스마트 미터 데이터 관리 시장 규모는 2030년까지 49억 달러에 달할 것으로 예측되며, 예측 기간 중 CAGR은 17.3%의 성장률로 상승할 전망입니다.
KBV Cardinal 매트릭스에 게재된 분석에 따르면 Oracle은 이 시장에서 주요 선구자입니다. 지멘스 AG, 하니웰 인터내셔널, ABB 그룹과 같은 기업은 시장의 주요 혁신자입니다. 2023년 9월 Siemens AG는 상수도, 하수도, 폐수산업에서 여러 기업의 지주회사인 NWG와 손을 잡았습니다. 이 제휴는 미터 데이터 관리 SaaS의 개발, 테스트 및 도입을 목적으로 합니다.
시장 성장 요인
그리드의 디지털화를 촉진하는 유리한 정부 시책 및 투자
이 시장은 스마트 미터 설치에 관한 정부의 규칙과 인센티브에 의해 활성화되고 있습니다. 미국 국제무역위원회에 따르면, 많은 유명한 전력회사는 정부의 지령이나 인센티브가 없는 스마트 미터 기술에 대한 투자에 신중합니다. 이는 전력회사의 자본지출 능력이 제한되어 있기 때문입니다. 또한 전력 회사는 스마트 미터를 설치함으로써 장기적인 이점을 인식하고 정부 인센티브가 있는 경우 투자를 촉진하고 있습니다. 이에 따라 세계 각국의 정부는 스마트 미터 및 스마트 그리드의 전개를 촉진하기 위해 많은 규제와 지령을 제정하고 있습니다. 따라서 이러한 요인들은 예측 기간 동안 시장 성장을 가속할 것으로 예상됩니다.
기술적 및 상업적 손실 감소와 전기 자동차 및 하이브리드 차량에 대한 수요 증가
전기 자동차는 선진국, 특히 미국에서 높은 수요가 있습니다. Chevrolet Bolt는 General Motors가 제조하는 플러그인 하이브리드 자동차입니다. 포드 일렉트릭 포커스는 포드 모터 컴퍼니에 의해 개발되고 있습니다. 리프는 닛산 자동차가 제조하고 있습니다. 이 대기업은 모두 전기 자동차 및 하이브리드 자동차의 개발에 다시 힘을 쏟고 있습니다. 또한 OLA 일렉트릭과 Ather Energy와 같은 수많은 중소기업들이 특수 플러그인 전기자동차(PEV)를 개발하고 있습니다. 따라서 이러한 측면은 예측되는 연수에 걸쳐 시장의 추가 개척을 촉진할 것으로 예상됩니다.
시장 성장 억제요인
대규모 초기 투자 및 유지 보수 비용
스마트 미터 배포에는 휴대용 장치, 통신 네트워크, MDMS, MDA 및 기타 소프트웨어를 포함한 여러 구성 요소가 포함됩니다. 또한 컨설팅, 유지보수, 설치, 통합, 업그레이드 등 스마트 미터 설치와 관련된 서비스에는 추가 비용이 발생하므로 스마트 미터 데이터 관리 소프트웨어의 채택이 크게 저해됩니다. 게다가, 기존 시스템과 최신 시스템의 통합과 관련된 많은 기업 문제는 특히 중소기업에서 시장 개척을 예견하고 있습니다. 그러므로 이러한 측면은 예측 기간 동안 전체 시장의 성장을 감속시킬 것입니다.
구성 요소 전망
구성 요소에 따라 시장은 소프트웨어 및 서비스로 이분됩니다. 2021년에는 소프트웨어 분야가 시장에서 가장 높은 수익 점유율을 획득했습니다. 이는 보다 효율적인 에너지 소비를 가능하게 하고 이산화탄소 배출 억제에 대한 의식을 높이는 산업 분야에서 에너지 관리 소프트웨어에 대한 의식이 높아지기 때문입니다. 게다가 스마트 미터 설치 증가로 이 분야의 성장이 더욱 촉진될 것으로 보입니다. 정확한 청구를 위해 데이터의 포맷, 처리, 연관에 소프트웨어가 이용되고 있습니다.
용도 전망
용도별로 시장은 전기 미터, 가스 미터, 수도 미터로 구분됩니다. 2021년에는 가스 미터 부문이 시장에서 큰 수익 점유율을 차지했습니다. 이는 스마트 가스 미터가 압력, 부피, 온도 등 파이프라인을 통해 흐르는 가스의 기본 특성을 자동으로 측정하기 때문입니다. 산업, 상업 및 주택에 스마트 가스 미터를 설치하는 것은 모두가 가스를 사용할 수 있도록 하기 위한 다음 단계입니다. 가스 미터에는 차이가 없으며 시장은 앞으로도 급성장을 계속할 것으로 보입니다. 게다가 안전에 대한 관심 및 기준 증가는 최근 세계 스마트 가스 미터 시장의 두 자리 성장에 기여하고 있습니다.
