DUBLIN--(BUSINESS WIRE)--Jan 14, 2020--

Market Outlook

This research has estimated the growth of the smart meter data management market in the Middle East and Africa at a CAGR of 16.60% during the forecasted period 2019-2027.

The UAE, South Africa, Saudi Arabia, Turkey, and the Rest of the Middle East and Africa constitute the market for smart meter data management in the Middle East and Africa region.

Subsidy reform policies and mechanisms established by numerous governments of the Middle East have resulted in easing the way for collaborations between local utility and technology companies with international smart grid vendors. This would offer lucrative opportunities for the growth of the smart meter data management market in the region.

Saudi Arabia is anticipated to make the highest share in the market in terms of revenue for the forecasted period. The country has started implementing smart grid programs to overcome energy challenges, restrict high non-technical losses due to energy theft, and to solve the inability of interoperability for matching energy supplies to demand. Smart grids would allow Saudi Arabia to meet a significant amount of its energy requirements through renewable energies by the integration of renewable sources into the national grid. It is expected that such initiatives will increase the demand for smart meter installations in the country and thus create growth opportunities for the market. For instance, The Saudi Electricity Company (SEC) has planned to install around 12 million smart meters by 2025 in four phases that started in 2013.

Key Topics Covered:

1. Middle East and Africa Smart Meter Data Management Market -Summary

2. Industry Outlook

2.1. Market Definition

2.2. Key Insights

2.2.1. in the Software Segment Meter Data Analytics Will Show Promising Trends

2.2.2. Increased Initiatives to Develop Smart Cities Will Help the Market to Grow

2.3. Porter's Five Forces Analysis

2.3.1. Threat of New Entrants

2.3.2. Threat of Substitute

2.3.3. Bargaining Power of Suppliers

2.3.4. Bargaining Power of Buyers

2.3.5. Threat of Competitive Rivalry

2.4. Key Impact Analysis

2.4.1. Cost

2.4.2. Interoperability

2.4.3. Brand Name of the Company

2.5. Market Attractiveness Index

2.6. Vendor Scorecard

2.7. Market Drivers

2.7.1. Growth in Adoption of Smart Meters

2.7.2. Implementation of Advanced Metering Infrastructure On the Rise

2.8. Market Restraints

2.8.1. Integration Challenges

2.8.2. High Cost of Installation

2.9. Market Opportunities

2.9.1. Incentives and Support From Governments

2.10. Market Challenges

2.10.1. Security Concerns

3. Middle East and Africa Smart Meter Data Management Market Outlook - By Component

3.1. Software

3.1.1. Meter Data Management System

3.1.2. Meter Data Analytics

3.1.3. Communication Software

3.2. Service

3.2.1. Consulting

3.2.2. Project Management

3.2.3. Implementation & Integration

3.2.4. Other Support Services

4. Middle East and Africa Smart Meter Data Management Market Outlook - By Deployment Type

4.1. Cloud-Based

4.2. On-Premise

5. Middle East and Africa Smart Meter Data Management Market Outlook - By Application

5.1. Electric

5.2. Gas

5.3. Water

6. Middle East and Africa Smart Meter Data Management Market - Regional Outlook

6.1. United Arab Emirates

6.2. Turkey

6.3. Saudi Arabia

6.4. South Africa

6.5. Rest of Middle East & Africa

7. Company Profiles

7.1. Aclara Technologies Llc (Acquired By Hubbell Incorporated)

7.2. Arad Group

7.3. Electsolve Technology Solutions & Services, Inc.

7.4. Elster Solutions (Acquired By Honeywell International Inc.)

7.5. Enoro Ab (Acquired By Hansen Technologies)

7.6. Itron Inc.

7.7. Landis+Gyr Group

7.8. Oracle Utilities (Opower)

7.9. Siemens Ag

7.10. Trilliant Holdings Inc.

7.11. Eaton Corporation

7.12. Diehl

7.13. Schneider Electric Se

7.14. Kamstrup

7.15. Sensus (Xylem)

8. Research Methodology & Scope

8.1. Research Scope & Deliverables

8.2. Sources of Data

8.3. Research Methodology

For more information about this report visit https://www.researchandmarkets.com/r/1hep70

Laura Wood, Senior Press Manager

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

KEYWORD: MIDDLE EAST AFRICA

INDUSTRY KEYWORD: TECHNOLOGY ENERGY UTILITIES DATA MANAGEMENT

SOURCE: Research and Markets

Copyright Business Wire 2020.

PUB: 01/14/2020 07:27 AM/DISC: 01/14/2020 07:27 AM

Copyright Business Wire 2020.

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