Press release
Smart Gas Meter Market Research 2018 Top Market Players : Landis+Gyr, Itron Inc., Apator Group, Honeywell International, Inc., Diehl Metering, Raychem RPG, Sensus
Smart Gas Meters Market
The Global Smart Gas Meters Market is estimated to be a lucrative market within the upstream oil & gas industry. It Advantages of smart gas meters such as accurate billing, enhanced customer experience, and improved customer service are expected to be the driving factors for smart gas meters market in developing countries.
Significant increase in government roll out of smart gas meters in households and commercial application (relatively controlled) in recent times to spread awareness regarding smart and efficient usage and production of energy has been a key growth factor for the smart gas meter market. EU alone has made big strides in the government roll outs with 1.5 million smart gas meter already installed in households. United States and Asia-Pacific are other prominent regions with immense scope of development in smart gas meters market with government mandates playing a significant role. Major players such as Elster, GE Energy, Itron, Landis+Gyr, and Sensus are playing a significant role in the development of significant infrastructure required for the implementation of smart grids at ground level.
According to a recent study report published by the Market Research Future, The global market of Smart Gas Meters is booming and expected to gain prominence over the forecast period. The global Smart Gas Meters market is forecasted to demonstrate an exponential growth by 2023, surpassing its previous growth records in terms of value with a whooping, CAGR of 5.37% during the estimated period (2016 – 2023).
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Prominent Players
Landis+Gyr (Switzerland), Itron Inc. (U.S.), Apator Group (Poland), Honeywell International, Inc. (U.S.), Diehl Metering (U.K.), Raychem RPG (Taiwan), Sensus (U.S.), Dandong Dongfa Group Co. Ltd. (China), EDMI Limited (Singapore), and Chongqing Shancheng Gas Equipment Co. Ltd. (China) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Smart Gas Meters Market.
Industry News/ Latest Industry Updates:
In October 2017, Landis+Gyr, global provider of energy management solutions, announced the introduction of the next generation of smart meters for electricity and gas in the UK. The first of the new model UK smart meters is now installed and live in a British Gas customer's home.
In September 2017, Honeywell announced that it is providing Honeywell smart meters, software and communication networks that will enable two municipal utilities to upgrade from a traditional grid to smart grid infrastructure, allowing them to deliver enhanced reliability and service to their customers.
In October 2016, Honeywell announced that it has been awarded the contracts for two smart grid projects in Mexico by the country’s federal electrical company. Smart Energy division is responsible for delivering gas and electricity meters, as well as providing data analytic solutions.
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Residential held the major share within the Global Artificial Lift Market
Smart meters are the next generation of gas and electricity meters and offer a range of intelligent functions. Most of the smart meters that are being installed today use mobile phone-type signals to send meter readings to your supplier, and other wireless technologies to send information to the in-home display. Residential application has dominated the smart gas meter market mainly due to the government mandates and increasing awareness among individuals regarding the advantages of smart gas meters
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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