Market Research Reports Global Meter Data Management System Market 2019 | Page 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.
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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.