Smart Gas Meter Market Research, market Share, Competitor Strategy, Industry Trends, Forecast to 2022

Market Scenario

The Global Smart Gas Meter Market is expected to grow at about 7% CAGR during the forecast and reach almost $3.5 billion by 2022. The smart gas meter market is expected to grow at a rapid pace primarily due to government roll-outs, and implementations of mandates & policies, in developed economies. Advantages of smart gas meters such as accurate billing, enhanced customer experience, and improved customer service are expected to be the driving factors for smart gas meters market in developing countries.

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Segments

The Smart Gas Meter Market has been categorized

  • On the basis of End Users intoResidential, Commercial, and Industrial segments.
  • On the basis of MeterType, the market has been segmented into Automatic Meter Reading and Advanced Metering Infrastructure.

 

Key Players

Key players in the Global Smart Gas Meter market include

  • Landis+Gyr (Switzerland),
  • Itron Inc. (U.S.),
  • Apator Group (Poland),
  • Honeywell International, Inc. (U.S.),
  • Diehl Metering (U.K.),
  • Raychem RPG (India),
  • Sensus (U.S.),
  • Dandong Dongfa Group Co. Ltd. (China),
  • EDMI Limited (Singapore), and
  • Chongqing Shancheng Gas Equipment Co. Ltd. (China).

Rapid growth in the end users and low differentiation in meter function requirements has shifted the market focus towards commoditization, thereby intensifying the competitive pricing rivalry between key players.

Intended Audience

  • Smart Gas Meter manufacturing companies
  • Smart Gas Meter service providers
  • Energy& Power industry Consultants and Investment bankers
  • Government as well as Independent Regulatory Authorities

 

Regional Analysis of Smart Gas Meter

Both North America and Europe are estimated to hold a dominating share within the smart gas meter market. European region is expected to have the fastest growth in next half a decade. However, Asia-Pacific region is also projected to register a considerably high growth rate during the forecast period. Increasing investments on account of government initiatives and roll-outs is expected to be a major driving factor for the growth of the European market.

 

Analysis also includes consumption. Import and export data for Regions North America, Europe, China, Japan, Southeast Asia, India.

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