PUBLISHER: KBV Research | PRODUCT CODE: 1093052
PUBLISHER: KBV Research | PRODUCT CODE: 1093052
Europe Smart Meter Data Management Market Size, Share & Industry Trends Analysis Report By Component, By Application, By Deployment Mode, By Country and Growth Forecast, 2022 - 2028
The Europe Smart Meter Data Management Market would witness market growth of 17.0% CAGR during the forecast period (2022-2028).
The increasing deployment of smart meters, the growth in acceptance of sophisticated metering infrastructure technologies, and the expanding requirement for predictive analytics are some of the catalysts for the overall market. In addition, smart meters keep track of how much water, gas, and electricity are used. As a result, consumption is more efficiently managed, and invoicing and customer service are improved.
The smart meter data management market is expected to grow in response to rising energy demand, regulatory requirements, and legislative compliances toward smart metering, as well as increased desire for greater customer service and utility efficiency. 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 as data distribution and replication, transactional models, query processing, and location-based services, would act as the obstacles to the market growth. Conversely, a considerable rise in meter data volume as a result of collecting interval data drives utilities to use next-generation meter data management solutions, which is expected to open up several lucrative growth opportunities. Furthermore, the increased use of machine learning and artificial intelligence in smart meter data management enhances operational planning, reduces peak demand, increases energy savings, and generates new revenue streams for businesses.
By 2020, the European Union (EU) has mandated that utility firms deliver smart meters to 80% of their electricity customers. This regulation is expected to provide abundant opportunities in the market for both domestic and international smart meter suppliers. The smart meter data management market in Europe is impacted by a high penetration of smart meter installations in Central and Eastern Europe, preventive actions taken to limit power theft, and different favourable government policies regarding electricity management.
The UK government has announced its decisions on consumer engagement, privacy, and security rules, including allowing consumers to set frequency preferences, prohibiting energy suppliers from using energy consumption data without explicit consent, reminding consumers of their previous privacy choices, and allowing them to change their minds. Furthermore, countries such as Russia are concentrating on modernizing their obsolete infrastructure and introducing modern metering and consumption analysis systems. Smart meter sales are increasing as smart meters and smart grids become more widely adopted. Therefore, these aspects are expected to fuel the further development of the regional Smart Meter Data Management Market over the forecast years.
The Germany market dominated the Europe Smart Meter Data Management Market by Country 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $197.8 million by 2028. The UK market is estimated to grow at a CAGR of 16.1% during (2022 - 2028). Additionally, The France market would witness a CAGR of 17.9% during (2022 - 2028).
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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, Aclara Technologies LLC. (Hubbell Incorporated), Hansen Technologies, Ltd.
Scope of the Study
Market Segments covered in the Report:
By Component
- Software
- Services
By Application
- Electric Meters
- Gas Meters
- Water Meters
By Deployment Mode
- On-premise
- Cloud
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Companies Profiled
- Oracle Corporation
- Trilliant Holdings, Inc.
- Itron, Inc.
- Arad Group
- Siemens AG
- ABB Group
- Honeywell International, Inc.
- Eaton Corporation PLC
- Aclara Technologies LLC. (Hubbell Incorporated)
- Hansen Technologies, Ltd.
