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Global Smart Meter Data Management Market Size, Share & Industry Trends Analysis Report By Component, By Application, By Deployment Mode, By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 201 Pages
  • April 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5600681

The Global Smart Meter Data Management Market size is expected to reach $3.2 billion by 2028, rising at a market growth of 17.5% CAGR during the forecast period.

Smart meter data management is a kind of software that validates, stores, and makes pre-processed meter data available to business applications upstream. Also, smart meters are utilized by a variety of major suppliers for a variety of objectives, including assisting businesses with revenue management by increasing meter and billing quality, giving correct bills to end users, and assisting consumers with energy saving. Detecting energy theft, estimating meter readings, and improving overall energy efficiency are all advantages of the smart meter management system over the old metering system.

The process of collecting, storing, and managing enormous amounts of data from various smart metering devices, such as water meters and gas meters, can be performed with smart meter data management. Moreover, it assists organizations in gathering, storing, and processing various forms of data in order to assist enterprises in dealing with the growing number of data and gives important information for gaining superior insights. Smart meter data management software also minimizes human errors and offers real-time data on smart meters. Furthermore, this software includes modules such as a meter-to-cash system, a labour management system, asset management, and other tools that assist enterprises in managing massive quantities of smart meter information efficiently and rapidly.

Some of the growth factors for the industry are the necessity for grid stability and outage management, severe government regulations and legislative mandates for smart metering infrastructure around the world. Additionally, a number of legislative measures mandate the metering of energy and water resources. These laws also establish rules and standards for the design of building systems, as well as assuring energy efficiency and sustainability. For example, Entergy Corporations, a US-based utility, chose OMNETRIC Group, a Siemens Company, to provide services such as meter data to help the utility enhance its billing processes in January 2017. Many other utilities across the world are also working to improve their billing operations by implementing proper meter data management systems.


Regional Outlook


Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2021, the APAC emerged as the dominating region in the overall Smart Meter Data Management Market. The growth of the regional market is owing to the availability of next-generation metering infrastructure for ambitious smart grid system installations and an increase in smart meter installation across the region. Furthermore, the increased implementation of smart meters across various industries, such as manufacturing, automotive, and energy & utility, to improve energy consumption and enable proper energy usage during epidemic situations, is propelling the market in this region forward.


Smart Meter Data Management Market Competition Analysis

  • May-2021: Itron formed a partnership with Microsoft, an American multinational technology corporation. Through this partnership, the companies aimed to advance highly ascendable cloud-based meter data management services to assist utilities completely using data obtained from AMI and expand smart meter use cases.
  • Jul-2020: Trilliant came into a partnership with Grid4C, a producer of AI and Machine Learning solutions. Through this partnership, Grid4C is expected to improve Trilliant's capabilities to deliver precise, real-time data and analytics to consumers. Additionally, Grid4C's AI technology uplifts solutions to the next level, allowing Trilliant to provide an even deeper level of consumer service to our various credible partners.
  • Jan-2020: Honeywell came into a partnership with Verizon, an American wireless network operator. Through this partnership, Verizon's Managed Connectivity LTE is expected to combine Honeywell Internet of Things sensors to generate a smarter energy grid. Additionally, the project's focus is to speed up and simplify the launch of controllers, sensors, and various internet-connected hardware on electrical grids.

Product Launches and Product Expansions

  • Feb-2022: ABB India introduced new series of power monitoring and electrical measuring meters. The meters is expected to allow consumers to make a better decision to surveillance their power utilization. Moreover, the meters is expected to guarantee basic to complete power quality accurately and analysis monitor the energy benefit for industrial, residential, and commercial building segments. 
  • Nov-2021: Siemens introduced EnergyIP, focusing on improved consumer experience. The smart meter data analogize all applicable data on one screen, making it accessible to understand and identify interaction and root causes through immersive shortcuts and visualizations. Additionally, energy Mosaic software is perceptive and capable with noticeably lesser clicks, which leads to task time detection by up to 85 per cent. 
  • Feb-2021: Honeywell unveiled the Honeywell E-Mon Class 6000 product range, a new era of multi-protocol-capable energy. The meters assist building landowners with better surveillance, measuring and controlling energy use throughout a building in an easy installation and operation form. Moreover, with The perceptive E-Mon app, consumers can rapidly instruct the meters and feel confident in its dependable everyday operation.   
  • Dec-2020: Trilliant introduced Libra series edge-ready smart electric meter for commercial, residential and industrial applications. The Libra series is expected to allow consumers to use the advantages of the Libra series edge-ready smart electric meter regardless of the networking technology currently have in place, enabling utility suppliers to modernize current systems seamlessly, significantly minimizing both price and risk.

