Smart Gas Meters Market Scope, Drivers, Value Analysis, Production Process, Competitive Strategies, Key Developments, Financial Review and Forecast 2021

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Global Smart Gas Meter Market – Overview

The Smart Gas Meter market size is projected to be $ 3.55 billion by 2027, showing a CAGR of 5.24% over the forecast period (2021-2027). The market was valued at $ 2.12 billion in 2020.

Smart gas meters enable its end users to control gas consumption by displaying accurate real-time data and advanced data analysis of gas consumption for each day. They automatically send the collected data to the supplier via a wireless meter reading network so that they can read the meter remotely using wireless meter reading software or a handheld device, saving users time and energy. The collected data also consists of the information on gas consumption, valve status, battery status, etc. Smart Gas Meter Market can close the valve and stop the gas supply by command to close the valve from the wireless software or the handheld device, eliminating the likelihood of possible accidents in cases such as gas leaks etc. Similarly, the command to open the valve will restart the gas supply. Due to the numerous advantages such as energy-efficient consumption control, etc., smart gas meters are increasingly replacing traditional meters and their market has recently shown significant growth.

Market Research Future recently released a study report indicating that the global smart gas meter market is estimated to grow by 2023, registering a staggering CAGR between 2017 and 2023.

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Factors driving the growth of the global Smart Gas Meter Market include; increasing government initiatives and mandates to implement smart gas meters in residential and commercial applications recently by spreading awareness of how to use these meters intelligently and efficiently. Big players like Itron, Landis + Gyr, and Sensus play a significant role in developing a significant infrastructure required to implement smart grids at the ground level.

However, there is a compatibility issue that is hindering the adoption of smart gas meters. Most smart gas meters are effectively made compatible with their suppliers, just so that these supposedly smart meters installed in households cannot be adapted to the connections of the other / competing supplier. A change of provider would mean that the meter is no longer “smart”, but instead falls into a stupid mode that does not differ from the traditional meters that are decades old. The advancement means that the technology is already underway to eliminate this problem by introducing a new centralized communication network.

Global Smart Gas Meter Market – Competitive Analysis

The global smart gas meter market appears to be very competitive and diversified as there are many established players with regional and global presence. Innovation, mergers and acquisitions, and brand reinforcement remain the top trends for leading players in the smart camera market.

Industry / Innovation / Related News:

January 16, 2018 – Landis + Gyr announced the release of Command Center 7.2, the latest version of its operating platform for the company’s Advanced Metering Infrastructure (AMI) networks. Command Center 7.2 lays the foundation for the next generation of IoT connectivity in the building to support new devices and manage peer-to-peer communication in the network. It also allows for improved integration with other utility software products.

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Global Smart Gas Meter Market – Segments

To simplify the report and make it easier to understand; The MRFR analysis was divided into 3 key dynamics;

  • By product: Includes membrane, turbine. Rotary among others.
  • According to application: residential and commercial.
  • By regions: North America, Europe, APAC, and rest of the world.

Global Smart Gas Meter Market – Regional Analysis

It is estimated that both North America and Europe have dominant shares in the smart gas meter market. The US is another important market for smart gas meters. Government mandates and tax incentives were the main drivers behind the demand for smart gas meters. In addition, the region is the center of large manufacturers, which has a positive effect on the growth of the market. In the forecast period, government policies and tax incentives were the main drivers behind the demand for smart gas meters. The European region is expected to show the fastest growth in the next half a decade. For the Asia-Pacific region, however, a significantly high growth rate is also forecast in the forecast period. Increasing investments due to government initiatives and rollouts are likely to be a key driver for the growth of the European market.

Tables of Contents

1 Summary2 Research Methodology3 Market Dynamics4 Global Smart Gas Meters Market, By Reactor Type5 Global Smart Gas Meters Market, By Strategy6 Global Smart Gas Meters Market, By Capacity7 Regional Market Analysis8 Competitive Analysis9 List of Tables10 List of Figures

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11 List of tables

TABLE 1 MARKET OVERVIEW 14

TABLE 2 LIST OF ASSUMPTIONS 17

TABLE 3 GLOBAL SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (MILLION USD) 32

TABLE 4 GLOBAL MARKET FOR SMART GAS METERS BY APPLICATION, 2020-2027 (MILLION USD) 35

TABLE 5 GLOBAL SMART GAS METERS MARKET, BY REGION, 2020-2027 (MILLION USD) 38

TABLE 6 NORTH AMERICA: SMART GAS METERS MARKET, BY COUNTRY, 2020-2027 (MILLION USD) 39

TABLE 7 NORTH AMERICA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (MILLION USD) 39

TABLE 8 NORTH AMERICA: SMART GAS METER MARKET BY APPLICATION, 2020-2027 (MILLION USD) 40

TABLE 9 USA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (MILLION USD) 41

TABLE 10 USA: SMART GAS METERS MARKET BY APPLICATION, 2020-2027 (MILLION USD) 41

Continuation…

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Tags: Smart Gas Meter Market, Smart Gas Meter Market Size, Smart Gas Meter Market Share, Smart Gas Meter Market Growth

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