The North America meter data management system market is expected to grow from US$ 346.6 Mn in 2017 to US$ 1077.4 Mn by the year 2027 at a CAGR of 13.1% during the forecast period.
North America Meter Data Management System Market–Segmentation
North America Meter Data Management System Market By Offering
- Software
- Services
North America Meter Data Management System Market By Utility Type
- Gas
- Water
- Electricity
North America Meter Data Management System Market By Application
- Smart Grid
- Microgrid
- Energy Storage
- EV Charging
- Others
North America Meter Data Management System Market By End-User
- Residential
- Commercial
- Industrial
North America Meter Data Management System Market By Country
- US
- Canada
- Mexico
North America Meter Data Management System Market-Companies Mentioned
- 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
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North America Meter Data Management System Market Overview
The North American Meter Data Management System (MDMS) market is experiencing significant growth, driven by the imperative to enhance utility efficiency and transparency. MDMS solutions are essential for streamlining billing, meter reading, and service delivery. The region’s commitment to sustainable energy, bolstered by government initiatives, is accelerating the adoption of smart grid technologies. In the United States, the Energy Independence and Security Act and the Smart Grid Investment Matching Grant (SGIG) program have been instrumental in modernizing the electrical infrastructure, facilitating the integration of advanced energy management systems. Canada’s 2018 investment of approximately US$ 76 million underscores its dedication to smart grid development, with a focus on reducing greenhouse gas emissions. Mexico’s substantial investment of around US$ 646 million over eight years highlights the region’s focus on enhancing grid reliability and flexibility, supporting the deployment of smart technologies. These investments aim to create a more efficient and environmentally friendly energy infrastructure.
North America Meter Data Management System Strategic Insights
Strategic insights are pivotal for navigating the complexities of the North American MDMS market. These insights offer data-driven analyses of current trends, key players, and regional nuances, empowering stakeholders to make informed decisions. Businesses can differentiate themselves by identifying untapped market segments and developing unique value propositions. The US MDMS market, projected to experience significant compound annual growth rate (CAGR), benefits from initiatives such as the “Distributed Energy Demonstration Act of 2017,” which provides grants for smart grid technologies, including electric vehicle (EV) infrastructure and microgrids. A future-oriented perspective is crucial, enabling stakeholders to anticipate market shifts and position themselves for long-term success. Ultimately, effective strategic insights facilitate informed decisions that drive profitability and achieve strategic objectives in this evolving market landscape.
Historic Data: 2015-2016 | Base Year: 2017 | Forecast Period: 2018-2027
Analysis and Forecasts by Offering (Software and Services); Utility Type (Gas, Water, and Electricity); Application (Smart grid, Microgrid, Energy Storage, EV Charging, and Others); End – User (Residential, Commercial, and Industrial)
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