TechNavio recognizes the following companies as the key players in the Global Meter Data Management Market: Elster Group SE, Itron Inc., Landis+Gyr AG, Oracle Corp., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “The interest shown by regulatory authorities in installing smart energy meters is the most important trend in the Global Meter Data Management market. Across the globe, there has been an installation drive from the respective governments. The regulators develop the framework and policies to adopt smart energy meters. These are in turn implemented by utilities and thus smart energy meter installations have been growing around the world, which is in turn increasing usage of meter data management software. Countries such as the US and Canada have largely deployed smart energy meters due to the support of and regulations introduced by their governments. The US has allocated $3.4 billion in smart grid grants that would be utilized in installing smart energy meters and building a smart grid network within the country between 2010 and 2014. The Eastern European countries were early adopters of smart energy meters under the guidance of their respective governments. Furthermore, governments in some Asian and Western European countries have initiated pilot test programs to install smart energy meters.”
According to the report, one of the major drivers is the reduction in electricity theft, facilitated by the installation of smart meters and usage of meter data management software. As meter data management facilitates better control and close monitoring of electricity used by its end-users, meter tampering can be avoided, which will in turn reduce the theft of electricity.
Further, the report states that one of the major challenges in this market is data management issues. Generally, smart meters generate huge amounts of data at very frequent intervals, which is likely to be unmanageable at times. This huge unmanageable amount of data may make it difficult for power utilities to reach useful conclusions.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-meter-data-management-market-2012…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report -Global Meter Data Management Market 2012-2016
