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Metering as a Services Market

Metering as a Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2026

Smart metering is a combination of metering devices, software, and connectivity solutions. The services associated with it, such as professional and managed services are termed as metering services. Metering services play a crucial role in available and future resource management. Majorly two types of meters are available in the current market which includes traditional and smart meter. Compared to traditional metering services, smart metering services are creating significant demand traction across end-use industries. The smartness of the metering systems mainly refers to the collection of metering data remotely. Energy meter is the most important component of the system. Energy meters record the consumption or usage and feed this data via IoT enabled solutions or through other communication networks such as wide area network (WAN) to the central system. A smart metering system requires advanced meter infrastructure (AMI). AMI makes smart metering different from the traditional automatic meter reading (AMR). Governments, water & sewage utilities, electricity manufacturers & distributors, and original equipment manufacturers (OEMs) are gradually discovering the application of metering. Metering helps in lowering operating costs, eliminating leaks and inefficiencies, and improving water conservation. Metering provides accurate records and information for defined time periods. Metering utilities help to dynamically monitor and price resource consumption, are useful for load forecasting, offer faster power restoration, improved billing accuracy, and meet CO2 reduction demands. Metering services allows users to accurately measure energy consumption. Smart metering is anticipated to reduce domestic energy consumption across the world. Metering services are penetrating the end-use markets due to such advantages. A growing competitive atmosphere is anticipated to lead to remarkable growth of the metering as a service market globally.

Utility, transportation and public safety industry transformation, is driving the global metering as a services market. However, lack of complete information security assurance and misuse of collected data are factors obstructing the market growth in international and domestic markets. Further, security and reliability concerns such as cyber-attacks are expected to slow down the adoption of metering services, thus reducing the CAGR growth of the market globally. However, aging infrastructure across industries is expected to create lucrative opportunity for the market during the forecast period 2018 - 2026.

The metering services as a market can be classified in terms of application, services, connectivity, and end-use industry. The application segment can be further classified as retail metering services, settlement verification and audits, meter system maintenance and repairs, meter data management, design, procurement, assembly, site-installation and commissioning, and others. Based on services, the market can be categorized into professional and managed services. By connectivity, the market can be segmented as IoT and wide area network (WAN). Moreover, based on industry, the global metering services market can be classified into utilities, transport, and public safety.

The global metering as a service market based on geography is divided into five regions which include North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA). The demographic analysis across these geographic regions is anticipated to show North America as the largest market share contributing geography. Moreover, Europe is expected to witness marginal growth with a significant compound annual growth rate (CAGR) over the forecast period. Asia Pacific and Middle East & Africa are expected to show steady growth in near future; however, the regions are anticipated to witness remarkable CAGR during 2022 – 2026. The market analysis across major countries of the above mentioned regions include the U.S., Canada, U.K., Germany, France, Italy, GCC countries, South Africa, and Brazil.

Companies operating in the global metering as a service market provide advanced and scalable services in domestic and international markets. Moreover, players in the market are investing in service based models driving the global market. Some of these major players in the market include Siemens AG, Xylem, Telefonaktiebolaget LM Ericsson, utiliVisor, ThingsBoard Authors, and Gazprom Marketing & Trading Retail Ltd.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


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