The U.S. smart gas metering systems market is estimated to grow more than 18% by 2024. Establishment of numerous state rollout programs and legislative mandates to effectively deploy smart gas systems is expected to supportively fuel smart gas metering systems industry trends. For instance, in 2013, the U.S. Department of Energy (DOE), via American Recovery and Reinvestment Act (ARRA) had reportedly invested in installation of smart grid technologies in the U.S. —
Strict government initiatives for energy conservation along with mandatory programs for the same will augment smart gas metering systems market share. Continuous need for billing accuracy and improved customer experience is expected to further propel smart gas metering systems industry outlook. Smart gas metering systems industry forecast report estimates that business revenue is slated to surpass $9 billion by 2024.
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Smart Gas Metering Systems industry research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:
Intensifying need to eliminate losses during gas distribution coupled with the reduction of operational expenditure of traditional metering systems will enhance the smart gas metering systems market. Increasing focus toward reduction of energy theft and the need to effectively monitor the energy consumption patterns will further embellish the industry landscape. In 2013, the IEA predicted the world's energy consumption to grow by 56% between 2010 to 2040. The deployment of smart meters will thus serve as an affordable solution to address the problem of rising energy consumption.
AMI smart gas metering systems industry is anticipated to record installation of more than 20 million units by the end of the analysis period. AMI checks consumption and time to send out pricing information from utility to customer. Increasing adoption of AMI systems in infrastructure can make operations of utilities more efficient and help to reduce expenses, extend services, and offer greater safety.
Rising measures to mitigate increasing fuel prices coupled with government legislations toward sustainable energy development will enhance the smart gas metering systems market. Increasing adoption of smart grid technologies along with the need to restructure gas pipeline networks will further propel the business landscape.
Smart gas metering systems market from utilities is predicted to witness growth on account of efficient expansion of gas networks to cater the rising population index. Efforts to reduce energy costs coupled with increasing focus toward infrastructure restructuring will stimulate the product adoption during the forecast timeframe.
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Key players operating in the smart gas metering systems market include: Itron, Landis+GYR, Siemens, Sensus Sentec, Badger Meter, Osaki Electric, Neptune, Honeywell International, Raychem and Schneider Electric.
Some Points From Table Of Content: -
Chapter 4 Smart Gas Metering Systems Market, By Application
4.1 Smart gas metering systems industry share by application, 2016 & 2024
4.2.1 Global market from residential, 2013 – 2024
4.2.2 Global market from residential, by region, 2013 – 2024
4.3.1 Global market from commercial, 2013 – 2024
4.3.2 Global market from commercial, by region, 2013 – 2024
4.4.1 Global market from utility, 2013 – 2024
4.4.2 Global market from utility, by region, 2013 – 2024
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