Unique Offerings from KBV Research
- Exhaustive coverage
- Highest number of market tables and figures
- Subscription based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Smart Meter Data Management Market, by Component
- 1.4.2 Europe Smart Meter Data Management Market, by Application
- 1.4.3 Europe Smart Meter Data Management Market, by Deployment Mode
- 1.4.4 Europe Smart Meter Data Management Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market Overview
- 2.1 Introduction
- 2.1.1 Overview
- 2.1.1.1 Market Composition and Scenario
- 2.1.1 Overview
- 2.2 Key Factors Impacting the Market
- 2.2.1 Market Drivers
- 2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
- 3.1 KBV Cardinal Matrix
- 3.2 Recent Industry Wide Strategic Developments
- 3.2.1 Partnerships, Collaborations and Agreements
- 3.2.2 Product Launches and Product Expansions
- 3.2.3 Acquisition and Mergers
- 3.3 Top Winning Strategies
- 3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
- 3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan - 2022, Mar) Leading Players
Chapter 4. Europe Smart Meter Data Management Market by Component
- 4.1 Europe Software Market by Country
- 4.2 Europe Services Market by Country
Chapter 5. Europe Smart Meter Data Management Market by Application
- 5.1 Europe Electric Meters Market by Country
- 5.2 Europe Gas Meters Market by Country
- 5.3 Europe Water Meters Market by Country
Chapter 6. Europe Smart Meter Data Management Market by Deployment Mode
- 6.1 Europe On-premise Market by Country
- 6.2 Europe Cloud Market by Country
Chapter 7. Europe Smart Meter Data Management Market by Country
- 7.1 Germany Smart Meter Data Management Market
- 7.1.1 Germany Smart Meter Data Management Market by Component
- 7.1.2 Germany Smart Meter Data Management Market by Application
- 7.1.3 Germany Smart Meter Data Management Market by Deployment Mode
- 7.2 UK Smart Meter Data Management Market
- 7.2.1 UK Smart Meter Data Management Market by Component
- 7.2.2 UK Smart Meter Data Management Market by Application
- 7.2.3 UK Smart Meter Data Management Market by Deployment Mode
- 7.3 France Smart Meter Data Management Market
- 7.3.1 France Smart Meter Data Management Market by Component
- 7.3.2 France Smart Meter Data Management Market by Application
- 7.3.3 France Smart Meter Data Management Market by Deployment Mode
- 7.4 Russia Smart Meter Data Management Market
- 7.4.1 Russia Smart Meter Data Management Market by Component
- 7.4.2 Russia Smart Meter Data Management Market by Application
- 7.4.3 Russia Smart Meter Data Management Market by Deployment Mode
- 7.5 Spain Smart Meter Data Management Market
- 7.5.1 Spain Smart Meter Data Management Market by Component
- 7.5.2 Spain Smart Meter Data Management Market by Application
- 7.5.3 Spain Smart Meter Data Management Market by Deployment Mode
- 7.6 Italy Smart Meter Data Management Market
- 7.6.1 Italy Smart Meter Data Management Market by Component
- 7.6.2 Italy Smart Meter Data Management Market by Application
- 7.6.3 Italy Smart Meter Data Management Market by Deployment Mode
- 7.7 Rest of Europe Smart Meter Data Management Market
- 7.7.1 Rest of Europe Smart Meter Data Management Market by Component
- 7.7.2 Rest of Europe Smart Meter Data Management Market by Application
- 7.7.3 Rest of Europe Smart Meter Data Management Market by Deployment Mode
Chapter 8. Company Profiles
- 8.1 Oracle Corporation
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.1 SWOT Analysis
- 8.2 Trilliant Holdings, Inc.
- 8.2.1 Company Overview
- 8.2.2 Recent strategies and developments:
- 8.2.2.1 Partnerships, Collaborations, and Agreements:
- 8.2.2.2 Product Launches and Product Expansions:
- 8.3 Itron, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expense
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Acquisition and Mergers:
- 8.4 Arad Group
- 8.4.1 Company Overview
- 8.5 Siemens AG
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Product Launches and Product Expansions:
- 8.6 ABB Group
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Product Launches and Product Expansions:
- 8.7 Honeywell International, Inc.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Regional & Segmental Analysis
- 8.7.4 Research & Development Expenses
