The meter data management system market in Europe is expected to grow from US$ 274.4 Mn in 2018 to US$ 961.8Mn by the year 2027 at a CAGR of 14.6% during the forecast period.The meter data management solutions provide transparency for the utilities and municipalities, and thereby enable significantly increased efficiency in reading, billing and service processes. Energy and grid utilities in Europe are vigorously contributing to the deployment of public fast and ultra-fast charging networks. . Such rapid development in EV charging installations across Europe is expected to bolster the meter data management system market.
Most utilities are investing in the new technology due to government mandate. Many countries have passed legislation mandating the adoption of smart meters as part of broader clean energy initiatives. Thus, growing the need for meter data management system during the forecast period. The major adoption of Electric Vehicle (EV) has been recognized as a primary challenge for the future development of smart grids. The ever-growing electric vehicle charging further increases energy demand. The carbon release due to EV charging is leading to critical environmental concerns. Apart from environmental and economic reasons, the most important driving force of the EV market is strong policies, such as legislation, benefits, and rebates from various governments.
On the basis of offering, software held a significant share of the Europe meter data management system market. The software segment leads the meter data management system market and is projected to maintain its dominance over the forecast period 2019-2027. Smart meters are the next-generation metering devices that are utilized for obtaining energy consumption feedbacks, manage, monitor, and further send this feedback to the billing management system. These devices allow bidirectional communication between the central management system and the meter.
The overall Europe meter data management system market size has been derived using both primary and secondary sources. The research process begins with exhaustive secondary research using internal and external sources to obtain qualitative and quantitative information related to the Europe meter data management system market. It also provides an overview and forecast for the meter data management system based on all the segmentation provided with respect to the Europe region. Also, primary interviews were conducted with industry participants and commentators in order to validate data and analysis. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, and external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the mater data system industry. Some of the players present in meter data management system are ABB Ltd, Eaton Corporation, Honeywell International, Inc, among others.
TABLE OF CONTENTS
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market segmentation
1.3.1 Europe Meter data management system Market – By Offering
1.3.2 Europe Meter data management system Market – By Utility Type
1.3.3 Europe Meter data management system Market – By Application
1.3.4 Europe Meter data management system Market – By End-user
1.3.5 Europe Meter data management system Market – By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Meter Data Management System Market Landscape
4.1 Market Overview
4.1.1 Europe PEST Analysis
4.2 Ecosystem Analysis
4.3 Expert Opinion
5. Europe Meter Data Management System Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Investment in New Technology
5.1.2 Importance of Grid for Eliminatination of outages and reducing losses.
5.1.3 Rapid Growth of Electric Vehicle
5.2 Key Market Restraints
5.2.1 Effect of Interoperability on Investments and Synergies
5.2.2 Technology Exposed to Cyber Threats
5.3 Key Market Opportunities
5.3.1 Investment in Development of Internet Infrastructure to Increase the Demand for Meter Data Management System
5.4 Future Trends
5.4.1 Adoption of Technologies in Meter Data Management System
5.5 Impact Analysis of Drivers and Restraints
6. Meter Data Management System Market – Europe Market Analysis
6.1 Europe Meter data management system
6.2 Europe Meter data management system Market Forecast and Analysis
7. Europe Meter Data Management System Market Analysis– By Offering
7.1 Overview
7.2 Europe Meter Data Management System Market Breakdown, By Offering, 2018 & 2027
7.3 Software
7.3.1 Overview
7.3.2 Europe Software Market Revenue and Forecasts to 2027 (US$ Mn)
7.4 Services
7.4.1 Overview
7.4.2 Services Market Revenue and Forecasts to 2027 (US$ Mn)
8. Europe Meter Data Management System Market Analysis – By Utility Type
