市場調查報告書
商品編碼
1397758
智慧電錶資料管理全球市場規模、佔有率、產業趨勢分析報告:按組件、按應用、按部署模式、按地區、展望和預測,2023-2030Global Smart Meter Data Management Market Size, Share & Industry Trends Analysis Report By Component, By Application (Electric Meters, Gas Meters and Water Meters), By Deployment Mode (On-premise and Cloud), By Regional Outlook and Forecast, 2023 - 2030 |
到 2030 年,智慧電錶資料管理市場規模預計將達到 49 億美元,預測期內市場成長率為 17.3%。
根據 KBV Cardinal Matrix 發布的分析,Oracle是該市場的領導者。西門子公司、Honeywell國際公司和 ABB 集團等公司是市場上的主要創新者。 2023 年 9 月,西門子股份公司與 NWG 聯手,NWG 是一家控股公司,旗下擁有多家水、廢水和污水產業公司。此合作夥伴關係旨在開發、測試和部署儀表資料管理 SaaS。
市場成長要素
加速電網數位化的政府有利措施和投資
政府法規和智慧電錶安裝獎勵正在推動市場發展。據美國國際貿易委員會稱,在沒有政府授權或獎勵的情況下,許多知名電力公司對投資智慧電錶技術持謹慎態度。這是因為公用事業公司的資本支出能力有限。此外,公用事業公司越來越認知到安裝智慧電錶的長期好處,並鼓勵在政府獎勵存在的情況下進行投資。為此,世界各國政府頒布了一系列法規和指令,以促進智慧電錶和智慧電網的部署。因此,這些因素預計將在預測期內推動市場成長。
減少技術和商業性損失並增加對電動車和混合汽車的需求
電動車在已開發國家,尤其是美國的需求量很大。雪佛蘭 Volt 是通用汽車公司生產的插電式混合。福特電動福克斯由福特汽車公司開發。 Leaf由汽車製造。所有這些大公司都在重新集中精力開發電動車和混合汽車。此外,一些中小型公司,例如 OLA Electric 和 Other Energy,正在開發專門的插電動車(PEV)。因此,預計這些方面將在預計幾年內推動市場的進一步開拓。
市場抑制因素
初期投資及維護費用大
智慧電錶部署涉及多個組件,例如手持設備、通訊網路、MDMS、MDA 和其他軟體。此外,與智慧電錶安裝相關的服務(例如諮詢、維護、安裝、整合和升級)會產生額外成本,這極大地抑制了智慧電錶資料管理軟體的採用。此外,許多公司在遺留系統和現代系統整合方面面臨的問題預示著市場的開拓,特別是在中小企業中。因此,這些方面將減緩整個預測期內的整體市場成長。
組件展望
根據組件,市場分為軟體和服務。 2021年,軟體產業的市場收益佔有率最高。這是由於工業部門對能源管理軟體的認知不斷增強,它可以實現更有效率的能源消耗並提高減少碳排放的意識。此外,智慧電錶安裝量的增加預計將進一步推動該產業的成長。軟體用於格式化、處理和關聯資料以實現準確的申請。
應用前景
按應用分類,市場分為電錶、燃氣表和水錶。 2021年,燃氣表細分市場在市場中佔據重要的收益佔有率。這是因為智慧型燃氣表自動測量流經管道的氣體的基本特徵,例如壓力、體積和溫度。在工業、商業和住宅中安裝智慧瓦斯表是讓每個人都能用上天然氣的階段。燃氣表之間不存在差異,市場預計將繼續快速成長。此外,安全問題和標準的提高推動了近年來全球智慧燃氣表市場的兩位數成長。
部署模式展望
根據部署模式,市場分為本地和雲端。 2021 年,本地細分市場佔據了市場上最大的收益佔有率。這是因為大型企業擴大投資於本地平台部署。儘管雲端部署越來越受歡迎,但本地部署仍然可以滿足廣泛企業的需求。此外,該細分市場的成長得益於資料隱私和安全等相關優勢。對已部署軟體的完全控制有助於防止資料外洩。此外,本地解決方案易於安裝,並且儲存的資料可供將來重新處理。
區域展望
從區域來看,我們對北美、歐洲、亞太地區和拉丁美洲地區進行了分析。 2021年,亞太地區成為整個市場的主導區域。該區域市場的成長是由雄心勃勃的智慧電網系統安裝的下一代計量基礎設施的可用性以及全部區域的智慧電錶安裝量增加所推動的。此外,該地區的製造、汽車、能源和公共產業等各個行業擴大採用智慧電錶,以改善能源消耗並在疫情爆發期間實現適當的能源使用,從而推動市場發展。
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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