Smart gas meter is referred to as the advanced meter that can send readings digitally to the gas supplier for accurate billings. The conventional maters for gas are being replaced with new digital smart meters in every industry. Global smart meter market is influenced by government initiative for smart solutions in gas supply. In addition, increasing demand for the smart gas meter in place of conventional meters further supports the growth of the market. Moreover, providing theft and safeguard utility coupled with accurate billing and enhanced customer service is propelling the growth of the market. However, concerns related to the cybersecurity and health issues are the factors that are hindering the global smart gas meter market growth.
The global smart gas meter market is segmented on the basis of type and application. Based on the type, the global smart gas meter market is further segregated into advanced metering infrastructure (AMI), automated meter reading (AMR). The AMR segment is projected to have a significant market share due to its wide application coupled with cost-effectiveness. The AMI segment is estimated to have significant market growth owing to the rising demand for AMI smart gas meter coupled with advanced technological specifications. On the basis of application, the global smart gas meter market is segmented into residential, industrial and commercial. The residential segment is estimated to have significant growth in the global smart gas meter market due to the rising installation of the smart gas meter for household applications.
Moreover, the global smart gas meter market is further analyzed on the basis of geography that includes North America, Europe, Asia-Pacific and Rest of the World. North America is estimated to have a significant market share in the global smart gas meter market due to investment for gas pipeline and smart grid systems. Moreover, rising demand for a smart gas meter in industrial and residential application further augments its growth in the North American region. Europe has considerable market growth in the global smart gas meter market due to advancement in the smart gas meter technology and increasing initiatives of smart cities that propels the conversion of a conventional meter into the smart gas meter.
Some of the players that contribute to the growth of the global smart gas meter market include Aclara Technologies LLC, Apator SA., Badger Meter, Inc., Landi+Gyr, Eaton Corp, Diehl Stiftung & Co. KG, EDMI Ltd., Elster Group (Honeywell International Inc.), Itron Inc., Suntront Tech Co., Ltd., Flonidan A/S, and others. These market players are contributing to the market by adopting various market approaches such as product launch & approvals, merger & acquisition, partnerships collaborations, and others for gaining a strong position in the market. For instance, in May 2018, Flonidan A/S got the Commercial Product Assurance (CPA) certification for its UniFlo SMETS2 smart gas meters. With this certification, the company is able to provide a dual-energy solution to different utilities in UK, that further contribute to the growth in the company’s revenue in the smart gas market.
Research Methodology:
The market study of the global smart gas meter market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market
- Whitepapers, research-papers, and news blogs
- Company websites and their product catalog
The report is intended for smart gas meter manufacturers, suppliers, distributors, and others provide sector for overall market analysis and competitive analysis. The report provides an in-depth analysis of the market size and growth opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.
Market Segmentation:
- Global Smart gas meter Market Research and Analysis, By Type
- Global Smart gas meter Market Research and Analysis, By Application
The Report covers:
- Comprehensive research methodology of the global smart gas meter market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global smart gas meter market.
- Insights about market determinants which are stimulating the global smart gas meter market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
