Global Smart Electricity Meter Data Management Growth Opportunities

Global Smart Electricity Meter Data Management Growth Opportunities

Disruptive Technologies will be the Bedrock of the Next Level of Grid Intelligence and Enable Utilities to Survive the Energy Transition

RELEASE DATE
21-Nov-2022
REGION
Global
Research Code: MGBD-01-00-00-00
SKU: EG02282-GL-MT_27143
$2,450.00
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$2,450.00
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Description

The global penetration rate for smart metering is forecast to increase from just over 40% at the start of 2022 to 65% by 2030. This growth will lead to an increased demand for meter data management (MDM) software. First-generation meters largely focus on basic functions such as billing and time-of-use pricing. With the growth of decentralized energy, more renewable energy sources, electric vehicles, heat pumps, battery energy storage systems, etc., will be connected to the grid. All of this will require management for the grid to continue to function effectively. Smart meters will essentially become load management devices, and this will require more functionalities and higher per-meter revenues from MDM manufacturers.

The replacement of existing smart meters with next-generation meters will also be a priority. Countries that installed smart meters early on, like Italy, Sweden, Finland, and Denmark, have already started replacing their metering devices. Utilities in the United States, Canada, Spain, and Japan will follow suit over the course of the decade.

The study lists the countries that are the key to growth and pinpoints the factors that will drive and restrain the development of this market. It concludes by identifying the key growth opportunities emerging from this market for stakeholders and key players to leverage.

Key Issues Addressed:

  • What are the key drivers and restraints that impact the growth of the MDM market?

  • Which regions and countries offer the best prospects for growth during the forecast period?

  • What are the growth opportunities? Where do they exist for the market participants?

  • Who are the key participants in the MDM ecosystem?

Author: Neha Tatikota

Table of Contents

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Meter Data Management (MDM) Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Primary Findings

Scope of Analysis

Regional Segmentation

Regional Segmentation (continued)

Smart Meter Market at a Glance

Primary Market Trends

Market Overview

Smart Metering Data and Analytics for Edge Intelligence

Unlocking Value from a Meter Data Management System (MDMS)

Evolution of MDM

MDM—Basic, Advanced Features, and Primary Solutions

Business Model Assessment

Emergence of New Business Models

Primary Trends in Utility Use Cases

Trends in Managed Services/AMI-as-a-Service

Growth Drivers

Growth Drivers (continued)

Growth Restraints

Forecast Assumptions and Methodology

Revenue and Unit Shipment Forecast

Revenue Forecast by Region

Revenue Forecast Analysis

Revenue Forecast Analysis (continued)

Competitive Dynamics

Competitive Dynamics (continued)

Competitive Dynamics (continued)

Competitive Dynamics (continued)

Growth Opportunity 1: Service-based Models

Growth Opportunity 1: Service-based Models (continued)

Growth Opportunity 2: Grid Intelligence

Growth Opportunity 2: Grid Intelligence (continued)

Growth Opportunity 3: Smart Grid Initiatives with a Strategic IT Infrastructure

Growth Opportunity 3: Smart Grid Initiatives with a Strategic IT Infrastructure (continued)

List of Exhibits

Legal Disclaimer

The global penetration rate for smart metering is forecast to increase from just over 40% at the start of 2022 to 65% by 2030. This growth will lead to an increased demand for meter data management (MDM) software. First-generation meters largely focus on basic functions such as billing and time-of-use pricing. With the growth of decentralized energy, more renewable energy sources, electric vehicles, heat pumps, battery energy storage systems, etc., will be connected to the grid. All of this will require management for the grid to continue to function effectively. Smart meters will essentially become load management devices, and this will require more functionalities and higher per-meter revenues from MDM manufacturers. The replacement of existing smart meters with next-generation meters will also be a priority. Countries that installed smart meters early on, like Italy, Sweden, Finland, and Denmark, have already started replacing their metering devices. Utilities in the United States, Canada, Spain, and Japan will follow suit over the course of the decade. The study lists the countries that are the key to growth and pinpoints the factors that will drive and restrain the development of this market. It concludes by identifying the key growth opportunities emerging from this market for stakeholders and key players to leverage.--BEGIN PROMO--

Key Issues Addressed:

  • What are the key drivers and restraints that impact the growth of the MDM market

  • Which regions and countries offer the best prospects for growth during the forecast period

  • What are the growth opportunities Where do they exist for the market participants

  • Who are the key participants in the MDM ecosystem

Author: Neha Tatikota

More Information
Industries Energy
No Index No
Is Prebook No
Podcast No
WIP Number MGBD-01-00-00-00