GITNUX MARKETDATA REPORT 2024

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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