Smart Gas Meter Market 2023- Market Size, Share, Growth, Business Strategies, Top Players And Forecast To 2032
As per the smart gas meter market report by The Business Research Company, the supporting government policies are expected to propel the growth of the smart gas meter market going forward. Government policies are the initiatives or policies issued by the government of any country concerning the growth of a particular market. Many government policies are designed by different governments in support of smart gas meters. Through these policies, the government provides smart gas meters for customers at subsidy rates.
The global smart gas meter market size grew from $3.79 billion in 2022 to $4.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The smart gas meter market size is expected to grow to $5.73 billion in 2027 at a CAGR of 8.4%.
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Major competitors in the smart gas meter market include Cisco Systems Inc., SmartSpace Software PLC., Eutech Cybernetic Pte. Ltd., Hitachi Vantara Corporation, Huawei Technologies Co. Ltd., International Business Machines Corporation (IBM), Schneider Electric SE, Siemens AG, Adappt, Spacewell, ABB, ICONICS, Ubisense, Smarten Space, Avnet Inc. (Softweb Solutions Inc.), ReelyActive, and Microsoft Corporation.
The smart gas meter market is segmented -
• By Type: Smart Ultrasonic Gas Meter, Smart Diaphragm Gas Meter
• By Component: Hardware, Software
• By Technology: Automated Meter Reading (AMR), Advanced Metering Infrastructure (AMI)
• By Application: Residential, Commercial, Industrial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the smart gas meter market.
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A smart gas meter refers to an electronic device that records information such as consumption of electric energy, voltage levels, current, power factor, and gas usage. This helps in providing information to the consumer, which helps to get greater clarity on the consumption and usage of gas. It is used to measure energy consumption, calculating costs and automatic meter readings.
The Table Of Content For The Smart Gas Meter Market Include:
1. Executive Summary
2. Smart Gas Meter Market Characteristics
3. Smart Gas Meter Market Trends And Strategies
4. Smart Gas Meter Market - Macro Economic Scenario
5. Smart Gas Meter Market Size And Growth
26. Africa Smart Gas Meter Market
27. Smart Gas Meter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Smart Gas Meter Market
29. Smart Gas Meter Market Future Outlook and Potential Analysis
The "Global Smart Gas Meter Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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