The Global Smart Meter Data Management Market is Estimated to reach $3.2 Billion by 2028, at a CAGR of 17.5%

Published Date: 31-May-2022

Special Offering :

Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support

Smart Meter Data Management Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Smart Meter Data Management Market size is expected to reach $3.2 billion by 2028, rising at a market growth of 17.5% CAGR during the forecast period.

The Services segment is showcasing a CAGR of 20.1% during (2022 - 2028). This is due to a surge in awareness of energy management software in industrial sectors, which allows for more efficient energy consumption and increased awareness of carbon emission control. Moreover, the growth of the segment would be further driven due to the increased smart meter installation. To ensure exact billing, software is utilised to format, process, and correlate data.

The Electric Meters segment acquired maximum revenue share in the Global Smart Meter Data Management Market by Application 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,711.8 million by 2028. This is owing to government initiatives to roll out smart electric meters to every household in order to reduce energy consumption by accurately monitoring it, as well as growing demand for reducing carbon emissions globally. Moreover, with the rise in electric car charging and the incorporation of renewable energy into the grid, smart electric meters also help to preserve grid stability.

The Cloud market has shown growth rate of 18.4% during (2022 - 2028). This is because of its features such as simplicity of implementation, deployment, improvements, and other. In addition, the use of cloud-based technology also benefits in the reduction of operational costs for businesses. The cloud segment's growth is further aided by the low investment cost, agility, and scalability of the cloud deployment architecture. Furthermore, a growing need for mobility and a spike in the adoption of cloud technology by small and mid-size businesses would help the segment

The Asia Pacific market dominated the Global Smart Meter Data Management Market by Region 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,190.7 million by 2028. The North America market is estimated to witness a CAGR of 16.8% during (2022 - 2028). Additionally, The Europe market would exhibit a CAGR of 17% during (2022 - 2028).

Full Report:

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Oracle Corporation, Trilliant Holdings, Inc., Itron, Inc., Arad Group, Siemens AG, ABB Group, Honeywell International, Inc., Eaton Corporation PLC, Aclara Technologies LLC. (Hubbell Incorporated), Hansen Technologies, Ltd.

Global Smart Meter Data Management Market Segmentation

By Component

  • Software
  • Services

By Application

  • Electric Meters
  • Gas Meters
  • Water Meters

By Deployment Mode

  • On-premise
  • Cloud

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • Oracle Corporation
  • Trilliant Holdings, Inc.
  • Itron, Inc.
  • Arad Group
  • Siemens AG
  • ABB Group
  • Honeywell International, Inc.
  • Eaton Corporation PLC
  • Aclara Technologies LLC. (Hubbell Incorporated)
  • Hansen Technologies, Ltd.

Unique Offerings from KBV Research

  • Exhaustive coverage
  • The highest number of Market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Related Reports:

North America Smart Meter Data Management Market Future Scope & Opportunities 2022-2028

Europe Smart Meter Data Management Market Size & Growth Forecast 2022-2028

Asia Pacific Smart Meter Data Management Market Size, Share & Industry Outlook to 2028

LAMEA Smart Meter Data Management Market Growth, Trends & Forecasts 2022-2028

Request a Free Sample Copy

Why Choose Us

  • 24/7 Research support
    Get your queries resolved from an industry expert. Request for a free product review before report purchase.

  • Information security
    Your personal and confidential information is safe and secure.