Market by Deployment Type, Component, Application, and Country Outlook | Forecast 2024-2032
Triton’s research report states that the Europe smart meter data management market is set to witness progression at a compound annual growth rate of 16.02% over the forecast years 2024-2032.
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The countries in this region are:
•       United Kingdom
•       Germany
•       FranceÂ
•       Italy
•       Spain
•       Poland
•       Rest of Europe
The smart meter data management market in Europe stands out globally for its revenue generation. With several mandates by the European Union (EU), several opportunities have been fostered for foreign and domestic suppliers while also encouraging the adoption of smart metering and associated technologies. Government policies promoting efficient electricity management, coupled with preventive measures against electricity theft and the widespread deployment of smart meters in Central and Eastern Europe, collectively drive the studied market in Europe.
In recent years, Germany has made significant strides in the smart meter data management market, supported by stringent regulatory frameworks and a strong commitment to digital transformation in energy management. The government has enacted policies that mandate the installation of smart meters, particularly focusing on large consumers and new buildings. Moreover, the integration of renewable energy sources as part of the nation’s energy transition has necessitated advanced data management solutions to handle the increased complexity and volume of data.Â
The UK government mandated the full implementation of smart meters and other grid enhancements for deregulated utilities. Over the years, it initiated several phases aimed at installing smart meters. However, there have been delays in rollouts due to the need for additional time for industry readiness, particularly in the testing of communication infrastructure. Although smart meter shipments have been limited thus far, manufacturers are confident in meeting the anticipated large-scale deployment over the coming years in alignment with government schedules. This is further expected to create opportunities for the smart meter data management market in the upcoming years.Â
The adoption of electric meter data management systems is augmented by increasing demand for energy-efficient metering technology among residential consumers, and supportive government regulations. Market players have introduced innovative products for electric applications, facilitating gas utilities in converting meter data into valuable insights. The market is broadly sectioned into application, deployment type, and component. The application section further includes electric, water, and gas.Â
The notable companies in the market include Landis+Gyr Group, Itron Inc, Siemens AG, Kamstrup, and Oracle.
Established in 1896, Landis+Gyr Group, headquartered in Switzerland, focuses on manufacturing electrical components and equipment, particularly metering solutions for utilities. Its product range includes electricity, gas, heat/cold, and water meters, along with advanced energy management products like grid management solutions and personal energy management systems. Additionally, the company provides software, managed services, cloud services, smart grid services, systems integration, training, consulting, and support services.
