Meter Data Management System Market Revenue to Hit $428 million by 2023

The global Meter Data Management System Market is projected to reach USD 428 million by 2023 from an estimated USD 169 million in 2018, at a CAGR of 20.48%. This growth can be attributed to the increased government policies and supportive mandates for smart meter installations and need for accurate utility bill generation.

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The electricity segment is expected to hold the largest share of the Meter Data Management System Market, by utility type, during the forecast period.

The electricity segment is estimated to dominate the Meter Data Management System Market in 2018 and is projected to have the largest market share during the forecast period. This is mainly because there is increased global rollout of smart meters to reduce energy consumption and monitor customer usage pattern to determine load and outage management. Furthermore, meter data management allows utilities to develop new business models such as time of consumption tariff rate which is further expected to contribute to the growth of the electricity segment. 

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The residential segment is expected to be the fastest growing segment of the Meter Data Management System Market, by end-user, during the forecast period.

The residential segment accounted for the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing mandated rollout of smart meters in the residential sectors across regions such as the EU and North America. Countries such as the UK, France, Italy, and the US have mandated smart meter installation targets by 2023. This is expected to increase the demand for Meter Data Management System Market in the forecast years. In addition to this, grid upgrade, energy efficiency targets, and transmission and distribution investment in North America and Europe is further contributing to the growth of the residential segment.

North America: The leading market for meter data management system.

In this report, the Meter Data Management System Market has been analyzed with respect to 5 regions, namely, North America, South America, Europe, Asia Pacific, and the Middle East & Africa. North America is estimated to dominate the global Meter Data Management System Market in 2018 owing to the smart meter installation development and growth in countries such the US, Canada and Mexico. There is a huge requirement for power and infrastructural development due to aging grid network in the region. The US and Mexico are also investing in infrastructure and power generation projects to tackle growing population demands. The growth of the Meter Data Management System Market in this region is also driven by smart meter rollouts and need to stabilize the grid and generate accurate utility billing. Subsequent smart grid development programs, microgrid, energy storage, and EV charging infrastructure is further expected to propel the growth of the market in the region.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the Meter Data Management System Market. Some of the key players are Itron (US), Siemens (Germany), Landis+Gyr (Switzerland), Honeywell (US) and Schneider Electric (France), ABB (Switzerland), Eaton (Ireland), Kamstrup (Denmark), DIEHL (Germany), and Alcara (US). The leading players are adopting various strategies to increase their shares in the Meter Data Management System Market.

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Wire and Cable Management Market Revenue to Hit $25.26 Billion by 2023

The report "Wire and Cable Management Market by Product (Trays & Ladders, Raceway, Connectors, Ties, Conduit), Cable Type (Power Cable, Communication Wire & Cable), Material (Metallic and Non-Metallic), End-User, and Region - Global Trends and Forecasts to 2023" The global wire and cable management market is expected to grow at a CAGR of 8.36%, from 2018 to 2023, to reach a market size of USD 25.26 billion by 2023. The increasing demand for easy-to-handle cables and better aesthetics, continuing investments in infrastructural development, and rapid industrialization is expected to drive the wire and cable management market during the forecast period.

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The wire and cable management market is dominated by major players that are established brand names with wide regional presence, along with many local and regional players in emerging economies. The leading players in the wire and cable management industry include Legrand (France), Atkore (US), Eaton (Ireland), Panduit (US), and Obo Bettermann (Germany).

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The industrial segment is a key segment of the wire and cable management market, by end-user, from 2018 to 2023. The market for this segment is driven by increasing investments in power and utilities, manufacturing, and oil & gas industry in the developing countries of Asia Pacific and Middle East & Africa. Need to reduce carbon emissions is leading to the increased demand for cleaner sources of power generation, which in turn, are causing the rise in demand for wire and cable management products that would significantly boost the efficiency of heavy-duty systems in wind turbines and solar power plants.

Power cables market segment is expected to grow at the fastest rate from 2018 to 2023. This is due to various factors including high demand for electrification of homes and increased investments in the power distribution sector. Power cables are widely used in residential, commercial, and industrial applications. Rising investments in the power generation sector through clean energy sources, such as solar and wind energy, is expected to drive the power cable segment of the wire and cable management market. 

