Smart Gas Meter Market: Global Industry Analysis and Forecast (2021-2027), Sales Revenue, Key Trends, Market Share, Market Price, Market Size, Industry Size.

Smart Gas Meter Market size was valued at US$ 1.91 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 4.7% through 2021 to 2027, reaching nearly US$ 2.63 Bn.

Smart Gas Meter Market Overview:

An intelligent meter, sometimes known as a smart meter, is an electronic meter that can record and send data regarding electricity usage. Digitalization of distribution grids and network operations optimization; asset management of advanced metering infrastructure (AMI); and significant investments in smart grid technologies to collect and analyse data are the key factors for the smart gas meter market. Smart Gas Meter Market To know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Smart Gas Meter Market Dynamics:

The availability of network infrastructures such as 5G, 4G, radiofrequency, and other technologies aids smart meter development. Manufacturers are constantly working on advanced-level smart meters in response to the growing network infrastructure, leading to the growth of the smart gas meter market. To increase their product capabilities, market share, and profitability, the corporations are also focused on start-ups working on smart gas meter market innovations. Smart gas meters are replacing traditional meters by collecting and analysing data on a regular basis, which is one of the primary drivers driving the global smart gas meter market. The data generated by a smart gas meter can be utilised to track consumer behaviour. Periodic measurement of utility usage by smart gas meters, according to the US EIA and the European Union, can provide considerably more information about consumers, such as the use of residential appliances and housework activities. This data on utility use has a lot of commercial value, for example in marketing and advertising. Smart gas meters can potentially be used as a surveillance infrastructure. Smart gas meter data, on the other hand, is prone to cyber-attacks and data breaches. Law enforcement agencies, tax authorities, insurance providers, and other third parties may be interested in the personal energy use data supplied by smart gas meters. As a result, government authorities such as the US Environmental Protection Agency and the European Data Protection Supervisory Authorities have identified these dangers connected to personal data protection and are developing new data protection standards for smart gas meter operations. This privacy and security problem is expected to be a major hindrance to the smart gas meter market's growth.

Global Smart Gas Meter Market Segment Analysis:

Based on the Technology, the market is segmented into Automated Meter Reading (AMR), and Advanced Metering Infrastructure (AMI). Automated Meter Reading (AMR) segment is expected to hold the largest market share of xx% by 2027. The increased need for low-cost smart gas meters, as well as the necessity for automated meter reading collection without physical inspection, is driving the market for smart gas meters. Because the rising installation of smart gas meters in residential, commercial, and industrial end-users are expected to drive the market for smart gas meters, the Asia Pacific is expected to hold the highest share of the smart gas meter market, followed by Europe. Smart Gas Meter Market 1 Based on the Type, the market is segmented into Smart Ultrasonic Gas Meter, and Smart Diaphragm Gas Meter. The Smart Diaphragm Gas Meter segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The need for smart diaphragm gas meters is being driven by the growing number of residential and light commercial buildings. The smart diaphragm gas meter market is expected to be driven by the rising demand for gas in residential and commercial regions, as well as the need to offer gas supply with high reliability. Smart Gas Meter Market 2 Based on the Component, the market is segmented into Hardware and Software. The hardware segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The market is expected to be driven by the rising need for precision smart gas meter operations. Furthermore, to keep smart gas meters compact and cost-effective, manufacturers are increasingly focusing on producing hardware components with a high level of system integration and streamlined design. Based on the End User, the market is segmented into Residential, Commercial, and Industrial. The residential end-user segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. Due to the increasing trend of switching from fossil fuels to gas for domestic purposes, the residential segment dominates the smart gas meter market. In recent years, gas metres have become more common in the residential sector.

Global Smart Gas Meter Market Regional Insights:

The Asia Pacific dominates the Global Smart Gas Meter market during the forecast period 2021-2027. The Asia Pacific is expected to hold the largest market shares of xx% by 2027. The countries that make up the region include China, Japan, Malaysia, Australia, and the rest of Asia Pacific. The largest and fastest-growing economy in the region is China. The United States now leads the world in new investments in smart grid technology. China has succeeded to become the greatest consumer of smart grid technology as a result of the rapid change occurring in the country's energy environment. China's commitment to energy conservation is driving up demand for smart gas meters in the global market, boosting the necessity for smart grid technologies. North America and Europe are expected to grow rapidly at a CAGR of xx% and xx% during the forecast period 2021-2027. The smart gas market in North America is expected to grow significantly during the forecast period due to huge impending ventures. Smart gas meters are being widely deployed in developed regions like Europe and North America, which is boosting demand growth. The objective of the report is to present a comprehensive analysis of the Global Smart Gas Meter Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Global Smart Gas Meter Market dynamic, structure by analyzing the market segments and project the Global Smart Gas Meter Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Smart Gas Meter Market make the report investor’s guide.

