U.S Smart Meter Data Management Market by Component (Software and Services), Deployment Model (On-premise and Cloud), and Application (Electric, Gas, and Water): U.S. Opportunity Analysis and Industry Forecast, 2019–2026
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IC_206271
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Pages: 132
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Dec
2019 |
96 Views
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Author(s) :
Pramod Borasi
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Tables: 54
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Charts: 41
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Formats*:
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U.S. Smart Meter Data Management Market Outlook: 2026
The U.S. smart meter data management market was valued at $176.56 million in 2018, and U.S. smart meter data management market forecast is projected to reach $556.94 million by 2026, growing at a CAGR of 15.54% from 2019 to 2026. U.S. smart meter data management stands for governance, risk, and compliance. Smart meter data management is a software which is used to validate, store, and make pre-processed meter data available for upstreaming the business application. In addition, smart meter is used by various key vendors for different purposes, which include helping organizations to manage their revenue by improving the meter quality and billing quality, providing accurate bill to the end users, and help consumers improve their energy efficiency. The smart meter management system offers various advantages over the tradition metering system including detection of energy theft, estimate meter readings, and better overall energy efficiency.
The growth of the U.S. smart meter data management market is driven by rise in demand for smart meters across the U.S. to efficiently use energy sources and monitor energy consumptions. Further, supportive rules and regulations, as well as initiatives undertaken by the governing bodies of the nation, boost the demand for smart meter data management products. However, the high cost of these meters and management of high volume of data are expected to hamper the market growth. Nevertheless, increase in volume of meter data & high demand for predictive analysis and integration of advance technologies such as AI in smart meter data management are expected to offer considerable growth opportunities for the smart meter data management market.
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The electric gas meter segment is expected to garner significant share during the forecast period. The major factors that drive the adoption of U.S. smart meter data management software in this sector include, increase in the demand for smart grids and energy across the U.S. and surge in electric vehicle & grid integration majorly drive the U.S. smart meter data management market growth. However, the water meter sector is expected to grow at a highest rate during the forecast period, owing to increase in government initiatives for installation of water meter data management across the U.S. to convert meter data into actionable insights.
The report focuses on the growth prospects, restraints, and trends of the U.S. smart meter data management software analysis. The study provides Porter’s five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the U.S. smart meter data management software market.
U.S Smart Meter Data Management Market
By Component
Software is projected as one of the most lucrative segments.
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Segment review
The U.S. smart meter data management market is segmented on the basis of component, deployment mode, application, and region. By component, the market is bifurcated into software and services. The software segment is further segmented into meter data management system (MDMS), meter data analytics (MDA), and software communication. Services are further studied across consulting, project management, implementation & integration, and other support services. By deployment type, it is bifurcated into cloud based and on-premise. By application, the market is divided into electric, gas and water. By country, the market is analyzed across the U.S.
The key players profiled in the U.S. smart meter data management market analysis are Oracle Corporation, Arad Group, Trilliant Holdings, Inc., Elster Group GmbH, Itron, Siemens AG, Aclara Technologies LLC, Enoro, ElectSolve Technology Solutions & Services, Inc., and Landis+Gyr. These players have adopted various strategies to increase their U.S. smart meter data management market penetration and strengthen their position in the industry.
U.S Smart Meter Data Management Market
By Type
MDM is projected as one of the most lucrative segments.
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Top impacting factors
Increase in need for both prescriptive & predictive analytics
Surge in need for both prescriptive & predictive analytics as a method for gaining insight supports the development in meter data management solutions, as these solutions help utilities to turn meter data into valuable insights, which improve the operation of the grid. Moreover, continuous increase in volume of meter data and introduction of new applications, which rely on this data such as grid optimization and demand-side management drive the need for enhanced meter data analytics (MDA) and meter data management systems (MDMS). For instance, DUKe Energy and many other utilities have adopted grid analytics to prevent major outages related to equipment. Furthermore, proliferation of cloud-based predictive solutions among various industries is attributed to the capability of cloud that leverages scalability and provides pervasiveness from the gathered data. As prediction models applied to existing data can unveil insights into future trends of the smart meter system behavior, the need for prescriptive analytics is gaining traction to simulate various approaches such as risk stratification, simulation and mapping of data that is expected to implement the predicted trends with numerous outcomes. Thus, the use of predictive & prescriptive analytics drives the growth of the smart meter data management market as it enables analysis, forecast, and management of the load on smart meters.
