Global Meter Data Management Systems Market to Reach $2.2 Billion by 2030
The global market for Meter Data Management Systems estimated at US$609.4 Million in the year 2023, is expected to reach US$2.2 Billion by 2030, growing at a CAGR of 19.9% over the period 2023-2030. Meter Data Management Software, one of the segments analyzed in the report, is expected to record 21% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the Meter Data Management Hardware segment is estimated at 18% CAGR for the next 7-year period.
The U.S. Market is Estimated at $154.6 Million, While China is Forecast to Grow at 25.6% CAGR
The Meter Data Management Systems market in the U.S. is estimated at US$154.6 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$609.8 Million by the year 2030 trailing a CAGR of 25.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.5% and 16.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15.1% CAGR.
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