Global Gas Meters Market Growing on Account of Surging Adoption of Smart Meters

In order to ensure judicious consumption of utilities and accurate monitoring, there has been a surge in the use of smart meters over traditional meters. Increased use of smart meters has contributed significantly towards the growth of gas meters market. In a recently added report entitled, ‘Gas Meters Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2017 – 2024’, Market Research Hub (MRH) provides vital information on the impact of recent market trends and technological innovations on the growth of the market.

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Snapshot of Gas Meters Market

Manufacturers in the gas meter industry are focusing on technological innovation, such as IoT enabled smart meters to ensure superior end user experience. Growing need to curb greenhouse gas emissions, and appropriate utilization of resources such as gas, electricity, and water is encouraging companies to invest on industry-specific product improvisation.

Aiming to meet end-user expectations, leading manufacturers are implementing novel strategy to upgrade their products and technology. In a recent announcement, Gold Card Smart Group, a leading producer of smart gas meters has confirmed its partnership with Huawei, a telecommunication equipment and service provider. The collaboration envisions to introduce smart gas solutions with the aid of Huawei’s NB-IoT technology, IoT platforms and Gold Card Smart Group’s Smart Gas software. The partnership is aimed at integrating novel technological solutions with smart meters in order to enhance product quality to meet industry requirements.

Demand for efficient gas meters has been witnessed globally. Several countries across all regions are soon adopting better gas solution infrastructure to combat discrepancies associated with gas monitoring and distribution system. A recent report confirmed that, SAP, leading software company has agreed to collaborate with Siemens in their endeavor to expand smart meter infrastructure in India, to achieve Indian government’s objective to install nationwide smart meters.   

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Segmentation of Gas Meters Market

Vital perspectives encapsulated in the report offers vital information and in-depth understanding concerning the influence of growth of segments on the market. In this section, the report highlights important segments of the market which include product type, application, and region. Based on product type the market is segmented as Diaphragm Gas Meters, Rotary Gas Meters, Turbine Gas Meters, Ultrasonic Gas Meters and others. On the basis of application, the market is segmented as Residential Application, Commercial Application, and Industrial Application.

Besides segmentation, the report offers information about the segmentation of market based on different regions. On the basis of region, the market is segmented as North America, Latin America, Europe, Asia Pacific, Middle East and Africa. Statistics cited in the report guides the readers on the impact of various policies adopted by the market players in different regions. On the basis of these crucial insights, leading players can infer the recent developments and trends that are prevalent in the market. These valuable perspectives will enable the readers to execute informed plans and goals to achieve quick results.

Key Players identified in Gas Meters Market

Crucial information provided in the report presents an executive summary that are administered by the key players across the industry. Relevant information offered in the report encapsulates insights pertaining to the policies and strategies implemented by leading companies and their impact on the growth of the market. Based on these deductions, suppliers, investors and stakeholders can infer the marketing tactics applied by market players and design appropriate strategies and investment plans.

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This release was published on openPR.