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Surge In Natural Gas Usage And Its Impact On The Smart Gas Market: A Key Driver Powering Smart Gas Market Growth In 2025
Smart Gas
What Is the Current Smart Gas Market Size and Its Estimated Growth Rate?
The Smart Gas Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Current Smart Gas Market Size and Its Estimated Growth Rate?
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How Are Emerging Segments Shaping the Smart Gas Market Landscape?
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
Subsegments:
1) By Automatic Meter Reading (AMR): Mobile AMR Systems, Fixed Network AMR Systems
2) By Advanced Meter Infrastructure (AMI): Smart Gas Meters, Communication Networks, Data Management Software, Analytics And Reporting Tools
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Which Growth Factors Are Influencing Smart Gas Market Expansion?
The surge in natural gas utilization is anticipated to boost the smart gas market's expansion in the future. Natural gas, a mix of hydrocarbon-rich gases, is employed in the commercial and residential sectors for heating buildings and water, powering refrigeration and cooling systems, cooking, drying clothes, and delivering outdoor illumination. Smart gas takes advantage of the natural gas infrastructure to extract valuable data and analytical insights, which aids in improving their decision-making process and is beneficial in the detection of harmful gases, oxygen level monitoring, prevention of fire hazards, protection against pipe corrosion, and risk management, thereby augmenting the natural gas distribution network. To illustrate, the US Energy Information Administration, a US government energy agency, reported in November 2022 that the US consumed around 30.66 trillion cubic feet (Tcf) of natural gas in 2021, which is equivalent to roughly 31.73 quadrillion British thermal units (quads) and accounted for 32% of total US energy consumption. Moreover, in 2022, industrial natural gas consumption constitutes approximately 26% of total US natural gas consumption, predicting that industrial natural gas usage in the US would rise by 3% in 2022, following a 2% increase in 2021, and natural gas industrial consumption is expected to surpass 23 billion cubic feet per day in 2022 compared to the previous year. Hence, the escalating use of natural gas is fueling the growth of the smart gas market.
Who Are the Dominant Players Across Different Smart Gas Market Segments?
Major companies operating in the smart gas market include General Electric Company, Itron Inc, Schneider Electric SE, ABB Group, Landis+Gyr Inc, Oracle Corporation, Elster Group SE, Xylem Brand, Aclara Technologies LLC, Cap Gemini S.A, Diehl Stiftung and Co.KG, Silver Spring Networks Inc, Sensus USA Inc, Verizon Communications Inc., Badger Meter Inc., Consultants to Government and Industry Incorporated, Holley Technology Ltd., KROHNE Messtechnik GmbH, OSIsoft LLC, Capgemini SE, Siemens AG, Suez SA, Xylem Inc., Tieto Corporation, Yokogawa Electric Corporation, International Business Machines Corporation, Azbil Corporation, I2O Water Ltd.
What Are the Latest Developing Trends in the Smart Gas Market?
The inception of innovative technology is a significant trend on the rise in the smart gas industry. Prominent businesses in this sector are integrating new technology to maintain their market standing. For instance, Hestan Cue, a company based in the United States specializing in smart cooking appliances, unveiled their Hestan Smart Gas burner in July 2022. This cutting-edge smart gas technology automatically adjusts for precision in gas cooking, thanks to temperature monitoring. The device boasts Bluetooth connectivity and purpose-built culinary sensors that automatically regulate cooking temperature once the AccuKnob on the stove is correctly set. Additionally, it operates on a high-efficiency dual-flow gas system that can heat in increments of 25 degrees, ranging from 100 to 500 degrees Fahrenheit.
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Which Geographic Regions Are Expected to Dominate the Smart Gas Market in the Coming Years?
North America was the largest region in the smart gas market in 2024.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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Smart Gas Market?
2. What is the CAGR expected in the Smart Gas Market?
3. What Are the Key Innovations Transforming the Smart Gas Industry?
4. Which Region Is Leading the Smart Gas Market?
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