The North America Smart Meter Data Management Market would witness market growth of 16.6% CAGR during the forecast period (2023-2030).
A number of legislative measures mandate the metering of energy and water resources. These laws also establish rules and standards for the design of building systems, as well as assuring energy efficiency and sustainability. For example, Entergy Corporations, a US-based utility, chose OMNETRIC Group, a Siemens Company, to provide services such as meter data to help the utility enhance its billing processes in January 2017. Consumer need for effective data monitoring systems to manage overall energy consumption and properly track utility bills is expanding, particularly in the residential sector.
Moreover, rising investments in smart grid projects, increased upgrades to transmission and distribution infrastructure, and government policies in emerging nations encouraging the implementation of smart grids and smart meters all contribute to the growth of the market. On the other hand, factors such as various data management difficulties, including data distribution and replication, transactional models, query processing, and location-based services, would act as obstacles to market growth.
The North American region has seen the highest penetration in terms of meter reading around the globe due to the creation of advanced metering infrastructure for smart grid system installations. In 2017, American Electric Power, for example, upgraded its meter data management software to enhance customer service and operations. In the United States, the market for smart meter data handling has a huge potential. Hence, these factors are anticipated to fuel the growth of the regional market during the forecasting period.
The US market dominated the North America Smart Meter Data Management Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $989.5 million by 2030. The Canada market is exhibiting a CAGR of 19.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 18.2% during (2023 - 2030).
Based on Component, the market is segmented into Software and Services. Based on Application, the market is segmented into Electric Meters, Gas Meters and Water Meters. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Smart Meter Data Management Market is Predict to reach $4.9 Billion by 2030, at a CAGR of 17.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Trilliant Holdings, Inc., Itron, Inc., Arad Group, Siemens AG, ABB Group, Honeywell International, Inc., Eaton Corporation PLC, Hubbell Incorporated and Hansen Technologies, Ltd.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Application
- Electric Meters
- Gas Meters
- Water Meters
By Deployment Mode
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Oracle Corporation
- Trilliant Holdings, Inc.
- Itron, Inc.
- Arad Group
- Siemens AG
- ABB Group
- Honeywell International, Inc.
- Eaton Corporation PLC
- Hubbell Incorporated
- Hansen Technologies, Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Meter Data Management Market, by Component
1.4.2 North America Smart Meter Data Management Market, by Application
1.4.3 North America Smart Meter Data Management Market, by Deployment Mode
1.4.4 North America Smart Meter Data Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2023, Nov) Leading Players
4.4 Porter Five Forces Analysis
Chapter 5. North America Smart Meter Data Management Market, By Component
5.1 North America Software Market, By Country
5.2 North America Services Market, By Country
Chapter 6. North America Smart Meter Data Management Market, By Application
6.1 North America Electric Meters Market, By Country
6.2 North America Gas Meters Market, By Country
6.3 North America Water Meters Market, By Country
Chapter 7. North America Smart Meter Data Management Market, By Deployment Mode
7.1 North America On-premise Market, By Country
7.2 North America Cloud Market, By Country
Chapter 8. North America Smart Meter Data Management Market, By Country
8.1 US Smart Meter Data Management Market
8.1.1 US Smart Meter Data Management Market, By Component
8.1.2 US Smart Meter Data Management Market, By Application
8.1.3 US Smart Meter Data Management Market, By Deployment Mode
8.2 Canada Smart Meter Data Management Market
8.2.1 Canada Smart Meter Data Management Market, By Component
8.2.2 Canada Smart Meter Data Management Market, By Application
8.2.3 Canada Smart Meter Data Management Market, By Deployment Mode
8.3 Mexico Smart Meter Data Management Market
8.3.1 Mexico Smart Meter Data Management Market, By Component
8.3.2 Mexico Smart Meter Data Management Market, By Application
8.3.3 Mexico Smart Meter Data Management Market, By Deployment Mode
8.4 Rest of North America Smart Meter Data Management Market
8.4.1 Rest of North America Smart Meter Data Management Market, By Component
8.4.2 Rest of North America Smart Meter Data Management Market, By Application
8.4.3 Rest of North America Smart Meter Data Management Market, By Deployment Mode
Chapter 9. Company Profiles
9.1 Oracle Corporation
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.1.6 SWOT Analysis
9.2 Trilliant Holdings, Inc.
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.2.2.2 Product Launches and Product Expansions:
