Tag Archives: gas meter market

****** Gas Meter Market to Surpass $ 4.2 Billion by 2022: Opportunities and Challenges Revealed by TechSci Research

The report****** Gas Meter Market Research Report By Type, By Application and By Region, Competition Forecast and Opportunities, 2012–2022”, predicts that the ****** gas meter market is projected to reach $ 4.2 billion by 2022, on account of expanding city gas distribution (CGD) network, rising LPG consumption and growing initiative taken by various governments to fuel adoption of natural gas as a primary fuel for residential, commercial, and industrial sectors. Increasing investments in oil & gas downstream projects, increasing demand for natural gas by various end use industries, rising environmental concerns, expanding pipeline infrastructure and pipeline grid, ageing of pipeline infrastructure, rising preference towards smart gas meters over basic gas meters are among the major factors anticipated to boost growth in ****** gas meter market in the coming years. Natural gas consumption across the globe increased at a CAGR of 1.62% during 2011-2015, with the volume consumption increasing from 3201.4 BCM in 2010 to 3468.6 BCM in 2015. Moreover, ****** pipeline infrastructure witnessed significant growth over the last decade, especially in North America, followed by Middle East, owing to increasing oil & gas production.