The global meter data management system market in terms of revenue was worth of USD 60.27 Million in 2020 and is expected to reach USD 97.84 Million in 2027, growing at a CAGR of 6.40% from 2021 to 2027. The Global Meter Data Management System Market is expected to grow at a substantial growth rate due to several driving factors.
A meter data management system (MDMS) belongs to a software-based application that is utilized to accumulate readings from automated metering devices. It performs as a vital component of the advanced metering infrastructure (AMI) that allows bidirectional communication between central management system and the meter. The system mainly incorporates smart meters that measure gas, electricity, and water consumption, together with devices to import, authenticate and procedure data prior to it is used for analysis and final billing. In comparison to the conventionally used systems, meter data management system facilitates the user to establish all consumption data below a single structure and control both analog and interval data to optimize business activities. Meter data management system is a component in the smart grid infrastructure supported by utility companies. This may also integrate meter data analytics, the analysis of data radiated by electric smart meters that track record consumption of electric energy. The system delivers a single repository for handling and managing meter and meter functions data as well as meter read data. MDMS implies to software that operates long-term data storage and management for the enormous quantities of data produced by smart metering systems.
The study provides a crucial view of the global meter data management system market by segmenting the market based on component, service, end-user and region & country level. Based upon the component, global meter data management system market is segmented into hardware and software. Based upon service, the global meter data management system market is classified into water utilities, wastewater management, sanitation management, and others. Based upon end-user, the global meter data management system market is categorized into residential, commercial, and industrial.
The regions covered in this global meter data management system market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of global meter data management system is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Currently, the growing penetration of advanced metering systems coupled with the Internet of things (IoT) and cloud computing systems is likely to drive the market for meter data management systems across the world. There are presently around 3.6 billion smartphones in the world, and their number rises by over 8% per year. For example; a German company, Siemen, launched a new solution named CloudConnect in 2020. Siemens has the technology that links the cloud with all types of plants. Also, according to Eurostat 2021, around 36% of enterprises in 2020 used cloud computing. Similarly, according to the Worldwide Internet of Things Spending Guide, in 2019, Europe was accountable for 23% of global IoT spending. This becomes Europe the third-largest market in IoT expenditure. Europe is projected to account for 25% of IoT spending across the world by 2024. Meter data management systems give the info on meter reading, power cut when power consumption surpasses outside the quantified limit with the use of IoT and cloud computing system. Therefore, the growing penetration of advanced metering systems such as the Internet of things (IoT) and cloud computing systems are eventually boosting the market for meter data management systems throughout the world. In addition, the growing adoption of smart water meters is likely to intensify the growth of meter data management systems globally. For instance, according to Smart Energy International May 2021, around 99 million smart meters had been established as of the end of 2019. Additional 115 million smart meter placements are estimated by the end of 2021. More than half of the United State have attained a rollout of more than 50% and about 58 investor-owned services have fully organized smart meters. However, the high installation cost of smart water meters may hamper the growth of meter data management systems globally over the forecast period. In spite of that, increasing advancements in this field may create more opportunities for the further growth of the market.
The Application segment of the global meter data management system market is dominated by Water Utilities drive with the largest market share of 68.51% in 2020. The end-user segment of global meter data management system market is dominated by residential drive with the largest share of XX% in the year 2020.
Global Meter Data Management System Market: By Application
Global Meter Data Management System Market: By End User
On a geographic basis, North America is expected to dominate the global meter data management system market owing to various factors such as the increasing need to generate accurate bills for consumers based on various tariff rates, the rising adoption of advanced metering infrastructure technologies and the adoption of smart meters, and many more in this region. Increasing innovations in advanced water meter management systems or products in the region is one of the leading factors contributing to the growth of the meter data management system market. For instance; Honeywell’s multi-mode meter data collection solution transformed water utilities meter reading capacity in 2018. METRo solution has completely transformed SES Water’s meter reading ability which is quite easy to utilize route established meter reading software. Likewise, Landis+Gyr, an American company has designed SmartData Connect, a customer engagement platform that converts meter data into an easy to utilize resource for both consumers and service personnel.
