Gas Meters Market – Positive Long Term Growth Outlook 2024

Global Gas Meters Market: Overview

The global gas meters market report by Transparency Market Research provides in-depth analysis of the gas meters market globally. The report segments the market on the basis of product type, application, and geography. The report analyzes the global gas meters market in terms of both gas meters annual sales volume (Units) and revenue (US$ Mn) for the year between 2016 and 2024. For this research study, the base year is 2015, whereas the forecast is from 2016 to 2024.

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The report provides a comprehensive competitive landscape and features companies manufacturing gas meters. This report includes the key dynamics affecting the gas meters market globally. The analysis in the report provides detailed insights of the global gas meters market. The drivers, opportunities, and restraints of the market were analyzed in detail and are illustrated in the report. The report also provides a detailed industry analysis of the global Gas Meters with the help of the Porter’s Five Forces Analysis model.

Gas Meters Market: Segmentation Analysis

The research report is segmented into product type and application. Product type segment is further segmented into diaphragm gas meter, rotary gas meter, turbine gas meter, ultrasonic gas meter, and others. Application segment is further segmented into residential, commercial, and industrial. The global gas meters market has been segmented geographically into five regions and further into sub-segmented 14 unique country sub-segments. The regional segments are North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The 14 countries which have been separately addressed in this report are the U.S., Canada, the U.K., Germany, France, Russia, China, India, Japan, ASEAN, GCC, South Africa, Brazil, and Mexico.

On the basis of product type, diaphragm gas meters are the most widely used type of gas meters. Diaphragm gas meters hold around 70% market share of the global gas meters type segment. Rotary and turbine gas meters are also installed in large numbers. Turbine and ultrasonic gas meters are being installed at a very high rate across the globe. Other gas meters types include orifice gas meters and coriolis gas meters. These types of gas meters hold less than 10% market share of the global gas meters market.

On the basis of application, Residential application includes gas connections of individual houses, gas connections of buildings, and gas connections of individual flats in buildings. Commercial application includes gas connections of hotels, gas connections of restaurants, gas connections of malls, gas connections of shops, and other commercial facilities with gas connections. Industrial application includes power generation facilities with gas connections, manufacturing plants with gas connections, chemical plants with gas connections, and other industrial facilities with gas connections. Residential application dominated the global gas meters market with around 70% market share. Increasing residential gas connections are expected to boost the sales of gas meters for residential application during the forecast period.

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Asia Pacific dominated the global gas meters market in terms of gas meters sales volume and revenue, in 2015. China, India, Japan, Australia, and ASEAN countries are some of the major countries in the Asia Pacific gas meters market. Increasing industrialization in the region have augmented the sales of gas meters. Increasing consumption of natural gas in the region has also boosted the sales of gas meters in Asia Pacific.