Smart Gas Metering Systems Market Growth Evolution 2018-2024: Honeywell Elster, Osaki, Itron, Landis+Gyr, Sensus, Aclara Technologies LLC, Badger Meter, Inc., Siemens, Schneider Electric SE, Apator, Raychem RPG, Neptune Technology Group, Inc., Diehl

Smart Gas Metering Systems Market has indeed successfully paved its way across myriad geographies, thanks to the numerous programs being conducted with regards to their rapid adoption. Recently for instance, Pietro Fiorentini announced that it would soon launch its RSE Smart Gas Meter embedded with 3GPP Narrowband-IoT connectivity in Europe smart gas metering systems market. Indeed, this is the first Smart Gas Meter along with NB-IoT connectivity that has officially received the approval of the European Union. The product’s trials have already been successfully carried out across countries such as Spain, Portugal, Estonia, China, Poland, Iran, Lithuania, Italy, Ireland, and Sweden.

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Speaking of the European turf, it is prudent to mention that the UK has a pivotal role to play in augmenting the regional smart gas metering systems market. The SMIP (Smart Metering Implementation Program) initiated by the UK government for instance, intends to replace 53 million electricity and gas meters in more than 30 million residential households by 2020. In order to simplify the rollout process, the UK government had set up a centralized entity – the DCC for providing a universal system for communications services for smart meters. The system went live in late 2016, post which the first half of 2017 witnessed a rollout of 0.8 million smart gas meters in the UK, adding up to a total of 3.1 million units.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

• Honeywell Elster
• Osaki
• Itron
• Landis+Gyr
• Sensus
• Aclara Technologies LLC
• Badger Meter, Inc.
• Siemens
• Schneider Electric SE
• Apator
• Raychem RPG
• Dandong Dongfa (Group) Co. Ltd.
• Neptune Technology Group, Inc.
• Diehl Metering

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.

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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.

Europe incidentally, is considered to be one of the most lucrative avenues for smart gas metering systems market and already boasts of numerous rollouts. The EU Gas Directive of 2013 had declared a target of installing more than 50 million smart gas meters by 2020 across the continent to stimulate smart gas metering systems industry. As per estimates, in 2017, the installed collection of gas meters for consumers almost doubled to over 17 million units in EU28+2, driven by the installations across Italy, France, the UK, and the Netherlands. In fact, Italy was the first European nation that deployed smart gas meters on huge scale. The National Regulatory Authority for Electricity, Gas and Water in Italy had actually set a target that 100% of industrial gas meters 60% of residential gas meters should be smart by 2018. With the lure of cost benefits, the deployments witnessed an upsurge since 2014, propelling the regional smart gas metering systems industry size.

China is another massive contributor toward the overall smart gas metering systems market share. The country’s government has been highly proactive in ensuring that smart meters are duly installed in the nation in order to save on excess bills. In 2015 for instance, the NDRC (National Development and Reform Commission) of China launched a time-of-use and ladder pricing structure for consumers across the commercial, utility, and residential sectors. Not to mention, numerous other initiatives for installing intelligent gas meters around the country have also been undertaken in China in the last few years. With growing consumer inclination toward smart meters and the support of a favorable regulatory landscape, China smart gas metering systems market size has been projected to register a CAGR of 25% over 2017-2024.

Smart Gas Metering Systems Market size will exceed USD 9 Billion by 2024, as reported in the latest study by Global Market Insights, Inc. Implementation of favorable government mandates and fiscal incentives toward intelligent gas meter deployment for accurate measurement of gas consumption patterns will boost the global smart gas metering systems market. In 2016, the Federal Council of Germany introduced the Digitization of the Energy Turnaround Act that stipulates all EU member states to equip 80% of its customers with smart meters by 2020

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:

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AMI smart gas metering systems market is set to reach over 20 million units of annual installation by 2024. AMI monitors consumption along with time and are designed to transmit the pricing information from the utility to the consumer. The implementation of these systems in the infrastructure can streamline the operations of utilities while reducing expenditures, extending services, and providing greater safety.

Utility smart gas metering systems market is anticipated to witness growth owing to rising measures toward reduction of theft. Effective expansion of gas distribution facilities catering to the growing population base will further enhance the product penetration. Modernization of critical metering infrastructure to reduce operational expenditures and optimize operations will further boost the product demand.

Similar to Landis+Gyr, numerous other companies in smart gas metering systems market have been striving to bring about unique product offerings, on the grounds of which they have been inking strategic agreements with leading firms. In 2017, SK Telecom signed a MoU with Chongqing Gas, the Economic and Information Commission of Chongqing Province, and China Mobile for developing IoT assisted remote gas metering systems across Chongqing. The arrangement enabled users to monitor gas usage through smartphones in addition to helping metermen detect potential gas leakage. The ability of such utility devices to be operated via smartphones and desktop PCs will boost product demand, thereby driving smart gas metering systems market trends.

Top key players in the smart gas metering systems market comprise of Badger Meter, Itron, Landis+GYR, Schneider Electric, Siemens, Sensus Sentec, Osaki Electric, Elster Group, Neptune, Honeywell International and Raychem.

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