Smart Gas Meter Market 2022 Explosive Factors of Revenue by Industry Statistics, Size, Demands, Trends, Opportunity, Share and Forecast To 2026

The "Smart Gas Meter Market" provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the Market’s growth. The rise in the aviation sector is escalating the growth of the Smart Gas Meter Market. Increased adoption of superior technology consisting of synthetic intelligence and system learning, a developing quantity of records and growing utility of records answers through an extensive variety of ends person verticals consisting of banking, economic services, and insurance, authorities and public sector, telecommunications and IT, energy, healthcare and others are the foremost elements as a consequence of the increase of the market.

The Global Smart Gas Meter Market Size is Projected to Reach at a CAGR of 5.92% during 2022-2026.

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Market Overview:

- Increasing demand for data among end-users drives the smart gas meter installation. According to the Department of Business Energy and Industrial Strategy United Kingdom, households paid an average of GBP 655 for gas in 2019. Approximately 23.5 million people use gas for heating and cooking in their homes. According to British Petroleum, the United Kingdom's natural gas consumption accounted for 78.8 billion cubic meters in 2019. The increasing gas consumption across the household, industrial and commercial applications across the world, in the wake of reducing GHG emissions, are prompting consumers to know their usage pattern, such that they can reduce their overall consumption and bills.

Key players in the global Smart Gas Meter Market covered:

Landis + GYR Group AG?, Wasion Group Holdings?, Elster Group GmbH (Honeywell International Inc.) ?, Itron Inc.?, Azbil Kimmon Co. Ltd (Azbil Corporation) ?, Sagemcom SAS?, Diehl Stiftung GmbH & Co. KG ?, Holley Technology Ltd (Zhejiang Huamei Holding Co. Ltd) ?, Apator SA?, Yazaki Corporation, Aichi Tokei Denki Co. Ltd?, Pietro Fiorentini SpA, AEM?, Zenner International GmbH & Co. KG?, Sensus Usa Inc. (Xylem Inc.)

Recent Development:

- May 2020 - Itron Inc. announced a collaboration with EDMI Limited to develop and launch a SMETS2-compliant gas meter in the United Kingdom, in order to address the growing demand in the region by bringing to market a complete solution to safely and reliably manage natural gas delivery.?
- March 2020 - Tata Communications announced the partnership with Mahanagar Gas Limited (MGL) to install 5,000 smart gas meters in Mumbai, India. The IoT network provided by tata Communication will connect to MGLs smart gas meters allowing businesses and households to monitor gas usage. Using the network, MGL will be monitor and identify problems of the gas meters and track usage using LoRaWAN technology.

Market Segmentation by Type:

Automatic Meter Reading (AMR)
Advanced Metering Infrastructure (AMI)

Market Segmentation by Application:

Residential
Commercial
Industrial

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Key Market Trends

United Kingdom Accounts for Significant Market Share

- The United Kingdom accounts for a significant market share due to the increasing number of government initiatives for the simultaneous rollout of energy meters, supported mainly by the transforming infrastructure.?
- The UK government recently initiated the Smart Metering Implementation Program to replace more than 53 million conventional electricity and gas meters in over 30 million residential premises by 2020. The country�s accelerated growth toward the deployment of smart gas meters as part of smart meters is expected to aid its market growth. The country has a clear rollout strategy, led by the Department of Energy and Industrial policy.?
- The accelerating smart meter rollout, growing awareness of the energy crisis, and the European directive to reduce 80% of carbon emission by 2050 have been identified as the significant factors influencing the growth of smart gas meters.?

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Asia-Pacific to Hold Significant Market Growth

- Asia-Pacific accounts to hold significant market growth in the coming period. According to China's 13th Five-Year Plan (2016 to 2020), the country will further advance its natural gas development by 2020, where the proportion of gas used as a primary energy source will rise to 9-10% from 5.9% in 2015. ?
- In China, the pipeline network is anticipated to expand by 40,000 km, with an annual growth rate of approximately 10%. Moreover, natural gas services will be delivered to a 470 million population, which is 42% more than 140 million baselines providing annual growth of 10% (source GSMA). To achieve such objectives, China will import more natural gas, further strengthen its peak-load regulation infrastructure, and digitalize urban natural gas services.

Table of Contents: Smart Gas Meter Market

- Chapter 1: outline of Smart Gas Meter marketplace

- Chapter 2: worldwide market reputation and forecast through areas

- Chapter 3: worldwide marketplace popularity and forecast by using types

- Chapter 4: worldwide marketplace repute and forecast by using Downstream enterprise

- Chapter 5: marketplace riding issue evaluation

- Chapter 6: market opposition reputation by major producers

- Chapter 7: essential producers Presentation and market data

- Chapter 8: Upstream and Downstream marketplace investigation

- Chapter 9: Fetched and net part investigation

- Chapter 10: marketplace file end

- Chapter 11: research technique and Reference

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