IMARC Group’s latest research report, titled "Smart Gas Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.The global smart gas meter market size reached a value of US$ 1.83 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.8 Billion by 2027, exhibiting a CAGR of 7.20% during 2022-2027. Smart gas meter refers to a digitized network that provides electronic gas consumption measurements. It is commonly used as automatic meter reading (AMR) and advanced meter infrastructure (AMI). Smart gas meters contain combined sensors and computation hardware that measure the volume of the gas consumed more accurately. They measure gas concentration, detect toxic and explosive gasses, prevent explosions and fire hazards, provide greater clarity of consumption behavior, etc. As a result, smart gas meters find widespread applications across various sectors, such as residential, commercial, industrial, etc.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by type and application.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Smart Gas Meter Market
- Strategies of major players and product offerings
The escalating product adoption in the residential sector owing to the rising cases of stealing the pipeline gas resulting in malfunctions, leakage, and other safety hazards is primarily driving the smart gas meter market. Besides this, the elevating demand for AMR devices to collect time-of-use statistics and assist in providing accurate meter readings, along with improved and transparent billing processes, is further augmenting the market growth. Apart from this, the expanding advancements in technologies, including the integration of the Internet of Things (IoT) to support real-time monitoring of flow, pressure, temperature, gas usage, leakages, etc., are also catalyzing the global market. Moreover, the increasing expenditure capacities of consumers and the inflating number of smart city development projects across countries are acting as significant growth-inducing factors. Furthermore, the launch of favorable policies by the government bodies to encourage and regulate the adoption of energy-saving systems is expected to bolster the smart gas meter market in the coming years.
Key Players Included in Global Smart Gas Meter Market Research Report:
- Aclara Technologies LLC (Hubbell Incorporated)
- Aichi Tokei Denki Co. Ltd.
- Apator SA
- Chongqing Shancheng Gas Equipment Co. Ltd.
- Diehl Stiftung & Co. KG
- EDMI Limited (Osaki Electric Co. Ltd.)
- Honeywell International Inc.
- Itron Inc
- Landis+Gyr
- Raychem RPG Private Limited
- Schneider Electric SE
- Siemens AG and Wasion Holdings Limited.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Key Market Segmentation:
Breakup by Component:
- Hardware
- Software
Breakup by Type:
- Automated Metering Infrastructure (AMI)
- Automated Meter Reading (AMR)
Breakup by End Use:
- Residential
- Commercial
- Industrial
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
TOC for the Smart Gas Meter Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Smart Gas Meter Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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