8.1 Overview
8.2 Europe Meter Data Management System Market Breakdown, By Utility Type, 2018 & 2027
8.3 Gas
8.3.1 Overview
8.3.2 Europe Gas Market Revenue and Forecasts to 2027 (US$ Mn)
8.4 Water
8.4.1 Overview
8.4.2 Europe Water Market Revenue and Forecasts to 2027 (US$ Mn)
8.5 Electricity
8.5.1 Overview
8.5.2 Europe Electricity Market Revenue and Forecasts to 2027 (US$ Mn)
9. Europe Meter Data Management System Market Analysis – By Application
9.1 Overview
9.2 Europe Meter Data Management System Market Breakdown, By Application, 2018 & 2027
9.3 Smart Grid
9.3.1 Overview
9.3.2 Europe Smart Grid Market Revenue and Forecasts to 2027 (US$ Mn)
9.4 Microgrid
9.4.1 Overview
9.4.2 Europe Microgrid Market Revenue and Forecasts to 2027 (US$ Mn)
9.5 Energy Storage
9.5.1 Overview
9.5.2 Europe Energy Storage Market Revenue and Forecasts to 2027 (US$ Mn)
9.6 EV Charging
9.6.1 Overview
9.6.2 Europe EV Charging Market Revenue and Forecasts to 2027 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Europe Others Market Revenue and Forecasts to 2027 (US$ Mn)
10. Europe Meter Data Management System Market Analysis – By End-User
10.1 Overview
10.2 Europe Meter Data Management System Market Breakdown, By End-User, 2018 & 2027
10.3 Residential
10.3.1 Overview
10.3.2 Europe Residential Market Revenue and Forecasts to 2027 (US$ Mn)
10.4 Commercial
10.4.1 Overview
10.4.2 Europe Commercial Market Revenue and Forecasts to 2027 (US$ Mn)
10.5 Industrial
10.5.1 Overview
10.5.2 Europe Industrial Market Forecast and Analysis
11. Europe Meter Data Management System Market– Country Analysis
11.1.1 Europe Meter data management system Market Breakdown, By Country
11.1.1.1 Germany Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.1.1 Germany Meter data management system Market Breakdown, By Offering
11.1.1.1.2 Germany Meter data management system Market Breakdown, By Utility Type
11.1.1.1.3 Germany Meter data management system Market Breakdown, By Application
11.1.1.1.4 Germany Meter data management system Market Breakdown, By End user
11.1.1.2 France Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.2.1 France Meter data management system Market Breakdown, by Offering
11.1.1.2.2 France Meter data management system Market Breakdown, by Utility Type
11.1.1.2.3 France Meter data management system Market Breakdown, By Application
11.1.1.2.4 France Meter data management system Market Breakdown, By End user
11.1.1.3 Italy Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.3.1 Italy Meter data management system Market Breakdown, By Offering
11.1.1.3.2 Italy Meter data management system Market Breakdown, By Utility Type
11.1.1.3.3 Italy Meter data management system Market Breakdown, By Application
11.1.1.3.4 Italy Meter data management system Market Breakdown, By End user
11.1.1.4 UK Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.4.1 UK Meter data management system Market Breakdown, By Offering
11.1.1.4.2 UK Meter data management system Market Breakdown, By Utility Type
11.1.1.4.3 UK Meter data management system Market Breakdown, By Application
11.1.1.4.4 UK Meter data management system Market Breakdown, By End user
11.1.1.5 Russia Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.5.1 Russia Meter data management system Market Breakdown, By Offering
11.1.1.5.2 Russia Meter data management system Market Breakdown, By Utility Type
11.1.1.5.3 Russia Meter data management system Market Breakdown, By Application
11.1.1.5.4 Russia Meter data management system Market Breakdown, By End user
11.1.1.6 Rest of Europe Meter data management system Market, Revenue and Forecast to 2027 (US$ Mn)
11.1.1.6.1 Rest of Europe Meter data management system Market Breakdown, By Offering
11.1.1.6.2 Rest of Europe Meter data management system Market Breakdown, By Utility Type
11.1.1.6.3 Rest of Europe Meter data management system Market Breakdown, By Application
11.1.1.6.4 Rest of Europe Meter data management system Market Breakdown, By End user
Summary: Get latest Market Research Reports on Europe Meter Data Management System . Industry analysis & Market Report on Europe Meter Data Management System is a syndicated market report, published as Europe Meter Data Management System Market to 2027 - Regional Analysis and Forecasts by Offering (Software and Services); Utility Type (Gas, Water, and Electricity); Application (Smart grid, Microgrid, Energy Storage, EV Charging, and Others); End - User (Residential, Commercial, and Industrial). It is complete Research Study and Industry Analysis of Europe Meter Data Management System market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.