Press release
Smart Gas Meter Market to Hit USD 12.18 Bn by 2030 at a CAGR of 9.87 percent: Competitive Landscape, Industry Analysis, Segmentation and Regional Insights by Maximize Market Research
Smart Gas Meter Market
A global Electronics business-consulting firm, Maximize Market Research, has published a market intelligence and competitive landscape report on the "Smart Gas Meter Market". The report is a combination of primary data and secondary data and domain experts have analysed the Smart Gas Meter Market from a local, regional and global point of view. Over the forecast period, Maximize Market Research expects the Smart Gas Meter market to grow from USD 6.3 Bn in 2023 to USD 12.18 Bn in 2030 at a CAGR of 9.87 percent.
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Smart Gas Meter Market Report Scope and Research Methodology
Market Size in 2023: USD 6.3 Billion
Market Size in 2030: USD 12.18 Billion
CAGR: 9.87 Percent
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 286
No. of Tables: 134
No. of Charts and Figures: 181
Segment Covered: By Type, By Technology, By Component, By Application.
Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market
Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends,
Competitive Landscape, Key Players Benchmarking, Competitive Analysis, SMR Competition
Matrix, Competitive Leadership Mapping, Global Key Players' Market Ranking Analysis.
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Smart Gas Meter Market Report Scope and Research Methodology
In order to comprehensively study the Smart Gas Meter market, a research methodology is carried out by defining the scope of the market, including its segments, applications, and geographical regions. Secondary research involves collecting existing information through industry reports, market research literature, and regulatory bodies to grasp the force in the market and historic movement. Primary research includes interviewing and surveying industry experts and major stakeholders to validate and bring more insights into findings from secondary sources with regards to the market dynamics, emerging trends, and consumer preferences. The interpretation and analysis of data are done using statistical tools so that meaningful insights on market trends, segmentation, and the competitive landscape are extracted. Regulatory analysis covers the impact of policies and sustainability standards on the market, and trend analysis will identify emerging trends and innovations that shape the industry. This research methodology gives strategic recommendations based on comprehensive insight into the market dynamics, opportunities, and challenges regarding the Smart Gas Meter Market.
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Smart Gas Meter Market Overview
Smart gas meters provide a clear readout of the quantity of energy consumed, eliminating unexplained usage and the calculation of monthly bills. Such benefits provided by smart gas meters are projected to bode well for the market, encouraging smart gas metering market trends throughout the forecast period. The UN climate objective and related energy efficiency measures are driving high demand. Smart gas meters aid in lowering the fuel usage of gas heating systems, thereby influencing the development of a fully automated grid. Such factors are expected to increase the global deployment of smart gas meters market.
Smart Gas Meter Market Dynamics
Technological Advancements in Smart Metering Systems drives the market of smart meter. Smart gas meters are now equipped with advanced communication technologies such as IoT (Internet of Things), LPWAN (Low Power Wide Area Network), and NB-IoT (Narrowband IoT), which enable real-time data transmission and analytics. These technologies facilitate accurate and timely monitoring of gas consumption, helping utility companies optimize their operations and reduce energy losses. integration of AI and machine learning algorithms into smart meters allows for predictive maintenance and enhanced decision-making capabilities.
These technological innovations not only improve the efficiency and reliability of gas supply but also enhance the overall user experience by providing consumers with detailed insights into their energy usage patterns. Along with the technological advancement as mentioned above following factors are also helps to drive the market. They are, Growing use of Smart Gas Metering Networks in the Residential and Commercial Industries, Government regulations and incentives for energy efficiency and Increased Demand for Smart Gas Meters in the Oil and Gas Industry Ultrasonic Transducer along with Ultrasonic Gas Flow Sensor Module to Complete Smart Gas Meters
𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/global-smart-gas-meter-market/28699/
Smart Gas Meter Market Regional analysis
The Europe smart gas meter market is expected to grow significantly as a result of the creation of numerous metering programs and the ongoing replacement of old devices with intelligent IoT-based metering solutions. Strict government mandates by the EU government to deliver smart metering systems to about 80% of end-users will drive market growth. Likewise, numerous governments have enacted security mandates and directives to ensure the encryption of sensitive customer data, which is expected to boost the sales of smart gas meters.
Thanks to a rising number of government programmes for the simultaneous implementation of energy metres, mostly backed by altering infrastructure, the United Kingdom accounts for a large market share. The UK government has launched the Smart Metering Implementation Program, with the goal of replacing over 53 million conventional energy and gas meters in over 30 million residential premises by 2020. Asia Pacific is expected to hold a significant market share during the forecast period.
Additionally, the Hazira basin, Mumbai offshore, KG basin, and the North East Region are among the western and southeastern regions of India where domestic gas is sourced from oil and gas sources (Assam and Tripura). There are now 29 natural gas fields in countries such as Bangladesh. On the other hand, the Smart Gas Meter Market in North America is expected to grow significantly as more infrastructures are replaced with new smart gas technology. The United States has dominated the market in this region, followed by Canada.
Smart Gas Meter Market Segmentation
By Type:
• Smart Ultrasonic
• Smart Diaphragm
By Technology:
• Automatic Meter Reading (AMR)
• Advanced Metering Infrastructure (AMI)
By component:
• Hardware
• Software
By Application:
• Commercial
• Industrial
• Residential
Smart Gas Meter Market's Key Players include
• Itron, Inc. (USA)
• Xylem Inc. (USA)
• Aclara (USA)
• Honeywell International Inc. (USA)
• GE (General Electric) (USA)
• Jabil (USA)
• Silicon Laboratories (USA)
• Genus (USA) Europe
• Apator SA (Poland)
• ABB (Switzerland)
• Landis+Gyr (Switzerland)
• Kamstrup (Denmark)
• EMH metering GmbH & Co KG (Germany)
• Cavagna Group S.p.A (Italy)
• Flonidan A/S (Denmark)
• Pietro Fiorentini S.p.a. (Italy)
Key questions answered in the Smart Gas Meter Market are
• What is the growth rate of the Global Smart Gas Meter Market?
• Which region is expected to dominate the Global Smart Gas Meter Market?
• What is the expected Global Smart Gas Meter Market size by 2030?
• Which are the top players in the Global Smart Gas Meter Market?
• What are the factors driving the Global Smart Gas Meter Market growth?
• Which country held the largest Global Smart Gas Meter Market share in 2023?
Key offerings
• Past Market Size and Competitive Landscape (2018 to 2023)
• Past Pricing and price curve by region (2018 to 2023)
• Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Recommendations
Maximize Market Research is leading Electronics research firm, has also published the following reports:
Data Center Switch Market - Market is expected to reach US$ 22.18 Bn. by 2030, at a CAGR of 5.2% during the forecast period.
Transparent Display Market- Market size was valued at US$ 2.05 Bn. in 2022 and the total Transparent Display revenue is expected to grow by 25.6% from 2023 to 2029, reaching nearly US$ 10.15 Bn.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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