Press release
Smart Gas Meter Market Global Share Analysis, Industry Segmentation, Growth Rate, Business Strategies by Forecast To 2027
Increasing government roll outs across the globe is the major factor driving the growth of the market. EU alone has made big strides in the government roll outs with 1.5 million smart gas meter already installed in households. Additionally, 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.
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Industry News:-
In October 2017, Landis+Gyr, global provider of energy management solutions, announced the introduction of the next generation of smart meters for electricity and gas in the UK. The first of the new model UK smart meters is now installed and live in a British Gas customer's home.
In September 2017, Honeywell announced that it is providing Honeywell smart meters, software and communication networks that will enable two municipal utilities to upgrade from a traditional grid to smart grid infrastructure, allowing them to deliver enhanced reliability and service to their customers.
In October 2016, Honeywell announced that it has been awarded the contracts for two smart grid projects in Mexico by the country’s federal electrical company. Smart Energy division is responsible for delivering gas and electricity meters, as well as providing data analytic solutions.
Industry Top Key Players:-
• Landis+Gyr
• Itron Inc.
• Apator Group
• Honeywell International, Inc.
• Diehl Metering
• Raychem RPG
• Sensus
• Dandong Dongfa Group Co. Ltd.
• EDMI Limited
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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