The Asia Pacific is the fastest growing region in the meter data management system market due to the ever-growing population, speedy urbanization, and the increasing manufacturing industries in this region. Ever-intensifying awareness about smart water meters is one of the leading factors augmenting the growth of the meter data management system market. For instance; China is currently aiming on lowering water consumption and energy efficiency by the placement of smart grids, smart households, and smart cities in its 12th five-year plan, the usage of smart meters is also supported. The government of China has proclaimed a one-household-one-meter policy across the region. Jiangxi Water Utility has launched a lab to promote the implementation of NB-IoT-enabled smart water meters. The consciousness about smart water meters in the region is expanding.
|Historical data||2015 - 2020|
|Forecast Period||2021 - 2027|
|Market Size in 2020:||USD 60.27 Million|
|Base year considered||2020|
|Forecast Period CAGR %:||
|Market Size Expected in 2027:||USD 97.84 Million|
|Tables, Charts & Figures:||175|
|Key Players/Companies||ABB Ltd., Aclara Technologies LLC, Diehl Metering GmbH, Eaton Corporation, Honeywell International, Inc., Itron Inc., Kamstrup A/S, Landis+Gyr Group AG, Schneider Electric SE, Siemens AG|
|Segments Covered||By Application, By End User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
MDMS (Meter Data Management System) is a system which does real-time data acquisition from the deployed “DCU”s, and organizes the data in the database in a Common Data Format (CDF). Typically it imports the data & then validates, cleanse and process it before making it available for billing and analysis. An MDM system performs long term data storage and management for the vast quantities of data delivered by smart metering systems. This data consists primarily of usage data and events that are imported from the head end servers that manage the data collection in advanced metering infrastructure (AMI) or automatic meter reading (AMR) systems. It provides meter-to-cash system, asset management systems, workforce management system and other systems. Also, it provides reporting abilities for management reports, load and demand forecasting and customer service metrics. An MDMS provides application programming interfaces (APIs) between the MDMS and the multiple destinations that depend on meter data.
Some of the Major Trends of Global Meter Data Management System Market are:
This solution is simple to operate with minimal training needed to understand and start using in the live environment. This METRo solution provides the business with a modern, user friendly solution that both meter readers and meter reading administrators alike find very instinctive. The solution is simple to operate with minimal training needed to understand and start using in the live environment. It has given the introduction of features like GeoGuidance and Map Mapping which has enabled meter readers to work more efficiently. Its Photo Capture functionality for visual or abnormal meter reads will help customer service agents to answer and quickly resolve customer queries coming into the Customer Service Team. Its major benefits for METRo Reader are such as, with this solution very easy to use route based meter reading software, Picture taking, GPS capture and GEO guidance, it Incorporates a rugged Honeywell CT50 handheld which is an excellent device for reliable and trouble free field operation, it Supports wMBus (Wireless MBus) EN13757 standard by allowing for reading of any wMBus meter and many others. Also for METRo Web its benefits are such as, it is cost-effective multi-mode meter data collection software, it has Cloud Based SaaS & Supports multiple RF protocols and endpoints from most brands, Easy to integrate into upstream systems such as billing, meter data management (MDM) & analytic software and others.
Conductor Meter Data Management:
Conductor MDM integrates the data components into a common storage management platform, the industry-leading OSIsoft IPI system. This approach allows Conductor MDM to act as an operational data store as well as a meter data management system by providing a single, secure platform for its utilities. Through which meter data is enriched and analysis can be applied. The NIST Approved-Standards design enables secure integration with its Supervisory Control and Data Acquisition (SCADA) system, making it easy to keep current and historical data relevant to meter data and events. Powerful Conductor MDM Authentication, Prediction, and Editing (VEE) engine validates and corrects raw data collected by smart meters, SCADA, and field devices. It can deliver billing-quality data to your CIS on a daily basis to support millions of service delivery and measurement points and as your network grows. And the authentication rules and prediction algorithms are configurable, so the utility realizes the results that meet your specific needs Requirements.