U.S Smart Meter Data Management Market
By Application
Electric is projected as one of the most lucrative segments.
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Data management issues
Managing large volume and velocity of information generated by short interval reads of smart meter data is expected to hinder the growth of the U.S. smart meter data management market, as it is expected to be unmanageable at times. This huge unmanageable amount of data may make it difficult for power utilities to reach useful conclusions. Furthermore, various data management issues such as data distribution & replication, transactions models, query processing and location-based services are some of the major factors that hamper the growth of the market. In addition, huge amount of data and higher cost of remote access hinder the growth of the smart meter data management market.
U.S Smart Meter Data Management Market
By Deployement Type
On-Premise is projected as one of the most significant segments.
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Key Benefits for Stakeholders
- The study provides an in-depth analysis of the U.S. smart meter data management market forecast along with the current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities and their impact analysis on the U.S. smart meter data management market size is provided in the report.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the market industry from 2018 to 2026 is provided to determine the market potential.
Key Market Segments
By Component
- Software
- Meter Data Management System (MDMS)
- Meter Data Analytics (MDA)
- Software Communication
- Services
- Consulting
- Project Management
- Implementation and Integration
- Other Support Services
By Deployment Mode
- On-Premise
- Cloud
By Application
- Electric
- Gas
- Water
Key Market Players
- Oracle Corporation
- Arad Group
- Trilliant Holdings, Inc.
- Elster Group GmbH
- Itron
- Siemens AG
- Aclara Technologies LLC
- Enoro
- ElectSolve Technology Solutions & Services, Inc.
- Landis+Gyr
CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Key market players
1.5. Research methodology
1.5.1. Secondary research
1.5.2. Primary research
1.5.3. Analyst tools & models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.3. Porter's five forces analysis
3.4. Case studies
3.4.1. Marlabs Solution implemented Oracle Meter data management system as a part of their smart grid project.
3.4.2. Metron Farnier, LLC implemented Saviant smart meter data management system to track & monitor water usage in real-time to help consumers understand their consumption pattern.
3.5.1. Drivers
3.5.1.1. Accelerated deployment of smart meters
3.5.1.2. Rise in adoption of advanced metering infrastructure technologies
3.5.1.3. Increase in need for both prescriptive & predictive analytics
3.5.1.4. Incentives & efforts from government across the country
3.5.2. Restraints
3.5.2.1. Data management issues
3.5.2.2. High installation costs of smart meters
3.5.3. Opportunities
3.5.3.1. Increase in volume of meter data
3.5.3.2. Integration of AI in smart meter data management system
CHAPTER 4: U.S. SMART METER DATA MANAGEMENT MARKET, BY COMPONENT
4.1. Overview
4.2. Software
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.2.1. Meter data management system (MDMS)
4.2.2.2. Meter data analytics (MDA)
4.2.2.3. Communication Software
4.2.3. Market size and forecast, by type
4.3. Service
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.2.1. Consulting services
4.3.2.2. Project management
4.3.2.3. Implementation and integration
4.3.2.4. Other support services
CHAPTER 5: U.S. SMART METER DATA MANAGEMENT MARKET, BY DEPLOYMENT MODEL
5.1. Overview
5.2. On-premise
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.3. Cloud
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
CHAPTER 6: U.S. SMART METER DATA MANAGEMENT MARKET, BY APPLICATION
6.1. Overview
6.2. Electric meters
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.3. Gas meters
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.4. Water meters
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Market player positioning, 2018
7.2. Top Winning Strategies
7.3. Competitive dashboard
7.4. Key developments
7.4.1. New product launches
7.4.2. Partnership
7.4.3. Acquisition
7.4.4. Agreement
7.4.5. Collaboration
CHAPTER 8: COMPANY PROFILE
8.1. ACLARA TECHNOLOGIES LLC
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.1.4. Operating business segments
8.1.5. Product portfolio
8.1.6. Key strategic moves and developments
8.2. ARAD GROUP
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.2.4. Operating business segments
