Smart Gas Metering Systems Market Size to Register USD 11 billion During the Period 2017 - 2024
MaketStudyReport.com adds a New Smart Gas Metering Systems Market Research Report for the period of 2017 - 2024 that shows the growth of the market is rising at 2024.Smart Gas Metering Systems Market size will exceed USD 11 billion by 2024; according to a new research report.
Rising demand for billing accuracy coupled with effective mapping of customer consumption pattern will boost the global smart gas metering systems market growth. Scarcity of available resources will exert additional pressure on the conservation measures adopted to control energy wastage.
Smart gas metering systems market size from Automated Metering Infrastructure (AMI) technology is set to exceed 30 million units by 2024. Adoption of AMI systems are low subject to high installation costs associated. Automatic Meter Reading (AMR) systems will see strong gains owing to widespread adoption of the technology for the past two decades. However, data security concerns related to consumption tracking coupled with customer unwillingness are significant challenges to growth.
Get sample Copy of this report: https://www.marketstudyreport.com/request-a-sample/467583/?utm_source=OP-SL
The above information is provided on a regional and country basis for the following:
North America: U.S, Canada.
Europe: Germany, Italy, France, UK, Sweden, Portugal
Asia Pacific:Asia Pacific, China, India, South Korea, Japan, Australia.
MEA: Saudi Arabia, South Africa, UAE, Lebanon, Egypt.
Latin America (LATAM):Mexico, Brazil, Uruguay, Argentina
Growth drivers
• Enhanced billing accuracy
• Reduction in energy consumption
• Aggregated impact on national energy consumption
• Favourable government regulations
• Operational cost optimisation
• Theft control
• Industry pitfalls & challenges
• Low rate of return
• High switching cost
• Price trend analysis
• Technology landscape and trends
• AMI
• AMR
• Consumer requirements
Smart Gas Metering Systems Market By Technology: AMI, AMR.
Smart Gas Metering Systems Market By Application: Residential, Commercial, Utility.
Smart Gas Metering Systems Market By End-Use: Diagnostics & Forensic Labs, Academic Research Institutes, Hospitals, Bio-pharmaceutical companies
Get Discount on this Report: https://www.marketstudyreport.com/check-for-discount/467583/?utm_source=PAID-SL
U.S. smart gas metering systems market size is projected to witness robust growth owing to strict regulations mandated by American Recovery and Reinvestment Act (ARRA) towards accurate billing coupled with rising adoption of meters. In 2009, ARRA in association with the Department of Energy (DOE) invested more than USD 30 billion to encourage a wide range of clean energy projects across the nation including smart grid enhancement to reduce energy costs.
Japan is a mature market as it was among the first nations in the world to adopt these systems. Tokyo Gas, one of largest gas providers in the country, has nearly 2 million subscribers and has been providing these products since 1998.
Strict regulations towards smart system deployment to accurately track gas consumption will stimulate demand. EU Directive 2009/73/EC mandates member states to educate consumers on the difference between conventional metering systems and intelligent meters. The directive also requires regulators to protect customers from increased rates owing to time-of-use pricing data and ensuring billing accuracy.
UK accounted for over 15% of the Europe smart gas metering systems market share in 2016. Favorable directives set by the Office of Gas and Electricity Markets (OFGEM) and the Department of Energy and Climate Change (DECC) will complement demand. Government of UK aims to install advanced meters in every household by 2020.
Residential smart gas metering systems market dominates the application landscape, owing to affordable gas prices and growing consumer awareness. Commercial applications are anticipated to witness strong growth during the forecast timeframe subject to rising adoption of gas as an alternative to traditional resources. Increasing demand for these products is directly linked to the developing grid infrastructure coupled with expansion of gas pipeline networks.
Notable players in the smart gas metering systems market include Itron, Siemens, Landis+GYR, Schneider Electric, Circutor, Sensus Sentec, Icsa, Iskraemeco, Holley Metering, Honeywell International, Osaki Electric, Elster Group, Neptune and Badger Meter.
Related Report:
2017 Top 5 Retail E-commerce Software Players in North America, Europe, Asia-Pacific, South America, Middle East and Africa
The Global Retail E-commerce Software market size will be XX million (USD) in 2022, from the XX million (USD) in 2016, with a CAGR (Compound Annual Growth Rate) of XX% from between 2016 and 2022.
https://www.marketstudyreport.com/reports/2017-top-5-retail-e-commerce-software-players-in-north-america-europe-asia-pacific-south-america-middle-east-and-africa/?utm_source=RR-SL
Marketstudyreport.com allows you to manage and control all corporate research purchases to consolidate billing and vendor management. You can eliminate duplicate purchases and customize your content and license management.