Cable tray & ladder market segment of the wire and cable management market, by product, is estimated to grow at the fastest rate from 2018 to 2023. Factors such as the capability to handle large quantities of cables, especially in the harsh outdoor industrial sector, are driving the cable tray market. Low installation cost, flexible wiring system, and safety in critical end-user applications, such as oil & gas refineries and power plants, would drive the cable tray & ladder wire and cable management market.

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The wire and cable management market has been segmented by region into Asia Pacific, Europe, North America, Middle East & Africa, and South America. Asia Pacific is projected to grow at the fastest rate, from 2018 to 2023, followed by North America and Europe. Countries such as China and India are the largest markets in Asia Pacific and have increased their investments in the infrastructure and power sectors in the recent past. China accounted for the maximum share in the market in Asia Pacific in 2017 and is projected to grow at the highest CAGR of 9.74%, from 2018 to 2023. Growing urbanization, increasing industrialization, growing construction sector, and increasing investment in renewable power sources are the major factors impacting the growth of the wire and cable management market in this region.

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Portable Generator Market Potential Growth, Share, Demand and Analysis of Key Players- Global Research Forecasts to 2022

According to the new market research report "Portable Generator Market by Fuel Type (Gasoline, Diesel, Gas), Application (Emergency, Continuous), Power Rating (<5 kW, 5–10 kW, > 10 kW), End-User (Residential, Commercial, Industrial), and Region - Global Forecast to 2022", the global portable generator market is expected to grow at a CAGR of 3.66%, from 2017 to2022, to reach a market size of USD 2.28 billion by 2022. The increasing number of weather-related power outages and the increased demand for uninterrupted and reliable power supply in developed and developing nations are expected to drive the global portable generator market during the forecast period.

The portable generator market is dominated by a few key players that are established brand names with a wide regional presence. The leading players in the portable generator market include Honda Motor (Japan), Briggs & Stratton (US), Kohler (US), Generac (US), and Yamaha (Japan).

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The other fuel segment which includes propane, LPG, and bio-diesel is expected to be the fastest growing fuel segment of the portable generator market, from 2017 to 2022. Countries around the world have set the emission and are working toward achieving these targets, which has resulted in the increased share of environment-friendly fuel for power production. Countries such as the US, Brazil, Canada, Germany, France, and the UK are expected to increase their focus on environment-friendly technologies, driving the market for propane, LPG, and bio-diesel powered portable generators during the forecast period.

In the end-user segment, the residential segment is expected to be the fastest-growing segment of the portable generator market during the forecast period. Unreliable power supply due to weather-related power outages is expected to drive the residential end-user segment market during the forecast period. High purchasing power in countries such as the US, Canada, the UAE, and Saudi Arabia is also fueling the growth of the portable generator market in the residential end-user segment.

The 5 to 10 kW power rating segment is expected to be the fastest-growing segment of the portable generator market during the forecast period. 5 to 10 kW portable generators are mainly used for large residential and commercial end-users. These generators find applications in air compressors, drills, high-pressure washers, and industrial motors. 5 to 10 kW portable generators can handle a wide range of load and due to this, the 5 to 10 kW portable generator market is expected to be the fastest growing market during the forecast period.

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The prime/continuous segment is expected to be the fastest-growing segment of the portable generator market, from 2017 to 2022. Increasing construction activities in countries such as China, India, the US, the UAE, and Saudi Arabia are expected to create the demand for portable generators for prime/continuous power applications.

Asia Pacific is expected to be the fastest-growing region for portable generators, from 2017 to 2022, followed by North America and the Middle East and Africa. Countries such as the US, China, Canada, Russia, and India are the largest markets for portable generators. The growth of the construction sector in the BRICS nation is the main driver for the growth of the portable generator market in the region. The building and construction market is on the rise in India and China due to current government initiatives such as smart cities and green building initiatives, which are expected to create the demand for portable generators during the forecast period.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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