KEY DELIVERABLES OF THE REPORT:Â
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the smart meter data management market revenue growth in Europe and its influence on the parent marketÂ
In-depth study of forthcoming trends in consumer behavioral patternsÂ
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Europe smart meter data management market’s growth during the upcoming years
Market by Technology (Data ana ..
VIEW REPORT1. EUROPE
SMART METER DATA MANAGEMENT MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. PORTER’S
FIVE FORCES ANALYSIS
2.1.1. THREAT
OF NEW ENTRANTS
2.1.2. THREAT
OF SUBSTITUTES
2.1.3. BARGAINING
POWER OF BUYERS
2.1.4. BARGAINING
POWER OF SUPPLIERS
2.1.5. THREAT
OF COMPETITIVE RIVALRY
2.2. MARKET
MATURITY ANALYSIS
2.3. SUPPLY
CHAIN ANALYSIS
2.3.1. EFFICIENT
SUPPLY CHAIN MANAGEMENT
2.3.2. OPTIMIZED
DISTRIBUTION NETWORKS
2.3.3. CONTINUOUS
TECHNOLOGICAL INNOVATION
2.3.4. STRONG
CUSTOMER RELATIONSHIP MANAGEMENT
2.4. REGULATORY
FRAMEWORK
2.5. KEY
BUYING IMPACT ANALYSIS
2.5.1. DATA
ACCURACY & INTEGRITY
2.5.2. VENDOR
STABILITY & LONG-TERM SUPPORT
2.5.3. COST-EFFECTIVENESS
& FLEXIBLE PRICING MODELS
2.5.4. EFFECTIVE
TRAINING & USER ONBOARDING
2.6. KEY
MARKET STRATEGIES
2.6.1. COLLABORATIONS
2.6.2. PRODUCT
LAUNCHES
2.6.3. ACQUISITIONS
2.6.4. BUSINESS
DIVESTITURES & EXPANSIONS
2.7. MARKET
DRIVERS
2.7.1. INCREASING
DATA VOLUMES STEMMING FROM SMART METER DEPLOYMENTS
2.7.2. IMPERATIVE
FOR OPERATIONAL EFFICIENCY AND COST OPTIMIZATION
2.7.3. UTILIZATION
OF ANALYTICS TO EXTRACT ACTIONABLE INSIGHTS FROM METER DATA
2.7.4. INTEGRATION
WITH CUSTOMER WEB PORTALS AND ADVANCED METERING INFRASTRUCTURE (AMI)
2.7.5. SUPPORT
AND INCENTIVES PROVIDED BY GOVERNMENTS
2.8. MARKET
CHALLENGES
2.8.1. CONCERNS
REGARDING DATA PRIVACY AND SECURITY DUE TO CYBER RISKS
2.8.2. LACK
OF COMMON STANDARDS LEADING TO INTEROPERABILITY ISSUES
2.8.3. HIGH
INITIAL COSTS ASSOCIATED WITH SMART METERING INFRASTRUCTURE ROLLOUT
2.8.4. SHORTAGE
OF SKILLED PERSONNEL TO EFFECTIVELY UTILIZE DATA
2.9. MARKET
OPPORTUNITIES
2.9.1. EMPHASIS
ON DATA VISUALIZATION AND DERIVING ACTIONABLE INSIGHTS
2.9.2. IMPLEMENTATION
OF SMART CITY AND GRID MODERNIZATION INITIATIVES
2.9.3. ADOPTION
OF BLOCKCHAIN FOR SEAMLESS AND SECURE DATA SHARING
2.10. ANALYST
PERSPECTIVE
3. EUROPE
SMART METER DATA MANAGEMENT MARKET – BY DEPLOYMENT TYPE
3.1. CLOUD-BASED
3.2. ON-PREMISE
4. EUROPE
SMART METER DATA MANAGEMENT MARKET – BY COMPONENT
4.1. SERVICES
4.2. SOFTWARE
5. EUROPE
SMART METER DATA MANAGEMENT MARKET – BY APPLICATION
5.1. GAS
5.2. WATER
5.3. ELECTRIC
6. EUROPE
SMART METER DATA MANAGEMENT MARKET – BY COUNTRY OUTLOOK
6.1. UNITED
KINGDOM
6.1.1. UNITED
KINGDOM SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.2. GERMANY
6.2.1. GERMANY
SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.3. FRANCE
6.3.1. FRANCE
SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.4. SPAIN
6.4.1. SPAIN
SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.5. ITALY
6.5.1. ITALY
SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.6. POLAND
6.6.1. POLAND
SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
6.7. REST
OF EUROPE
6.7.1. REST
OF EUROPE SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS
7. COMPETITIVE
LANDSCAPE