Market Study Report
The Green Suite #4594,
Dover, DE 19901
United States
Phone: 1-201-355-0868
US Toll Free: 1-866-764-2150
Email: sales@marketstudyreport.com
Website: https://www.marketstudyreport.com
News: https://www.marketstudyreport.com/category/news-releases/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Smart Gas Metering Systems Market Size to Register USD 11 billion During the Period 2017 - 2024 here
News-ID: 778598 • Views: …
More Releases from marketstudyreport.com
Load Bank Market Growth Prospectus by 2028 - Business Opportunities by ASCO Powe …
A concise assortment of data on the 'Load Bank Market' offers an exhaustive study targeting current market trends influencing the business across assorted regions. Significant details related to market size, market share, applications, and statistics are put together to convey an ensemble prediction of the industry. The research further focuses on comprehensive competitor analysis in addition to highlighting growth strategies embraced by market leaders.
Load Bank Market Size was estimated…
Agriculture Equipment Market is Expected to Reach USD 161640 Million by 2028 - J …
Global Agriculture Equipment Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of the market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Agriculture Equipment Market Size was estimated at USD 114110 million in 2021 and is projected to reach USD 161640 million by 2028, exhibiting a CAGR of…
Electric Vehicle Market Size to grow at a CAGR of 23.5% through 2028| Tesla Inc. …
Global Electric Vehicle Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
The electric vehicles (EVs) market is estimated to witness a robust growth rate of 23.5% during the period 2019-2028.
The operation is done to stop ligament tears and…
Fuel Cell Air Compressor Market is Expected to Reach USD 512.3 Million by 2028 - …
Global Fuel Cell Air Compressor Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market with the geographical landscape, demand, remuneration scale, and growth of this vertical have also been included in this report.
Global Fuel Cell Air Compressor Market Size was estimated at USD 215.1 million in 2021 and is projected to reach USD 512.3 million by 2028, exhibiting…
More Releases for Meter
Ultrasonic Water Meter Market Ultrasonic Water Meter Market
The proposed Ultrasonic Water Meter Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.
The Ultrasonic Water Meter Market sample report…
Water Meter Market 2021 Growing Demand, Size and Business Outlook- Ningbo Water …
MarketInsightsReports, a leading global market research firm, is pleased to announce its new report on Water Meter market, forecast for 2021-2027, covering all aspects of the market and providing up-to-date data on current trends.
The Water Meter Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and…
Smart Water Meter Market 2017- SenTec, Badger Meter, Sensus, Aquiba, Itron
Apex Research, recently published a detailed market research study focused on the "Smart Water Meter Market" across the global, regional and country level. The report provides 360° analysis of "Smart Water Meter Market" from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global Smart Water Meter industry, and estimates the future trend of Smart…
Smart Gas Meter Market Outlook 2017- Trilliant, Sensus, Billion, Wasion, Meter I …
A market study ” Global Smart Gas Meter Market ” examines the performance of the Smart Gas Meter market 2017. It encloses an in-depth Research of the Smart Gas Meter market state and the competitive landscape globally. This report analyzes the potential of Smart Gas Meter market in the present and the future prospects from various angles in detail.
The Global Smart Gas Meter Market 2017 report includes Smart Gas Meter…
Global Smart Meter Market (Electricity, Gas, Water): By Type - Smart Electricity …
MarketResearchReports.Biz adds “Global Smart Meter Market 2011 Share, Size, Trends and Forecast to 2022 Market Research Report” reports to its database. This report provides a strategic analysis of the Smart Meter market and the growth estimates for the forecasted period.
Global rise in energy demand along with the emerging trends in smart grid technologies, integration, and advanced infrastructure along with IoT (Internet of Things) has led to the growth of Smart…
Global Smart Water Meter Market 2017 - Arad Technologies, Badger Meter, Elster
The motive of this strategic research report entitled “Global Smart Water Meter Market 2017” is to provide company officials, industry investors and industry members with consequential insights to enable them make reliable strategic decisions regarding the opportunities in the global Smart Water Meter market.
Key Notes On Smart Water Meter Market:
“Global Smart Water Meter Market 2017” offers crucial insights into the global Smart Water Meter market along with the market size…