The global smart gas meter market size is projected to grow from an estimated USD 2.0 billion in 2021 to USD 2.5 billion by 2026, at a CAGR of 4.7% from 2021 to 2026. The key drivers for the smart gas meter market include digitalization of distribution grids and optimization of network operations; asset management of advanced metering infrastructure (AMI); and increasing investment in smart grid technologies to measure and analyze data.
The automated meter reading (AMR) segment is expected to hold the largest share of the smart gas meter market, by technology, during the forecast period. The automated meter reading (AMR) segment is estimated to lead the smart gas meter market during the forecast period.The market for smart gas meter is driven by the growing demand for cost-effective smart gas meters and the need for automated collection of meter readings without physical inspection.
Asia Pacific is estimated to hold the largest share of the smart gas meter market, followed by Europe because of the increasing installation of smart gas meter in resdential, commercial and industrial end user are expected to drive the market for smart gas meter.
Asia Pacific: The fastest-growing market for smart gas meter.
The Asia Pacific is the fastest-growing market for smart gas meters, followed by Europe.The region has been segmented, by country, into China, Japan, Malaysia, Australia, Indonesia, Singapore, and the Rest of Asia Pacific.
China is the largest and fastest-growing market in the region.The country currently leads the table for new investments in smart grid technologies.
China managed to become the major consumer of smart grid technology because of the massive transformation taking place in the country’s energy landscape.The country’s ambitious renewable energy program will generate a tremendous need for smart grid technologies.
The requirement for the smart grid market is further supported by China’s focus on embracing energy efficiency, thus, increasing demand for smart gas meter market.
Breakdown of Primaries: In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects. The distribution of primary interviews is as follows: • By Company Type: Tier 1- 65%, Tier 2- 24%, Tier 3- 11% • By Designation: C-Level- 30%, D-Level- 25%, Others- 45%
By Region: North America- 27%, Europe- 20%, Asia Pacific- 33%, Middle East & Africa- 8%, , and South America- 12% Note: The tier of the companies has been defined based on their total revenue; as of 2017: Tier 1 = >USD 5 billion, Tier 2 = USD 1 billion to USD 5 billion, and Tier 3 = The key players in the smart gas meter market include companies such as Landis + Gyr (Switzerland), Itron (US), Honeywell International (US), Apator Group (Poland), and Diehl Metering (Germany).
Study Coverage: The report provides a complete view of the smart gas meter market across regions.It aims at estimating the market size and future growth potential of the market across different segments such as technology, type, component, end user, and region.
Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies. The market has been segmented based on technology, type, component, end user, and region, with a focus on industry analysis (industry trends). The market share analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the smart gas meter market.
Key Benefits of Buying the Report 1. The report identifies and addresses the types of smart gas meter that are essential for the efficient operation 2. The report helps solution providers understand the pulse of the market and provide insights into drivers, opportunities, restraints, and challenges. 3. The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
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