Meter Data Management Industry Statistics

The Meter Data Management industry is projected to experience steady growth due to increasing demand for advanced metering systems and smart grid technology.

Statistic 1

"The Meter Data Management Systems market is moderately consolidated with key players like Itron Inc., Eaton Corporation Plc, and Honeywell International Inc."

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Statistic 2

"Europe is the biggest market for meter data management systems, owing to countries such as UK, Germany, and France implementing smart meter roll out plans."

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Statistic 3

"Asia-Pacific is forecasted to become fastest-growing market for meter data management systems during 2020-2025."

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Statistic 4

"Energy generated from renewable sources is expected to create opportunities for meter data management market."

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Statistic 5

"Siemens AG held the largest market share of 25% in Meter Data Management Systems in 2019."

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Statistic 6

"The Meter Data Management (MDM) industry is forecasted to witness a significant growth over 2021-2026."

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Statistic 7

"Demand for customer-centric approach and electricity theft concerns have significantly escalated the need for MDM implementation."

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Statistic 8

"The key market players for global Meter Data Management System are: Siemens, Honeywell, Ion, Landis+Gyr, and Kamstrup."

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Statistic 9

"The market in North America is expected to grow annually by 8.4% (CAGR 2021-2025)."

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Statistic 10

"The meter data management systems market is expected to reach revenue of $247 million by 2025."

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Statistic 11

"Asia Pacific Meter Data Management market size accounted to USD xx million in 2017."

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Statistic 12

"Arad Group, Elster Group SE, Itron Inc., Landis GYR, Siemens AG, and Schneider Electric SE are among the key providers of meter data management in Asia Pacific."

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Statistic 13

"Market players are increasingly focusing on the development of the online solution for meter data management owing to the continuous evolution of cloud-based technologies."

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Statistic 14

"The largest segment by application, power industry, is expected to grow at a CAGR of 12% during 2021-2026."

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Statistic 15

"Small and medium enterprises are expected to witness substantial adoption of meter data management solutions in the coming years."

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