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Global Meter Data Management Market 2012-2016

Global meter data management market: 16.5% CAGR growth forecast between 2012-16


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2014-01-23 18:29:01 - Global Meter Data Management Market 2012-2016 - a new market research report on companiesandmarkets.com

The Global Meter Data Management market is to grow at a CAGR of 16.55 percent over the period 2012-2016. One of the key factors contributing to this market growth is the need to reduce the incidences of electricity theft. The Global Meter Data Management market has also been witnessing an increasing support from regulatory authorities. However, data management issues could pose a challenge to the growth of this market.

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.

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.

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 key vendors dominating this space include Elster Group SE, Itron Inc., Landis+Gyr AG, Oracle Corp., and Siemens AG.

The other vendors mentioned include Aclara Software Inc., Cuculus GmbH, ElectSolve Technology Solutions & Services Inc., Enoro AS, Enoro AS, Ferranti Computer Systems N.V., Gruppo Engineering, Harris Utilities, North Star Utilities Solutions, OSIsoft Inc., Powel AS, and Robotron Datenbank-Software GmbH.

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Mike King
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