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)
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
North America Meter Data Management System Market Strategic Insights
North America Meter Data Management System Market Report Highlights
| Report Attribute | Details |
| Market size in 2017 | US$ 346.6 Million |
| Market Size by 2027 | US$ 1077.4 Million |
| CAGR (2017 - 2027) | 13.1% |
| Historical Data | 2015-2016 |
| Forecast period | 2018-2027 |
| Segments Covered |
By Offering
|
|
Regions and Countries Covered
|
|
| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
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North America Meter Data Management System Market Country and Regional Insights
