Global Gas Meters Market is segmented by Technology (Light Emitting Diodes and Organic Light Emitting Diodes), by Application (Residential, Commercial, Industrial), by Type (Diaphragm Meters, Rotary Meters, Turbine Meters and Ultrasonic Flow Meters)and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).Global Industry Analysis and Forecast 2018-2026. Global Gas Meters Market was valued US$ 1.7 Bn in 2017 and is anticipated to reach US$ 3.2 Bn by 2026 at a CAGR of about 7.25 % during a forecast.
Gas meter attribute many opportunities in the global market such as investments in the energy sector witnessing a steady increment. Encouraging the deployment of these meters in the industrial, commercial, and residential sector boost the market growth during the forecasting period. Also Increasing development of gas pipeline projects is expected to drive gas meters market growth during the forecast period. Countries such as India and China demonstrated by a shift toward gas from traditional sources of energy, that is likely to translate into new projects, thereby offering a boost to the gas meters market.
Smart gas meters of gas meters segment is expected to grow at high CAGR.
Smart gas meters provide precise consumption percentage or volume of gas, thereby offering benefits such as leakage check, easy disbursed gas measurement, and computation of bills to both the gas disbursing authority and the consumer. Thus meters allow the end users to plan their gas consumption, monitor expenditure and adhere to energy targets.
North America is expected to grow at high CAGR in a forecast period.
In worldwide market for gas meters market expected to continue holding the largest market share in the coming years. Majorly gas meter is demand in residential as well as industrial sector by the consumers. Thus North America is expected to have highest CAGR during the forecasting period and further followed by Asia Pacific.
This report includes a study of Marketing and development strategies, along with the technology portfolios of leading companies. It includes the profiles of leading manufacturers such as ABB Ltd., Elster Group GmbH, Endress+Hauser AG, Landis+Gyr AG, Emerson Electric Co., GE Energy Management Inc., Itron Inc., Siemens AG, Badger Meter Inc., Schneider Electric SE, Apator Group , Diehl Metering, Honeywell International, Inc. , and Sensus the key players involved in the Gas Meters Market.
Maximize Market research, a global Market research firm with dedicated team of specialists and data has carried out extensive research about the global gas meters market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the Market dynamics, and future opportunities that might exist in the global gas meters market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global gas meters market positioning of competitors.
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