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Europe Meter Data Management System Market 2019-2027| Latest Report Analysis with Top Companies, Types and Applications

Meter data management is software that performs long-term data storage and management of the vast amounts of data provided by smart meter systems.

The meter data management system market in Europe is expected to grow from US$ 274.4 Million in 2020to US$ 961.8 Million by the year 2027 at a CAGR of 14.6% during the forecast period.

This data primarily consists of usage data and events imported from the headend server that manages the data collection in advanced metering infrastructure (AMI) or automated meter reading (AMR) systems. MDM is a component of smart grid infrastructure promoted by utility companies. It can also incorporate meter data analysis, that is, analysis of data emitted by electric smart meters that record the consumption of electrical energy.

The Technology, Media and Telecom sector is a group of industries that includes the majority of companies focused on new technologies. As this industry segment is widespread, it may be convenient to divide TMT into sub-sectors such as hardware, semiconductor, software, media and communications.

The Europe Meter Data Management System market is growing along with the Technology, Media and Telecommunications industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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Europe meter data management system market is expected to grow at a good CAGR during the forecast period. For example, the UK National Grid is working with local Pivot Power LLP for the development of one of the world’s largest networks of rapid EV charging stations in the country. The tender envisages the deployment of 2,250 MW of batteries at 45 electric substations across the country. The figure given below highlights the revenue share of Rest of Europe   in the Europe meter data management system market in the forecast period:

 These factors are expected to offer broad growth opportunities in the Technology, Media and Telecommunications industry and this is expected to cause the demand for Meter Data Management System in the market.

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Europe Meter Data Management System Market–Segmentation

By Offering

  • Software
  • Services

By Utility Type

  • Gas
  • Water
  • Electricity

By Application

  • Smart Grid
  • Microgrid
  • Energy Storage
  • EV Charging
  • Others

By End-User

  • Residential
  • Commercial
  • Industrial

By Country

  • Germany
  • France
  • Italy
  • United Kingdom
  • Russia
  • Rest of Europe

Companies Mentioned

  • ABB Ltd.
  • Aclara Technologies LLC
  • Diehl Metering GmbH
  • Eaton Corporation
  • Honeywell International, Inc
  • Itron Inc
  • Kamstrup A/S
  • Landis+Gyr Group AG
  • Schneider Electric SE
  • Siemens AG

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