|[October 11, 2013]
Research and Markets: Global Meter Data Management Market 2012-2016: Read What's Trending
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/h679ps/global_meter_data)
has announced the addition of the "Global
Meter Data Management Market 2012-2016" report to their
The analysts forecast the Global Meter Data Management market to grow at
a CAGR of 16.55 percent over the period 2012-2016. One of the key
factors contributing to this market growth is the need to reduce the
incidences of electricity theft. The Global Meter Data Management market
has also been witnessing an increasing support from regulatory
authorities. However, data management issues could pose a challenge to
the growth of this market.
The key vendors dominating this space include Elster Group SE, Itron
Inc., Landis+Gyr AG, Oracle Corp., and Siemens (News - Alert) AG.
The other vendors mentioned in this report are Aclara Software Inc.,
Cuculus GmbH, ElectSolve Technology Solutions & Services Inc., Enoro AS,
Enoro AS, Ferranti Computer Systems N.V., Gruppo Engineering, Harris
Utilities, North Star Utilities Solutions, OSIsoft Inc., Powel AS, and
Robotron Datenbank-Software GmbH.
Commenting on the report, an analyst from the team said: The interest
shown by regulatory authorities in installing smart energy meters is the
most important trend in the Global Meter Data Management market. Across
the globe, there has been an installation drive from the respective
governments. The regulators develop the framework and policies to adopt
smart energy meters. These are in turn implemented by utilities and thus
smart energy meter installations have been growing around the world,
which is in turn increasing usage of meter data management software.
Countries such as the US and Canada have largely deployed smart energy
meters due to the support of and regulations introduced by their
governments. The US has allocated $3.4 billion in smart grid grants that
would be utilized in installing smart energy meters and building a smart
grid network within the country between 2010 and 2014. The Eastern
European countries were early adopters of smart energy meters under the
guidance of their respective governments. Furthermore, governments in
some Asian and Western European countries have initiated pilot test
programs to install smart energy meters.
According to the report, one of the major drivers is the reduction in
electricity theft, facilitated by the installation of smart meters and
usage of meter data management software. As meter data management
facilitates better control and close monitoring of electricity used by
its end-users, meter tampering can be avoided, which will in turn reduce
the theft of electricity.
For more information visit http://www.researchandmarkets.com/research/h679ps/global_meter_data
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