Global Meter Data Management System Market Forecast to 2028

The Worldwide Meter Data Management System Market Report, distributed by Emergen Research, offers an industry-wide appraisal of the Meter Data Management System market, which is comprehensive of the most pivotal elements adding to the development of the business. The most recent examination report includes a broad investigation of the miniature and full scale monetary pointers that impact the worldwide market improvement during the conjecture time of 2021-2028

The global meter data management system market size is expected to reach USD 1,040.9 Million in 2028 at a steady CAGR, according to latest analysis by Emergen Research. Major factors driving market revenue growth are increasing need to detect energy theft, rising focus and investment by governments in meter data management solutions, increasing application of more advanced metering infrastructure, rapid installation of smart grids, and growing need to enhance energy usage and reduce energy wastage. Meter data management is a process of collecting and storing meter data generated from automated energy metering systems. These systems plays a crucial role in advanced metering infrastructure that allows bidirectional communication between meter and central management system.

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Meter data management solution includes meter deployment planning and management, automated smart meter provisioning, meter and network asset monitoring and management, meter-to-cash system, and workforce management system. Automated smart meter provisioning includes deletion, addition, and updating of meter data in utility and automatic meter reading systems. Meter data management system is widely used in commercial, industrial, and residential applications. Residential segment accounted for largest revenue share in the global market in 2020. This can be attributed to increasing application of smart meters in residential sector and increasing requirements to analyze power consumption

Research Report on the Meter Data Management System Market Addresses the Following Key Questions:

• Who are the dominant players of the Meter Data Management System market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Meter Data Management System market?
• What are the key growth drivers and restraining factors of the Meter Data Management System market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Meter Data Management System market and its key segments?

Market Overview:

The report bifurcates the Meter Data Management System market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Component Outlook (Revenue, USD Million; 2018–2028)

  • Software
  • Hardware

• Utility Outlook (Revenue, USD Million; 2018–2028)

  • Gas
  • Electricity
  • Water

• Application Outlook (Revenue: USD Million; 2018–2028)

  • Micro Grid
  • Smart Grid
  • Electric Vehicle (EV) Charging
  • Energy Storage

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Regional Landscape section of the Meter Data Management System report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Some Key Highlights from the Report

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Meter Data Management System market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Itron, Siemens, Landis+Gyr, Honeywell, Schneider Electric, ABB, Eaton, Kamstrup, DIEHL, and Alcara

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