North America Smart Meter Intelligence Market Overview and Insights:
According to MarkNtel Advisors Report, the North America Smart Meter Intelligence Market is anticipated to grow at around 8.21% CAGR during the forecast period, i.e., 2021-26.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2016-19
- Base Year: 2020
- Forecast Period: 2021-2026
What are the major challenges facing the North America Smart Meter Intelligence Market?
Smart meter data collection communication abilities are the potential targets of malicious attackers who might get huge benefits from manipulating stealing the smart meter data as it has high commercial value. Hence, communications between utilities smart meters should be highly secured to protect that crucial data from such attackers. Several government agencies are well aware of these risks and have formulated new regulations to protect such information. Hence, these privacy-related concerns might act as the prime growth restraints for the market in the forecast years.
Who are the Key Players Operating in the North America Smart Meter Intelligence Industry?
The top companies of the North America Smart Meter Intelligence market ruling the industry are:
- Microsoft
- General Electric
- IBM
- SAS
- Itron
- Oracle
- Innowatts
- Cyient
- C3 AI
- OmniSci
- Sagewell
- Landis +Gyr
- Siemens
- Grid4C
- OSIsoft
- Others
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What is Included in North America Smart Meter Intelligence Market Segmentation?
The report has segmented the market into the following categories:
By Type of Meter
- Smart Electric Meters
- Smart Gas Meters
- Smart Water Meters
By Analytical Tool
- Descriptive Analytics
- Preventive Analytics
- Predictive Analytics
- Diagnostic Analytics
- Others
By Technology
- Advanced Metering Infrastructure(AMI)
- Automated Meter Reading (AMR)
By Data Storage
- Cloud Based
- On Premise
By Security Type
- Network Security
- Internet Security
- End Point Security
- Cloud based security
- Application Security
- Others
By End User
- Residential
- Industry
- Commercial
The Residential sector has been the majority contributor to the market growth during 2016-2020 and is expected to maintain its dominance in the forecast period. This is due to the higher number of smart meter installations in the residential buildings than the industry commercial sectors.
By Purpose
- Demand Supply Forecasting
- Load Forecasting
- Grid Management
- Load Management
- Risk Management
- Pricing Management
- Preventive Maintenance
- Regulatory Reporting
- Improving Customer Experience
By Country
- The US
- Canada
- Mexico
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the North America Smart Meter Intelligence industry been evolving in terms of geography adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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