The Europe Smart Meter Data Management Market would witness market growth of 16.9% CAGR during the forecast period (2023-2030).
The increasing deployment of smart meters, the growth in acceptance of sophisticated metering infrastructure technologies, and the expanding requirement for predictive analytics are some of the catalysts for the overall market. In addition, smart meters keep track of how much water, gas, and electricity are used. As a result, consumption is more efficiently managed, and invoicing and customer service are improved. Furthermore, the increased use of machine learning and artificial intelligence in smart meter data management enhances operational planning, reduces peak demand, increases energy savings, and generates new revenue streams for businesses.
Additionally, growing deployment of sophisticated metering technologies for power outage management and improving grid resilience would help the market in the long run. Meter Data Management (MDM) systems can identify power interruptions and offer real-time energy consumption information to users. Furthermore, the modernization of old power infrastructure can act as the catalysts for market growth. Factors such as integration of advanced metering systems with cloud computing systems and the Internet of Things (IoT), as well as intensive research and development (R&D) activities, are projected to further propel the market.
By 2020, the European Union (EU) has mandated that utility firms deliver smart meters to 80% of their electricity customers. This regulation is expected to provide abundant opportunities in the market for both domestic and international smart meter suppliers. The market in Europe is impacted by a high penetration of smart meter installations in Central and Eastern Europe, preventive actions taken to limit power theft, and different favourable government policies regarding electricity management. Therefore, these aspects are expected to fuel the further development of the regional market over the forecast years.
The Germany market dominated the Europe Smart Meter Data Management Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $293.3 million by 2030. The UK market is registering a CAGR of 15.9% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 17.8% during (2023 - 2030).
Based on Component, the market is segmented into Software and Services. Based on Application, the market is segmented into Electric Meters, Gas Meters and Water Meters. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Smart Meter Data Management Market will Hit $4.9 Billion by 2030, at a CAGR of 17.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Trilliant Holdings, Inc., Itron, Inc., Arad Group, Siemens AG, ABB Group, Honeywell International, Inc., Eaton Corporation PLC, Hubbell Incorporated and Hansen Technologies, Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Application
- Electric Meters
- Gas Meters
- Water Meters
By Deployment Mode
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- Trilliant Holdings, Inc.
- Itron, Inc.
- Arad Group
- Siemens AG
- ABB Group
- Honeywell International, Inc.
- Eaton Corporation PLC
- Hubbell Incorporated
- Hansen Technologies, Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Smart Meter Data Management Market, by Component
1.4.2 Europe Smart Meter Data Management Market, by Application
1.4.3 Europe Smart Meter Data Management Market, by Deployment Mode
1.4.4 Europe Smart Meter Data Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2023, Nov) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. Europe Smart Meter Data Management Market, By Component
