Press release
Smart Gas Meter Market Top Key Players of Forecast Industry: Itron Inc. (U.S.), Apator Group (Poland), Honeywell International, Inc. (U.S.), Diehl Metering (U.K.), Raychem RPG (India), Sensus (U.S.)
Smart gas meters have increasingly substituted existing meters. Smart gas meters are helpful tools for the end users as provide energy efficiency, monitoring and enables the end users to keep on top of the gas bills. Smart meters provide a two way communication between the meter and the central system. With numerous advantages over traditional gas meters such as energy efficiency and conservation, smart gas meters market has witnessed a significant growth in recent times.
One such problem is the adaptability of smart gas meters. Most of the smart gas meters are effectively trapped with their energy supplier. The gadgets are supposed to record household energy use every 30 minutes and send this information directly to energy companies, meaning customers pay only for the energy they use. The smart meters installed in the households are not adaptable to the rival supplier’s connections. Switching suppliers would result in the meter being no longer “Smart”, but would revert back to a dumb mode which is no different from the traditional meters we have been using for decades.
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Focus on customer service and government mandates: Key Driver
Government mandates are another source of increasing demand acting as a market driver. Government policies specifically in United States, EU and Asia-Pacific region are targeting maximum roll outs of smart gas meters in households to ensure efficient energy usage. The development of smart grids is widely considered to be a key enabler of the transition towards a low carbon economy.
Smart meters are the next generation of gas and electricity meters and offer a range of intelligent functions. Most of the smart meters that are being installed today use mobile phone-Product signals to send meter readings to your supplier, and other wireless technologies to send information to the in-home display. The data received by the supplier is then analyzed to get a comprehensive picture of the energy consumption estimate.
Need for efficient energy usage and conservation of energy has induced a significant demand in the smart gas meter which enables the customers to be on top of their energy consumption and production
Top Key Players:-
Landis+Gyr (Switzerland), Itron Inc. (U.S.), Apator Group (Poland), Honeywell International, Inc. (U.S.), Diehl Metering (U.K.), Raychem RPG (India), Sensus (U.S.), Dandong Dongfa Group Co. Ltd. (China), EDMI Limited (Singapore), and Chongqing Shancheng Gas Equipment Co. Ltd. (China). Rapid growth in the end users and low differentiation in meter function requirements has shifted the market focus towards commoditization, thereby intensifying the competitive pricing rivalry between key players.
Smart Gas Meters Market - Segmentation
Global Smart Gas Meters Market is segmented in to three key dynamics for an easy grasp and enhanced understanding.
Segmentation:
On the basis of product, market is segmented into Diaphragm Smart Gas Meters, Turbine Smart Gas Meters, Rotary Piston Smart Gas Meter, and Others
Based on application segment the market is segmented into Residential, commercial, and Industrial. Residential sector dominates application segment of the market. Major roll out plans in EU, United States and Asia-pacific target smart gas meter market specifically in the residential sector.
Segmentation by Regions: Comprises Geographical regions – United States, European Union, China, Japan, South Korea, Taiwan, and Others
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Smart Gas Meters Market - Regional Analysis
United States dominates the global Smart Gas Meters market. Government policy mandates and fiscal incentives have been the primary drivers for the demand for Smart Gas Meters. Also, the region is the hub of major manufacturers which has the positive influence on the growth of the market.
European Union is the second largest region for the market. Numerous countries in EU have endorsed legislation mandating adoption of Smart Gas Meters as part of broader clean energy initiatives. This increase the demand of the market during the forecast period. China & Japan are also the major region for the market. Tokyo Electric Power Company (TEPCO), the largest utility in the Japan has announced plans to implement AMI as an important constituent of smart grid demonstration projects. This drives the growth of the market.
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