Press release
Smart Gas Metering Systems Market – Trends Research And Projections For 2017-2024
Global Market Insights
"Smart Gas Metering Systems Market is anticipated to grow at over 9% and to exceed USD 11 billion by 2024. Growing demand for accurate billing techniques along with effective real-time energy consumption mapping will boost the industry landscape. Depleting non-renewable energy resources will impel countries to undertake conservation measures and will thereby catalyze the business outlook.
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Automated Metering Infrastructure (AMI) systems is projected to surpass 30 million units by 2024. Automatic Meter Reading (AMR) segment has witnessed expanding demand and is set to experience extensive growth owing to its user friendly and sorted technology interface. Cost competitiveness along with extensive adoption of the technology will further enhance the smart gas metering systems market.
Favorable government incentives to promote the energy efficient technology coupled with increased smart gas meter projects will augment the smart gas metering systems market. In 2014, the European Commission reported that up to 45 million smart gas meters will be installed by 2020 and above 40% of the EU member countries will have a smart meter installed for gas.
Strict regulations towards enhanced systems deployment to precisely track consumption across the end users will further stimulate the business growth. EU Directive 2009/73/EC mandates the end-users to be educated of the differences between conventional and intelligent metering systems. Moreover, the edict also requires the utility companies and regulators to safeguard the consumer’s consumption data and to educate them towards time-of-use pricing scheme.
U.S. smart gas metering systems market is predicted to observe robust growth prospects owing to favorable government initiatives to improve grid infrastructure along with stringent regulations towards accurate billing. The American Recovery and Reinvestment Act enabled Department of Energy to invest a sum of USD 900 million in the smart grid projects will stimulate the business outlook.
Japan smart gas metering systems market is projected to witness substantial growth by 2024 owing to growing investments along with favorable administration plans in accurate metering devices. In 2015, the Tokyo Electric Power Company (TEPCO) announced to expand its service area and install up to 27 million residential smart meters by 2020.
Key players across the smart gas metering systems market include Osaki Electric, Itron, Siemens, Neptune Technology, Landis+GYR, Schneider Electric, Holley Metering, Circutor, Icsa, Iskraemeco, Honeywell, Elster Group, Sensus, Sentec, and Badger Meter.
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Browse key industry insights spread across 241 pages with 336 market data tables & 17 figures & charts from the report, “Smart Gas Metering Systems Market Size By Application (Residential, Commercial, Utility), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook (U.S, Canada, Germany, UK, France, Sweden, Italy, Portugal, Netherlands, Luxembourg, Japan, China, South Korea, India, Australia, UAE, Saudi Arabia, South Africa, Lebanon, Egypt, Mexico, Brazil, Uruguay, Argentina), Growth Potential, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-gas-metering-systems-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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