배포 모드 전망
배포 모드에 따라 시장은 온프레미스와 클라우드로 분류됩니다. 2021년에는 온프레미스 부문이 시장에서 가장 큰 수익 점유율을 획득했습니다. 이는 대기업의 온프레미스 플랫폼 도입에 대한 투자가 확대되고 있기 때문입니다. 클라우드 배포의 인기가 높아지고 있음에도 불구하고 온프레미스 배포는 광범위한 기업의 요구를 계속 충족하고 있습니다. 또한 이 부문 증가는 데이터 프라이버시 및 보안과 같은 관련 이점 때문입니다. 도입된 소프트웨어를 완벽하게 관리할 수 있으므로 데이터 유출을 방지할 수 있습니다. 또한 온프레미스 솔루션은 설치가 쉽고 저장된 데이터는 향후 재처리에 사용할 수 있습니다.
지역별 전망
지역별로는 북미, 유럽, APAC, LAMEA에서 분석됩니다. 2021년에는 APAC가 시장 전체에서 지배적인 지역으로 부상했습니다. 이 지역 시장의 성장은 야심적인 스마트 그리드 시스템 설치를 위한 차세대 계측 인프라를 이용할 수 있는 것과, 이 지역 전체에서 스마트 미터의 설치가 증가하고 있기 때문입니다. 또한 제조업, 자동차, 에너지 및 유틸리티 등 다양한 산업에서 에너지 소비를 개선하고 유행시 적절한 에너지 사용을 가능하게 하기 위해 스마트 미터의 도입이 증가하고 있는 것이 이 지역 시장을 전진시키고 있습니다.
The Global Smart Meter Data Management Market size is expected to reach $4.9 billion by 2030, rising at a market growth of 17.3% CAGR during the forecast period.
The Smart water metering system uses wired and wireless communications technologies, such as the Wi-Fi water meter, to connect LAN or wide area networks, allowing for remote location monitoring and infrastructure repair via leak detection. Therefore, the Water Meters segment generated $178.4 million revenue in the market in 2022. In addition, the smart water metering system can be used in the industrial, residential, and commercial sectors to bill water, energy consumption, and natural gas. Furthermore, across a water utility's supply chain, smart electronic water meters are integrated with advanced water mapping tools and provide trustworthy monitoring solutions.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In November, 2022, Siemens AG came into partnership with SEW, a German manufacturing company. This partnership aimed to enhance the customer and workforce experiences for utility smart meter users and hasten the path to a 100 percent renewable world. Moreover, In August, 2021, Siemens came into a partnership with Tata Power Delhi Distribution Limited, a joint venture between the Government of NCT of Delhi and Tata Power Company Limited. Through this partnership, the companies aimed to deploy Smart Metering Technology for over 200,000 Smart Meters in North Delhi.
Based on the Analysis presented in the KBV Cardinal matrix; Oracle Corporation is the major forerunner in the Market. Companies such as Siemens AG, Honeywell International, Inc. and ABB Group are some of the key innovators in the Market. In September 2023, Siemens AG joined hands with NWG, the holding company for several companies in the water supply, sewerage, and wastewater industries. This collaboration aimed to create, develop, test, and introduce the meter data management SaaS.
Market Growth Factors
Favorable Government measures and investments encouraging grid digitization
The market is fueled by government rules and incentives for smart meter installation. According to the US International Trade Commission, many prominent utilities are cautious of investing in smart meter technology without a government mandate or incentives. This is due to the limited capital expenditure capacity of utilities. Furthermore, utilities are becoming aware of the long-term benefits of installing smart meters, driving investments in the presence of government incentives. As a response, governments around the world have enacted a slew of regulations and mandates to facilitate the deployment of smart meters and smart grids. Hence, these factors are anticipated to fuel the growth of the Market during the forecasting period.
Increasing demand for reducing technical & commercial losses and electric and hybrid vehicles
Electric vehicles are in high demand in industrialized countries, particularly in the United States. Chevrolet Volt is a plug-in hybrid car manufactured by General Motors. The Ford Electric Focus is being developed by Ford Motor Company. The Leaf is manufactured by Nissan Motors. All of these large corporations are refocusing their efforts on developing electric and hybrid automobiles. Moreover, numerous small businesses, such as OLA Electric and Ather Energy, are developing specialized plug-in electric vehicles (PEVs). Therefore, these aspects are expected to fuel the further development of the Market over the forecast years.