8.2.5. Product portfolio
8.2.6. Key strategic moves and developments
8.3. ELECTSOLVE TECHNOLOGY SOLUTIONS & SERVICES, INC.
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.3.4. Product portfolio
8.4. HANSEN TECHNOLOGIES LTD (Enoro Holding A/S).
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.4.4. Operating business segments
8.4.5. Product portfolio
8.4.6. R&D Expenditure
8.4.7. Business performance
8.4.8. Key strategic moves and developments
8.5. HONEYWELL INTERNATIONAL INC. (ELSTER GROUP GmbH)
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.5.4. Operating business segments
8.5.5. Product portfolio
8.5.6. R&D expenditure
8.5.7. Business performance
8.5.8. Key strategic moves and developments
8.6. ITRON INC.
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.6.4. Operating business segments
8.6.5. Product portfolio
8.6.6. Business performance
8.6.7. Key strategic moves and developments
8.7. LANDIS+GYR
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.7.4. Product portfolio
8.7.5. R&D Expenditure
8.7.6. Business performance
8.7.7. Key strategic moves and developments
8.8. ORACLE CORPORATION
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Operating business segments
8.8.5. Product portfolio
8.8.6. R&D Expenditure
8.8.7. Business performance
8.8.8. Key strategic moves and developments
8.9. SIEMENS AG
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.9.4. Operating business segments
8.9.5. Product portfolio
8.9.6. R&D Expenditure
8.9.7. Business performance
8.9.8. Key strategic moves and developments
8.10. TRILLIANT HOLDINGS, INC.
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
8.10.4. Product portfolio
8.10.5. Key strategic moves and developments
LIST OF TABLES
TABLE 01. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE, BY COMPONENT, 2018–2026 ($MILLION)
TABLE 02. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE FOR SOFTWARE, 2018–2026 ($MILLION)
TABLE 03. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE, BY TYPE, 2018–2026 ($MILLION)
TABLE 04. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE FOR SERVICE, 2018–2026 ($MILLION)
TABLE 05. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE, BY DEPLOYMENT MODEL, 2018–2026 ($MILLION)
TABLE 06. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE FOR ON-PREMISE, 2018–2026 ($MILLION)
TABLE 07. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE FOR CLOUD, 2018–2026 ($MILLION)
TABLE 08. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE, BY APPLICATION, 2018–2026 ($MILLION)
TABLE 09. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE FOR ELECTRIC METERS, 2018–2026 ($MILLION)
TABLE 10. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE FOR GAS METERS, 2018–2026 ($MILLION)
TABLE 11. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE FOR WATER METERS, 2018–2026 ($MILLION)
TABLE 12. KEY NEW PRODUCT LAUNCHES (2016-2019)
TABLE 13. PARTNERSHIP (2016-2019)
TABLE 14. ACQUISTION (2016-2019)
TABLE 15. AGREEMENT (2016-2019)
TABLE 16. COLLABORATION (2016-2019)
TABLE 17. ACLARA TECHNOLOGIES LLC: KEY EXECUTIVES
TABLE 18. ACLARA TECHNOLOGIES LLC: COMPANY SNAPSHOT
TABLE 19. ACLARA TECHNOLOGIES LLC: OPERATING SEGMENTS
TABLE 20. ACLARA TECHNOLOGIES LLC: PRODUCT PORTFOLIO
TABLE 21. ARAD GROUP: KEY EXECUTIVES
TABLE 22. ARAD GROUP: COMPANY SNAPSHOT
TABLE 23. ARAD GROUP: OPERATING SEGMENTS
TABLE 24. ARAD GROUP: PRODUCT PORTFOLIO
TABLE 25. ELECTSOLVE TECHNOLOGY SOLUTIONS & SERVICES, INC.: KEY EXECUTIVES
TABLE 26. ELECTSOLVE TECHNOLOGY SOLUTIONS & SERVICES, INC.: COMPANY SNAPSHOT
TABLE 27. ELECTSOLVE TECHNOLOGY SOLUTIONS & SERVICES, INC.: PRODUCT PORTFOLIO
TABLE 28. HANSEN TECHNOLOGIES LTD.: KEY EXECUTIVES
TABLE 29. HANSEN TECHNOLOGIES LTD.: COMPANY SNAPSHOT
TABLE 30. HANSEN TECHNOLOGIES LTD.: OPERATING SEGMENTS
TABLE 31. HANSEN TECHNOLOGIES LTD.: PRODUCT PORTFOLIO
TABLE 32. HONEYWELL INTERNATIONAL INC.: KEY EXECUTIVES
TABLE 33. HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
TABLE 34. HONEYWELL INTERNATIONAL INC.: OPERATING SEGMENTS
TABLE 35. HONEYWELL INTERNATIONAL INC.: PRODUCT PORTFOLIO