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Partnerships, Collaborations, and Agreements:
- 8.7.5.2 Product Launches and Product Expansions:
- 8.8 Eaton Corporation PLC
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental Analysis
- 8.8.4 Research & Development Expense
- 8.9 Aclara Technologies LLC. (Hubbell Incorporated)
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.10. Hansen Technologies, Ltd.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Regional Analysis
- 8.10.4 Research & Development Expenses
LIST OF TABLES
- TABLE 1 Europe Smart Meter Data Management Market, 2018 - 2021, USD Million
- TABLE 2 Europe Smart Meter Data Management Market, 2022 - 2028, 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 Europe Smart Meter Data Management Market by Component, 2018 - 2021, USD Million
- TABLE 7 Europe Smart Meter Data Management Market by Component, 2022 - 2028, USD Million
- TABLE 8 Europe Software Market by Country, 2018 - 2021, USD Million
- TABLE 9 Europe Software Market by Country, 2022 - 2028, USD Million
- TABLE 10 Europe Services Market by Country, 2018 - 2021, USD Million
- TABLE 11 Europe Services Market by Country, 2022 - 2028, USD Million
- TABLE 12 Europe Smart Meter Data Management Market by Application, 2018 - 2021, USD Million
- TABLE 13 Europe Smart Meter Data Management Market by Application, 2022 - 2028, USD Million
- TABLE 14 Europe Electric Meters Market by Country, 2018 - 2021, USD Million
- TABLE 15 Europe Electric Meters Market by Country, 2022 - 2028, USD Million
- TABLE 16 Europe Gas Meters Market by Country, 2018 - 2021, USD Million
- TABLE 17 Europe Gas Meters Market by Country, 2022 - 2028, USD Million
- TABLE 18 Europe Water Meters Market by Country, 2018 - 2021, USD Million
- TABLE 19 Europe Water Meters Market by Country, 2022 - 2028, USD Million
- TABLE 20 Europe Smart Meter Data Management Market by Deployment Mode, 2018 - 2021, USD Million
- TABLE 21 Europe Smart Meter Data Management Market by Deployment Mode, 2022 - 2028, USD Million
- TABLE 22 Europe On-premise Market by Country, 2018 - 2021, USD Million
- TABLE 23 Europe On-premise Market by Country, 2022 - 2028, USD Million
- TABLE 24 Europe Cloud Market by Country, 2018 - 2021, USD Million
- TABLE 25 Europe Cloud Market by Country, 2022 - 2028, USD Million
- TABLE 26 Europe Smart Meter Data Management Market by Country, 2018 - 2021, USD Million
- TABLE 27 Europe Smart Meter Data Management Market by Country, 2022 - 2028, USD Million
- TABLE 28 Germany Smart Meter Data Management Market, 2018 - 2021, USD Million
- TABLE 29 Germany Smart Meter Data Management Market, 2022 - 2028, USD Million
- TABLE 30 Germany Smart Meter Data Management Market by Component, 2018 - 2021, USD Million
- TABLE 31 Germany Smart Meter Data Management Market by Component, 2022 - 2028, USD Million
- TABLE 32 Germany Smart Meter Data Management Market by Application, 2018 - 2021, USD Million
- TABLE 33 Germany Smart Meter Data Management Market by Application, 2022 - 2028, USD Million
- TABLE 34 Germany Smart Meter Data Management Market by Deployment Mode, 2018 - 2021, USD Million
- TABLE 35 Germany Smart Meter Data Management Market by Deployment Mode, 2022 - 2028, USD Million
- TABLE 36 UK Smart Meter Data Management Market, 2018 - 2021, USD Million
- TABLE 37 UK Smart Meter Data Management Market, 2022 - 2028, USD Million
- TABLE 38 UK Smart Meter Data Management Market by Component, 2018 - 2021, USD Million
- TABLE 39 UK Smart Meter Data Management Market by Component, 2022 - 2028, USD Million
- TABLE 40 UK Smart Meter Data Management Market by Application, 2018 - 2021, USD Million
- TABLE 41 UK Smart Meter Data Management Market by Application, 2022 - 2028, USD Million
- TABLE 42 UK Smart Meter Data Management Market by Deployment Mode, 2018 - 2021, USD Million
- TABLE 43 UK Smart Meter Data Management Market by Deployment Mode, 2022 - 2028, USD Million
- TABLE 44 France Smart Meter Data Management Market, 2018 - 2021, USD Million
- TABLE 45 France Smart Meter Data Management Market, 2022 - 2028, USD Million
- TABLE 46 France Smart Meter Data Management Market by Component, 2018 - 2021, USD Million
- TABLE 47 France Smart Meter Data Management Market by Component, 2022 - 2028, USD Million
- TABLE 48 France Smart Meter Data Management Market by Application, 2018 - 2021, USD Million
