Smart Gas Meter Market: Global Industry Size to Witness Considerable Growth by 2027

Evolve business intelligence, today has published a new market research report on “The global Smart Gas Meter market size was valued at $XX Million in 2020 and is expected to reach $XX Million by 2028 growing at the CAGR of XX% from 2021 to 2028. This is attributed to the digitalization of distribution grids and optimization of network operations.

For more information on the report: https://evolvebi.com/product/smart-gas-meter-market-analysis-and-forecast-2021-2028-with-covid-impact-analysis/

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the smart gas meter market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

In terms of COVID 19 impact, the smart gas meter market report also includes the following data points:
• COVID19 Impact on smart gas meter market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in smart gas meter market

Analyst View
According to Nisha, Principal Analyst, Evolve Business Intelligence, “the recent COVID scenario is expected to have a negative impact on the smart gas meter market. Due to the lockdown worldwide, the manufacturing of the gas meter market was temporarily shut down. Further, the significant budget was shifted from the development of smart cities towards the healthcare infrastructure leading to a reduction in smart gas meters demand during the initial phase of the lockdown worldwide.”

Competitive Scenario
Some of the major smart gas meter players holding high market share include Honeywell International Inc., Itron Inc., Landis+Gyr, and Schneider Electric SA. These players use collaboration and expansion as a key strategy to gain significant market share to compete with market leaders.

Segmental Analysis
The Smart Gas Meter market is analyzed across the below-mentioned different segments:
• Product Type
o Automated Metering Infrastructure (AMI)
o Automated Meter Reading (AMR)
• Application
o Residential
o Industrial
o Commercial

Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the smart gas meter market ecosystem that have been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.

The key players profiled in the report are:
• Honeywell International Inc.
• Itron Inc.
• Landis+Gyr
• Schneider Electric SA
• Siemens AG
• Badger Meter
• EDMI
• Sensus
• Aclara Technologies
• Apator SA.

To request a free sample report, click on the “Request Sample PDF” button on https://evolvebi.com/product/smart-gas-meter-market-analysis-and-forecast-2021-2028-with-covid-impact-analysis/

Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trademap, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.

Report Objectives
• To define, describe, and forecast the smart gas meter market, in terms of value, segmented on the basis of indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the smart gas meter market
• To provide an overview of the value chain analysis pertaining to the smart gas meter industry
• To strategically analyze each segment and subsegment with respect to individual overall growth trends and their contribution to the overall smart gas meter market
• To analyze opportunities in the market by identifying high-growth segments of the smart gas meter market
• To profile key players in the smart gas meter market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global smart gas meter market

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This release was published on openPR.