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Market ScenarioGas monitoring solutions such as smart gas meters are on their way to become a norm in the years to come on account of the rising concerns over fast exhaustion of natural gases. A rapid escalation has been observed in adoption of smart gas meters as households and businesses strive for a greater visibility and control over their gas consumption. Besides, these meters are becoming the go-to solution for addressing issues of extensive or unaccounted gas consumption. In 2017, more than USD 1,900 Mn worth smart gas meters were shipped globally. Market Research Future (MRFR) projects a strong growth for the global smart gas meters market between 2018 and 2024.
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Report Overview
The report delivers an impartial assessment of the global smart gas meters market. The assessment structure comprises of wide range of parameters such as player analysis, value chain analysis, pricing analysis, investment opportunity analysis, demand & supply gap analysis. The report also discusses the key micro and macro-economic factors that are likely to influence the market during the review period. A section of the report highlights market dynamics such as divers, trends, opportunities and restraints. This will allow report users to make informed decisions and develop investment plans for the future. Historical trend, current market scenario and future growth prospects of the market are also covered in the report.
The segmental analysis of the global smart gas meters market has been conducted on the basis of product, application and region. Based on product, diaphragm gas meters, turbine gas meters, rotary gas meters have been majorly discussed in the report. By application, the key market segments analyzed in the report include residential, commercial and industrial applications. The report also offers country-level evaluation of all the market segments across North America, Europe, Asia Pacific (APAC) South America and the Middle East & Africa (MEA).
Players Covered
Landis+Gyr (Switzerland), Xylem, Inc. (U.S.), Aclara Technologies LLC (U.S.), Honeywell International Inc. (U.S.), Itron Inc. (U.S.), EDMI (Singapore), Apator Group (Poland), DIEHL Metering (Germany), Zenner (Germany), MeteRSit (Italy), and Flonidan A/S (Denmark).
The company profiles include SWOT analysis, annual turnover, market share, regional presence, growth strategies, M&A activities, new product launch, and ongoing research & development activities. The report offers a descriptive analysis on leading market players and makes a critical observation on their growth strategies.
Research Methodology
Market Research Future objectively analyses data using relevant economic factors. Pertinent factors such as government expenditure, economic growth, distribution channels and supply channels among others have been scrutinized in an effort to relay precise information. Analysis of data and subsequent projections have been performed using research frameworks that are suited to the specific industry. These frameworks have been developed by MRFR to serve as research standards that provide the tools to create consistently dependable market reports. Our primary research module highlights information obtained through interviews with key participants in the industry while secondary research methods use credible sources of data such as publically available financial records and historical data for the delivery of unique perspectives on the market with a focus on accuracy.
Analysis Period
Base Year- 2017
Market Denomination-USD Million
Review Period- 2018 to 2024
Intended Audience
Smart gas manufacturing companies
EPC contractors
State and national regulatory authorities
Gas distribution utilities
Government and industry associations
State- or government-owned corporations
For the scope of the research, MRFR’s report offers a comprehensive segmental analysis of the global market for smart gas meters
By Product
Diaphragm Gas Meters
Turbine Gas Meters
Rotary Gas Meters
Others
By Application
Residential
Commercial
Industrial
By Region
North America; The U.S., and Canada
Europe; Germany, the UK, France, Spain, Italy, and Rest of Europe
Asia Pacific (APAC); China, Japan, India and Rest of Asia Pacific
The Middle East & Africa (MEA)
South America
Detailed Regional Analysis
Based on region, the market is segmented into APAC, North America, Africa, Europe, Middle East and rest of the world. North America and Europe currently account for noteworthy shares of the overall pie. North America remians a key market for smart gas meters and is expected to be worth more than USD 700 Mn. Fiscal incentives and government policy mandates have been the key influencers for the smart gas meter market in the region. The US is home to a large number of manufacturers who have a positive influence on the growth of the market as well. Meanwhile, the market in APAC is set to exhibit a fast growth over the next five years. This is attributable to factors such as increased government efforts and roll-outs of smart city projects. Growing number of residential gas subscriptions for heating needs and cooking will efficiently raise the demand for smart gas meters in APAC countries in the years to come.
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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