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Report
Meter Data Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 141 Pages I IMARC Group
Market Overview:
The global meter data management system market size reached US$ 235.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 673.1 Million by 2028, exhibiting a growth rate (CAGR) of 18.7% during 2023-2028.
A meter data management system (MDMS) refers to a software-based application that is used to collect readings from automated metering devices. It acts as a crucial component of the advanced metering infrastructure (AMI) that enables bidirectional communication between the meter and central management system. The system primarily includes smart meters that measure gas, electricity and water consumption, along with devices to import, validate and process data before it is used for analysis and final billing. In comparison to the traditionally used systems, MDMS enables the user to consolidate all consumption data under a single structure and manage both analog and interval data to optimize business processes.
The global market is primarily driven by the increasing deployment of smart grids, along with rapid urbanization across the globe. There is growing consumer demand, especially in the residential sector, for efficient data monitoring systems to manage the overall energy consumption and effectively track their utility bills. Furthermore, widespread adoption of advanced metering technologies for power outage management and enhancing grid reliability, are also providing a boost to the market growth. MDM systems can detect power outages and provide users with real-time updates based on their energy consumption. Additionally, the modernization of aging power infrastructure, especially in the developing economies, is creating a positive impact on the market growth. Other factors, including the integration of advanced metering systems with the cloud computing systems and Internet-of-Things (IoT), along with extensive research and development (R&D) activities, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global meter data management system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component type, utility type, application, deployment type and end-user.
Breakup by Component Type:
Hardware
Software and Services
Breakup by Utility Type:
Electricity
Gas
Water
Breakup by Application:
Smart Grid
Microgrid
Energy Storage
EV Charging
Others
Breakup by Deployment Type:
Cloud-based
On-premises
Breakup by End-User:
Residential
Commercial
Industrial
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ABB Ltd., Aclara Technologies LLC, Arad Group, Diehl Stiftung & Co. KG, Eaton Corporation Inc., Elster Group GmbH, Honeywell International Inc., Itron Inc., Kamstrup, Landis+Gyr, Oracle Corporation, Schneider Electric, Siemens, Trilliant Holdings Inc., etc.
Key Questions Answered in This Report:
How has the global meter data management system market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global meter data management system market?
What is the breakup of the market based on the component type?
What is the breakup of the market based on the utility type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the deployment type?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global meter data management system market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Meter Data Management System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component Type
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software and Services
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Utility Type
7.1 Electricity
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Gas
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Water
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Smart Grid
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Microgrid
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Energy Storage
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 EV Charging
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Deployment Type
9.1 Cloud-based
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 On-premises
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by End-User
10.1 Residential
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Industrial
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Indicators
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 ABB Ltd.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.1.4 SWOT Analysis
16.3.2 Aclara Technologies LLC
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 SWOT Analysis
16.3.3 Arad Group
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.4 Diehl Stiftung & Co. KG
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.5 Eaton Corporation Inc.
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Elster Group GmbH
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Honeywell International Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Itron Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Kamstrup
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 Landis+Gyr
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 SWOT Analysis
16.3.11 Oracle Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Schneider Electric
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.13 Siemens
16.3.13.1 Company Overview
16.3.13.2 Product Portfolio
16.3.13.3 Financials
16.3.13.4 SWOT Analysis
16.3.14 Trilliant Holdings Inc.
16.3.14.1 Company Overview
16.3.14.2 Product Portfolio
Figure 1: Global: Meter Data Management System Market: Major Drivers and Challenges
Figure 2: Global: Meter Data Management System Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Meter Data Management System Market: Breakup by Component Type (in %), 2022
Figure 4: Global: Meter Data Management System Market: Breakup by Utility Type (in %), 2022
Figure 5: Global: Meter Data Management System Market: Breakup by Application (in %), 2022
Figure 6: Global: Meter Data Management System Market: Breakup by Deployment Type (in %), 2022
Figure 7: Global: Meter Data Management System Market: Breakup by End-User (in %), 2022
Figure 8: Global: Meter Data Management System Market: Breakup by Region (in %), 2022
Figure 9: Global: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Meter Data Management System (Hardware) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Meter Data Management System (Hardware) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Meter Data Management System (Software and Services) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Meter Data Management System (Software and Services) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Meter Data Management System (Electricity) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Meter Data Management System (Electricity) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Meter Data Management System (Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Meter Data Management System (Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Meter Data Management System (Water) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Meter Data Management System (Water) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Meter Data Management System (Smart Grid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Meter Data Management System (Smart Grid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Meter Data Management System (Microgrid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Meter Data Management System (Microgrid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Meter Data Management System (Energy Storage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Meter Data Management System (Energy Storage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Meter Data Management System (EV Charging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Meter Data Management System (EV Charging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Meter Data Management System (Others) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Meter Data Management System (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Meter Data Management System (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Meter Data Management System (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Meter Data Management System (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Meter Data Management System (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Meter Data Management System (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Meter Data Management System (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Meter Data Management System (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Meter Data Management System (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Meter Data Management System (Industrial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Meter Data Management System (Industrial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: North America: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: North America: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: United States: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: United States: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Canada: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Canada: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Asia Pacific: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Asia Pacific: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: China: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: China: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Japan: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Japan: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: India: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: India: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: South Korea: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: South Korea: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Australia: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Australia: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Indonesia: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Indonesia: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Europe: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Europe: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Germany: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Germany: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: France: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: France: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: United Kingdom: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: United Kingdom: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Italy: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Italy: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Spain: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Spain: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Russia: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Russia: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Latin America: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Latin America: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Brazil: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Brazil: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Mexico: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Mexico: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Others: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Others: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Middle East and Africa: Meter Data Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Middle East and Africa: Meter Data Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Global: Meter Data Management System Industry: SWOT Analysis
Figure 89: Global: Meter Data Management System Industry: Value Chain Analysis
Figure 90: Global: Meter Data Management System Industry: Porters Five Forces Analysis
Table 1: Global: Meter Data Management System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Meter Data Management System Market Forecast: Breakup by Component Type (in Million US$), 2023-2028
Table 3: Global: Meter Data Management System Market Forecast: Breakup by Utility Type (in Million US$), 2023-2028
Table 4: Global: Meter Data Management System Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Meter Data Management System Market Forecast: Breakup by Deployment Type (in Million US$), 2023-2028
Table 6: Global: Meter Data Management System Market Forecast: Breakup by End-User (in Million US$), 2023-2028
Table 7: Global: Meter Data Management System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Meter Data Management System Market Structure
Table 9: Global: Meter Data Management System Market: Key Players
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