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Smart Gas Meter Market Report


Company Analysis, History and Future Overview, Global Sales Trends by 2025


Published Date: 2019-09-25   |   Pages: Ongoing   |   Tables: Ongoing   |  Report ID: 8108 |  Industry: Machinery & Equipment  |   Format : pdf word ppt excel



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Smart gas meter is an equipment employed to measure the control for natural gas, liquefied gas, manufactured gas, and other various pipe gases. This device is also known as intelligent gas meter. Moreover, it measures the basic parameters such as volume, pressure, as well as temperature of the gas. Sectors including commercial, industrial, and residential install these smart gas meters, thereby increasing the accessibility to gas for everyone. Market players are taking steps to develop smart metering systems that enable energy saving.

The market has been witnessing a number of product launches. One such instance is UG 2.2 dm3 series gas meters that are designed to be employed for measuring city gas, natural gas, and propane-butane gas. Such product introductions are anticipated to boost the smart gas meter market growth significantly.

Government Regulations to Boost the Market Growth

Government regulations and policies are acting as a major push to the smart gas meter market growth. Surge in the safety concerns has raised the demand for smart gas meter market, thereby resulting in significant market growth. Moreover, it has been observed that a large number of gas exploring companies are teaming up with smart gas meter manufacturers, which is having a positive impact on the smart gas meter market growth.

Rapid urbanization and surge in the demand for gas are some of the key factors driving the global smart gas meter market. Investments in digitalizing gas distribution channels are rising, which, in turn, is expected to open new avenues for the smart gas meter market.

Key Players to take up New Product launches

Key companies operating in the global smart gas meter market include Itron, Shaanxi Aerospace Power, Diehl Metering, Flonidan, Landis+Gyr, Viewshine, Xylem Inc., EDMI, Apator Group, Yazaki Corporation, ZENNER, Schneider Electric, MeterSit, Goldcard, Innover, Suntront Tech, and Elster Group GmbH. Companies are launching new products to expand their business and reach to a vast customer base across the globe. 

For instance, recently, one of the prominent companies, Flonidan launched SciFlo®, which is a compact static gas meter designed for measuring energy in residential settings, wherein gas is the energy source. This smart gas meter is based on ultrasonic measurement technology. It possesses a backlit graphical display.

Key Points to Remember

  Growing need for smart gas meters among various sectors to act as a key factor driving the global market

  Automatic meter reading (AMR) to gain popularity as a key product type

  Residential application to witness substantial growth in the near future

  North America to capture a conspicuous share in the global market in the forthcoming years

By Product Type

  Automatic Meter Reading (AMR)

 Advanced Metering Infrastructure (AMI)

By Application

  Residential

 Commercial

  Industrial

The researchers predict that the automatic meter reading (AMR) product type is expected to acquire a greater market share in the coming years. This technology gathers consumption data from the gas meters and conveys it to a central database for billing as well as other purposes. As per the analysts, the residential sector has emerged as a key application segment owing to the extensive usage of smart gas meters in the residential settings for energy and gas measurement. Moreover, there has been a surge in the number of residential gas subscriptions for cooking and heating purposes, which may fuel growth of the residential application segment in the foreseeable future.

By Region

world_regions

North America will emerge as a frontrunner in the smart gas meter market in the near future. Presence of key manufacturers in the US is expected to contribute significantly to the smart gas meter market growth. Government initiatives to implement smart gas meters is acting as a key factor driving the smart gas meter market in Asia Pacific. Also, there has been an upsurge in the smart city projects, which is having a positive influence on the smart gas meter market growth in this region. China has emerged as a key contributor to the regional market growth owing to introduction of government initiatives and consumer’s inclination towards smart gas metering systems.

The machinery and equipment sector is always undergoing changes with evolution in technology. Machinery and equipment include a wide range of products for various applications. Players are constantly striving to bring in innovation for efficiency and to remain relevant in the cutthroat competition. QYR Consulting brings to its readers reports ranging from heavy trucks to automated teller machines. These reports have been written after a careful analysis of the growth of the market over decades and by taking into account its trajectory.

The titles below discuss opportunities, threats, strengths, and restraints present in the machinery and equipment sector. Our dedicated team of analysts have compiled key statistics that define the trends so far and highlight the key areas of development. The collection of reports track the potential areas for investments and the upcoming trends, which could be the defining moments for the industry.

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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Why QYR Consulting?


We are committed to delivering the best solutions and we offer a 24*7 helpline.


We promise superior quality of authenticated data.


We offer help and advice across varying time zones.


We boast a strong team of experienced analysts.


We have an exhaustive repository of published reports.


Read More

Contact us Directly

USA
 +1 626 428 8800

India
  +91 20 67104444

Beijing
  +86 108 294 5717

For Enquiry : sales@qyrconsulting.com

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NOTE - The analysis, thoughts, views, facts, and opinions expressed in this report are of the respective research analysts. QYR Consulting does not necessarily endorse it or it is also not essentially formal views of QYR Consulting.



Smart Gas Meter Market Report