Gas Meters Market - Industry Analysis, Size, Forecast : 2024

Global Gas Meters Market: Overview

The global gas meters market report by Transparency Market Research provides in-depth analysis of the gas meters market globally. The report segments the market on the basis of product type, application, and geography. The report analyzes the global gas meters market in terms of both gas meters annual sales volume (Units) and revenue (US$ Mn) for the year between 2016 and 2024. For this research study, the base year is 2015, whereas the forecast is from 2016 to 2024.

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The report provides a comprehensive competitive landscape and features companies manufacturing gas meters. This report includes the key dynamics affecting the gas meters market globally. The analysis in the report provides detailed insights of the global gas meters market. The drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report. The report also provides a detailed industry analysis of the global Gas Meters with the help of the Porter’s Five Forces Analysis model.

Gas Meters Market: Segmentation Analysis

The research report is segmented into product type and application. Product type segment is further segmented into diaphragm gas meter, rotary gas meter, turbine gas meter, ultrasonic gas meter, and others. Application segment is further segmented into residential, commercial, and industrial. The global gas meters market has been segmented geographically into five regions and further into sub-segmented 14 unique country sub-segments. The regional segments are North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The 14 countries which have been separately addressed in this report are the U.S., Canada, the U.K., Germany, France, Russia, China, India, Japan, ASEAN, GCC, South Africa, Brazil, and Mexico.

On the basis of product type, diaphragm gas meters are the most widely used type of gas meters. Diaphragm gas meters hold around 70% market share of the global gas meters type segment. Rotary and turbine gas meters are also installed in large numbers. Turbine and ultrasonic gas meters are being installed at a very high rate across the globe. Other gas meters types include orifice gas meters and coriolis gas meters. These types of gas meters hold less than 10% market share of the global gas meters market.

Increasing Industrialization to Boost Asia Pacific Gas Meters Market

The report also presents a regional analysis of the worldwide market for gas meters. As per the report, Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa are the prime regional markets for gas meters across the world. Among these, Asia Pacific has acquired the leading position in the overall market and is expected to remain dominant throughout the forecast period, thanks to the increasing industrialization in this region. China, Japan, Australia, India, and the ASEAN countries have surfaced as the leading domestic markets for gas meters in Asia Pacific. The rising consumption of natural gas in Asia Pacific is projected to propel this regional market substantially in the years to come.

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Europe is also expected to witness healthy growth in the demand for gas meters over the next few years on account of the rising enforcement of stringent regulations regarding the usage of smart meters and the increasing uptake of natural gas as primary fuel. The U.K., France, Germany, Italy, and Russia are expected to lead the Europe market for gas meters, states the report.

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This release was published on openPR.