Smart Gas Market 2021 Business Scenario – ABB Ltd., Elster Group GmbH, General Electric Company, Itron, Inc., Schneider Electric SE

The Smart Gas Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The smart gas meter market witnessed a shipment of approximately 15.77 million units of smart gas meters globally in 2020 and is estimated to reach to 21.83 million units by 2026, registering a CAGR of 5.8% for the forecast period (2021-2026).

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Top Leading Companies of Smart Gas Market are ABB Ltd., Elster Group GmbH, General Electric Company, Itron, Inc., Schneider Electric SE, Oracle Corporation, Sensus, CGI Inc., Aclara Technologies LLC, Aidon Oy, Capgemini SA, Badger Meter and others.

Industry News and Updates

February 2019 - Tata Communications IoT network ignites the launch of Indraprastha Gas Limited's pre-paid smart gas metering system. It is one of the world's largest LoRaWAN network underpins India's leading natural gas distribution company strategy to boost efficiencies and enhance customer experience.

- March 2018 - Pietro Fiorentini, a pioneer in NB-IoT for Smart Meters, said it's RSE model Smart Gas Meter with 3GPP NB-IoT enabled connectivity has met European Union approvals. It becomes the first Smart Gas Meter with NB-IoT connectivity on the market to bear the EU's RED (Radio Emission Directive), MID (Measuring Instrument Directive) and ATEX (Installations in Explosive atmosphere) approvals.

Key Market Trends

The Commercial and Industrial Application to Increase Significantly

- The commercial end-users in the smart gas market are small businesses whose gas consumption requires gas flows and pressure similar to that of the residential segment. The prices for the gases might vary according to the location of the commercial spaces and the availability.

- The cost of the gases for commercial use is generally higher than that for domestic use, which further motivates the businesses to adopt smart gas solutions like smart gas meters. The adoption is also supported by the fact that commercial enterprises are preferably located in areas that have better communication and network infrastructure suited for smart meters installation.

- Industries generally have a high volume of gas consumption, where the applications may vary from its use for power generation, an essential component of the manufacturing process. Industries, such as chemical and fertilizer plants have gases used as core raw materials for the production.

Regional Outlook of Smart Gas Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Smart Gas Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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