Smart Gas Meter market forecast to 2025 insights shared in detailed report
According to a new report published by Reports Monitor titled, “Global Smart Gas Meter Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the smart gas meter market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
The smart gas meter market is expected to grow with the global construction of pipeline network in the residential segment is increasing. A smart gas meter is a kind of gas meter that can digitally send meter readings to the energy supplier for more accurate consumed energy bills. Smart meters come with in-home meter displays which gives the household real-time usage information including cost, for better understanding of energy usage. These meters use a secure national communication network to send the actual energy usage to the supplier automatically through wireless connectivity.
The key drivers behind the growth of smart gas metering are due to the increasing awareness regarding energy efficiency and consumers being able to understand the usage with more accurate bills is driving the market. The new constructions and increased gasification rates, the increase in demand for energy security and awareness in losses due to gas theft is expected to dive drive the market growth. However, the delay in standardization and compliance, and the concerning wireless signal in smart meters which may cause health effects can be considered as the key restraints in the growth of the smart gas meter market. In addition, with the increase in investments towards smart grid infrastructure couple with the expansion of pipeline network is further expected that the smart meter market will grow in coming years.
This report provides a detailed analysis of smart gas meter market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The segmentation of global smart meter market is based on the type and end user. On the basis of type the global smart meter market is segmented into automatic meter reading (ARM) and advanced metering infrastructure (AMI). However, the AMI market is expected to grow higher than AMR because of its technological advancement. On the basis of end users the global smart meter market is segmented into residential, commercial and industrial sectors.
Based on the geographical regions covered, the global isolator market is analysed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). Further, U.S is the major market for smart gas meter due to its government policy mandates. However, Asia-Pacific region is expected to have high growth rate in coming years.
The key players of global smart meter market includes Itron Inc. (U.S.), Honeywell International, Landis+Gyr (Switzerland), Apator Group (Poland), Inc. (U.S.), Diehl Metering (U.K.), Raychem RPG (India), Sensus (U.S.), EDMI Limited (Singapore), Dandong Dongfa Group Co. Ltd. (China) and Chongqing Shancheng Gas Equipment Co. Ltd. (China).
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