Smart Gas Meters Market 2019 Growth Insight, Size, Share, Statistics, Trends, New Developments, Regional Analysis With Global Forecast To 2023
May 9, 2019
Smart Gas Meters Market is poised to capture a healthy 6.60% CAGR over the predicted years (2019-2024). Smart Gas Meters Market to Witness Healthy Growth. North America to Have Significant Share in Smart Gas Meters Market.
Pune, India - May 9, 2019 /MarketersMedia/ —
Global Smart Gas Meters Market Segmented By Product (Diaphragm, Turbine, Rotary Piston And Others), By Application (Residential, Commercial And Industrial) By Region – Forecast To 2024.
Key Players Analyzed In Report:
Leading players profiled in the Smart Gas Meters market include Diehl Metering (U.K.), Sensus (U.S.), Itron Inc. (U.S.), Landis+Gyr (Switzerland), EDMI Limited (Singapore), Honeywell International, Inc. (U.S.), Apator Group (Poland), Dandong Dongfa Group Co. Ltd. (China), and Raychem RPG (India).
Get Free Sample “Smart Gas Meters Market Research Report – Forecast to 2024” at: https://www.marketresearchfuture.com/sample_request/1686
Market Analysis:
Smart meters are increasingly replacing conventional gas with national grids turning more adaptable, efficient and flexible to energy technologies that are reasonable such as solar and wind. These meters send meter readers digitally to the energy supplier for accurate energy bills. It is equipped with in-home displays to help people understand their energy usage better. Smart Gas Meters provide a wealth of alluring functions including the capability of informing consumers regarding the total amount of energy that they are utilizing through a display that is installed in the home. It can also directly communicate with energy suppliers, thus eliminating the requirement for staff to survey homes for reading the meter. A smart meter does this by sending a signal that delivers the energy supplier with the meter reading. Besides, it also allows the energy supplier in sending information to display in a consumer’s home. Consumers can enjoy an array of benefits from smart meters of which the most vital include encouraging consumption at various times of the day, ability of setting targets for installation of green energy, cleaner energy, accuracy, savings and visibility.
There are plentiful factors that is boosting the growth of the Smart Gas Meters market. These factors as per the Market Research Future (MRFR) report include government policies and mandates, accurate billing, improved customer service, development of Smart Gas Metersing projects, increasing investments in various smart grid projects, mandatory rollout programs associated to environmental sustainability, government legislations that has made the use of smart meters a mandate as a comprehensive energy conservative initiative, need to cut down losses at the time of distribution of gas, need to cut down the operational cost of conventional metering and ongoing gas pipeline network expansion. On the contrary, soaring maintenance cost coupled with complex design components may hinder Smart Gas Meters market growth.
Market Segmentation
MRFR report provides an extensive segmental analysis of the Smart Gas Meters market on the basis of application and product type.
Based on application, it is segmented into commercial sectors and residential sectors. Of these, residential sectors will dominate the market over the predicted years.
Based on product type, it is segmented into turbine gas meters, rotary gas meters, diaphragm gas meters and others. Of these, the diaphragm gas meters will dominate the market over the predicted years.
Regional Analysis
By region, the global Smart Gas Meters market covers growth opportunities and latest trends across Asia Pacific, North America, Europe, Middle East and Rest of the World. Of these, Europe and North America will have a significant share in the market over the predicted years. This is owing to government policy mandates coupled with fiscal incentives. There are a good number of manufacturers present in the US that is propelling the market growth in this region. The Smart Gas Meters market in the APAC region is predicted to grow at the fastest pace owing to growing government efforts, development of smart city projects as well as increasing subscriptions of residential gas to heat and cook.
Industry News:
April 2019- OVO Energy has lately signed a contract with Aclara for implementing the new SMETS2 meters. The aim is in modernizing its grid networks, improving energy billing and customer services and also comply with the smart meter rollout program in the UK. OVO is pleased to join hands with Aclara to launch the smart meters of the second generation in the UK. Both the companies have recognized the fact that smart meters are the key to deliver the future’s energy system, one that is likely to be distributed, decentralized and decarbonized.
List of Tables:
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 GLOBAL SMART GAS METERS MARKET, BY PRODUCT, 2016–2024 (USD MILLION) 32
TABLE 4 GLOBAL SMART GAS METERS MARKET, BY APPLICATION, 2016–2024 (USD MILLION) 35
TABLE 5 GLOBAL SMART GAS METERS MARKET, BY REGION, 2016-2024 (USD MILLION) 38
TABLE 6 NORTH AMERICA: SMART GAS METERS MARKET, BY COUNTRY, 2016-2024 (USD MILLION) 39
TABLE 7 NORTH AMERICA: SMART GAS METERS MARKET, BY PRODUCT, 2016-2024 (USD MILLION) 39
TABLE 8 NORTH AMERICA: SMART GAS METERS MARKET, BY APPLICATION, 2016-2024 (USD MILLION) 40
TABLE 9 U.S.: SMART GAS METERS MARKET, BY PRODUCT, 2016-2024 (USD MILLION) 41
Continued…
List of Figures:
FIGURE 1 SMART GAS METERS MARKET: MARKET STRUCTURE 17
FIGURE 2 KEY TAKEAWAYS FROM SMART GAS METERS MARKET 18
FIGURE 3 RESEARCH PROCESS OF MRFR 20
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 21
FIGURE 5 DRO ANALYSIS OF GLOBAL SMART GAS METERS MARKET 24
FIGURE 6 NUMBER OF SMART GAS METERS INSTALLED IN GREAT BRITAIN (Q1 2014-Q4 2016) 25
FIGURE 7 FIGURE DRIVERS IMPACT ANALYSIS, 2016-2024 26
Continued…
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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Source: MarketersMedia
Release ID: 510642
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