openPR Logo
Press release

Gas Meter Market Has Grown Tremendously with Innovative Strategies during 2021 - 2028

09-22-2021 03:40 PM CET | Energy & Environment

Press release from: Allied Analytics LLP

Gas Meter Market Has Grown Tremendously with Innovative

Global gas meter market size was valued at $5.8 billion in 2020, and is projected to reach $9.7 billion by 2028, growing at a CAGR of 6.6% from 2021 to 2028. Gas meters are essential for ensuring adequate gas supply of natural or liquefied petroleum gas to keep a track on the usage of gas. Gas meters are widely used in industrial, commercial, and large residential areas to maintain total usage of petroleum gas supplied by utility companies. Moreover, gas billing systems based on automated meter reading in smart meter makes the billing procedure easier than that of conventional gas meters.

Growth in adoption of smart meters in commercial and large residential areas is expected to drive the market growth during the forecast timeframe. The mandatory installation of smart meters in households and commercial areas is anticipated to influence the gas meter market growth. In addition, increase in demand for efficient energy technologies such as implementation of IOT (Internet of Things) will further drive the demand for various smart gas meters.

Download Sample PDF @ https://www.alliedmarketresearch.com/request-sample/11718

On the basis of product type, smart gas meter emerged as the market leader in 2020. This is attributed to rise in demand for various gas meters in residential and commercial areas.

On the basis of end user, the residential end-user industry segment accounted for considerable market share, owing to increase in residential power consumption. Due to economic developments and favourable government policies, the smart meters market witnessed a large demand in the residential sector; therefore, positively impacting the market growth.

For Purchase Enquiry @ https://www.alliedmarketresearch.com/connect-to-analyst/11718

Region wise, Asia-Pacific accounted for the highest revenue share in 2020. This is attributed to emerging application of smart gas meters in China, India, and Japan. Furthermore, favorable government policies in these countries regarding subsidies and rebates, and mandatory installation of smart meters positively impact the market growth.

Key market players
• General Electric
• Elster
• Itron
• ABB
• Landis+Gyr
• Badger Meter
• Aclara

Get detailed COVID-19 impact analysis on the Gas Meter Market: https://www.alliedmarketresearch.com/request-for-customization/11718?reqfor=covid

COVID-19 scenario analysis
• The gas meter market has been severely impacted by the outbreak of COVID-19 across the globe. The market witnessed large fall in demand, owing to large number of shutdowns in the industrial sector.
• As the demand from end users gradually decreased, the wholesale gas meter price also decreased.
• In addition, the country wise lockdown measures delayed the installation of large number of new smart meters. Companies, who already invested in Advanced Metering Infrastructure (AMI), will not resume operation until they are financially stable.
• But stockpiling practices disrupted the supply chain of vendors, and countries with mandated installation deadlines will maintain the market demand during the pandemic.
• However, shifting trend toward work from home norms and growing residential energy consumption will escalate the installation of gas meters for residential end users.
• In the post-COVID period, industry players will focus to re-asses their supply chain and consider whether sourcing from domestic players closer to operational site may improve the supply chain.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Follow us on: https://www.linkedin.com/company/allied-market-research

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Gas Meter Market Has Grown Tremendously with Innovative Strategies during 2021 - 2028 here

News-ID: 2402967 • Views: 298

More Releases from Allied Analytics LLP

Bunker Fuel Market Outlook and Opportunities in Grooming Regions: Edition 2020-2 …
Global bunker fuel market size was valued at $120.1 billion in 2019, and is projected to reach $130.1 billion by 2027, growing at a CAGR of 3.1% from 2020 to 2027. Bunker fuel is a type of fuel oil that is used abroad vessels. It is poured into ship’s bunkers to power its engines. Bunker fuel gets its name from tanks on ports and in ships that it is stored
Virtual Power Plant Massive Margin Growth of $5.9 billion with at 21.3% CAGR by …
Virtual power plant is an aggregation of decentralized generators with the outline to integrate different distributed energy sources such as biomass plants, biogas block heating plants, wind turbines, and hydroelectric plants. In addition, virtual power plant offers enhanced power generation with a scope to trade or sell power on the electricity market. It is a medium-scale power generating unit for solar, wind, and other flexible power consumers and storage systems.
At 3.2% Growth Rate, Utility Poles Market Expected to Reach $58.8 billion by 202 …
Increase in the global energy consumption, surge in adoption in the telecommunication industry, and endorsement of steel's material profile as a green material have propelled the growth of the global utility poles market. The major growth drivers for this market are increasing power generation capacity, growing transmission and distribution infrastructure, and replacement of aging networks. Emerging trends which have a direct impact on the dynamics of the market include wider
Exponential Growth of $6.8 billion Predicted for Geothermal Power Market by 2026
The geothermal power market growth is driven by rise in investment in renewable energy projects in the region. Moreover, significant increase in energy demand due to rapid industrialization and rise in population in countries such as China and India are expected to boost the market growth. Geothermal power plants utilize steam to produce energy. The steam is generated from reservoirs of hot water found below the earth's surface. In the

All 5 Releases


More Releases for Gas

Acetylene Gas Market
According to a new research report distributed by eSherpa Market Reports titled, Acetylene Gas Market by Type and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2015-2026, the global Acetylene Gas market was valued at $XXX million in 2020, and is expected to reach $XXX million by 2026, registering a CAGR of XX% from 2015 to 2026. Europe dominated the global Acetylene Gas market in 2020, accounting for one-third share
Global Gas Mixtures Market
Global Gas Mixtures Market – Industry Analysis and Forecast (2018-2026) – by Mixture Type, Storage & Distribution Mode, Manufacturing Process, End-use Industry, and Region. Global Gas Mixtures Market was valued at US$ 30.2Bn in 2017 and is expected to reach US$ 43.2Bn by 2026 at a CAGR of 4.5%. Global gas mixtures market has been developing at a faster pace with the advance creative systems. Factors such as robust growth of the
Oil & Gas Explosion Lawyer
Concerns about gas and oil explosions and worker safety have been at the forefront of Oklahoma state officials’ minds as they continue to investigate a recent Pittsburg County explosion that left five workers dead and 17 with minor injuries. The explosion has shaken a state that is heavily invested in the fuel industry and has been said to be the worst incident of its kind since the Deepwater Horizon tragedy. Oklahoma
Global City Gas Distribution Market 2018: Key Players – Gujarat Gas, Indrapras …
Summary WiseGuyReports.com adds “City Gas Distribution Market 2018 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023” reports to its database. This report provides in depth study of “City Gas Distribution Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The City Gas Distribution Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an
Global Acetylene Gas Market 2017 - Jinhong Gas, Koatsu Gas, Linde
The report entitled Global Acetylene Gas Market 2017 presents key insights into the global Acetylene Gas market along with the latest up-to-date industry details and forthcoming Acetylene Gas industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Acetylene Gas Market 2017" is to study comprehensive details of the market
Green Vegetables Gas Up
WELTEC BIOPOWER Builds 500-kW Biogas Plant for Vegetable Producer In January 2015, WELTEC BIOPOWER started building an anaerobic digestion plant in Loughgall, Northern Ireland. The customer and operator of the 500-kW plant is the vegetable producer Gilfresh Produce. The enterprise produces numerous field-grown products and processes them into food. "For WELTEC, this is the third plant in Northern Ireland and thus the eleventh in the UK", says Kevin Monson, sales manager