Smart Gas Meter Market Evolution 2018 By Top Manufacturers Players are: Landis+Gyr, Itron Inc., Apator Group, Honeywell International Inc., Diehl Metering, Raychem RPG, Sensus, Dandong Dongfa Group Co. and more | Analysis by Forecast to 2027

Smart Gas Meters Market

Smart Gas Meters Market Overview:
Smart Gas Meters Market is forecasted to demonstrate an exponential growth by 2027, surpassing its previous growth records in terms of value with a whooping, CAGR of 5.37% during the estimated period (2018 – 2027).

Increasing government roll outs across the globe is the key factor driving the growth of the market. In EU, around 1.5 million smart gas meters already installed in households. Additionally, increasing need for efficient energy usage and conservation of energy has prompted a significant demand in the smart gas meter which allows the consumers to be on top of their energy consumption and production. Furthermore, rising investment in smart grid projects across the globe is also fuelling the growth of the market.

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Smart Gas Meter Market Application:
Smart Gas Meter Market include; rising government initiatives and mandates to implement smart gas meters in households and commercial application in recent times by spreading awareness regarding smart and efficient usages of these meters. Major players such as Itron, Landis+Gyr, and Sensus are playing a significant role in the development of significant infrastructure required for the implementation of smart grids at ground level.

However, there is a problem of compatibility hindering the adoption of smart gas meters. Most of the smart gas meters are effectively made compatible with their suppliers only meaning these supposedly smart meters installed in the households are not adaptable to the other/ rival supplier’s connections. Switching suppliers would result in the meter being no longer “Smart” but would revert to a dumb mode which is no different from the traditional meters of decades old. Advancement is technology is already underway eradicating this issue introducing a new centralized communications network.

Smart Gas Meter Market Key Players:
Smart Gas Meter Market include: 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.

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Smart Gas Meter Market Competitive Analysis:
Smart Gas Meters Market appears to be highly fragmented and competitive owning to the presence of numerous large and small players active in regional market. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Smart Gas Meter Market Regional Analysis:
United States dominates the global smart gas meters market. Supportive government policies and fiscal incentives have been the crucial drivers for the demand for smart gas meters. Also, the region is the hub of major manufacturers such as Itron Inc., Honeywell International, Inc. and others which has the positive influence on the growth of the market.

European Union is the second largest region for the market. Several countries in EU have endorsed legislation mandating adoption of smart gas meters as part of broader clean energy initiatives. This upsurge the demand of the market during the forecast period. China & Japan are also another 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 pushes the growth of the market.

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