Market Restraining Factors
Substantial initial investments and maintenance costs
Smart meter deployment involves several components, including a handheld device, communication network, MDMS, MDA, and other software. Furthermore, services connected to smart meter installations, such as consultancy, maintenance, installation, integration, and upgradation, incur additional costs, impeding the adoption of smart meter data management software significantly. Moreover, many firms' issues with traditional and modern system integrations have predicted market development, particularly among SMEs. Hence, these aspects are set to slow down the growth of the overall Market throughout the forecast period.
Component Outlook
Based on the Component, the Market is bifurcated into Software and Service. In 2021, the Software segment procured the highest revenue share of the Market. This is due to a surge in awareness of energy management software in industrial sectors, which allows for more efficient energy consumption and increased awareness of carbon emission control. Moreover, the growth of the segment would be further driven due to the increased smart meter installation. To ensure exact billing, software is utilised to format, process, and correlate data.
Application Outlook
On the basis of Application, the Market is segmented into Electric Meters, Gas Meters, and Water Meters. The Gas Meters segment held a significant revenue share of the Market in 2021. This is because Smart gas meters automatically measure the basic properties of the gas flowing through the pipeline, such as pressure, volume, and temperature. The installation of smart gas meters in industrial, commercial, and residential settings is the next stage in ensuring that everyone has access to gas. There has been no disparity in gas meters, ensuring that the market would continue to grow rapidly in the coming years. Furthermore, an increase in safety concerns and standards has contributed to double-digit growth in the global smart gas meter market in recent years.
Deployment Mode Outlook
Based on the Deployment Mode, the Market is categorized into On-premise and Cloud. In 2021, the On-premise segment collected the largest revenue share of the Market. This is because of the growing investments by large organizations in on-premise platform implementation. Despite the fact that cloud deployment has grown in popularity, on-premise deployment continues to satisfy the needs of a wide range of businesses. Furthermore, the segment's rise is due to associated benefits such as data privacy and security. Because they have complete control over the deployed software, they are able to prevent data breaches. Furthermore, the on-premise solutions are simple to install, and the data saved can be used for future reprocessing.
Regional Outlook
By Region, the Market is analyzed across North America, Europe, APAC, and LAMEA. In 2021, the APAC emerged as the dominating region in the overall market. The growth of the regional market is owed to the availability of next-generation metering infrastructure for ambitious smart grid system installations and an increase in smart meter installation across the region. Furthermore, the increased implementation of smart meters across various industries, such as manufacturing, automotive, and energy & utility, to improve energy consumption and enable proper energy usage during epidemic situations, is propelling the market in this region forward.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Oracle Corporation, Trilliant Holdings, Inc., Itron, Inc., Arad Group, Siemens AG, ABB Group, Honeywell International, Inc., Eaton Corporation PLC, Hubbell Incorporated and Hansen Technologies, Ltd.
Recent Strategies Deployed in Smart Meter Data Management Market
Partnerships, Collaborations & Agreements:
Nov-2023: Trilliant Holdings, Inc. extending its partnership with Tenaga Nasional Berhad, the largest electricity utility in Malaysia and a leading utility company in Asia. This partnership aimed to accelerate smart meter deployment nationally to meet their energy transition vision.
Nov-2023: Trilliant Holdings, Inc. partnered with IntelliSmart, India's leading smart metering and digital solutions provider. This partnership aimed to introduce a head-end system for smart meters.
Sep-2023: Honeywell International, Inc. partnered with Quantinuum, a quantum computing company. This partnership aimed to combine quantum computing-hardened encryption keys into its smart utility meters.
Sep-2023: Siemens AG joined hands with NWG, the holding company for several companies in the water supply, sewerage, and wastewater industries. This collaboration aimed to create, develop, test, and introduce the meter data management SaaS.
Feb-2023: Itron, Inc. collaborated with Smart Energy Water, an industry-leading cloud platform provider. Through this collaboration, both companies aimed to accelerate the value realized from Itron's distributed intelligence ecosystem and advanced metering infrastructure data through more effective data sharing and consumer empowerment.
Nov-2022: Siemens AG came into partnership with SEW, a German manufacturing company. This partnership aimed to enhance the customer and workforce experiences for utility smart meter users and hasten the path to a 100 percent renewable world.
Sep-2022: Trilliant Holdings, Inc. came into partnership with Vi Business, the enterprise arm of leading telecom operator Vodafone Idea Limited. This partnership aimed to leverage joint domain expertise to design and implement integrated IoT solutions for Advanced Metering Infrastructure projects in India.
