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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
21-Nov-2022
Global
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
Popular Topics
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
| Industries | Energy |
|---|---|
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | MGBD-01-00-00-00 |