Smart meter data management refers to long-term data storage and management of huge quantity of data delivered by various smart meters. In addition, it helps organizations to gather, store, and process all types of data to help organizations to deal with increase in volume of data and provides useful information for obtaining better insights. Furthermore, it enables organization to import the data, validate the data, and cleanse and process it before making it available for the various analysis and billing process. In addition, various systems associated with smart meter data management system includes meter-to-cash system, workforce management system, asset management, and other systems.
Growth in demand for smart meters across the U.S. to efficiently use energy sources and monitor energy consumptions drive the market growth. Further, supportive rules and regulations, as well as initiatives undertaken by the governing bodies of the nation, boost the demand for smart meter data management products. However, the high cost of these meters and management of high volume of data are expected to hamper the market growth. Nevertheless, increase in volume of meter data & high demand for predictive analysis and integration of advance technologies such as AI in smart meter data management are expected to offer considerable growth opportunities for the smart meter data management market.
The U.S. smart meter data managements market is segmented on the basis of component, deployment mode, application and region. By component, the market is bifurcated into software and services. The software segment is further segmented into meter data management system (MDMS), meter data analytics (MDA), and software communication. Services are further studied across consulting, project management, implementation & integration, and other support services. By deployment type, it is divided into cloud based and on-premise. Based on the application the market is bifurcated into electric, gas and water. By country, the market is analyzed across the U.S.
The key players profiled in the U.S. smart meter data management market analysis are Oracle Corporation, Arad Group, Trilliant Holdings, Inc., Elster Group GmbH, Itron, Siemens AG, Aclara Technologies LLC, Enoro, ElectSolve Technology Solutions & Services, Inc., and Landis+Gyr. These players have adopted various strategies to an increase their market penetration and strengthen their position in the industry.
Key Benefits for Stakeholders
Key Market Segments
By Component
By Deployment Mode
By Application
KEY MARKET PLAYERS
Growth in demand for smart meters across the U.S. to efficiently use energy sources and monitor energy consumptions drive the market growth. Further, supportive rules and regulations, as well as initiatives undertaken by the governing bodies of the nation, boost the demand for smart meter data management products. However, the high cost of these meters and management of high volume of data are expected to hamper the market growth. Nevertheless, increase in volume of meter data & high demand for predictive analysis and integration of advance technologies such as AI in smart meter data management are expected to offer considerable growth opportunities for the smart meter data management market.
The U.S. smart meter data managements market is segmented on the basis of component, deployment mode, application and region. By component, the market is bifurcated into software and services. The software segment is further segmented into meter data management system (MDMS), meter data analytics (MDA), and software communication. Services are further studied across consulting, project management, implementation & integration, and other support services. By deployment type, it is divided into cloud based and on-premise. Based on the application the market is bifurcated into electric, gas and water. By country, the market is analyzed across the U.S.
The key players profiled in the U.S. smart meter data management market analysis are Oracle Corporation, Arad Group, Trilliant Holdings, Inc., Elster Group GmbH, Itron, Siemens AG, Aclara Technologies LLC, Enoro, ElectSolve Technology Solutions & Services, Inc., and Landis+Gyr. These players have adopted various strategies to an increase their market penetration and strengthen their position in the industry.
Key Benefits for Stakeholders
- The study provides an in-depth analysis of the U.S. smart meter data management market forecast along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the U.S. smart meter data management market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the market industry for the period 2018–2026 is provided to determine the market potential.
Key Market Segments
By Component
- Software
- Meter Data Management System (MDMS)
- Meter Data Analytics (MDA)
- Software Communication
- Services
- Consulting
- Project Management
- Implementation and Integration
- Other Support Services
By Deployment Mode
- On-Premise
- Cloud
By Application
- Electric
- Gas
- Water
KEY MARKET PLAYERS
- Oracle Corporation
- Arad Group
- Trilliant Holdings, Inc.
- Elster Group GmbH
- Itron
- Siemens AG
- Aclara Technologies LLC
- Enoro
- ElectSolve Technology Solutions & Services, Inc.
- Landis+Gyr
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: U.S. Smart Meter Data Management Market, By Component
Chapter 5: U.S. Smart Meter Data Management Market, By Deployment Model
Chapter 6: U.S. Smart Meter Data Management Market, By Application
Chapter 7: Competitive Landscape
Chapter 8: Company Profile
Executive Summary
According to the report titled 'Smart Meter Data Management Market by Component, Deployment Mode, Application: U.S. Opportunity Analysis and Industry Forecast, 2019-2026', the U.S. market was valued at $0.176 billion in 2018, and the U.S. smart meter data management market forecast is projected to reach $556.94 million by 2026, growing at a CAGR of 15.54% from 2019 to 2026.Smart meters are next-generation metering devices that are used to obtain energy consumption feedbacks, monitor, manage, and send these feedbacks to the billing management system. The smart meter data management system gathers data from analog & smart meter, aggregates & validates the data, and calculates the billing determinants. Numerous benefits associated with smart meter data management include consolidation of large volume of data in one system, handling all the analog & interval data and similarly facilitating new customer offerings such as providing detail information about customer’s energy consumption.
Growth in demand for smart meters across the U.S. region to efficiently use energy sources and monitor energy consumptions drive the U.S smart meter data management market growth. Further, supportive rules and regulations for energy consumption, as well as initiatives undertaken by the governing bodies of the nation, boosts the demand for smart meter data management products. However, the high cost of these meters and management of high volumes of data can be concerning factors that impact the market development. Nevertheless, increase in volume of meter data and high demand for predictive analysis are expected to offer considerable growth opportunities for the smart meter data management market.
The electric gas meter segment is expected to garner significant share during the forecast period. The major factors driving the adoption of U.S. smart meter data management software in this sector include, increase in the demand for smart grids and energy across the U.S. and a surge in electric vehicle & grid integration majorly drive the market growth. However, the water meter sector is expected to grow at a highest rate during the forecast period, owing to an increase in government initiatives for installation of water meter data management across the U.S. to convert meter data into actionable insights.
According to Pramod Borasi, Research Analyst, ICT “Significant adoption of AI in smart meters has created lucrative opportunities for smart meter analytics in the U.S.”
Key findings of the study:
On the basis of component, the software segment led the U.S. smart meter data management market, in terms of revenue in 2018.
By deployment model, the on-premise accounted for the highest U.S. smart meter data management market share in 2018.
Depending on application, the electric gas segment is anticipated to exhibit substantial growth during the forecast period.
The key players profiled in the U.S. smart meter data management market analysis are Oracle Corporation, Arad Group, Trilliant Holdings, Inc., Elster Group GmbH, Itron, Siemens AG, Aclara Technologies LLC, Enoro, ElectSolve Technology Solutions & Services, Inc., and Landis+Gyr. These players have adopted various strategies to an increase their market penetration and strengthen their position in the industry.
Companies Mentioned
- Oracle Corporation
- Arad Group
- Trilliant Holdings Inc.
- Elster Group GmbH
- Itron
- Siemens AG
- Aclara Technologies LLC
- Enoro
- ElectSolve Technology Solutions & Services Inc.
- Landis+Gyr.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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