TABLE 36. ITRON INC.: KEY EXECUTIVES
TABLE 37. ITRON INC.: COMPANY SNAPSHOT
TABLE 38. ITRON INC.: OPERATING SEGMENTS
TABLE 39. ITRON INC.: PRODUCT PORTFOLIO
TABLE 40. LANDIS+GYR: KEY EXECUTIVES
TABLE 41. LANDIS+GYR: COMPANY SNAPSHOT
TABLE 42. LANDIS+GYR: PRODUCT PORTFOLIO
TABLE 43. ORACLE CORPORATION: KEY EXECUTIVES
TABLE 44. ORACLE CORPORATION: COMPANY SNAPSHOT
TABLE 45. ORACLE CORPORATION: OPERATING SEGMENTS
TABLE 46. ORACLE CORPORATION: PRODUCT PORTFOLIO
TABLE 47. ORACLE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 48. SIEMENS AG: KEY EXECUTIVES
TABLE 49. SIEMENS AG: COMPANY SNAPSHOT
TABLE 50. SIEMENS AG: OPERATING SEGMENTS
TABLE 51. SIEMENS AG: PRODUCT PORTFOLIO
TABLE 52. TRILLIANT HOLDINGS, INC.: KEY EXECUTIVES
TABLE 53. TRILLIANT HOLDINGS, INC.: COMPANY SNAPSHOT
TABLE 54. TRILLIANT HOLDINGS, INC.: PRODUCT PORTFOLIO
LIST OF FIGURES
FIGURE 01. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE, 2018–2026
FIGURE 03. U.S. SMART METER DATA MANAGEMENT MARKET SEGMENTATION
FIGURE 04. U.S. SMART METER DATA MANAGEMENT MARKET: TOP IMPACTING FACTOR
FIGURE 05. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06. LOW-TO-HIGH BARGAINING POWER OF BUYERS
FIGURE 07. LOW-TO-HIGH THREAT OF SUBSTITUTES
FIGURE 08. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS
FIGURE 09. LOW-TO-HIGH COMPETITIVE RIVALRY
FIGURE 10. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE, BY COMPONENT, 2018-2026 ($MILLION)
FIGURE 11. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE, BY DEPLOYMENT MODEL, 2018-2026 ($MILLION)
FIGURE 12. U.S. SMART METER DATA MANAGEMENT MARKET REVENUE, BY APPLICATION, 2018-2026 ($MILLION)
FIGURE 13. KEY PLAYER POSITIONING, 2018
FIGURE 14. TOP WINNING STRATEGIES, BY YEAR, 2016-2019
FIGURE 15. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016-2019
FIGURE 16. TOP WINNING STRATEGIES, BY COMPANY, 2016-2019
FIGURE 17. COMPETITIVE DASHBOARD
FIGURE 18. COMPETITIVE DASHBOARD
FIGURE 19. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 20. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 21. HANSEN TECHNOLOGIES LTD.: REVENUE, 2016–2018 ($MILLION)
FIGURE 22. HANSEN TECHNOLOGIES LTD.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 23. HANSEN TECHNOLOGIES LTD.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 24. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 25. HONEYWELL INTERNATIONAL INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 26. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 27. HONEYWELL INTERNATIONAL INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 28. ITRON INC.: REVENUE, 2016–2018 ($MILLION)
FIGURE 29. ITRON INC.: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 30. ITRON INC.: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 31. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 32. LANDIS+GYR: REVENUE, 2016–2018 ($MILLION)
FIGURE 33. LANDIS+GYR: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 34. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 35. ORACLE CORPORATION: REVENUE, 2016–2018 ($MILLION)
FIGURE 36. ORACLE CORPORATION: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 37. ORACLE CORPORATION: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 38. R&D EXPENDITURE, 2016–2018 ($MILLION)
FIGURE 39. SIEMENS AG: REVENUE, 2016–2018 ($MILLION)
FIGURE 40. SIEMENS AG: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 41. SIEMENS AG: REVENUE SHARE BY REGION, 2018 (%)
Smart meters are the next-generation utility meters with transformative potential of M2M technology. They offer consumers with a feedback on their energy consumption, monitor their energy usage, and manage the usage accordingly. There is an increase in the demand for energy-efficient meters across the U.S., and key vendors are launching products related to smart meter data management. For the companies using smart grids or advanced metering infrastructure (AMI), smart meters play a vital role to improve operation efficiency by reducing the need to manually operate the meter, improve grid reliability from better outage detection, and reduce peak demand time.
