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Smart Gas Meter Intelligent Gas Meter Market

Smart Gas Meter (Intelligent Gas Meter) Market Forecasts to 2028 – Global Analysis By Product (Diaphragm, Turbine), Application (Water Meter, Gas Meter), End User (Industrial, Residential) and By Geography

4.7 (41 reviews)
Published: July 2021 ID: SMRC20793
4.7 (41 reviews)
Published: July 2021 ID: SMRC20793

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Smart Gas Meter (Intelligent Gas Meter) Market is accounted for $1.91 billion in 2020 and is expected to reach $3.21 billion by 2028 growing at a CAGR of 6.7% during the forecast period. The increasing investments in smart grid technologies to measure and analyze data and asset management of advanced metering infrastructure (AMI) are the factors driving the market growth. However, the requirement of high upfront cost for smart gas infrastructure is hampering the market growth.

Smart gas refers to an emerging technology that is capable of automatically measuring the primary parameters like temperature, pressure, and volume of the gas that flows in the pipeline.

Based on the technology, the advanced metering infrastructure (AMI) segment is going to have lucrative growth during the forecast period owing to their operational advantages, and the adoption of advanced metering infrastructure.

By geography, North America is going to have high growth during the forecast period owing to the increasing interest of the consumers towards billing transparency and the expensive nature of energy. Also, a rapid shift towards cost-effective options is positively impacting the market in this region.

Some of the key players profiled in the Smart Gas Meter Market include Aclara Technologies LLC, Apator Group, Badger Meter, Inc, DIEHL Metering, EDMI Limited, EMH Metering GmbH & Co KG, Holley Technology Ltd, Honeywell International Inc, Itron Inc, Kamstrup A/S, Landis+Gyr, Schneider Electric , Siemens AG, Xylem, Inc, and Zenner.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 1.91 billion

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

6.7%

Predicted 2028 Value:

USD 3.21 billion

Forecast Years:

2021-2028

Tables, Graphs& Figures

223

Chapters Covered:

Type, Working Principle, Component, Product, Technology, Application, End User and Region

Core Drivers and Opportunities:

  • Increasing investments in smart grid technologies
  • Growing emphasis on smart grid initiatives and modernization of gas networks
  • Integration of artificial intelligence (AI) into smart gas meter operations

Restraining Factors & Market Threats:

  • Requirement of high upfront cost for smart gas infrastructure
  • Delayed realization of return on investment (ROI)

         
Types Covered:
• Card Type
• Internet of Things (IoT)
• Wired Remote Transmission
• Wireless Remote Transmission     

Working Principles Covered:
• Automated
• Manual

Components Covered:
• Software
• Hardware       

Products Covered:
• Diaphragm Gas Meters
• Rotary Piston Gas Meters 
• Smart Ultrasonic Gas Meter
• Smart Diaphragm Gas Meter 
• Turbine Gas Meters 

Technologies Covered:
• Advanced Metering Infrastructure (AMI)
• Automated Meter Reading (AMR)

Applications Covered:
• Water Meter
• Gas Meter
• Electric Meter

End Users Covered:
• Business
• Commercial
• Industrial 
• Modern
• Private
• Residential

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Smart Gas Meter (Intelligent Gas Meter) Market is majorly driven by increasing investments in smart grid technologies to measure and analyze data, integration of artificial intelligence (AI) into smart gas meter operations, and digitalization of distribution grids and optimization of network operations.

The automated meter reading (AMR) segment is growing at a highest CAGR due to the growing demand for cost-effective smart gas meters and the need for automated collection of meter readings without physical inspection.

North America dominated with a significant market share owing to the highest installation rate of AMR devices and high demand for powerful smart gas meters with edge intelligence capabilities.

Asia Pacific market is growing at a highest CAGR due to the new investments in smart grid technologies and increased energy demand & greenhouse gas emission targets in the region.

Key players in Smart Gas Meter (Intelligent Gas Meter) Market include Aclara Technologies LLC, Apator Group, Badger Meter, Inc, DIEHL Metering, EDMI Limited, EMH Metering GmbH & Co KG, Holley Technology Ltd, Honeywell International Inc, Itron Inc, Kamstrup A/S, Landis+Gyr, Schneider Electric, Siemens AG, Xylem, Inc, and Zenner.

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