Press release
Growth Projections and Trends in Rotary Gas Meter Market: Drivers and Key Players Unveiled
Rotary Gas Meter Market Size
What Is The Projected Market Size Of The Global Rotary Gas Meter Market And Its Growth Rate?
The rotary gas meter market is poised to witness significant growth:
• The market will grow from $1.07 billion in 2024 to $1.13 billion in 2025 at a CAGR of 4.8% supported by factors such as industrial revolution impact, urbanization and gas utility expansion, and regulatory standards.
• Expect more growth in the next years with the market expected to amass $1.4 billion in 2029 at a CAGR of 5.6% driven by factors such as rise in industrial usage, demand for energy efficiency, and smart metering integration.
What Is Driving The Growth In The Rotary Gas Meter Market?
The latest data suggests that the increasing demand for natural gas is a key driver for the rotary gas meter market. Measuring the quantity and flow ranges of natural gas specifically utilizes rotary gas meters, and the rise in gas consumption bolsters the market growth. For example, a near-record average consumption of 88.5 billion cubic feet of natural gas per day was reported in the USA in 2022, an increase of 5 percent from the previous year. Given the projection of the natural gas demand to surge by 350 billion cubic meters between 2020 and 2024, the market is only expected to grow further.
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Who Are the Key Players Driving Rotary Gas Meter Market Growth?
Key players in the market include:
• Honeywell International Inc.
• Flow Meter Group BV
• General Electric Company
• Tormene Group SPA
• Pietro Fiorentini SPA
• Dresser Utility Solutions
• Vemm tec Messtechnik GmbH
What Are The Key Trends In The Rotary Gas Meter Market?
Major trends propelling the market forward include:
• Digitization and connectivity
• Energy management solutions
• Integration of IoT and smart infrastructure
• Sustainability and conservation
• User-friendly interfaces
What Are The Segments Of The Global Rotary Gas Meter Market?
The rotary gas meter market comprises the following segments:
• By Type: Displacement Type, High Pressure Type, Other Types
• By Technology: Standard Gas Meters, Smart Gas Meters
• By Application: Natural Gas Industry, Industrial Gas Industry, Other Applications
Which Region Leads The Rotary Gas Meter Market?
Asia-Pacific held the largest market share for rotary gas meters in 2024, followed by Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Rotary Gas Meter Market Global Market Report?
- Market Size Analysis: Analyze the Rotary Gas Meter Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Rotary Gas Meter Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Rotary Gas Meter Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Rotary Gas Meter Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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