Yukon Operational Data Management System:
Yukon Operational Data Management System (ODMS) is an enterprise software platform that enables operation of an integrated group of applications on a single platform. As a powerful MultiSpeak-compliant and standards-based software suite, it addresses complete energy automation operations within a multi-faceted utility environment for, water, with additional modules for demand response (DR) and distribution automation (DA). It is a Browser-based modular solution with meter data management system (MDMS) and advanced metering infrastructure (AMI) head-end capabilities and has role-based & user-definable/customizable dashboards to present critical information as well as easy access to additional details and analysis. And, it has built-in geographical visualization and mapping capabilities to provide details on system or network conditions, including outages as well as alarms or events and also has real-time interface capability with Customer Information Systems (CIS)/billing systems, outage management systems (OMS), engineering analysis (EA), SCADA, MDMS, geographical information system (GIS) and Eaton or third-party consumer portal and prepaid metering applications Comprehensive smart grid automation with built-in reporting and analysis tools. This ODMS software is the futureproof, expandable, foundation upon which utilities build, implement and manage smart grids without bolting on multiple, disparate software systems. Yukon software provides end-to-end support of full deployments or dispersed installations of high-value applications including residential and C&I smart metering (electric, water and gas); TOU rate implementation; prepaid billing; capacitor bank control automation; Volt/VAR optimization; demand response; home area networks; street lighting controls; feeder automation; water conservation; and consumer portals.
SmartData Connect (SDC) is a customer engagement platform that transforms meter data into an easy-to-use resource for both consumers and utility personnel. It is a secure and flexible portal, integrated with the Gridstream Command Center head end as well as the Gridstream Meter Data Management (MDM) solutions. The application draws data from the CIS system and marries it with the AMI data to provide consumers with valuable insight into their usage, comparisons against weather and similar properties, as well as tools to help engage them on a regular basis. Users can record events and energy improvements, examining pre and post energy use intensity to gauge the impact of actions on their usage. SDC is coupled with push messaging alerts, and capabilities to facilitate electronic and pre-pay billing. Its Features are such as it provides consumer access to electric, water and gas usage, It Provides support personnel with a tool to more easily diagnose & resolve customer inquiries, It supports energy managing programs such as dynamic pricing, peak alerts and behavioral efficiency, It supports pre-pay programs and online billing, It enables targeted rate and rebate offers guided by usage patterns and property type and many others.
EnergyIP Meter Data Management (MDM):
EnergyIP Meter Data Management (MDM) automates smart meter data management business processes and enables exceptional data quality. This comprehensive set of tools provide customers with a scalable solution for single or multi-commodity to address traditional use cases such as meter-to-cash in electricity, water, gas, and heat. EnergyIP Metering Applications support use cases beyond meter-to-cash. Utilities need to understand their data and be able to forecast to operate efficiently and be able to communicate effectively to their customers. It is a highly scalable system used to connect smart meters from different vendors and the secure connectivity is established via wireless, radio, LAN, and power line communication. EnergyIP MDM offers larger number of features, with a high reliability rate and multi-tenant support for various organizations. It automatically identifies and resolves 99.9% of data issues. Automation excellence and superior data quality is a must in a MDM. It improves operations with reduced manual labor, errors and customer complaints. It automates smart meter data management business processes and enables exceptional data quality. Its comprehensive set of tools enables utilities to address traditional utility use cases like billing as well as, emerging use cases that leverage register, interval, device events and time-of-use data to support a variety of mission-critical enterprise applications.
RF Network for Water Utilities:
This Aclara RF Network for water utilities offers a fixed network, two-way AMI communication that reads water meters safely and accurately electronically without meter readers, drive-way vehicles, or handhelds going beyond the AMR. Its solution provides hourly, time-stamping and time-synchronized meter readings that can help large and small water utilities improve their business operations. The series 3400 MTU is at the heart of the Aclara RF Network for water utilities. It provides the water utility with accurate and timely meter reading data to support revenue management by reducing reading & billing errors and is tested compatible with virtually all AMI-ready water meters available in North America. This series provides a complete system read with all the necessary information to reconcile the amount of water entering the system to the billable water that is consumed, thus identifying the probability of system leaks. Aclara’s RF Network is a proven AMI technology designed to meet today and tomorrow’s needs such as it Reduces distribution costs with scalable and automated meter reading, distribution management and service quality. It enhances consumer engagement with immediate data that provides customers the information they need to understand and make consumption decisions. It lowers operating costs with tools to plan & optimize investments in maintenance and capital upgrades. It creates a data-driven solution to develop and expand the utility’s ability to serve customers and also Support sustainability efforts to protect user's environment and conserve natural resources.