Acquisitions and Mergers

  • Oct-2021: Itron completed the acquisition of Smart Efficient Lighting Control, a market leader in the smart lighting controls enterprise. Through this acquisition, the companies aimed to add SELC's products to its solution offering, Itron vertically blend its smart city portfolio, growing Itron's leadership as an end-to-end smart city solution supplier. Additionally, SELC allows Itron to construct on authorized smart cities leadership by expanding the abilities of smart city platforms.

Scope of the Study


Market Segments Covered in the Report:


By Component

  • Software
  • Services

By Application

  • Electric Meters
  • Gas Meters
  • Water Meters

By Deployment Mode

  • On-premise
  • Cloud

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • Oracle Corporation
  • Trilliant Holdings, Inc.
  • Itron, Inc.
  • Arad Group
  • Siemens AG
  • ABB Group
  • Honeywell International, Inc.
  • Eaton Corporation PLC
  • Aclara Technologies LLC. (Hubbell Incorporated)
  • Hansen Technologies, Ltd.

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Smart Meter Data Management Market, by Component
1.4.2 Global Smart Meter Data Management Market, by Application
1.4.3 Global Smart Meter Data Management Market, by Deployment Mode
1.4.4 Global Smart Meter Data Management Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan - 2022, Mar) Leading Players
Chapter 4. Global Smart Meter Data Management Market by Component
4.1 Global Software Market by Region
4.2 Global Services Market by Region
Chapter 5. Global Smart Meter Data Management Market by Application
5.1 Global Electric Meters Market by Region
5.2 Global Gas Meters Market by Region
5.3 Global Water Meters Market by Region
Chapter 6. Global Smart Meter Data Management Market by Deployment Mode
6.1 Global On-premise Market by Region
6.2 Global Cloud Market by Region
Chapter 7. Global Smart Meter Data Management Market by Region
7.1 North America Smart Meter Data Management Market
7.1.1 North America Smart Meter Data Management Market by Component
7.1.1.1 North America Software Market by Country
7.1.1.2 North America Services Market by Country
7.1.2 North America Smart Meter Data Management Market by Application
7.1.2.1 North America Electric Meters Market by Country
7.1.2.2 North America Gas Meters Market by Country
7.1.2.3 North America Water Meters Market by Country
7.1.3 North America Smart Meter Data Management Market by Deployment Mode
7.1.3.1 North America On-premise Market by Country
7.1.3.2 North America Cloud Market by Country
7.1.4 North America Smart Meter Data Management Market by Country
7.1.4.1 US Smart Meter Data Management Market
7.1.4.1.1 US Smart Meter Data Management Market by Component
7.1.4.1.2 US Smart Meter Data Management Market by Application
7.1.4.1.3 US Smart Meter Data Management Market by Deployment Mode
7.1.4.2 Canada Smart Meter Data Management Market
7.1.4.2.1 Canada Smart Meter Data Management Market by Component
7.1.4.2.2 Canada Smart Meter Data Management Market by Application
7.1.4.2.3 Canada Smart Meter Data Management Market by Deployment Mode
7.1.4.3 Mexico Smart Meter Data Management Market
7.1.4.3.1 Mexico Smart Meter Data Management Market by Component
7.1.4.3.2 Mexico Smart Meter Data Management Market by Application
7.1.4.3.3 Mexico Smart Meter Data Management Market by Deployment Mode
7.1.4.4 Rest of North America Smart Meter Data Management Market
7.1.4.4.1 Rest of North America Smart Meter Data Management Market by Component
7.1.4.4.2 Rest of North America Smart Meter Data Management Market by Application
7.1.4.4.3 Rest of North America Smart Meter Data Management Market by Deployment Mode
7.2 Europe Smart Meter Data Management Market
7.2.1 Europe Smart Meter Data Management Market by Component
7.2.1.1 Europe Software Market by Country
7.2.1.2 Europe Services Market by Country
7.2.2 Europe Smart Meter Data Management Market by Application
7.2.2.1 Europe Electric Meters Market by Country
7.2.2.2 Europe Gas Meters Market by Country
7.2.2.3 Europe Water Meters Market by Country
7.2.3 Europe Smart Meter Data Management Market by Deployment Mode
