Europe Meter Data Management System Market
No. of Pages: 142 | Report Code: TIPRE00008597 | Category: Technology, Media and Telecommunications
No. of Pages: 142 | Report Code: TIPRE00008597 | Category: Technology, Media and Telecommunications
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:
Strategic insights for the Europe Meter Data Management System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 274.4 Million |
| Market Size by 2027 | US$ 961.8 Million |
| Global CAGR (2018 - 2027) | 14.6% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Offering
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe Meter Data Management System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The List of Companies - Europe Meter Data Management System Market
The Europe Meter Data Management System Market is valued at US$ 274.4 Million in 2018, it is projected to reach US$ 961.8 Million by 2027.
As per our report Europe Meter Data Management System Market, the market size is valued at US$ 274.4 Million in 2018, projecting it to reach US$ 961.8 Million by 2027. This translates to a CAGR of approximately 14.6% during the forecast period.
The Europe Meter Data Management System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Meter Data Management System Market report:
The Europe Meter Data Management System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Meter Data Management System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Meter Data Management System Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Europe Meter Data Management System Market
