North America Meter Data Management System Market
No. of Pages: 142 | Report Code: TIPRE00008598 | Category: Technology, Media and Telecommunications
No. of Pages: 142 | Report Code: TIPRE00008598 | Category: Technology, Media and Telecommunications
The meter data management solutions provide transparency for the utilities and municipalities and thereby enable significantly increased efficiency in reading, billing and service processes. Growing concerns for clean and green energy along with the rising support from the US government, the country’s smart grid deployment is expected to propel during the forecast period. In 2018, the Canadian government announced a US$ 76 Mn call for bids to fund smart grid systems. Investments resulting from this call for bids will support bigger-scale demonstrations of encouraging near-commercial smart grid technologies as well as the installation of smart grid integrated systems for reducing greenhouse gas emissions.
In 2017, the Mexican government announced to invest ~US$ 646 Mn over the next eight years for implementing a smart grid intended to increase network flexibility and reliability. In 2007, the government passed the Energy Independence and Security Act, describing characteristics of the Smart Grid and directed Department of Energy (DOE) to establish a Smart Grid Investment Matching Grant (SGIG) program for supporting the modernization of the US electricity system.
US meter data management system market is expected to grow at a good CAGR during the forecast period. The government introduced the “Distributed Energy Demonstration Act of 2017”, which is focused on establishing grant programs concerning the smart grid and its deployment-related technologies. These technologies comprise energy generation technologies, EVs and related supply equipment and systems, response and energy efficiency resources, as well as aggregations and integrated control systems, such as microgrids. Such initiatives by the government are expected to positively influence the deployment of smart grids, thus propelling the growth of the meter data management system market. The figure given below highlights the revenue share of Mexico in the North America meter data management system market in the forecast period:
Strategic insights for the North America Meter Data Management System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2017 | US$ 346.6 Million |
| Market Size by 2027 | US$ 1077.4 Million |
| Global CAGR (2017 - 2027) | 13.1% |
| Historical Data | 2015-2016 |
| Forecast period | 2018-2027 |
| Segments Covered |
By Offering
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Meter Data Management System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The List of Companies – North America Meter Data Management System Market
The North America Meter Data Management System Market is valued at US$ 346.6 Million in 2017, it is projected to reach US$ 1077.4 Million by 2027.
As per our report North America Meter Data Management System Market, the market size is valued at US$ 346.6 Million in 2017, projecting it to reach US$ 1077.4 Million by 2027. This translates to a CAGR of approximately 13.1% during the forecast period.
The North America Meter Data Management System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Meter Data Management System Market report:
The North America Meter Data Management System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Meter Data Management System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Meter Data Management System Market value chain can benefit from the information contained in a comprehensive market report.
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