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.
Key Topics Covered:
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
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
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
