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Smart Gas Meter Market to witnessing a CAGR of 12.11% for the forecast period 2018 – 2023| Key Players - ELSTER GROUP SE, ITRON INC, SENSUS USA INC, METER ITALIA, AEM, among others

02-04-2019 07:37 PM CET | Industry, Real Estate & Construction

Press release from: Market Prognosis

Market Analysis:

Increasing Demand in Asia-Pacific to Augment Market Growth

The market in China is rapidly shifting toward a commodity culture, and technological differences are limited.. Moreover, Japan is expected to witness the most robust growth, although the rollout of smart gas meters planned by the Japanese government is expected to be delayed beyond the forecast period, which is scheduled to be completed by 2020.

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The market for smart gas meters is expected to show consistent growth during the forecast period because of the factors like increase in billing revenue, accuracy, reduce labor costs and time. Parallel integration pushes the smart gas meter market, coupled with electricity meters, in countries like the United Kingdom, which is incorporating common In-House Displays (IHDs) for multiple services. The Residential Segment to have the highest share.

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Market Segments:
Smart Gas Meter Market is segmented by:
1. End User: Commercial, Residential, Industrial
2. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• July 2017: Sagemcom announced the acquisition of Meter Italia SpA. Through this acquisition, Sagemcom aims to strengthen its positions in the multi-energy market.
• May 2017: Itron acquired the demand-response provider, Comverge, for USD 100 million. The deal would allow Itron, a leading provider of advanced metering and smart grid technologies, to enhance offerings around the integration of distributed energy resources for utilities.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today's complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMark Pvt Ltd,
Thane - 421501
India.
Contact No: +1 973 241 5193
Email: sales@marketprognosis.com

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