Global Gas Meters Market Industry Analysis Report, Regional Outlook Market Share & Forecast, 2017 – 2024

Gas Meters Market size is witnessing a substantial growth owing to increase in demand from domestic and industrial applications. In last few years, fuel mix shifted away from coal to lower emission fuels including natural gas. Rising demand for smart equipment’s to monitor supply of fuel in energy industry will be a major driving force for global gas meters market growth in forecast period.

Movement of products from producing regions to various diverse consumers in a wide geographical area involves an extensive and elaborate transportation system. A major industrial application includes chemicals, glass, pulp and paper, metals, refining, stone, plastic and food processing.

Rising demand from manufacturing industries requires more efficient infrastructure which will lead to a surge in global gas meters market demand.
Gas meters monitor's energy consumption at various supply points and help producers to maintain accuracy in managing their customers’ billing data. Use of advanced software will aid in loading and managing a large amount of data in real time from numerous smart equipment’s and thus, there will be an increased adoption of advanced supervisory systems. Developments and construction of existing and new pipelines in countries where demand is high will propel global market growth. Lack of adequate meters in supply networks creates chokepoints and bottlenecks that raise costs and create growth constraints.

Request for table of contents of this research report @ https://www.gminsights.com/request-toc/upcoming/1453

Globally, Asia-pacific is estimated to be the fastest-growing region for gas meters market. In last few years, the demand for industrial fume and domestic consumption in developing economies including China, India, and Thailand increased substantially. Rising consumption is expected to be supplemented by substitution of oil by methane to reduce carbon footprint significantly. Growing investments in infrastructure development to fuel growth in smart cities, industrial and energy corridors will increase gas meters market. The development of pipelines framework continues in rural areas of China. Upcoming of new projects and agreements with different countries to meet the domestic demand will further propel gas meters market.

In Europe, mandatory outline of smart monitoring equipment’s is fueling immediate introduction of smart meters in the domestic market. Distributors are now recognizing the commercial benefits of a shared infrastructure for monitoring. Luxembourg is already routing a dual-fuel rollout project in domestic region and a similar concept is planned in Austria, Belgium Ireland, and Germany. Passing of European Union’s third energy package for an internal energy supply will add to growth of gas meters market size.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/1453

Middle East has over 40% of the world's proven natural reserves and consumes nearly 15% of the world's production. Demand is driven by a boom in the industrial sector led by the rapidly escalating petrochemical business using methane as a feedstock. In Middle-East, more than 50% of energy needs are dependent on natural gas. Additionally, the demand for CNG vehicles is rising in region owing to government strict regulations. In last few years, petrochemical capacity has increased over 80% and it is heavily utilized for enhanced oil recovery operations. Rise in population growth in countries such as Iraq, Iran, and Saudi Arabia where residents have more money and better access to consume product will drive the gas meters market growth.

Merchants usually compete on basis of product quality, features, functionalities, and service offerings. The gas meters market is capital-intensive and poses a stiff challenge to small players competing with international vendors. Rising adoption of new features and technologies will lead to increase in competition during the forecast time frame.

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com

This release was published on openPR.