7.2.3.1 Europe On-premise Market by Country
7.2.3.2 Europe Cloud Market by Country
7.2.4 Europe Smart Meter Data Management Market by Country
7.2.4.1 Germany Smart Meter Data Management Market
7.2.4.1.1 Germany Smart Meter Data Management Market by Component
7.2.4.1.2 Germany Smart Meter Data Management Market by Application
7.2.4.1.3 Germany Smart Meter Data Management Market by Deployment Mode
7.2.4.2 UK Smart Meter Data Management Market
7.2.4.2.1 UK Smart Meter Data Management Market by Component
7.2.4.2.2 UK Smart Meter Data Management Market by Application
7.2.4.2.3 UK Smart Meter Data Management Market by Deployment Mode
7.2.4.3 France Smart Meter Data Management Market
7.2.4.3.1 France Smart Meter Data Management Market by Component
7.2.4.3.2 France Smart Meter Data Management Market by Application
7.2.4.3.3 France Smart Meter Data Management Market by Deployment Mode
7.2.4.4 Russia Smart Meter Data Management Market
7.2.4.4.1 Russia Smart Meter Data Management Market by Component
7.2.4.4.2 Russia Smart Meter Data Management Market by Application
7.2.4.4.3 Russia Smart Meter Data Management Market by Deployment Mode
7.2.4.5 Spain Smart Meter Data Management Market
7.2.4.5.1 Spain Smart Meter Data Management Market by Component
7.2.4.5.2 Spain Smart Meter Data Management Market by Application
7.2.4.5.3 Spain Smart Meter Data Management Market by Deployment Mode
7.2.4.6 Italy Smart Meter Data Management Market
7.2.4.6.1 Italy Smart Meter Data Management Market by Component
7.2.4.6.2 Italy Smart Meter Data Management Market by Application
7.2.4.6.3 Italy Smart Meter Data Management Market by Deployment Mode
7.2.4.7 Rest of Europe Smart Meter Data Management Market
7.2.4.7.1 Rest of Europe Smart Meter Data Management Market by Component
7.2.4.7.2 Rest of Europe Smart Meter Data Management Market by Application
7.2.4.7.3 Rest of Europe Smart Meter Data Management Market by Deployment Mode
7.3 Asia Pacific Smart Meter Data Management Market
7.3.1 Asia Pacific Smart Meter Data Management Market by Component
7.3.1.1 Asia Pacific Software Market by Country
7.3.1.2 Asia Pacific Services Market by Country
7.3.2 Asia Pacific Smart Meter Data Management Market by Application
7.3.2.1 Asia Pacific Electric Meters Market by Country
7.3.2.2 Asia Pacific Gas Meters Market by Country
7.3.2.3 Asia Pacific Water Meters Market by Country
7.3.3 Asia Pacific Smart Meter Data Management Market by Deployment Mode
7.3.3.1 Asia Pacific On-premise Market by Country
7.3.3.2 Asia Pacific Cloud Market by Country
7.3.4 Asia Pacific Smart Meter Data Management Market by Country
7.3.4.1 China Smart Meter Data Management Market
7.3.4.1.1 China Smart Meter Data Management Market by Component
7.3.4.1.2 China Smart Meter Data Management Market by Application
7.3.4.1.3 China Smart Meter Data Management Market by Deployment Mode
7.3.4.2 Japan Smart Meter Data Management Market
7.3.4.2.1 Japan Smart Meter Data Management Market by Component
7.3.4.2.2 Japan Smart Meter Data Management Market by Application
7.3.4.2.3 Japan Smart Meter Data Management Market by Deployment Mode
7.3.4.3 India Smart Meter Data Management Market
7.3.4.3.1 India Smart Meter Data Management Market by Component
7.3.4.3.2 India Smart Meter Data Management Market by Application
7.3.4.3.3 India Smart Meter Data Management Market by Deployment Mode
7.3.4.4 South Korea Smart Meter Data Management Market
7.3.4.4.1 South Korea Smart Meter Data Management Market by Component
7.3.4.4.2 South Korea Smart Meter Data Management Market by Application
7.3.4.4.3 South Korea Smart Meter Data Management Market by Deployment Mode
7.3.4.5 Singapore Smart Meter Data Management Market
7.3.4.5.1 Singapore Smart Meter Data Management Market by Component
7.3.4.5.2 Singapore Smart Meter Data Management Market by Application
7.3.4.5.3 Singapore Smart Meter Data Management Market by Deployment Mode
7.3.4.6 Malaysia Smart Meter Data Management Market
7.3.4.6.1 Malaysia Smart Meter Data Management Market by Component
7.3.4.6.2 Malaysia Smart Meter Data Management Market by Application
7.3.4.6.3 Malaysia Smart Meter Data Management Market by Deployment Mode
7.3.4.7 Rest of Asia Pacific Smart Meter Data Management Market
