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    Meter Data Management Market Global Research Report - Forecast till 2032 Infographic

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    Meter Data Management Market

    ID: MRFR/E&P/6500-HCR
    111 Pages
    Anshula Mandaokar
    October 2025

    Meter Data Management Market Research Report Information By Component (Hardware, and Software), By Utility Type (Electricity, Water, and Gas), By Application (Smart Grid, Microgrid, Energy Storage, EV Charging, and Others), By End Users (Residential, Commercial, and Industrial), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2035

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    Summary Table of Contents Segmentation Download PDF

    Meter Data Management Market Summary

    As per Market Research Future Analysis, the Global Meter Data Management Market was valued at USD 588.94 Million in 2024 and is projected to reach USD 1685.70 Million by 2035, growing at a CAGR of 10.03% from 2025 to 2035. The market growth is driven by the rise in advanced metering infrastructure adoption and increasing meter data volume. Smart meters enhance energy management by providing real-time consumption data, which helps users optimize their energy usage and reduce costs. The software segment dominates the market, while hardware is the fastest-growing category. The electricity utility type leads the market, with gas being the fastest-growing segment. The residential end-user segment holds the largest share, while commercial is the fastest-growing category. North America is the largest market, followed by Europe and Asia-Pacific.

    Key Market Trends & Highlights

    The meter data management market is witnessing significant growth due to technological advancements and regulatory support.

    • Market Size in 2024: USD 588.94 Million; projected to reach USD 1685.70 Million by 2035.
    • CAGR from 2025 to 2035: 10.03%; driven by advanced metering infrastructure and increased data volume.
    • Electricity segment dominated in 2021; gas is the fastest-growing utility type.
    • Residential segment held the largest share in 2021; commercial is the fastest-growing end-user category.

    Market Size & Forecast

    2024 Market Size USD 588.94 Million
    2035 Market Size USD 1685.70 Million
    CAGR from 2024 to 2035 10.03%

    Major Players

    Key players include Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Honeywell (US), Itron (US), and Landis+Gyr (Switzerland).

    Meter Data Management Market Trends

    Growing Prevalence of spine degeneration to boost market growth

    Numerous benefits provided by the advanced metering technology, such as ability to detect outages and facilitation of real-time energy consumption patterns for end users fuel the adoption of advanced meter infrastructure (AMI) technology. Moreover, increase in energy demand, government mandates, and legislative compliances toward smart metering, and rise in need for improved customer service level and utility efficiency boost the market growth.

    Further, smart meters can assist the end-users to monitor its electricity, gas consumption data, and thus customize their usage based on the electricity tariff rates. Smart electric meters are intelligent devices, which measure the electrical consumption along with remote meter connection and disconnection, fault detection, reporting, and analysis of the consumed electricity in units on a day-to-day basis. Smart meters can also assist in voltage & power quality monitoring and collection & storage of real-time data in the central system. 

    Hence, a customer can access their energy consumption data anytime and take suitable measures to cut down energy costs. All these allow a reduction in consumption of electricity during peak time as customers can observe, calculate, and analyze their usage to reduce the energy consumption during peak hours, thereby effectively managing energy costs. Such crucial benefits offered by smart electric meters over the conventional meters have attracted the attention of governments and end-users and thus driven the adoption of smart electric meters over the years.

    Additionally, significant increase in meter data volume, resulting from the collection of interval data, prompts utilities to employ next-generation meter data management applications, which is anticipated to provide numerous opportunities for the market expansion. For instance, according to a report from the Edison Foundation published in 2018, the U.S. alone logs around one million of data points every day from more than 46 million installed smart meters. 

    In addition, rise in deployment of smart meters at the residential customer's level is expected to increase the generation of data volume, from monthly or annual frequency to daily and even intraday resolution, which drives the market for meter data management market CAGR across the globe in the recent years.

    However, surge in energy demand, regulatory requirements, and legislative compliances toward smart meter data management, and increase in requirement for enhanced customer service level & utility efficiency drive the growth of the meter data management market revenue.

