Smart Gas Meter Market Is Booming Worldwide Size, Development Growth Strategies, Product Scope and Forecast by 2026

Posted on Jun 20 2022 4:33 AM

"Key Companies Covered in Smart Gas Meter Market Research Report are Siemens, Kamstrup, Aclara, Holley Technology Ltd, Xemex, EMH metering GmbH & Co KG, ABB, Landis+Gyr, Itron, Inc., Secure Meter Limited, Xylem Inc., EDMI Limited, Jabil, Honeywell. "

The global smart gas meter market size stood at USD 6.76 billion in 2018 and it is projected to reach USD 10.92 billion by 2026, exhibiting a CAGR of 6.3% during the forecast period.

The Smart Gas Meter Market 2022 | Energy And Power Industry Global Analysis by Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights.The Smart Gas Meter Market Growth rate or CAGR exhibited by a market for a given forecast period is calculated based on various factors and their level of impact on the market.

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                           Smart Gas Meter Market

Key Industry Development: 

April 2019 – Aclara Technologies and OVO Energy collaborated for implementing the new SMETS2 meter. The companies aim at modernizing the already existing grids and combine with the smart meter rollout program of the UK.

Smart Gas Meter Market Report Scope: 

REPORT ATTRIBUTE DETAILS
Market size available for years 2019-2026
CAGR Value  6.3%
Base year considered 2018
Historical data 2015-2017
Forecast Period 2019-2026
Quantitative units Revenue in USD million and CAGR from 2019-20261
Segments Covered Types, Applications, End-Users, and more.
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Customization scope Report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options

 

Industry Globalization Drivers:

“Operational Safety and Cost Savings for Gas Companies & Customers Will Drive Market”

Operational advantages such as elimination of noting monthly reading manually, continuous monitoring of pipeline, availability of real-time data, and preciseness in operation will drive the adoption of smart gas metering. Also, the cost savings brought in along with the one-time investment in smart meter will drive the market growth. Along with the advantages provided to the gas companies, the smart gas meter also has certain benefits for customers that include adjusting the user to control the monthly bills, detailed feedback regarding energy use, and reduces the number system failures. Such factors are expected to attract high smart gas meters market revenue in the forecast duration.

“Switch Towards Clean Energy Will Augment Smart Gas Meter Installations”

The inclination towards clean sources of energy in recent years has increased the demand for natural gas across various end-user segments. This increased demand, coupled with government support to enhance gas usage has fueled the adoption of natural gas. Additionally, according to a survey on energy consumption conducted by Smart Energy GB in UK, 86% of people having smart meter installed in their homes have made significant changes to their energy saving behavior. These behavioral changes in energy help to bring down energy emissions, thus promoting the smart gas meter market growth. Following this, many suppliers now favor the installation of the smart meter with exclusive tariff plans for residential usage.

The Smart Gas Meter Market COVID-19 influence analysis:

  • Pre & post COVID-19 market size
  • A qualitative investigation of the long-term & short term influence of COVID-19 on the industry
  • The analysis provides the main approaches adopted by competitors to minimize the impact of the epidemics on their enterprise activities & scope for future developments.

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The study provides analysis on market participants including:

  • Siemens
  • Kamstrup
  • Aclara
  • Holley Technology Ltd
  • Xemex
  • EMH metering GmbH & Co KG
  • ABB
  • Landis+Gyr
  • Itron, Inc.
  • Secure Meter Limited
  • Xylem Inc.
  • EDMI Limited
  • Jabil
  • Honeywell

Segmental Outlook

Key segments, including types and applications, were detailed in this report. Consultants of verified market reports studied all segments and used historical data to provide market size. They also talked about the growth opportunities the segment could pose in the future. The study provides production and revenue data by type and application during the past period and forecast period(2022-2026).

Highlights of the Report:

Industry Overview: The first section of the research study covers an overview of the global Smart Gas Meter Market,market status and prospects,and product range. In addition,it provides highlights of the major segments of the global Smart Gas Meter Market,i.e. region, type and application segments.

 Competitive Analysis:This report illuminates important mergers and acquisitions,business expansion,product or service differences,market concentration,competitive status of the global Smart Gas Meter Market, and market size by player.

Company Profiles and Key Data:This section covers companies profiling the major players in the global Smart Gas Meter Market based on the aforementioned revenue,products,business and other factors.

 Market size by type and application:In addition to providing in-depth analysis of the global Smart Gas Meter Market size by type and application,this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends and opportunities of the global Smart Gas Meter Market. This section also includes Porter's analysis of five forces.

 Findings and Conclusions:It provides strong recommendations for new as well as established players for securing a position of strength in the global Smart Gas Meter Market.

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Detailed TOC of Global Smart Gas Meter Market Report 2022

Smart Gas Meter Market Introduction and Market Overview

  • Objectives of the Study
  • Overview of Smart Gas Meter Market
  • Smart Gas Meter Market Market Scope and Market Size Estimation
  • Market Concentration Ratio and Market Maturity Analysis
  • Global Smart Gas Meter Market Revenue and Growth Rate

 Market Segmentation

  • Types of Smart Gas Meter Market
  • Applications of Smart Gas Meter Market
  • Research Regions
  • Market Dynamics
  • Smart Gas Meter Market Industry Trends
  • Smart Gas Meter Market Drivers
  • Smart Gas Meter Market Market Challenges
  • Smart Gas Meter Market Market Restraints
  • Industry News and Policies by Regions
  • Industry News
  • Industry Policies
  • Mergers & Acquisitions, Expansion Plans
  • Smart Gas Meter Market Development Trends under COVID-9 Outbreak
  • Global COVID-9 Status Overview
  • Influence of COVID-9 Outbreak on Smart Gas Meter Market Industry Development

Industry Chain Analysis

  • Upstream Raw Material Supply and Demand Analysis
  • Global Smart Gas Meter Market Major Upstream Raw Material and Suppliers
  • Raw Material Source Analysis
  • Major Players of Smart Gas Meter Market
  • Major Players Manufacturing Base of Smart Gas Meter Market in 2026
  • Major Players Market Distribution in 2026
  • Smart Gas Meter Market Manufacturing Cost Structure Analysis
  • Production Process Analysis
  • Manufacturing Cost Structure of Smart Gas Meter Market
  • Market Channel Analysis of Smart Gas Meter Market
  • Major Down Stream Customers by Application

Continued….

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