Analysis and Forecasts by Offering (Software and Services); Utility Type (Gas, Water, and Electricity); Application (Smart grid, Microgrid, Energy Storage, EV Charging, and Others); End - User (Residential, Commercial, and Industrial)
No. of Pages:142
Report Code:
TIPRE00008598
Category:
Technology, Media and Telecommunications
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
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North America Meter Data Management System Market Segmentation Analysis
North America Meter Data Management System Market Report Highlights
North America Meter Data Management System Report Scope
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
Software
Services
By Utility Type
Gas
Water
Electricity
By Application
Smart grid
Microgrid
Energy Storage
EV Charging
By End-User
Residential
Commercial
Industrial
Regions and Countries Covered
North America
US, Canada, Mexico
Market leaders and key company profiles
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
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North America Meter Data Management System Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the North America Meter Data Management System Market?
The North America Meter Data Management System Market is valued at US$ 346.6 Million in 2017, it is projected to reach US$ 1077.4 Million by 2027.
What is the CAGR for North America Meter Data Management System Market by (2017 - 2027)?
As per our report North America Meter Data Management System Market, the market size is valued at US$ 346.6 Million in 2017, projecting it to reach US$ 1077.4 Million by 2027. This translates to a CAGR of approximately 13.1% during the forecast period.
What segments are covered in this report?
The North America Meter Data Management System Market report typically cover these key segments-
Offering (Software, Services)
Utility Type (Gas, Water, Electricity)
Application (Smart grid, Microgrid, Energy Storage, EV Charging)
End-User (Residential, Commercial, Industrial)
What is the historic period, base year, and forecast period taken for North America Meter Data Management System Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Meter Data Management System Market report:
Historic Period : 2015-2016
Base Year : 2017
Forecast Period : 2018-2027
Who are the major players in North America Meter Data Management System Market?
The North America Meter Data Management System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
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
Who should buy this report?
The North America Meter Data Management System Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the North America Meter Data Management System Market value chain can benefit from the information contained in a comprehensive market report.
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