Publisher Name : Business Intelligence Insights (BII) Publish Date : 2022-06-22
As per Business Intelligence Insights (BII) study, the global Smart Gas Meter Market attained revenue growth of USD 1,969.40 million in 2021 and it is projected to reach around USD 2800.68 million by 2030, growing at a 4.50% CAGR.
The market for smart gas meters is expected to be driven by rising gas consumption during the forecast period. These indicators play an important role in estimating efficiency in several application areas such as domestic, business, and modern. Growing energy interest and environmental concerns have led to a change toward the use of gaseous petrol, which has inherent properties. Low emission, better calorific value, and easier functionality are all allowed to perform a role in the future establishment of the company. The shift in consumer behaviour is believed to enhance the gas meter business over the upcoming years.
However, smart gas meters utilize remote organizations to send utilization information straightforwardly to the provider permitting foundation upkeep, far off area observing, and programmed charging. It includes within display that provides buyers with real-time usage data. These devices play a vital role in resource execution monitoring, providing constant data during gas tasks. Smart meters facilitate in the collection, storage, and transmission of meter data to the central server.
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• Antisugar
• Intron
• Honeywell International
• Apatow Group
• Diehl Metering
• Senses (Xylem)
• EDMI
• Raychem RPG
• CHINT
• ZENNER
• Master Meter
• Acara Technologies
• others
• Based on technology, the market in 2021, the automated meter reading (AMR) segment is expected to lead the smart gas meter market during the forecast period. The growing demand for effective smart gas meters and the need for automated meter reading collection without actual assessment are driving the market for magnificent gas meters. In account of the expanding establishment of smart gas meters in private, business, and modern end clients, Asia Pacific is expected to hold the largest share of the smart gas meter market, followed by Europe over the upcoming years.
• The hardware segment based on component held the largest portion of the smart gas meter market over the upcoming years in 2021. Expanding interest for exact smart gas meter activities is expected to drive the market. Similarly, manufacturers are increasingly focusing on designing the equipment elements with a higher degree of framework coordination and better on-plan to keep smart gas meters small and cost-effective.
• North America and Europe are anticipated to witness rapid growth during the forecast period due to the regulations requiring businesses to replace old standard meters with smart ones. Because of factors such as growing urbanization and government initiatives toward industrialization, developing regions such as Asia Pacific, the Middle East and Africa, and Central and South America are expected to see active interest. Other main components expected to have a significant impact on the market over the forecast period due to rising energy interest and a change in customer preferences toward the use of petroleum gas.
• The report contains qualitative and quantitative research on Smart Gas Meter Market as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the markets’ main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company’s global presence, competitors, service offers, and standards.
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Based on the technology
• Automated Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
Based on the type
• Smart Ultrasonic Gas Meter
• Smart Diaphragm Gas Meter
Based on the component
• Hardware
• Software
By End User
• Residential
• Commercial
• Industrial
By Region
• North America
o U.S.
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe
• The Asia Pacific
o China
o India
o Japan
o Rest of Asia Pacific
• Latin America
o Brazil
o Mexico
o Rest of Latin America
• The Middle East and Africa
o UAE
o South Africa
o Rest of the Middle East and Africa (MEA)
Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive Smart Gas Meter market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –
• What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
• What is the current trend taking place in the market space?
• What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
• What market drivers, restraints, and challenges are influencing market demand and growth?
• In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?
The Smart Gas Meter Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our Smart Gas Meter Market Forecast Report 2022- 2030 - Order Now!
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