9.3 Itron, Inc.
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Acquisition and Mergers:
9.3.6 SWOT Analysis
9.4 Arad Group
9.4.1 Company Overview
9.5 Siemens AG
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 ABB Group
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expense
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.6 SWOT Analysis
9.7 Honeywell International, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.7.6 SWOT Analysis
9.8 Eaton Corporation PLC
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 SWOT Analysis
9.9 Hubbell Incorporated
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 SWOT Analysis
9.10. Hansen Technologies Ltd.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Regional Analysis
TABLE 1 North America Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 2 North America Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Smart Meter Data Management Market
TABLE 4 Product Launches And Product Expansions– Smart Meter Data Management Market
TABLE 5 Acquisition and Mergers– Smart Meter Data Management Market
TABLE 6 North America Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 7 North America Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 8 North America Software Market, By Country, 2019 - 2022, USD Million
TABLE 9 North America Software Market, By Country, 2023 - 2030, USD Million
TABLE 10 North America Services Market, By Country, 2019 - 2022, USD Million
TABLE 11 North America Services Market, By Country, 2023 - 2030, USD Million
TABLE 12 North America Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 13 North America Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 14 North America Electric Meters Market, By Country, 2019 - 2022, USD Million
TABLE 15 North America Electric Meters Market, By Country, 2023 - 2030, USD Million
TABLE 16 North America Gas Meters Market, By Country, 2019 - 2022, USD Million
TABLE 17 North America Gas Meters Market, By Country, 2023 - 2030, USD Million
TABLE 18 North America Water Meters Market, By Country, 2019 - 2022, USD Million
TABLE 19 North America Water Meters Market, By Country, 2023 - 2030, USD Million
TABLE 20 North America Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 21 North America Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 22 North America On-premise Market, By Country, 2019 - 2022, USD Million
TABLE 23 North America On-premise Market, By Country, 2023 - 2030, USD Million
TABLE 24 North America Cloud Market, By Country, 2019 - 2022, USD Million
TABLE 25 North America Cloud Market, By Country, 2023 - 2030, USD Million
TABLE 26 North America Smart Meter Data Management Market, By Country, 2019 - 2022, USD Million
TABLE 27 North America Smart Meter Data Management Market, By Country, 2023 - 2030, USD Million
TABLE 28 US Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 29 US Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 30 US Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 31 US Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 32 US Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 33 US Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 34 US Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 35 US Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 36 Canada Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 37 Canada Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 38 Canada Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 39 Canada Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 40 Canada Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 41 Canada Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 42 Canada Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 43 Canada Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 44 Mexico Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 45 Mexico Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 46 Mexico Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 47 Mexico Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 48 Mexico Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 49 Mexico Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 50 Mexico Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 51 Mexico Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 52 Rest of North America Smart Meter Data Management Market, 2019 - 2022, USD Million
TABLE 53 Rest of North America Smart Meter Data Management Market, 2023 - 2030, USD Million
TABLE 54 Rest of North America Smart Meter Data Management Market, By Component, 2019 - 2022, USD Million
TABLE 55 Rest of North America Smart Meter Data Management Market, By Component, 2023 - 2030, USD Million
TABLE 56 Rest of North America Smart Meter Data Management Market, By Application, 2019 - 2022, USD Million
TABLE 57 Rest of North America Smart Meter Data Management Market, By Application, 2023 - 2030, USD Million
TABLE 58 Rest of North America Smart Meter Data Management Market, By Deployment Mode, 2019 - 2022, USD Million
TABLE 59 Rest of North America Smart Meter Data Management Market, By Deployment Mode, 2023 - 2030, USD Million
TABLE 60 Key Information – Oracle Corporation
TABLE 61 Key Information – Trilliant Holdings, Inc.
TABLE 62 Key Information – Itron, Inc.
TABLE 63 Key Information – Arad Group
TABLE 64 Key Information – Siemens AG
TABLE 65 Key Information – ABB Group
TABLE 66 Key Information – Honeywell International, Inc.
TABLE 67 Key Information – Eaton Corporation PLC
TABLE 68 Key Information – Hubbell Incorporated
TABLE 69 Key Information – Hansen Technologies Ltd.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Smart Meter Data Management Market, 2019 – 2030, USD Million
FIG 3 Key Factors Impacting Smart Meter Data Management Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2020, Jan – 2023, Nov) Leading Players
FIG 7 Porter’s Five Forces Analysis – Smart Meter Data Management Market
FIG 8 North America Smart Meter Data Management Market share, By Component, 2022
FIG 9 North America Smart Meter Data Management Market share, By Component, 2030
FIG 10 North America Smart Meter Data Management Market, By Component, 2019 - 2030, USD Million
FIG 11 North America Smart Meter Data Management Market share, By Application, 2022
FIG 12 North America Smart Meter Data Management Market share, By Application, 2030
FIG 13 North America Smart Meter Data Management Market, By Application, 2019 - 2030, USD Million
FIG 14 North America Smart Meter Data Management Market share, By Deployment Mode, 2022
FIG 15 North America Smart Meter Data Management Market share, By Deployment Mode, 2030
FIG 16 North America Smart Meter Data Management Market, By Deployment Mode, 2019 - 2030, USD Million
FIG 17 North America Smart Meter Data Management Market share, By Country, 2022
FIG 18 North America Smart Meter Data Management Market share, By Country, 2030
FIG 19 North America Smart Meter Data Management Market, By Country, 2019 - 2030, USD Million
FIG 20 SWOT Analysis: Oracle Corporation
FIG 21 Recent strategies and developments: Trilliant Holdings, Inc.
FIG 22 Recent strategies and developments: Itron, Inc.
FIG 23 SWOT Analysis: Itron, Inc.
FIG 24 Recent strategies and developments: Siemens AG
FIG 25 SWOT Analysis: Siemens AG
FIG 26 SWOT Analysis: ABB Group
FIG 27 Recent strategies and developments: Honeywell International, Inc.
FIG 28 SWOT Analysis: Honeywell international, inc.
FIG 29 SWOT Analysis: Eaton Corporation PLC
FIG 30 SWOT Analysis: Hubbell Incorporated