7.1. ARAD
GROUP
7.1.1. OVERVIEW
7.1.2. PRODUCT
PORTFOLIO
7.1.3. KEY
STRENGTH
7.1.4. KEY
CHALLENGE
7.2. ACLARA
TECHNOLOGIES LLC
7.2.1. OVERVIEW
7.2.2. PRODUCT
PORTFOLIO
7.2.3. KEY
STRENGTHS
7.2.4. KEY
CHALLENGE
7.3. PARSONS
CORPORATION
7.3.1. OVERVIEW
7.3.2. PRODUCT
PORTFOLIO
7.3.3. KEY
STRENGTH
7.3.4. KEY
CHALLENGE
7.4. HONEYWELL
INTERNATIONAL INC
7.4.1. OVERVIEW
7.4.2. PRODUCT
PORTFOLIO
7.4.3. KEY
STRENGTHS
7.4.4. KEY
CHALLENGE
7.5. HANSEN
TECHNOLOGIES CORP
7.5.1. OVERVIEW
7.5.2. PRODUCT
PORTFOLIO
7.5.3. KEY
STRENGTHS
7.5.4. KEY
CHALLENGES
7.6. ITRON
INC
7.6.1. OVERVIEW
7.6.2. PRODUCT
PORTFOLIO
7.6.3. KEY
STRENGTHS
7.6.4. KEY
CHALLENGE
7.7. LANDIS+GYR
GROUP
7.7.1. OVERVIEW
7.7.2. PRODUCT
PORTFOLIO
7.7.3. KEY
STRENGTHS
7.7.4. KEY
CHALLENGE
7.8. SIEMENS
AG
7.8.1. OVERVIEW
7.8.2. PRODUCT
PORTFOLIO
7.8.3. KEY
STRENGTHS
7.8.4. KEY
CHALLENGES
7.9. KAMSTRUP
7.9.1. OVERVIEW
7.9.2. PRODUCT
PORTFOLIO
7.9.3. KEY
STRENGTHS
7.9.4. KEY
CHALLENGES
7.10. ORACLE
7.10.1. OVERVIEW
7.10.2. PRODUCT
PORTFOLIO
7.10.3. KEY
STRENGTHS
7.10.4. KEY
CHALLENGES
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: LIST OF COLLABORATIONS
TABLE 4: LIST OF PRODUCT LAUNCHES
TABLE 5: LIST OF ACQUISITIONS
TABLE 6: LIST OF BUSINESS DIVESTITURES &
EXPANSIONS
TABLE 7: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY DEPLOYMENT TYPE, 2024-2032 (IN $ MILLION)
TABLE 8: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY COMPONENT, 2024-2032 (IN $ MILLION)
TABLE 9: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY APPLICATION, 2024-2032 (IN $ MILLION)
TABLE 10: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)
FIGURE 1: MARKET MATURITY ANALYSIS
FIGURE 2: SUPPLY CHAIN ANALYSIS
FIGURE 3: KEY BUYING IMPACT ANALYSIS
FIGURE 4: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY DEPLOYMENT TYPE, 2023 & 2032 (IN %)
FIGURE 5: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY CLOUD-BASED, 2024-2032 (IN $ MILLION)
FIGURE 6: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY ON-PREMISE, 2024-2032 (IN $ MILLION)
FIGURE 7: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY COMPONENT, 2023 & 2032 (IN %)
FIGURE 8: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY SERVICES, 2024-2032 (IN $ MILLION)
FIGURE 9: EUROPE SMART METER DATA MANAGEMENT MARKET,
BY SOFTWARE, 2024-2032 (IN $ MILLION)
FIGURE 10: EUROPE SMART METER DATA MANAGEMENT
MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 11: EUROPE SMART METER DATA MANAGEMENT
MARKET, BY GAS, 2024-2032 (IN $ MILLION)
FIGURE 12: EUROPE SMART METER DATA MANAGEMENT
MARKET, BY WATER, 2024-2032 (IN $ MILLION)
FIGURE 13: EUROPE SMART METER DATA MANAGEMENT
MARKET, BY ELECTRIC, 2024-2032 (IN $ MILLION)
FIGURE 14: EUROPE SMART METER DATA MANAGEMENT
MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 15: UNITED KINGDOM SMART METER DATA
MANAGEMENT MARKET 2024-2032 (IN $ MILLION)
FIGURE 16: GERMANY SMART METER DATA MANAGEMENT
MARKET 2024-2032 (IN $ MILLION)
FIGURE 17: FRANCE SMART METER DATA MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 18: SPAIN SMART METER DATA MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 19: ITALY SMART METER DATA MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 20: POLAND SMART METER DATA MANAGEMENT MARKET
2024-2032 (IN $ MILLION)
FIGURE 21: REST OF EUROPE SMART METER DATA
MANAGEMENT MARKET 2024-2032 (IN $ MILLION)