Press release
Smart Gas Market Size, Share Analysis, Top Players, And Forecast To 2033
Smart Gas Market
Smart Gas Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $50.4 billion In 2028 At A CAGR Of 15.6% :
The smart gas market size has grown rapidly in recent years. It will grow from $24.47 billion in 2023 to $28.2 billion in 2024 at a compound annual growth rate (CAGR) of 15.2%. The growth in the historic period can be attributed to regulatory initiatives, infrastructure modernization, cost reduction pressures, environmental awareness, consumer demand for efficiency.
The smart gas market size is expected to see rapid growth in the next few years. It will grow to $50.4 billion in 2028 at a compound annual growth rate (CAGR) of 15.6%. The growth in the forecast period can be attributed to iot expansion, smart city initiatives, renewable energy integration, global energy transition, energy management solutions. Major trends in the forecast period include advanced metering infrastructure (ami), data analytics and artificial intelligence, cybersecurity measures, renewable gas integration, blockchain technology, smart cities initiatives.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=10164&type=smp
Smart Gas Market Major Segments
The smart gas market covered in this report is segmented -
1) By Device: Automatic Meter Reading (AMR), Advanced Meter Infrastructure (AMI)
2) By Solution: Supervisory Control And Data Acquisition (SCADA), Geographical Information System (GIS), Enterprise Asset Management, Mobile Workforce Management (MWM), Meter Data Analytics, Gas Leak Detection, Meter Data Management (MDM)
3) By Service: System Integration, Program Management, Installation
4) By End-User: Commercial And Industrial, Residential
Key Driver - Surge In Natural Gas Usage And Its Impact On The Smart Gas Market
The increased usage of natural gas is expected to propel the growth of the smart gas market going forward. Natural gas refers to a combination of hydrocarbon-rich gases and it is used in the residential and commercial sectors to heat buildings and water, run refrigeration and cooling equipment, cook, dry clothing, and provide outdoor lighting. Smart gas is used in natural gas infrastructure to derive valuable data and analytical insights from improving their decision-making process and helps in harmful gas detection, oxygen level measurement, fire hazard prevention, pipe corrosion protection, and risk management to enhance the natural gas distribution network. For instance, in November 2022, according to a report published by the US Energy Information Administration, a US-based government agency for energy, in 2021, the United States utilized approximately 30.66 trillion cubic feet (Tcf) of natural gas, the equivalent of approximately 31.73 quadrillion British thermal units (quads) and 32% of total US energy consumption. Furthermore, in 2022, industrial natural gas use will account for approximately 26% of total US natural gas consumption, whereas industrial natural gas consumption in the United States will rise by 3% in 2022 after rising by 2% in 2021 and natural gas industrial consumption exceed 23 billion cubic feet per day in 2022 as compared to its previous year. Therefore, the increased usage of natural gas is driving the growth of the smart gas market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=10164&type=smp
Prominent Trend - Innovative Smart Gas Burner Unveiled In The Smart Kitchen Tech Landscape
Technological advancements are a key trend gaining popularity in the smart gas market. Major companies operating in the smart gas market are adopting new technologies to sustain their position in the market. For instance, in July 2022, Hestan Cue, a US-based manufacturer of smart cookware products, launched Hestan Smart Gas burner, a new smart gas technology that automatically adjusted to the proper degree for precision gas cooking by temperature monitoring. It features Bluetooth technology and unique inbuilt culinary sensors that adjust the cooking temperature automatically once the AccuKnob on the hob is set to the right degree and offers a high-performance dual-flow gas system that heats in 25-degree increments from 100 to 500 degrees Fahrenheit.
Smart Gas Market Players
Major companies operating in the smart gas market report are General Electric Company, Itron Inc, Schneider Electric SE, ABB Group, Landis+Gyr Inc, Orcale Corporation, Elster Group SE, Xylem Brand, Aclara Technologies LLC, Cap Gemini S.A, Diehl Stiftung and Co.KG, Silver Spring Networks Inc, International Machines Business Corporation, Sensus USA Inc, Verizon Communications Inc., Badger Meter Inc., Consultants to Government and Industry Incorporated, Holley Technology Ltd., KROHNE Messtechnik GmbH, Senstar Corporation, OSIsoft LLC, EnerNOC Inc., Capgemini SE, Siemens AG, Suez SA, Xylem Inc., Tieto Corporation, Yokogawa Electric Corporation, International Business Machines Corporation, Azbil Corporation, Capstone Turbine Corporation, I2O Water Ltd.
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/smart-gas-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the smart gas market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global smart gas market report during the forecast period. The regions covered in the smart gas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Smart Gas Market Report Structure
3. Smart Gas Market Trends And Strategies
4. Smart Gas Market - Macro Economic Scenario
5. Smart Gas Market Size And Growth
…..
