Smart Gas Meters Market 2019 Global Industry Outlook to 2023 Research Report published by Market Research Future. Global Smart Gas Meters Market segmented By Product (Diaphragm, Turbine, Rotary Piston and Others), Application (Residential, Commercial and Industrial), Region with Forecast To 2023. According to the report Global Smart Gas Meters Market anticipated to achieve 6.60% CAGR by 2023.
Key Companies Analyzed:
Landis+Gyr (Switzerland), Aclara Technologies LLC (U.S.), MeteRSit (Italy), Xylem, Inc. (U.S.), Honeywell International Inc. (U.S.), EDMI (Singapore), Itron Inc. (U.S.), Apator Group (Poland), Zenner (Germany), DIEHL Metering (Germany), and Flonidan A/S (Denmark
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Smart Gas Meters Market Overview:
Smart gas meters not only facilitate the measurement of gas but also ensures accuracy. Thus, it is likely to witness a rising demand in the forthcoming years. Market Research Future (MRFR), in its latest study, has unfolded that the global smart gas meters market is projected to register a CAGR of 6.60% through the assessment period 2018 to 2024. The market is further revealed to scale valuation of USD 3.07 Bn by 2024 up from USD 1.96 Bn in 2017.
The product assures safety, and its deployment is being backed by the governments. This, in turn, is anticipated to catapult smart gas meters market on upward trajectory. In addition, the increasing investments in smart grid projects due to rising consumption level of utilities are poised to open new avenues of expansion opportunities for the players in the market.
Smart gas meters are likely to gain traction of the market owing to its efficient use of energy. However, on the flip side, the lack of awareness in underdeveloped regions remains an impediment to market growth.
The common strategies for growth executed by the participants of the smart gas meters market are mergers & acquisitions, partnerships, agreements, collaborations, research & development, regional expansion, etc. in addition, increasing investments in technological advancements are prognosticated to boost the competition in the smart gas meters market over the next couple of years.
One of the latest developments in the market is the deal signed between Colorado Springs Utilities and Landis+Gyr, a multinational corporation, in July 2019. The partnership aims at the replacement of the metering system with advanced technology. Also, Utilities will be receiving advanced IoT network GridStream for connecting 590,000 new smart meters.
Market Segmentation:
The segments of the global smart gas meters market, based on product, include diaphragm gas meters, rotary gas meters, turbine gas meters, and others. Among these, the diaphragm gas meter segment is presently dominating the global market. Diaphragm gas meters facilitate the integration of the latest technologies with traditional meters. Thus, it offers advantages such as accuracy and easy installation. It is expected to drive the growth of the segment over the next couple of years.
The segmental assessment of the smart gas meters market, based on application, covers residential, commercial, and industrial. Among these, the residential segment is poised to lead the growth of the smart gas meters market in the years to come. The segment is expected to strike 7.02% CAGR across the review period.
Regional Analysis:
The geographical evaluation of the global smart gas meters market spans across five regions – North America, the Middle East & Africa (MEA), Europe, Asia Pacific (APAC), and South America. North America is the leading regional segment and is likely to maintain its prominent position in the marketplace over the next few years. The key players based out of the region is anticipated to influence the growth pace of the regional smart gas meters market positively in the foreseeable future. The U.S. is expected to play a substantial role in the development of the market over the next couple of years. It houses over 30 gas & electric companies that have deployed smart gas meters. Residential applications of the meter are also prognosticated to increase in the forthcoming years, thus, encouraging market growth.
Table Of Contents
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 DEFINITION
2.2.2 RESEARCH OBJECTIVE
2.2.3 ASSUMPTIONS
2.2.4 LIMITATIONS
2.3 RESEARCH PROCESS
2.3.1 PRIMARY RESEARCH
2.3.2 SECONDARY RESEARCH
2.4 MARKET SIZE ESTIMATION
2.5 FORECAST MODEL
3 MARKET LANDSCAPE
3.1 PORTER’S FIVE FORCES ANALYSIS
3.1.1 THREAT OF NEW ENTRANTS
3.1.2 BARGAINING POWER OF BUYERS
3.1.3 THREAT OF SUBSTITUTES
3.1.4 SEGMENT RIVALRY
3.1.5 BARGAINING POWER OF BUYERS
3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS
4 MARKET DYNAMICS
4.1 INTRODUCTION
4.2 MARKET DRIVERS
4.3 MARKET RESTRAINTS
4.4 MARKET OPPORTUNITIES
4.5 MARKET TRENDS
5 GLOBAL SMART GAS METERS MARKET, BY TYPE
Continued…
List of Tables:
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 GLOBAL SMART GAS METERS MARKET, BY PRODUCT, 2016–2024 (USD MILLION) 32
TABLE 4 GLOBAL SMART GAS METERS MARKET, BY APPLICATION, 2016–2024 (USD MILLION) 35
TABLE 5 GLOBAL SMART GAS METERS MARKET, BY REGION, 2016-2024 (USD MILLION) 38
TABLE 6 NORTH AMERICA: SMART GAS METERS MARKET, BY COUNTRY, 2016-2024 (USD MILLION) 39
Continued…
List of Figures:
FIGURE 1 GLOBAL SMART GAS METERS MARKET: MARKET STRUCTURE 17
FIGURE 2 KEY TAKEAWAYS FROM SMART GAS METERS MARKET 18
FIGURE 3 RESEARCH PROCESS OF MRFR 20
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 21
FIGURE 5 DRO ANALYSIS OF GLOBAL SMART GAS METERS MARKET 24
FIGURE 6 NUMBER OF SMART GAS METERS INSTALLED IN GREAT BRITAIN (Q1 2014-Q4 2016) 25
FIGURE 7 FIGURE DRIVERS IMPACT ANALYSIS, 2016-2024 26
FIGURE 8 RESTRAINTS IMPACT ANALYSIS, 2016-2024 27
FIGURE 9 SUPPLY CHAIN: GLOBAL SMART GAS METERS MARKET 28
FIGURE 10 PORTER’S FIVE FORCES ANALYSIS OF GLOBAL SMART GAS METERS MARKET 29
Continued…
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