By using EverBlu software, operators/users can get graphical analysis of the meter data. Its consumption curve is available with zooming, printing and export functions for each meter. The full record of consumption alarms (backflow, leakage, etc.) is displayed with clear icons with this software. Data is automatically filtered and exported to the data center, billing system or knowledge applications. In case of customer claims, customer service operators can launch on-request reads directly from the EverBlu software and quickly obtain the actual meter values. Monitoring of the wireless mesh network is made simple using EverBlu detailed statistical analysis of reading rate in calendar view.
With IZAR system user can collect meter readings remotely and automatically and can also rapidly detect and address network issues and anomalies. And it’s through IZAR that user can drive new efficiencies, boost sustainability and increase customer satisfaction for business. It is one of the most complete and robust offers on the market. Unlike many similar radio technologies, it is able to transmit data in particularly challenging environments and climatic conditions. Its long range and capacity to overcome difficult terrain combine with excellent data timeliness and granularity to deliver an extremely high level of accuracy to our customers. When configured as part of an AMI (Advanced Metering Infrastructure) solution, IZAR system and software delivers powerful analytics and insights that empower you to create new network efficiencies.
IZAR MOBILE 2:
IZAR MOBILE 2 is software that designed for fast and efficient mobile reading of IZAR radio modules and multi-energy smart meters. Its ergonomic interface makes its use spontaneous and user-friendly. Furthermore, the map overview of the meters enables precise guidance during the tour reading. It can be delivered pre-installed with IZAR TABLET to benefit from all the software functionalities. However, IZAR MOBILE 2 functions with other Windows operating devices. It offers many enhanced features such as planning and management of multiple tours and remote or local data transfer that connected to IZAR PLUS Portal or IZAR NET 2 management software. It operates as well completely independently with its XLSX interface to import or export data. IZAR NET 2 is the web-based application designed to run locally on utility's servers and PCs. It provides all key features for efficient processing of metering data and easy administration of meter reading via Fixed Network or Walk-By/Drive-By. The high modularity of IZAR NET 2 helps to scale the system according to individual demands and gives a high flexibility of administering metering data, read out processes and the supply network. It provides benefits such as it facilitates multi utility approach by managing all media in one system (Water, Thermal Energy, Gas, and Power), it is high scalable software design focused on mass data management, it has integrated map view for easy organization of devices and readout tours, it is High-performant analysis engine e.g. for leakage detection and to avoid energy losses, it is associated with in-built task scheduler to facilitate meter import/export and analysis jobs, it has instant graphical representation of meter data, it has interactive Dashboard for important information, it has alarm monitoring to notify on problems in the meter network and it uses REST API for easily connecting third party software and a quick implementation process.
SWiM (Smart Water Infrastructure Management) app and Cloud-Based MDM system:-
Unlike any other solution on the market, SWiM brings technologies such as manual handkey, Versaprobe touch-read, radio AMR (Automatic Meter Reading), cellular AMI (Advanced Metering Infrastructure) and other technologies together into one system. It provides a single interface for utility operators. It is designed to connect legacy systems with future technologies by providing integrated data and analytics from one master data platform, without having to abandon older systems that still function efficiently. Its major benefits are such as it integrates data from a wide variety of metering systems, connects legacy systems with new technologies, compatibility with many handheld devices, including Juniper Systems’ Archer 2, Allegro 2, and the Cedar Tree CT4 handheld and it also delivers utility usage alerts, water conservation analytics and cost saving controls directly to a connected device
Thus, these are some of the major trends in the global meter data management systems market.