 14. North America Software Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 15. North America Services Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 16. North America Meter Data Management System Market Breakdown, By Utility Type, 2018 & 2027 (%)
Figure 17. North America Gas Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 18. North America Water Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 19. North America Electricity Water Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 20. North America Meter Data Management System Market Breakdown, By Application, 2018 & 2027 (%)
Figure 21. North America Smart Grid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 22. North America Microgrid Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 23. North America Energy Storage Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 24. North America EV Charging Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 25. North America Others Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 26. North America Meter Data Management System Market Breakdown, By End-User, 2018 & 2027 (%)
Figure 27. North America Residential Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 28. North America Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 29. North America Industrial Market Revenue and Forecasts to 2027(US$ Mn)
Figure 30. North America Meter data management system Market Breakdown, By Country, 2018 & 2027(%)
Figure 31. US Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 32. Canada Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 33. Mexico Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
The List of Companies – North America 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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