Smart Gas Meter Market Report : Anticipated Surge to USD 3.05 billion by 2028, Trends Predicted till 2028

The Global Smart gas meter market is expected to grow at 5.1% CAGR from 2019 to 2028. It is expected to reach above USD 3.05 billion by 2028 from USD 1.95 billion in 2019.

Exactitude Consultancy research's "Smart Gas Meter Market Forecast" study report focuses at sales and the overall global market for Smart Gas Meter in 2022. The sales forecast for Smart Gas Meter by region and market sector for the years 2023 through 2028 is then thoroughly analyzed. This study provides a comprehensive analysis of the global Smart Gas Meter market, with sales of Smart Gas Meter broken down by region, market sector, and sub-sector, in US$ million.

Based on market dynamics and development-promoting variables, the Smart Gas Meter Market research assesses market valuation and growth rate. On the most recent business prospects, trends, and news in the sector. Along with a SWOT analysis of the major suppliers, the research also includes a thorough market study and vendor landscape.

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Market Overview:

Smart gas meters automatically monitor basic characteristics like pressure, volume, and temperature of the gas flowing through the pipeline. The installation of smart gas meters in industrial, commercial, and residential locations is the next step towards delivering gas to everyone.

Drivers Of the Market 

"The market will be driven by operational safety and cost savings for gas companies and customers."

The Removal of Manually Recording Monthly Readings, Continuous Pipeline Monitoring, Real-Time Data Availability, And Precision in Operation Will Boost the Adoption of Smart Gas Metering. Furthermore, The Cost Savings Generated by The One-Time Investment in Smart Meters Will Boost Market Expansion.

"The Transition to Clean Energy Will Supplement Smart Gas Meter Installations"

In recent years, the trend towards cleaner energy sources has raised demand for natural gas across a variety of end-user groups. This rising demand, combined with government encouragement to increase gas usage, has driven natural gas adoption.

competitive analysis

The research identifies the key establishes that will drive growth since demand is determined by a buyer's financial resources and the rate at which an item develops. Key companies and new entrants can gain insight into the spending reports of major market participants in this area, which will help them better appreciate the possibilities for investment in the global Smart Gas Meter market. It can be used more effectively by both established and up-and-coming players in the market to gain a thorough understanding of the sector.

Major companies in Smart Gas Meter Market are:

Landis+Gyr, Itron, Honeywell International, Apator Group, and Diehl Metering. Also, Sensus (Xylem), EDMI, Raychem RPG, CHINT, ZENNER, Master Meter, Aclara Technologies

Recent Developments:

In August 2020, Apator SA's subsidiary Apator Metrix SA and George Wilson Industries Ltd. were contracted by Flonidan A/S (Denmark) to deliver gas meters to the UK market for 2020-2025.

In June 2019, Itron received a contract from Liberty Utilities Company for OpenWay Riva, an Internet of Things (IoT) solution that includes an open, standard-based network for gas, electricity, and water. The solution helped Liberty Utilities improve operations and enhance the customer experience. Itron also provided managed services and cloud hosting services to ensure smooth implementation and operation of the network.

In November 2017, Diehl Metering collaborated with NEC Europe to integrate metering systems in its Smart City Platform (CCOC). It will be able to interact with sensors and IoT devices, thus providing the best end-to-end solution for city operation centers.

In April 2020, Landis+Gyr was contracted by Hongkong Electric Co., Ltd. (HK Electric) to offer AMI to support Hong Kong's transformation into a smart city. The contract includes the deployment of Landis+Gyr's Gridstream solution platform comprising Landis+Gyr smart meters, communications infrastructure, head-end system, and meter data management system over the next 2 years.

Smart Gas Meter Market Segmentation:

Smart Gas Meter Market By Technology, 2019-2028, (IN USD Billion)

Automated Meter Reading (AMR)

Advanced Metering Infrastructure (AMI)

Smart Gas Meter Market By Type, 2019-2028, (IN USD Billion)

Smart Ultrasonic Gas Meter

Smart Diaphragm Gas Meter

Smart Gas Meter Market By Component, 2019-2028, (IN USD Billion)

Hardware

Software

Global Market By End User, 2019-2028, (IN USD Billion)

Residential

Commercial

Industrial

Global By Region, 2019-2028, (IN USD Million)

Asia Pacific

Europe

Asia Pacific

South America

Middle East And Africa

Important countries in all regions are covered.

Our market analysts are professionals at carefully categorizing the global Smart Gas Meter market into various categories and assessing each segment's growth potential in detail. The research study begins with a comparison of the segments' consumption and growth rates throughout a nine-year assessment period. The report's segmentation study, which considers the market potential of the various categories examined, provides an excellent understanding of the global Smart Gas Meter market. Businesses can better understand their target market by segmenting it, which enables them to create marketing plans and products that are tailored to particular categories. Here are two typical methods for market segmentation: by kind and by application.

This report also splits the market by region:

The United States, Canada, and Mexico make up North America, while Germany, France, the United Kingdom, the Netherlands, Switzerland, Belgium, Russia, Italy, Spain, and Turkey make up Europe. Other countries covered in the report include China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC). Saudi Arabia, the United Arab Emirates, Israel, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) are also included.

The overall part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Some of the key data points used to estimate the market situation for specific nations are consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, and upstream and downstream value chain analysis. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands, the difficulties they encounter owing to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

Strategic Points Covered in Table of Content of Global Smart Gas Meter Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Smart Gas Meter market
Chapter 2: Exclusive Summary - the basic information of the Smart Gas Meter Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Smart Gas Meter
Chapter 4: Presenting the Smart Gas Meter Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Smart Gas Meter market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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