7.3.4.7.1 Rest of Asia Pacific Smart Meter Data Management Market by Component
7.3.4.7.2 Rest of Asia Pacific Smart Meter Data Management Market by Application
7.3.4.7.3 Rest of Asia Pacific Smart Meter Data Management Market by Deployment Mode
7.4 LAMEA Smart Meter Data Management Market
7.4.1 LAMEA Smart Meter Data Management Market by Component
7.4.1.1 LAMEA Software Market by Country
7.4.1.2 LAMEA Services Market by Country
7.4.2 LAMEA Smart Meter Data Management Market by Application
7.4.2.1 LAMEA Electric Meters Market by Country
7.4.2.2 LAMEA Gas Meters Market by Country
7.4.2.3 LAMEA Water Meters Market by Country
7.4.3 LAMEA Smart Meter Data Management Market by Deployment Mode
7.4.3.1 LAMEA On-premise Market by Country
7.4.3.2 LAMEA Cloud Market by Country
7.4.4 LAMEA Smart Meter Data Management Market by Country
7.4.4.1 Brazil Smart Meter Data Management Market
7.4.4.1.1 Brazil Smart Meter Data Management Market by Component
7.4.4.1.2 Brazil Smart Meter Data Management Market by Application
7.4.4.1.3 Brazil Smart Meter Data Management Market by Deployment Mode
7.4.4.2 Argentina Smart Meter Data Management Market
7.4.4.2.1 Argentina Smart Meter Data Management Market by Component
7.4.4.2.2 Argentina Smart Meter Data Management Market by Application
7.4.4.2.3 Argentina Smart Meter Data Management Market by Deployment Mode
7.4.4.3 UAE Smart Meter Data Management Market
7.4.4.3.1 UAE Smart Meter Data Management Market by Component
7.4.4.3.2 UAE Smart Meter Data Management Market by Application
7.4.4.3.3 UAE Smart Meter Data Management Market by Deployment Mode
7.4.4.4 Saudi Arabia Smart Meter Data Management Market
7.4.4.4.1 Saudi Arabia Smart Meter Data Management Market by Component
7.4.4.4.2 Saudi Arabia Smart Meter Data Management Market by Application
7.4.4.4.3 Saudi Arabia Smart Meter Data Management Market by Deployment Mode
7.4.4.5 South Africa Smart Meter Data Management Market
7.4.4.5.1 South Africa Smart Meter Data Management Market by Component
7.4.4.5.2 South Africa Smart Meter Data Management Market by Application
7.4.4.5.3 South Africa Smart Meter Data Management Market by Deployment Mode
7.4.4.6 Nigeria Smart Meter Data Management Market
7.4.4.6.1 Nigeria Smart Meter Data Management Market by Component
7.4.4.6.2 Nigeria Smart Meter Data Management Market by Application
7.4.4.6.3 Nigeria Smart Meter Data Management Market by Deployment Mode
7.4.4.7 Rest of LAMEA Smart Meter Data Management Market
7.4.4.7.1 Rest of LAMEA Smart Meter Data Management Market by Component
7.4.4.7.2 Rest of LAMEA Smart Meter Data Management Market by Application
7.4.4.7.3 Rest of LAMEA Smart Meter Data Management Market by Deployment Mode
Chapter 8. Company Profiles
8.1 Oracle Corporation
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.1 SWOT Analysis
8.2 Trilliant Holdings, Inc.
8.2.1 Company Overview
8.2.2 Recent strategies and developments:
8.2.2.1 Partnerships, Collaborations, and Agreements:
8.2.2.2 Product Launches and Product Expansions:
8.3 Itron, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Acquisition and Mergers:
8.4 Arad Group
8.4.1 Company Overview
8.5 Siemens AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.6 ABB Group
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Product Launches and Product Expansions:
8.7 Honeywell International, Inc.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional & Segmental Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.5.2 Product Launches and Product Expansions:
8.8 Eaton Corporation PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Research & Development Expense
8.9 Aclara Technologies LLC. (Hubbell Incorporated)
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.10. Hansen Technologies, Ltd.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses

Companies Mentioned

  • Oracle Corporation
  • Trilliant Holdings, Inc.
  • Itron, Inc.
  • Arad Group
  • Siemens AG
  • ABB Group
  • Honeywell International, Inc.
  • Eaton Corporation PLC
  • Aclara Technologies LLC. (Hubbell Incorporated)
  • Hansen Technologies, Ltd.

Methodology

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