Increasing government roll outs across the globe is the key factor driving the growth of the market. In EU, around 1.5 million smart gas meter already installed in households. Additionally, increasing need for efficient energy usage and conservation of energy has prompted a significant demand in the smart gas meter which allows the consumers to be on top of their energy consumption and production. Furthermore, rising investment in smart grid projects across the globe is also fuelling the growth of the market.
Demand for smart gas has been on the upside due to the rising level of investments in smart grid projects. Such investments are expected to kick-start the smart city developments in different countries around the world in the near future. The rollouts of smart gas meters in certain countries have consequently triggered their demand in several other nations as well. The market also finds itself considerably driven by the need for efficient energy usage, as energy crises globally have reached an advanced stage. Market Research Future (MRFR) in its report projects that the global smart gas meter market will capture a CAGR of 6.60% during the forecast period (2018-2024).
Smart Gas Meters Global Market – Competitive Analysis
Manufacturers operating in the market strive to deliver innovative solutions that improve the design and manufacturing processes of business around the world. Focusing upon the competitive edge, Smart Gas Meters strive to develop products that can deliver optimal efficient, convenience and reliability. Utilizing their international and regional presence, these manufacturers assure their customers with the consistency in product & service quality. Manufacturers strive to develop their product portfolio with a wide range of Smart Gas Meters for every application.
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Industry Major Key Players:-
Landis+Gyr (Switzerland), Itron Inc. (U.S.), Apator Group (Poland), Honeywell International, Inc. (U.S.), Diehl Metering (U.K.), Raychem RPG (Taiwan), Sensus (U.S.), Dandong Dongfa Group Co. Ltd. (China), EDMI Limited (Singapore), and Chongqing Shancheng Gas Equipment Co. Ltd. (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Smart Gas Meters Market.
Smart Gas Meters Market – Regional Analysis
European Union is the second largest region for the market. Several countries in EU have endorsed legislation mandating adoption of smart gas meters as part of broader clean energy initiatives. This upsurge the demand of the market during the forecast period. China & Japan are also another major region for the market. Tokyo Electric Power Company (TEPCO), the largest utility in the Japan has announced plans to implement AMI as an important constituent of smart grid demonstration projects. This pushes the growth of the market.
Table of Content:-
1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 The Scope Of The Study 16
2.3 List Of Assumptions 17
2.4 Market Structure 17
2.5 Key Takeaways 18
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 20
3.3 Secondary Research 21
3.4 Market Size Estimation 21
3.5 Forecast Model 22
To be continued……
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