Press release
Smart Water Metering Market Leading Players: Itron, Landis+GYR, Siemens, Sensus Sentec, Badger Meter, Osaki Electric, Neptune, Honeywell International, Raychem, Schneider Electric, Aclara Technologies LLC
Smart Gas Metering Systems Market
According to latest research by Global Market Insights, Inc, Smart Gas Metering Systems Market to surpass USD 9 Billion by 2024. Stringent government initiatives toward energy conservation coupled with obligatory nationwide rollout programmes pertaining to ecological sustainability will boost the smart gas metering systems market. Continual need for billing precision coupled with enhanced customer experience will further stimulate the industry growth. The Smart Metering Implementation Programme (SMIP) started by the UK government aims at replacing 53 million smart meters by the year 2020 in over 30 million residential establishments. The implementation programme aims at efficient energy utilization and rearrangement of the energy supply system.
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Top Key Players: -
Key players operating in the smart gas metering systems market include Itron, Landis+GYR, Siemens, Sensus Sentec, Badger Meter, Osaki Electric, Neptune, Honeywell International, Raychem, Schneider Electric, Aclara Technologies LLC
Market share calculation in this report is not done based on companies covered in it. The calculation of smart gas metering systems market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
UK smart gas metering systems market is projected to witness a growth of over 12% by 2024. Shifting trends toward digital economy and growing measures to attain environmental sustainability will stimulate the business growth. The EU Energy Efficiency Directive outlines the legal measures to step up the efforts of EU Member States to use energy efficiently at all stages of the energy chain.
Japan smart gas metering systems market size is set to witness high growth owing to subsequent growing consumer interest toward billing transparency coupled with modernization of conventional metering infrastructure. For instance, Ministry of Economy, Trade and Industry (METI) has undertaken initiatives to install smart meters by 2020 in Japan.
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Implementation of fiscal incentives coupled with government plans to roll out the existing meters will provide a substantial edge to smart gas metering systems market. Several countries have implemented distinct legislations that mandate the adoption of AMI meters as a part of their energy conservation initiatives. As per the Government of Great Britain, the replacement of 53 million smart meters is expected to be executed across residential establishments by the year 2020.
Rising measures to mitigate increasing fuel prices coupled with government legislations toward sustainable energy development will enhance the smart gas metering systems market. Increasing adoption of smart grid technologies along with the need to restructure gas pipeline networks will further propel the business landscape.
Smart gas metering systems market from utilities is predicted to witness growth on account of efficient expansion of gas networks to cater the rising population index. Efforts to reduce energy costs coupled with increasing focus toward infrastructure restructuring will stimulate the product adoption during the forecast timeframe.
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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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Global Market Insights, Inc.
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