Press release
Gas Meter Market to Witness Robust Expansion by 2023
A gas meter is a specialized flow meter, used to measure the volume of fuel gases such as natural gas and propane. Gas meters are used at residential, commercial, and industrial buildings that consume fuel gas supplied by a gas utility. Gases are more difficult to measure than liquids, as measured volumes are highly affected by temperature and pressure. Gas meters measure a defined volume, regardless of the pressurized quantity or quality of the gas flowing through the meter. Temperature, pressure and heating value compensation must be made to measure actual amount and value of gas moving through a meter.
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Global Gas Meter Market: Forecast by Type / Application / Region
The consumption volume of Gas Meter is related to downstream industries and United States economy. As there will be some uncertain of the United States economy in the following years, the growth rate of Gas Meter market may not keep that fast. But it is surely forecasted that the market of Gas Meter is still promising.
Technology, product design, and pricing patterns influence purchases of Gas Meter. The situation is rather complex, as the companies attempt to cater to diverse segments. The market is currently dominated by a handful of local companies that own the core technologies, including Elster, Itron, Sensus and so on.
In the next five years, the United States consumption of Gas Meter will maintain about 3.83% annual growth rate; consumption is expected to be 662.23 million USD in 2021. Therefore, in the next five years, Gas Meter overcapacity situation will not change much.
Over the next five years, LPI(LP Information) projects that Gas Meter will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Gas Meter Market: Key Players
Elster
Itron Inc.
Sensus
Aclara Technologies LLC
General Electric
Badger Meter
Diehl Metering GmbH
KROHNE
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Related Information:
United States Gas Meter Market Research Report 2018
Europe Gas Meter Market Research Report 2018
North America Gas Meter Market Research Report 2018
Asia-Pacific Gas Meter Market Research Report 2018
China Gas Meter Market Research Report 2018
EMEA Gas Meter Market Research Report 2018
Global Gas Meter Market Research Report 2018
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