The Global Smart Gas Meters Market is estimated to be a lucrative market within the upstream oil & gas industry. It Advantages of smart gas meters such as accurate billing, enhanced customer experience, and improved customer service are expected to be the driving factors for Smart Gas Meters Market in developing countries.
Smart Gas Meters Market:
The global smart gas meter market is expected to grow at about 7% CAGR during the forecast and reach almost $3.5 billion by 2022. The smart gas meter market is expected to grow at a rapid pace primarily due to government roll-outs, and implementations of mandates & policies, in developed economies.Government mandates are another source of increasing demand acting as a market driver. Government policies specifically in North America, Europe and Asia-Pacific region are targeting maximum roll outs of smart gas meters in households to ensure efficient energy usage. The development of smart grids is widely considered to be a key enabler of the transition towards a low carbon economy.
Key players in the Global Smart Gas Meter market include
- Landis+Gyr (Switzerland),
- Itron Inc. (U.S.),
- Apator Group (Poland),
- Honeywell International, Inc. (U.S.),
- Diehl Metering (U.K.),
- Raychem RPG (India),
- Sensus (U.S.),
- Dandong Dongfa Group Co. Ltd. (China),
- EDMI Limited (Singapore),
- Chongqing Shancheng Gas Equipment Co. Ltd. (China).
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Significant increase in government roll out of smart gas meters in households and commercial application (relatively controlled) in recent times to spread awareness regarding smart and efficient usage and production of energy has been a key growth factor for the smart gas meter market. Europe alone has made big strides in the government roll outs with 1.5 million smart gas meter already installed in households.
Residential held the major share within the Global Artificial Lift Market
Smart meters are the next generation of gas and electricity meters and offer a range of intelligent functions. Most of the smart meters that are being installed today use mobile phone-type signals to send meter readings to your supplier, and other wireless technologies to send information to the in-home display. Residential application has dominated the smart gas meter market mainly due to the government mandates and increasing awareness among individuals regarding the advantages of smart gas meters
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenerios & strategies, of the global cold insulation market, including the high-growth regions, countries and their political, economical and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
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The Smart Gas Meter Market has been categorized on the basis of End Users into, Residential, Commercial, and Industrial segments. On the basis of Meter Type, the market has been segmented into Automatic Meter Reading and Advanced Metering Infrastructure.
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