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Global Smart Gas Market Expected to Reach USD 41.65 billion by 2026 | Top Players such as - ABB, Capgemini and Landis+Gyr

09-16-2023 07:37 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Global Smart Gas Market Expected to Reach USD 41.65 billion

According to the report published by Allied Market Research, The Global Smart Gas Market Expected to Reach USD 41.65 billion by 2026 | Top Players such as - ABB, Capgemini and Landis+Gyr. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market.

Rise in adoption of advanced metering infrastructure technologies, increase in need for both prescriptive & predictive analytics, and incentives & efforts from governments across the globe drive the growth of the global smart meter data management market. However, data management issues and high installation costs of smart meters hinder the market growth. On the other hand, the increase in volume of meter data creates new opportunities in the coming years.

Download Sample Report at: https://www.alliedmarketresearch.com/request-sample/6290

The global smart gas market size was valued at USD 12.66 billion in 2018, and is projected to reach USD 41.65 billion by 2026, registering a CAGR of 16.2% from 2019 to 2026.

The global smart gas market is segmented based on component, device type, end user, and region. Based on component, the market is bifurcated into solutions and services. Based on device type, the market is divided into automatic meter reading (AMI) and advanced meter infrastructure (AMI). Based on end user, the market is classified into commercial & industrial, residential. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Access the full summary at: https://www.alliedmarketresearch.com/smart-gas-market

Based on component, the software segment contributed to the largest share with more than two-thirds in 2016 and is estimated to maintain its dominant position during the forecast period. However, the services segment is expected to register the highest CAGR of 17.3% from 2017 to 2023.

Based on application, the electric segment accounted for the largest share in 2016 and is expected to maintain the largest share throughout the forecast period. However, the gas segment is estimated to portray the highest CAGR during the forecast period.

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Based on region, North America contributed the highest share in 2016, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the fastest CAGR from 2017 to 2023.

Leading market players analyzed in the research include Oracle Corporation, Trilliant Holdings, Inc., Arad Group, Itron, Elster Group GmbH, Aclara Technologies LLC, Siemens AG, ElectSolve Technology Solutions & Services Inc., Enoro, and Landis+Gyr.

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Covid-19 Scenario:

● The benefits for smart meter data management have been increased as the advanced metering infrastructure provides consumption feedback for billing systems without the need for operators to visit the places to get monthly reading.

● However, the new installation of smart meters in commercial and residential projects has been postponed due to the restrictions on the construction industry during the global lockdown.

Buy Complete Report (211 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/smart-gas-market/purchase-options

Thanks for reading this article you can also get individual chapter-wise sections or region-wise report versions like North America Europe or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR 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 in making strategic business decisions and achieving sustainable growth in their respective market domains.

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