The latest report, titled ‘Global Meter Data Management System Market’, published by Emergen and Research, is anticipated to witness a substantial growth rate over the forecast period of 2021-2028, at an impressive CAGR of 20.2%. The market intelligence report offers a complete overview of the Meter Data Management System market, with minute details on the competitive landscape and the profiles of the key companies operating in the business.
The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the Meter Data Management System market. The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years.
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The report covers in-depth profiling of the prominent players of the industry and includes Itron, Siemens, Landis+Gyr, Honeywell, Schneider Electric, ABB, Eaton, Kamstrup, DIEHL, and Alcara.Furthermore, it offers a detailed analysis of the competitive landscape of the market with massive data on recent trends, technological developments, product advancements, methodologies, and strategic business decisions such as mergers and acquisitions, joint ventures, collaborations, and product launches, among others.
Global Meter Data Management System Market Segmentation
Emergen Research has segmented the global meter data management system market based on component, utility, application, end use, and region:
Component Outlook (Revenue, USD Million; 2018–2028)
Utility Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue: USD Million; 2018–2028)
- Micro Grid
- Smart Grid
- EV Charging
- Energy Storage
End Use Outlook (Revenue: USD Million; 2018–2028)
- Commercial Industrial
Some Key Highlights from the Report
- In July 2021, CrescoNet acquired Smart Earth Technologies. This acquisition will help CrescoNet to expand its water utility product portfolio by adding product line of Smart Earth Technologies that includes integrated, battery-operated, cellular endpoint transceivers, valves, installation tools, LTE infrastructure, and cloud software for meter data management, and customer information systems.
- Software segment is expected to register faster CAGR over the forecast period. This can be attributed to rising adoption of smart meters and increasing need for more accurate and efficient energy monitoring and management, format, and process for meter data for accurate billing.
- Asia Pacific is expected to register fastest revenue CAGR throughout the forecast period. Increasing urbanization, increasing number of SMEs, and rising adoption of smart grid networks are key factors propelling revenue growth of the market in this region.
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Key Benefits of Buying the Global Meter Data Management System Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Meter Data Management System Market
- Helps in understanding the key product segments and their estimated growth rate
Furthermore, the report covers a comprehensive overview of the key regions and market segmentation into types and applications. The regional analysis of the global Meter Data Management System market considers key geographical regions of the world to study different aspects of the market. The market is segmented into key regions such as North America, Latin America, Europe, Asia Pacific, and Middle East Africa.
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