Mar-2022: Itron joined hands with Utilismart Corporation, a provider of meter data management-driven analytics. Under this collaboration, the companies aimed to fill the space that miniature utilities are facing between AMI and AMR solutions and provide a substitute completed operated and hosted meter reading and data accusation model that also addresses increasing submetering necessity. Moreover, utilities would have an entire data management solution that can support the automation of enterprise procedures and present the information for improved company decision-making.
Nov-2021: Trilliant formed a partnership with FLONIDAN, a leading provider of smart gas meters. Through this collaboration, the FLONIDAN would enable utilities to securely and safely recover gas meter data, either direct through Trilliant RF WANs or by employing actual cellular networks, via Zigbee or Wireless mBus networks, all to provide functional data into consumers' hands. Together, the companies aimed to develop global solutions for all meter connection kinds, such as new carbon-friendly hydrogen meters, for prepayment and credit applications that demand no hardware derived to provide the best total price of ownership.
Aug-2021: Siemens came into a partnership with Tata Power Delhi Distribution Limited, a joint venture between the Government of NCT of Delhi and Tata Power Company Limited. Through this partnership, the companies aimed to deploy Smart Metering Technology for over 200,000 Smart Meters in North Delhi. Additionally, Siemens' technologies would support Tata Power-DDL to accomplish their ESG targets of energy efficiency, decreased greenhouse gas emissions, and enhanced safety for workers and the people. Moreover, Siemens is also working towards enhancing safety and accuracy in operations for Tata Power-DDL's crucial energy benefits.
May-2021: Itron formed a partnership with Microsoft, an American multinational technology corporation. Through this partnership, the companies aimed to advance highly ascendable cloud-based meter data management services to assist utilities completely using data obtained from AMI and expand smart meter use cases.
Product Launches and Product Expansions:
Nov-2023: ABB Group released ABB Ability SmartMaster, a comprehensive asset performance management platform. The launched product would support in verification and condition monitoring of instrumentation and field devices in the water, wastewater, oil and gas, chemical, and other industries.
Sep-2023: ABB Group revealed CoriolisMaster and ProcessMaster flowmeters, a versatile, reasonably priced, most accurate flow meter. This launch aimed to reduce installation time and cost and increase the speed and reliability of data transmission.
May-2023: Honeywell International, Inc. introduced Next Generation Cellular Module, a groundbreaking solution that upgrades legacy gas and water meters into smart meters. The launched product would enable meters to be wirelessly connected through existing public cellular networks, improving monitoring, safety, and analytics capabilities for utility providers.
Feb-2023: Oracle Corporation introduced a new Oracle Utilities Network Management System, a new automated grid management and built-in AI. The launched product would support utilities in navigating the fast-evolving energy grid and rapidly expanding distributed energy resources.
May-2022: Siemens AG introduced an open, modular portfolio of grid software, that addresses the increasingly critical energy transition. The launched suite would enhance smart meter data management which includes a cloud-native option or improved task efficiency by up to 85 percent by redefining the user experience.
Feb-2022: ABB India introduced new series of power monitoring and electrical measuring meters. The meters would allow consumers to make a better decision to surveillance their power utilization. Moreover, the meters would guarantee basic to complete power quality accurately and analysis monitor the energy benefit for industrial, residential, and commercial building segments.
Nov-2021: Siemens introduced EnergyIP, focusing on improved consumer experience. The smart meter data analogize all applicable data on one screen, making it accessible to understand and identify interaction and root causes through immersive shortcuts and visualizations. Additionally, energy Mosaic software is perceptive and capable with noticeably lesser clicks, which leads to task time detection by up to 85 per cent.
Feb-2021: Honeywell unveiled the Honeywell E-Mon Class 6000 product range, a new era of multi-protocol-capable energy. The meters assist building landowners with better surveillance, measuring and controlling energy use throughout a building in an easy installation and operation form. Moreover, with The perceptive E-Mon app, consumers can rapidly instruct the meters and feel confident in its dependable everyday operation.
Mergers & Acquisition:
Oct-2021: Itron completed the acquisition of Smart Efficient Lighting Control, a market leader in the smart lighting controls enterprise. Through this acquisition, the companies aimed to add SELC's products to its solution offering, Itron vertically blend its smart city portfolio, growing Itron's leadership as an end-to-end smart city solution supplier. Additionally, SELC allows Itron to construct on authorized smart cities leadership by expanding the abilities of smart city platforms.
Market Segments covered in the Report:
By Component
By Application
By Deployment Mode
By Geography
Companies Profiled
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