- TABLE 49 France Smart Meter Data Management Market by Application, 2022 - 2028, USD Million
- TABLE 50 France Smart Meter Data Management Market by Deployment Mode, 2018 - 2021, USD Million
- TABLE 51 France Smart Meter Data Management Market by Deployment Mode, 2022 - 2028, USD Million
- TABLE 52 Russia Smart Meter Data Management Market, 2018 - 2021, USD Million
- TABLE 53 Russia Smart Meter Data Management Market, 2022 - 2028, USD Million
- TABLE 54 Russia Smart Meter Data Management Market by Component, 2018 - 2021, USD Million
- TABLE 55 Russia Smart Meter Data Management Market by Component, 2022 - 2028, USD Million
- TABLE 56 Russia Smart Meter Data Management Market by Application, 2018 - 2021, USD Million
- TABLE 57 Russia Smart Meter Data Management Market by Application, 2022 - 2028, USD Million
- TABLE 58 Russia Smart Meter Data Management Market by Deployment Mode, 2018 - 2021, USD Million
- TABLE 59 Russia Smart Meter Data Management Market by Deployment Mode, 2022 - 2028, USD Million
- TABLE 60 Spain Smart Meter Data Management Market, 2018 - 2021, USD Million
- TABLE 61 Spain Smart Meter Data Management Market, 2022 - 2028, USD Million
- TABLE 62 Spain Smart Meter Data Management Market by Component, 2018 - 2021, USD Million
- TABLE 63 Spain Smart Meter Data Management Market by Component, 2022 - 2028, USD Million
- TABLE 64 Spain Smart Meter Data Management Market by Application, 2018 - 2021, USD Million
- TABLE 65 Spain Smart Meter Data Management Market by Application, 2022 - 2028, USD Million
- TABLE 66 Spain Smart Meter Data Management Market by Deployment Mode, 2018 - 2021, USD Million
- TABLE 67 Spain Smart Meter Data Management Market by Deployment Mode, 2022 - 2028, USD Million
- TABLE 68 Italy Smart Meter Data Management Market, 2018 - 2021, USD Million
- TABLE 69 Italy Smart Meter Data Management Market, 2022 - 2028, USD Million
- TABLE 70 Italy Smart Meter Data Management Market by Component, 2018 - 2021, USD Million
- TABLE 71 Italy Smart Meter Data Management Market by Component, 2022 - 2028, USD Million
- TABLE 72 Italy Smart Meter Data Management Market by Application, 2018 - 2021, USD Million
- TABLE 73 Italy Smart Meter Data Management Market by Application, 2022 - 2028, USD Million
- TABLE 74 Italy Smart Meter Data Management Market by Deployment Mode, 2018 - 2021, USD Million
- TABLE 75 Italy Smart Meter Data Management Market by Deployment Mode, 2022 - 2028, USD Million
- TABLE 76 Rest of Europe Smart Meter Data Management Market, 2018 - 2021, USD Million
- TABLE 77 Rest of Europe Smart Meter Data Management Market, 2022 - 2028, USD Million
- TABLE 78 Rest of Europe Smart Meter Data Management Market by Component, 2018 - 2021, USD Million
- TABLE 79 Rest of Europe Smart Meter Data Management Market by Component, 2022 - 2028, USD Million
- TABLE 80 Rest of Europe Smart Meter Data Management Market by Application, 2018 - 2021, USD Million
- TABLE 81 Rest of Europe Smart Meter Data Management Market by Application, 2022 - 2028, USD Million
- TABLE 82 Rest of Europe Smart Meter Data Management Market by Deployment Mode, 2018 - 2021, USD Million
- TABLE 83 Rest of Europe Smart Meter Data Management Market by Deployment Mode, 2022 - 2028, USD Million
- TABLE 84 Key Information - Oracle Corporation
- TABLE 85 Key information - Trilliant Holdings, Inc.
- TABLE 86 Key Information - Itron, Inc.
- TABLE 87 key Information - Arad Group
- TABLE 88 Key Information - Siemens AG
- TABLE 89 Key Information - ABB Group
- TABLE 90 Key information - Honeywell International, Inc.
- TABLE 91 key information - Eaton Corporation PLC
- TABLE 92 Key Information - Aclara Technologies LLC.
- TABLE 93 Key Information - Hansen Technologies, Ltd.
List of Figures
- FIG 1 Methodology for the research
- FIG 2 KBV Cardinal Matrix
- FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
- FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan - 2022, Mar) Leading Players
- FIG 5 SWOT analysis: Oracle Corporation
- FIG 6 Recent strategies and developments: Trilliant Holdings, Inc.
- FIG 7 Recent strategies and developments: Itron, Inc.
- FIG 8 Recent strategies and developments: Siemens AG
- FIG 9 Recent strategies and developments: Honeywell International, Inc.
