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Badger Meter, Itron, Landis+GYR, Schneider Electric, Siemens, Sensus Sentec, Osaki Electric, Elster Group, Neptune, Honeywell, Raychem, Profiled in Smart Gas Metering Systems Market Report 2018 by Global Market Insights, Inc.
Smart Gas Metering Systems Market
Growing measures toward optimizing operational efficiencies of utilities to address escalating consumer demand will propel the smart gas metering systems market. Ability to offer improved assets management and real-time consumption information will further strengthen the product demand. Increasing consumer affinity toward shared infrastructure communication for gas meters will further fuel the industry growth.
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AMR smart gas metering systems market will witness robust growth on account of its ability to remotely monitor energy usage. Increased profitability, easy availability, low installation cost and affordable maintenance are some of the significant parameters which will boost the product adoption.
Increasing demand for accurate billing along with real-time monitoring of consumption pattern will complement the global smart gas metering systems market growth. Intensifying conservation measures in response to scarce availability of resources will further stimulate the business scenario.
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 for 2016 was over USD 1 billion and will exceed USD 9 Billion by 2024.
Growth Drivers:
. Favorable government directive
. Energy conservation
. Workforce management and operational efficiency
. Improved customer service and billing accuracy
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UK smart gas metering systems market will witness growth on account of government rollout programs facilitating the deployment of intelligent meters. Active regulatory compliances pertaining to environmental conservation will further enhance the industry outlook. For instance, in 2013, the government mandated rollout targets in European Union countries consisting Ireland, UK, Italy and Netherlands for the installation of 50 million smart gas meters by 2020.
U.S. smart gas metering systems market is projected to expand over 18% by 2024. Introduction of several state rollout programs and legislative directives for the deployment of smart gas systems will positively drive the industry outlook. In 2013, the U.S. Department of Energy (DOE), through its American Recovery and Reinvestment Act (ARRA) funded the installation of smart grid technologies in the country.
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 and Schneider Electric.
Browse key industry insights spread across 241 pages with 336 market data tables & 17 figures & charts from the report, Smart Gas Metering Systems Market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/smart-gas-metering-systems-market
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