5.1 Europe Software Market, By Country
5.2 Europe Services Market, By Country
Chapter 6. Europe Smart Meter Data Management Market, By Application
6.1 Europe Electric Meters Market, By Country
6.2 Europe Gas Meters Market, By Country
6.3 Europe Water Meters Market, By Country
Chapter 7. Europe Smart Meter Data Management Market, By Deployment Mode
7.1 Europe On-premise Market, By Country
7.2 Europe Cloud Market, By Country
Chapter 8. Europe Smart Meter Data Management Market, By Country
8.1 Germany Smart Meter Data Management Market
8.1.1 Germany Smart Meter Data Management Market, By Component
8.1.2 Germany Smart Meter Data Management Market, By Application
8.1.3 Germany Smart Meter Data Management Market, By Deployment Mode
8.2 UK Smart Meter Data Management Market
8.2.1 UK Smart Meter Data Management Market, By Component
8.2.2 UK Smart Meter Data Management Market, By Application
8.2.3 UK Smart Meter Data Management Market, By Deployment Mode
8.3 France Smart Meter Data Management Market
8.3.1 France Smart Meter Data Management Market, By Component
8.3.2 France Smart Meter Data Management Market, By Application
8.3.3 France Smart Meter Data Management Market, By Deployment Mode
8.4 Russia Smart Meter Data Management Market
8.4.1 Russia Smart Meter Data Management Market, By Component
8.4.2 Russia Smart Meter Data Management Market, By Application
8.4.3 Russia Smart Meter Data Management Market, By Deployment Mode
8.5 Spain Smart Meter Data Management Market
8.5.1 Spain Smart Meter Data Management Market, By Component
8.5.2 Spain Smart Meter Data Management Market, By Application
8.5.3 Spain Smart Meter Data Management Market, By Deployment Mode
8.6 Italy Smart Meter Data Management Market
8.6.1 Italy Smart Meter Data Management Market, By Component
8.6.2 Italy Smart Meter Data Management Market, By Application
8.6.3 Italy Smart Meter Data Management Market, By Deployment Mode
8.7 Rest of Europe Smart Meter Data Management Market
8.7.1 Rest of Europe Smart Meter Data Management Market, By Component
8.7.2 Rest of Europe Smart Meter Data Management Market, By Application
8.7.3 Rest of Europe Smart Meter Data Management Market, By Deployment Mode
Chapter 9. Company Profiles
9.1 Oracle Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Trilliant Holdings, Inc.
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.2.2 Product Launches and Product Expansions:
9.3 Itron, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Arad Group
9.4.1 Company Overview
9.5 Siemens AG
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 ABB Group
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Honeywell International, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Eaton Corporation PLC
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Hubbell Incorporated
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Hansen Technologies Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
TABLE 1 Europe Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 2 Europe Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Meter Data Management Market
TABLE 4 Product Launches And Product Expansions– Smart Meter Data Management Market
TABLE 5 Acquisition and Mergers– Smart Meter Data Management Market
TABLE 6 Europe Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 7 Europe Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 8 Europe Software Market, By Country, 2019 - 2022, USD Million
TABLE 9 Europe Software Market, By Country, 2023 - 2030, USD Million
TABLE 10 Europe Services Market, By Country, 2019 - 2022, USD Million
TABLE 11 Europe Services Market, By Country, 2023 - 2030, USD Million
TABLE 12 Europe Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 13 Europe Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 14 Europe Electric Meters Market, By Country, 2019 - 2022, USD Million
TABLE 15 Europe Electric Meters Market, By Country, 2023 - 2030, USD Million
TABLE 16 Europe Gas Meters Market, By Country, 2019 - 2022, USD Million
TABLE 17 Europe Gas Meters Market, By Country, 2023 - 2030, USD Million
TABLE 18 Europe Water Meters Market, By Country, 2019 - 2022, USD Million
TABLE 19 Europe Water Meters Market, By Country, 2023 - 2030, USD Million
TABLE 20 Europe Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 21 Europe Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 22 Europe On-premise Market, By Country, 2019 - 2022, USD Million
TABLE 23 Europe On-premise Market, By Country, 2023 - 2030, USD Million
TABLE 24 Europe Cloud Market, By Country, 2019 - 2022, USD Million
TABLE 25 Europe Cloud Market, By Country, 2023 - 2030, USD Million
TABLE 26 Europe Smart Meter Data Management Market, By Country, 2019 - 2022, USD Million
TABLE 27 Europe Smart Meter Data Management Market, By Country, 2023 - 2030, USD Million
TABLE 28 Germany Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 29 Germany Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 30 Germany Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 31 Germany Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 32 Germany Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 33 Germany Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 34 Germany Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 35 Germany Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 36 UK Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 37 UK Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 38 UK Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 39 UK Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 40 UK Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 41 UK Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 42 UK Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 43 UK Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 44 France Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 45 France Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 46 France Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 47 France Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 48 France Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 49 France Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 50 France Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 51 France Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 52 Russia Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 53 Russia Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 54 Russia Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 55 Russia Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 56 Russia Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 57 Russia Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 58 Russia Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 59 Russia Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 60 Spain Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 61 Spain Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 62 Spain Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 63 Spain Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 64 Spain Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 65 Spain Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 66 Spain Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 67 Spain Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 68 Italy Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 69 Italy Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 70 Italy Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 71 Italy Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 72 Italy Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 73 Italy Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 74 Italy Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 75 Italy Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 76 Rest of Europe Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 77 Rest of Europe Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 78 Rest of Europe Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 79 Rest of Europe Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 80 Rest of Europe Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 81 Rest of Europe Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 82 Rest of Europe Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 83 Rest of Europe Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 84 Key Information – Oracle Corporation
TABLE 85 Key Information – Trilliant Holdings, Inc.
TABLE 86 Key Information – Itron, Inc.
TABLE 87 Key Information – Arad Group
TABLE 88 Key Information – Siemens AG
TABLE 89 Key Information – ABB Group
TABLE 90 Key Information – Honeywell International, Inc.
TABLE 91 Key Information – Eaton Corporation PLC
TABLE 92 Key Information – Hubbell Incorporated
TABLE 93 Key Information – Hansen Technologies Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Smart Meter Data Management Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Smart Meter Data Management Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2023, Nov) Leading Players
FIG 7 Porter’s Five Forces Analysis – Smart Meter Data Management Market
FIG 8 Europe Smart Meter Data Management Market share, By Component, 2022
FIG 9 Europe Smart Meter Data Management Market share, By Component, 2030
FIG 10 Europe Smart Meter Data Management Market, By Component, 2019 - 2030, USD Million
FIG 11 Europe Smart Meter Data Management Market share, By Application, 2022
FIG 12 Europe Smart Meter Data Management Market share, By Application, 2030
FIG 13 Europe Smart Meter Data Management Market, By Application, 2019 - 2030, USD Million
FIG 14 Europe Smart Meter Data Management Market share, By Deployment Mode, 2022
FIG 15 Europe Smart Meter Data Management Market share, By Deployment Mode, 2030
FIG 16 Europe Smart Meter Data Management Market, By Deployment Mode, 2019 - 2030, USD Million
FIG 17 Europe Smart Meter Data Management Market share, By Country, 2022
FIG 18 Europe Smart Meter Data Management Market share, By Country, 2030
FIG 19 Europe Smart Meter Data Management Market, By Country, 2019 - 2030, USD Million
FIG 20 SWOT Analysis: Oracle Corporation
FIG 21 Recent strategies and developments: Trilliant Holdings, Inc.
FIG 22 Recent strategies and developments: Itron, Inc.
FIG 23 SWOT Analysis: Itron, Inc.
FIG 24 Recent strategies and developments: Siemens AG
FIG 25 SWOT Analysis: Siemens AG
FIG 26 SWOT Analysis: ABB Group
FIG 27 Recent strategies and developments: Honeywell International, Inc.
FIG 28 SWOT Analysis: Honeywell international, inc.
FIG 29 SWOT Analysis: Eaton Corporation PLC
FIG 30 SWOT Analysis: Hubbell Incorporated