Global Smart Gas Meter Market Scope: Inquire before buying

Smart Gas Meter Market 4

Global Smart Gas Meter Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Smart Gas Meter Market Key Players

• Apator SA • ABB • GE • Siemens • Landis+Gyr • Honeywell International Inc. • Kamstrup • Itron, Inc. • Xylem Inc. • Aclara • Secure Meter Limited • Holley Technology Ltd. • Jabil • Xemex • EDMI Limited • EMH metering GmbH & Co KG • Others

Frequently Asked Questions:

1] What segments are covered in Global Smart Gas Meter Market report? Ans. The segments covered in Global Smart Gas Meter Market report are based on Technology, Type, Component, and End User. 2] Which region is expected to hold the highest share in the Global Smart Gas Meter Market? Ans. Asia Pacific is expected to hold the highest share in the Global Smart Gas Meter Market. 3] Who are the top key players in the Global Smart Gas Meter Market? Ans. Apator SA, ABB, GE, Siemens, and Landis+Gyr are the top key players in the Global Smart Gas Meter Market. 4] Which segment holds the largest market share in the Global Smart Gas Meter market by 2027? Ans. Automated Meter Reading (AMR) segment holds the largest market share in the Global Smart Gas Meter market by 2027. 5] What is the market size of the Global Smart Gas Meter market by 2027? Ans. The market size of the Global Smart Gas Meter market is US $2.63 Bn. by 2027. 6] What was the market size of the Global Smart Gas Meter market in 2020? Ans. The market size of the Global Smart Gas Meter market was worth US $1.91 Bn. in 2020
1. Global Smart Gas Meter Market: Research Methodology 2. Global Smart Gas Meter Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Smart Gas Meter Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Smart Gas Meter Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Smart Gas Meter Market Segmentation 4.1 Global Smart Gas Meter Market, by Technology (2020-2027) • Automated Meter Reading (AMR) • Advanced Metering Infrastructure (AMI) 4.2 Global Smart Gas Meter Market, by Type (2020-2027) • Smart Ultrasonic Gas Meter • Smart Diaphragm Gas Meter 4.3 Global Smart Gas Meter Market, by Component (2020-2027) • Hardware • Software 4.4 Global Smart Gas Meter Market, by End User (2020-2027) • Residential • Commercial • Industrial 5. North America Global Smart Gas Meter Market (2020-2027) 5.1 Global Smart Gas Meter Market, by Technology (2020-2027) • Automated Meter Reading (AMR) • Advanced Metering Infrastructure (AMI) 5.2 Global Smart Gas Meter Market, by Type (2020-2027) • Smart Ultrasonic Gas Meter • Smart Diaphragm Gas Meter 5.3 Global Smart Gas Meter Market, by Component (2020-2027) • Hardware • Software 5.4 Global Smart Gas Meter Market, by End User (2020-2027) • Residential • Commercial • Industrial 5.5 North America Global Smart Gas Meter Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Global Smart Gas Meter Market (2020-2027) 6.1. Asia Pacific Global Smart Gas Meter Market, by Technology (2020-2027) 6.2. Asia Pacific Global Smart Gas Meter Market, by Type (2020-2027) 6.3. Asia Pacific Global Smart Gas Meter Market, by Component (2020-2027) 6.4. Asia Pacific Global Smart Gas Meter Market, by End User (2020-2027) 6.5. Asia Pacific Global Smart Gas Meter Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Global Smart Gas Meter Market (2020-2027) 7.1 Middle East and Africa Global Smart Gas Meter Market, by Technology (2020-2027) 7.2. Middle East and Africa Global Smart Gas Meter Market, by Type (2020-2027) 7.3. Middle East and Africa Global Smart Gas Meter Market, by Component (2020-2027) 7.4. Middle East and Africa Global Smart Gas Meter Market, by End User (2020-2027) 7.5. Middle East and Africa Global Smart Gas Meter Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Global Smart Gas Meter Market (2020-2027) 8.1. Latin America Global Smart Gas Meter Market, by Technology (2020-2027) 8.2. Latin America Global Smart Gas Meter Market, by Type (2020-2027) 8.3. Latin America Global Smart Gas Meter Market, by Component (2020-2027) 8.4. Latin America Global Smart Gas Meter Market, by End User (2020-2027) 8.5. Latin America Global Smart Gas Meter Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Global Smart Gas Meter Market (2020-2027) 9.1. European Global Smart Gas Meter Market, by Technology (2020-2027) 9.2. European Global Smart Gas Meter Market, by Type (2020-2027) 9.3. European Global Smart Gas Meter Market, by Component (2020-2027) 9.4. European Global Smart Gas Meter Market, by End User (2020-2027) 9.5. European Global Smart Gas Meter Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Apator SA 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. ABB 10.3. GE 10.4. Siemens 10.5. Landis+Gyr 10.6. Honeywell International Inc. 10.7. Kamstrup 10.8. Itron, Inc. 10.9. Xylem Inc. 10.10. Aclara 10.11. Secure Meter Limited 10.12. Holley Technology Ltd. 10.13. Jabil 10.14. Xemex 10.15. EDMI Limited 10.16. EMH metering GmbH & Co KG 10.17. Others

About This Report

Report ID 28699
Category Electronics
Published Date April 2019
Updated Date Nov 2021
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