    Market Segment Insights

    Meter Data Management Component Insights

    The meter data management market segmentation, based on component, includes hardware, and software. The software segment held the majority share in to the meter data management market revenue. This is attributed to increase in awareness toward energy meter data management software in industrial sectors for efficient utilization of energy consumption and rise in alertness about carbon emission meter data management. However, hardware is the fastest-growing category owing to surge in adoption of consulting, integration, and implementation of hardware in the utility & energy sector to reduce cost and improve productivity.

    Figure 2: Meter Data Management Market, by Component, 2021 & 2030 (USD Million)

    Meter Data Management Market, by Component

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Meter Data Management Utility Type Insights

    The meter data management market segmentation, based on utility type, includes electricity, water, and gas. The electricity segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. The usage of smart electricity meter data management assists in compensating for losses by controlling the energy consumption of various electronic devices. Due to technological advancements and the growing population, the applicability of fuel has been increasing the market growth. However, gas is the fastest-growing category due to growing demand of meter data management in gas industry.

    Meter Data Management Application Insights

    The meter data management market data has been bifurcated by application into smart grid, microgrid, energy storage, EV charging, and others. The EV charging segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030 due to growing demand of electric vehicle. However, microgrid is the fastest-growing category over the forecast period due to rising need for dependable, uninterrupted power supply and ongoing adoption of renewable energy technologies.

    Meter Data Management End User Insights

    Based on end users, the meter data management industry has been segmented into residential, commercial, and industrial. Residential held the largest segment share in 2021. The commercial end-use section consists of all commercial buildings and aligned infrastructures such as hotels, residential lodges, small to large shopping complexes, and offices. The industrial segment involves product manufacturing facilities and processing plants. However, commercial is the fastest-growing category due to the regulatory, and administrative framework, and surging awareness regarding reducing energy consumption and aligned expenses.

    Industry Developments

    January 2020: Landis+Gyr launched the Revelo, the next generation of electric meters with leading-edge grid sensing technology. These newly developed electric meters as grid sensors capable of providing new levels of awareness and insight.

    Market Segmentation

    Meter Data Management End User Outlook

    • Residential
    • Commercial
    • Industrial

    Meter Data Management Regional Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Australia
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Meter Data Management Component Outlook

    • Hardware
    • Software

    Meter Data Management Application Outlook

    • Smart Grid
    • Microgrid
    • Energy Storage
    • EV Charging
    • Others

    Meter Data Management Utility Type Outlook

    • Electricity
    • Water
    • Gas

    Report Scope

    Report Attribute/Metric Details
    Market Size 2024 USD 588.94 Million
    Market Size 2035 1685.70 (Value (USD Million))
    Compound Annual Growth Rate (CAGR) 10.03% (2025 - 2035)
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2018 & 2020
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered   Component, Utility Type, Application End User, and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Honeywell (US), Itron (US), Landis+Gyr (Switzerland), Kamstrup (Denmark), Powel (Norway), Sensus (Xylem) (US), Enoro (Finland), and Open Access Technology International, Inc. (US)
    Key Market Opportunities Increasing use of smart meter data management within the electricity network
    Key Market Dynamics Urgent requirement for accurate energy bill generation Need for grid reliability and outage meter data management
    Market Size 2025 648.02 (Value (USD Million))
     

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the meter data management market?

    The meter data management market size was valued at USD 531.05 Million in 2023.

    What is the growth rate of the meter data management market?

    The market is projected to grow at a CAGR of 10.03% during the forecast period, 2024-2032.

    Which region held the largest market share in the meter data management market?

    North America had the largest share in the market

    Who are the key players in the meter data management market?

    The key players in the market are Eaton (Ireland), ABB (Switzerland), Schneider Electric (France), Siemens (Germany), Honeywell (US), Itron (US), and Landis+Gyr (Switzerland).

    Which component led the meter data management market?

    The software category dominated the market in 2021.

    Which utility type had the largest market share in the meter data management market?

    The electricity had the largest share in the market.

    Which application led the market?

    The EV charging category dominated the market in 2021.

    Which end user had the largest market share in the meter data management market?

    The residential had the largest share in the market.

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