Market Research Reports Global Meter Data Management System Market 2019 | Página 2

smart meters, increasing volume of meter data coupled with demand for grid reliability and outage management. Adoption of advance metering technologies facilitates monitoring and measuring the consumer’s information. Available Exclusive Sample Copy of this Report @ https://www.businessindustryreports.com/sample-request/167790 . As per the market research report, AMI adoption offers operational and financial benefits and eliminates the requirement of on-site meter reading, improves energy theft detection and response to power outages. It also brings financial gains to utility, gas and water companies through reduction in maintenance and equipment costs. It is an integrated system of communication, smart meters and data management systems that enables communication between customers and utilities. For instance, as per the U.S. Energy Information Administration, in 2016 U.S. electric utilities has installed about 71 million advanced metering infrastructure smart meters representing about 47% of the electricity consumers in the United States. The Global Meter Data Management System Market is segmented on the basis of Component, Utility, Application and Region. Based on the Component, the Global Meter Data Management System Market is sub-segmented into Hardware, Software and others. On the basis of Application, the Global Meter Data Management System Market is classified into Micro Grid, Smart Grid, EV Charging, Energy Storage and others. Based on the Utility, the Global Meter Data Management System Market is sub-segmented into Gas, Electricity, Water and others. On the basis of End-User, the Global Meter Data Management System Market is sub-segmented into Commercial & Industrial, Residential and others. In terms of the regional analysis, North America holds the leading position in Meter Data Management System Market. Major utilities in the regions are implementing the meter data management system with the growing smart meter installation. Additionally, growing need to generate accurate bills on the basis of varied tariff rates in the regions is also significantly driving the market growth in the region. Whereas, APAC is expected to emerge as the fastest growing region in terms of market share. The growth of APAC is witnessed owing to the untapped opportunities in countries such as India and China. Moreover, high investment by government bodies coupled with supportive policies and regulation regarding smart metering technology are significantly adding growth in Meter Data Management System Market in the region. Top Leading Key in Players Global Meter Data Management System Market: Honeywell, ABB, Siemens, Schneider Electric, Landis+Gyr, Kamstrup, Diehl, Alcara, Sensus (Xylem), Powel Eaton and others. New product launches and continuous technological innovations are the key strategies adopted by the major players. With the presence of a large pool of participants, the Global Meter Data Management System Market is displaying a highly competitive business landscape, finds a new research report by Business Industry Reports (BIR). Honeywell, ABB, Siemens, Schneider Electric, Landis+Gyr, Kamstrup, Diehl, Alcara, Sensus (Xylem), Powel Eaton, etc. are some of the key vendors of Meter Data Management System across the world. These players across Meter Data Management System Market are focusing aggressively on innovation, as well as on including advanced technologies in their existing products.