The U.S. smart meter data management market is consolidated with the presence of key vendors such as Elster Group GMBH, Itron Inc., Siemens AG and Oracle Corporation which constitute a large share. Some of the key players profiled in the report include Arad Group, Trilliant Holdings, Inc., Aclara Technologies LLC, Enoro, ElectSolve Technology Solutions & Services, Inc., and Landis+Gyr.
Q1. What is the market share of Smart Meter Data Management Market in the US by 2026?
A. The CAGR of the Smart Meter Data Management Market in the U.S.is 15.54%
Q2. What factors are anticipated to drive Smart Meter Data Management Market in the US?
A. The major factor that drives the Smart Meter Data Management Market in the U.S. are accelerated deployment of smart meters, rise in adoption of advanced metering infrastructure technologies and increase in need for both prescriptive & predictive analytics.
Q3. How can I get report sample of U.S. Smart Meter Data Management Market report?
A. To get latest version of U.S. Smart Meter Data Management Market report
Q4. Which segment will drive or lead Smart Meter Data Management Market in the US and why?
A. The software segment will drive the Smart Meter Data Management Market in U.S. owing to the increase in awareness toward energy management software in industrial sectors for efficient utilization of energy consumption and rise in alertness about carbon emission management boost the growth of this market
Q5. Which are the leading players in Smart Meter Data Management Market in the US?
A. The leading players in the Smart Meter Data Management Market in the U.S. includes Aclara Technologies LLC, Arad Groul, ElectSolve Technology Solutions & Services, Inc., Hansen Technologies Ltd (Enoro Holding A/S), Honeywell International Inc. (Elster Group GmbH), Itron Inc., Landis+Gyr., Oracle Corporation, Siemens AG and Trilliant Holdings, Inc.
Q6. How can I get company profiles of top ten players of Smart Meter Data Management Market in the US?
A. On the basis of top growing big corporation we select key market players.
Q7. What are the key growth strategies of U.S. Smart Meter Data Management Market players.
A. The key growth strategies of U.S. Smart Meter Data Management Market players inlcude growth in demand for smart meters across the U.S. region to efficiently use energy sources and monitor energy consumptions drive the market growth. Further, supportive rules and regulations, as well as initiatives undertaken by the governing bodies of the nations, boosts the demand for smart meter data management products. Nevertheless, increase in volume of meter data & high demand for predictive analysis and integration of advance technologies such as AI in smart meter data management are expected to offer considerable growth opportunities for the U.S. smart meter data management market.
Q8. What are the key trends in the U.S. Smart Meter Data Management Market?
A. DUKe Energy and many other utilities have adopted grid analytics to prevent major outages related to equipment. Furthermore, proliferation of cloud-based predictive solutions among various industries is attributed to the capability of cloud that leverages scalability and provides pervasiveness from the gathered data.
Q9. What are the applications of U.S. Smart Meter Data Management Industry?
A. The applications of U.S. Smart Meter Data Managemet Industry include electric meters, water meters and gas meters.
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