Smart Gas Meter Market by type(Automatic Meter Reading, Advanced Metering Infrastructure), by application(Residential, Institutional, Industrial, Defense, Healthcare, Others), by region (North America, Europe, Asia Pacific, Middle East & Africa, and South America) to be worth US$ 5.012 Bn by 2026 at the CAGR of 7.1% during 2017 and 2026.
New construction and increased gasification rates, a growing awareness regarding energy efficiency and the linking of smart gas meter rollouts to electricity meter are the key factors for growth of global smart gas meter market. The key restraints on the smart gas meter market include delays in standardization and compliance, which are vital for confirming interoperability.
Automatic Meter Reading segment dominate the global smart gas meter market
Automatic Meter Reading (AMR) segment is projected to be the largest market for smart gas meters. This metering technology that collects consumption data from the gas meters and transfers it to a central database in the utility station for billing and other purposes (one-way communication only). Common in North America and Europe, other regions have also started to implement this metering infrastructure.
The North America is the leading in the Global Smart Gas Meter Market.
North America controls the smart gas meter market, and Europe is expected to grow at the highest rate during the forecast period. In North America, the growth of the smart gas meter market attributed to factors like investments in smart grid and gas pipeline networks. Temporarily, several smart gas meter rollouts are taking place in this region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such Schneider Electric, MeteRSit, Aclara Technologies LLC, Flonidan A/S, Zenner, Xylem Inc, Landis + GYR Group AG, Wasion Group Holdings, Elster Group SE, Itron Inc, Sensus USA Inc, General Electric Company, Diehl Stiftung GmbH & Co. KG, Pietro Fiorentini, Apator SA, Yazaki Corporation, Aichi Tokei Denki, Meter Italia, AE, Zenner International Gmbh & Co KG.
Maximize Market Research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the smart gas meter market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for taking an 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 smart gas meter. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing 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 the smart gas meter market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on” Smart Gas Meter Market”.
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