Press release
Smart Gas Market Size: $ 11.25 Bn in 2017 to $ 21.75 Bn by 2022
Smart Gas Market
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Increasing global energy demand, replacement of aging infrastructure, and growing demand for customer-centric approach is expected to drive the growth of the smart gas market
The smart gas market size is expected to grow from USD 11.25 billion in 2017 to USD 21.75 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 14.1% during the period of 2017–2022. The major drivers for upsurge in demand for the smart gas market include the growing demand for customer-centric approach and increasing global energy demand leading to adoption of sophisticated technologies and integrated wireless communication features in smart gas solutions reducing field visits. The limiting factors hindering the growth of the smart gas market include the lack of strong business case for the deployment of smart gas meters limiting the investment and the high Capital Expenditure (CAPEX) on the smart gas infrastructure.
Analytics and data management solution is estimated to have the largest market share during the forecast period
Meter data analytics solution unlocks smart meter data from both Automatic Meter Reading (AMR) and Smart Gas (AMI) sources, turning them into actionable information for gas utilities. It enables the company staff to track performance and analyze trends using the information from the core gas utility applications. It helps improve customer service quality and cut costs by using Interactive Voice Response (IVR) systems, steering customers to self-service websites and varying billing cycles, so that call volumes are relatively leveled throughout the month.
Smart Gas Market Analysis, By Type
Introduction
Smart Gas Market Analysis, By Solution
Asset Management
Asset Condition Monitoring
Asset Performance Management
Analytics and Data Management
Meter Data Management
Supervisory Control and Data Acquisition
Geographic Information System
Remote Monitoring
Outage Management
Network Management
Network and Application Security
Mobile Workforce Management
Others
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Fundamentals of Table of Content:
8 Competitive Landscape
8.1 Vendor Dive Overview
8.1.1 Vanguards (Leaders)
8.1.2 Innovators
8.1.3 Dynamic
8.1.4 Emerging
8.2 Analysis of the Product Portfolio of Major Players in the Smart Gas Market
8.3 Analysis of the Business Strategy of Major Players in the Smart Gas Market
9 Company Profiles
(Overview, Financials, Products & Services, Strategy, and Developments)*
9.1 International Business Machines Corporation
9.2 CGI Group Inc.
9.3 General Electric Company
9.4 Oracle Corporation
9.5 Itron, Inc.
9.6 Schneider Electric SE
9.7 Elster Group SE
9.8 Cap Gemini SA
9.9 Landis+Gyr Inc.
9.10 ABB Group
9.11 Sensus USA Inc.
9.12 Verizon Communications, Inc.
9.13 Aclara Technologies LLC
9.14 Badger Meter, Inc.
9.15 Silver Spring Networks, Inc.
9.16 Diehl Stiftung & Co. Kg
*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.
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