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.
The Business Market Insights subscription helps clients understand the ongoing market trends, identify opportunities, and make informed decisions through the reports in the Subscription Platform. The Industry reports available in the subscription provide an in-depth analysis on various market topics and enable clients to line up remunerative opportunities. The reports provide the market size & forecast, drivers, challenges, trends, and more.
Ask for FREE Sample Copy of this report at- https://www.businessmarketinsights.com/sample/TIPRE00008597
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.
Business Market Insights reports focus upon client objectives, use standard research methodologies and exclusive analytical models, combined with robust business acumen, which provides precise and insightful results.
Business Market Insights reports are useful not only for corporate and academic professionals but also for consulting, research firms, PEVC firms, and professional services firms.
Europe Meter Data Management System Market–Segmentation
By Utility Type
- Smart Grid
- Energy Storage
- EV Charging
- United Kingdom
- Rest of Europe
- 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
Full Report subscription with pay as per requirement at https://www.businessmarketinsights.com/TIPRE00008597/checkout/basic/single/monthly
(30-day subscription plans prove to be very cost-effective with no compromise on the quality of reports)
Benefits with Business Market Insights
- One Stop Platform to All the Market Insight Needs
- Avoid Long Purchase Procedures
- Fast and Easy Access
- Cloud-Based Platform
- News Updates
- Ask the Analyst Support
- Pay Monthly Subscription and Access All You Want
- No Compulsion for Yearly Subscription
- Reports Read or Download Access
- Monthly New Reports Added
- Affordable Product, Pay as Per Requirement
About Business Market Insights
Based in New York, Business Market Insights is a one-stop destination for in-depth market research reports from various industries including Technology, Media & Telecommunications, Semiconductor & Electronics, Aerospace & Defense, Automotive & Transportation, Biotechnology, Healthcare IT, Manufacturing & Construction, Medical Device, and Chemicals & Materials. The clients include corporate and academic professionals, consulting, research firms, PEVC firms, and professional services firms.
For Subscription contact
Business Market Insights