27. Smart Gas Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.
Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Gas Market Size, Share Analysis, Top Players, And Forecast To 2033 here
News-ID: 3530517 • Views: …
More Releases from The Business Research Company
In-Depth Analysis of the Dermatophytosis Treatment Market: Growth Opportunities, …
What market dynamics are playing a key role in accelerating the growth of the dermatophytosis treatment market?
The rising number of fungal infections globally is expected to contribute to the growth of the dermatophytosis treatment market. Fungal infections, exacerbated by climate change, urbanization, and increasing immunocompromised populations, are becoming more prevalent. Dermatophytosis treatment helps manage infections caused by fungi on the skin, hair, and nails. According to the WHO, over 6.5…
Leading Element Driving Change in the Dental Fluoride Treatment Market in 2025: …
How Are the key drivers contributing to the expansion of the dental fluoride treatment market?
The rise in dental disorders is expected to drive the growth of the dental fluoride treatment market. Dental disorders, affecting the teeth, gums, and mouth, are on the rise due to poor oral hygiene, high sugar intake, and limited access to dental care. Dental fluoride treatment plays a key role in maintaining oral health, preventing dental…
Online Grocery Shopping Fuels Growth In Deep Frozen Packaging Logistics Market: …
What combination of drivers is leading to accelerated growth in the deep frozen packaging logistics market?
The growth in online grocery shopping is expected to spur the deep-frozen packaging logistics market. Online grocery shopping, facilitated through websites and apps, is gaining popularity due to its convenience, broad product availability, and competitive pricing. Deep-frozen packaging logistics ensures frozen food items remain at proper temperatures during delivery, preventing spoilage and preserving quality. In…
Global Data Erasure Solutions Market to Reach $2.6 Billion by 2029, Growing at 1 …
What industry-specific factors are fueling the growth of the data erasure solutions market?
The growing concerns about data breaches are expected to drive the expansion of the data erasure solutions market. Data breaches involve unauthorized access to sensitive information, and concerns about data exposure are rising due to increased digital data, advanced cyber-attacks, and complex data security needs in remote and cloud environments. Data erasure solutions securely remove sensitive data from…
More Releases for Smart
Smart Cities Market is Expected to Witness CAGR of 17.3% by 2027 with Applicatio …
A smart city is an urban unit or area that uses various types of electronic Internet of Things (IoT) devices to collect data and then use the insights to manage resources, assets, and services effectively. Green building is a growing trend in the global smart cities market. Constructing eco-friendly infrastructure facilities can provide a sustainable environment in the cities. Moreover, governments are focused on constructing energy-efficient buildings, in order…
Global Smart Cities Market by Component (Hardware, Software) by Application (Sma …
Global Smart Cities Market: Overview
The global smart cities market is expected to reach a mark of over USD 3000 billion by 2024, at a CAGR over 21% during the forecast period. Significant growth in next-generation technologies such as artificial intelligence AI, personalized healthcare, sustainable energy generation and robotics are driving the smart cities’ future. Moreover, the increase in residential preference towards the adoption of advanced information and communication technologies ICT…
Survey Report on Smart Kitchen Appliances Market 2018: Smart Refrigerator, Smart …
The report analyzes and presents an overview on "Global Smart Kitchen Appliances Market Professional Survey Report 2018" worldwide.
This report studies Smart Kitchen Appliances in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025.
The study objectives of this report are: To study and forecast the market size of Smart…
IoT Device Management Market Analysis by Application - Smart Manufacturing, Smar …
IoT device management comprises of multiple operating systems and several varieties of communication methods and protocols targeted at conducting smooth functioning of smart devices. The service of IoT device management has become vital for the business sector in recent years due to the rising use of remote operation in a number of industries and the subsequent need to manage the operation of the devices.
The global IoT device management market is…
SMART SHIPS NEED SMART REGISTRIES
The shipping world needs to wake up and embrace the philosophy of smart shipping because it is already here and the downturn in the world economy is not going to last forever, according to Panos Kirnidis, CEO of the Palau International Ship Registry.
“The maritime industry knows that smart ships and smart technology is the way forward and yet there seems to be reluctance on the part of some owners to…
Smart Kitchen Appliances Market : Smart Refrigerators, Smart Dishwashers, Smart …
Albany, New York, July 20, 2017 : Recent research and the current scenario as well as future market potential of "Smart Kitchen Appliances Market (Products - Smart Refrigerators, Smart Dishwashers, Smart Ovens, Smart Cookware and Cooktops, Smart Scales and Thermometers and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2022" globally.
Smart kitchen appliances are premium appliances that are designed for comfortable and efficient operation as…
