Market Overview:
The global smart meter data management market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy efficiency and the need for better grid management. The market is segmented on the basis of type, application, and region. On the basis of type, it is divided into software and services. Software dominates this market with a share of more than 60%. Services are expected to grow at a higher rate during the forecast period as they provide added value such as consultancy, integration, deployment, and support & maintenance services. By application, public infrastructure accounts for majority of the share in this market followed by energy development and power generation segments respectively.
Product Definition:
Smart Meter Data Management is the process of managing and organizing data collected from smart meters. This data can be used to help utilities better understand energy usage, detect abnormalities, and improve customer service.
Softwares:
The global softwares market is expected to witness significant growth over the forecast period. The major drivers for this market are increasing penetration of smart meters and growing need for efficient data management tools in order to extract value from the ever-increasing volumes of smart meter data. Additionally, rising demand for cloud computing services and mobile devices is also expected to fuel industry growth over the next few years.
Services:
Smart Meter Data Management services are used to collect and store the smart meter data for future analysis. The service is provided by companies that manufacture smart meters along with a software application which is pre-installed in the smart meters. These applications allow easy collection of energy usage data, and at the same time it provides an option to manage this data from remote locations using internet connectivity.
Application Insights:
The public infrastructure application segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to growing demand for meters from various government agencies, utilities, and other organizations that require real-time meter data for billing purposes or regulatory compliance. Moreover, increasing penetration of smart meters across public infrastructure such as water & electricity boards will drive the market growth further.
The power generation application segment is expected to register a notable CAGR over the forecast period owing to rising need for monitoring and controlling energy production & consumption at each stage of power plant operations (generation, transmission & distribution). In addition, growing investments in renewable energy sources such as solar PV panels are anticipated to augment industry growth further.
Regional Analysis:
North America is expected to dominate the global market over the forecast period. The growth can be attributed to increasing demand for smart grid solutions in countries, such as U.S., and Canada. Moreover, growing penetration of renewable energy generation sources is also anticipated to drive the regional market further. Europe accounted for a significant share in 2016 owing to early adoption of advanced technologies across various sectors including power generation and others.
Growth Factors:
- Increasing demand for smart meters: The global market for smart meters is expected to grow at a CAGR of more than 15% from 2016 to 2020. This is primarily due to the increasing demand for energy efficiency and the need to reduce greenhouse gas emissions. Smart meter data management solutions can help utilities manage and optimize their operations by providing real-time insights into energy consumption patterns.
- Proliferation of IoT devices: The number of connected devices is expected to exceed 50 billion by 2020, driven by the growth of the IoT market. This will create a huge volume of data that needs to be processed and analyzed in order to extract actionable insights. Smart meter data management solutions are well-equipped to handle this challenge and can provide valuable insights into consumer behavior, energy usage patterns, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Meter Data Management Market Research Report
By Type
Softwares, Services
By Application
Public Infrastructure, Energy Development, Power Generation, Others
By Companies
Oracle Corporation, Arad Group, Trilliant Holdings, Elster Group GmbH, Itron, Siemens AG, Aclara Technologies, Enoro, ElectSolve Technology Solutions and Services, Landis Gyr
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Smart Meter Data Management Market Report Segments:
The global Smart Meter Data Management market is segmented on the basis of:
Types
Softwares, Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Public Infrastructure, Energy Development, Power Generation, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle Corporation
- Arad Group
- Trilliant Holdings
- Elster Group GmbH
- Itron
- Siemens AG
- Aclara Technologies
- Enoro
- ElectSolve Technology Solutions and Services
- Landis Gyr
Highlights of The Smart Meter Data Management Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Softwares
- Services
- By Application:
- Public Infrastructure
- Energy Development
- Power Generation
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Smart Meter Data Management Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Smart Meter Data Management is the process of managing data collected by smart meters. This includes collecting, storing, and analyzing data to improve energy efficiency and customer service.
Some of the major companies in the smart meter data management market are Oracle Corporation, Arad Group, Trilliant Holdings, Elster Group GmbH, Itron, Siemens AG, Aclara Technologies, Enoro, ElectSolve Technology Solutions and Services, Landis Gyr.
The smart meter data management market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Meter Data Management Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Smart Meter Data Management Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Meter Data Management Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Smart Meter Data Management Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Smart Meter Data Management Market Size & Forecast, 2018-2028
4.5.1 Smart Meter Data Management Market Size and Y-o-Y Growth
4.5.2 Smart Meter Data Management Market Absolute $ Opportunity
Chapter 5 Global Smart Meter Data Management Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Smart Meter Data Management Market Size Forecast by Type
5.2.1 Softwares
5.2.2 Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Smart Meter Data Management Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Smart Meter Data Management Market Size Forecast by Applications
6.2.1 Public Infrastructure
6.2.2 Energy Development
6.2.3 Power Generation
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Meter Data Management Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Smart Meter Data Management Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Smart Meter Data Management Analysis and Forecast
9.1 Introduction
9.2 North America Smart Meter Data Management Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Smart Meter Data Management Market Size Forecast by Type
9.6.1 Softwares
9.6.2 Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Smart Meter Data Management Market Size Forecast by Applications
9.10.1 Public Infrastructure
9.10.2 Energy Development
9.10.3 Power Generation
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Smart Meter Data Management Analysis and Forecast
10.1 Introduction
10.2 Europe Smart Meter Data Management Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Smart Meter Data Management Market Size Forecast by Type
10.6.1 Softwares
10.6.2 Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Smart Meter Data Management Market Size Forecast by Applications
10.10.1 Public Infrastructure
10.10.2 Energy Development
10.10.3 Power Generation
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Smart Meter Data Management Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Smart Meter Data Management Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Smart Meter Data Management Market Size Forecast by Type
11.6.1 Softwares
11.6.2 Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Smart Meter Data Management Market Size Forecast by Applications
11.10.1 Public Infrastructure
11.10.2 Energy Development
11.10.3 Power Generation
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Smart Meter Data Management Analysis and Forecast
12.1 Introduction
12.2 Latin America Smart Meter Data Management Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Smart Meter Data Management Market Size Forecast by Type
12.6.1 Softwares
12.6.2 Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Smart Meter Data Management Market Size Forecast by Applications
12.10.1 Public Infrastructure
12.10.2 Energy Development
12.10.3 Power Generation
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Smart Meter Data Management Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Smart Meter Data Management Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Smart Meter Data Management Market Size Forecast by Type
13.6.1 Softwares
13.6.2 Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Smart Meter Data Management Market Size Forecast by Applications
13.10.1 Public Infrastructure
13.10.2 Energy Development
13.10.3 Power Generation
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Smart Meter Data Management Market: Competitive Dashboard
14.2 Global Smart Meter Data Management Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle Corporation
14.3.2 Arad Group
14.3.3 Trilliant Holdings
14.3.4 Elster Group GmbH
14.3.5 Itron
14.3.6 Siemens AG
14.3.7 Aclara Technologies
14.3.8 Enoro
14.3.9 ElectSolve Technology Solutions and Services
14.3.10 Landis Gyr
