Fortune Business Insights, titled, “Smart Gas Meter Market Size, Share and Global Trend By Type (Automatic Meter Reading, Advance Metering Infrastructure), By End User (Residential, Commercial, Industrial) and Geography Forecast Till 2026.” According to the report, increasing investments in smart grid infrastructure and smart cities is projected to boost the global smart gas meter market during the forecast period. Additionally, the ongoing development of gas pipeline networks, rising government regulations and policies in emerging countries, and enhanced customer service are expected to contribute to the growth of the global market.
The report offers an elaborate study of the global smart gas meter market along with the key developments and current market trends. It further provides information regarding growth drivers, obstacles, key market players, and opportunities.
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Top Players Overview:
Fortune Business Insights has listed some of the prominent market players operating in the global smart gas meter market. They are as follows:
• General Electric Company
• Pietro Fiorentini
• Wasion Group Holdings
• Honeywell International, Inc.
• Diehl Stiftung GmbH & Co. KG
• Landis + Gyr Group AG
• Aichi Tokei Denki
• Zenner International GmbH & Co. KG
• Sensus U.S.A., Inc.
• Meter Italia
• Itron, Inc.
• Yazaki Corporation
• Apator SA
• Other market players
AMR Segment to Dominate the Global Market Owing to its Cost-effective Nature
In terms of type, the global smart gas meter market is grouped into advanced metering infrastructure (AMI) and automatic meter reading (AMR). Out of these, AMR is capable of collecting diagnostic, status data, and consumption from energy metering devices and water meter automatically. It then sends the data to a central database for analyzing, troubleshooting, and billing. A benefit of AMR is that it is cost-effective than AMI and hence, it is projected to lead the global smart gas meter market during the forecast period.
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Rising Awareness Programs Regarding Theft Protection to Favor Growth in Asia Pacific
Geographically, the global smart gas meter market is divided into Asia Pacific, the Middle East and Africa, North America, Latin America, and Europe. Amongst these regions, North America is likely to lead the global smart gas meter market owing to the increasing interest of the consumers towards billing transparency and expensive nature of energy. Moreover, a rapid shift towards cost-effective options is positively impacting the market in this region by initiating growth in commercial and utility sectors. Europe, on the other hand, is projected to exhibit significant growth in the coming years due to mandatory rollout programs and increasing government regulations.
The report mentions that Asia Pacific possesses unique government initiatives. It is combined with people’s shift towards smart metering systems. The National Development and Reform Commission (NDRC) of China, for instance, launched time-of-use price as well as ladder pricing structure for users across utility, commercial, and residential sectors in 2015. Latin America and the Middle East is anticipated to showcase immense growth in the smart gas meter market due to increasing awareness regarding theft prevention and increasing urbanization. Besides, the governments of these regions have started a few projects for the implementation of smart meter systems.
Landis+Gyr Deploys 20 Million Smart Meters to Tokyo Electric Power Company
In March 2019, Landis+Gyr, a provider of advanced smart metering technology, headquartered in Switzerland, announced the deployment of smart meters and other intelligent devices to approximately 20 million people at Tokyo Electric Power Company (TEPCO). The project would be over by 2020. Once the project gets over, the IoT network of the utility will connect around 30 million consumer and utility devices by using the Wi-SUN home energy management interoperability standard and a wide range of communication technologies.
Major Table of Content for Smart Gas Meter Market:
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Smart Gas Meter Market Analysis, Insights and Forecast, 2015-2026
6. North America Smart Gas Meter Market Analysis, Insights and Forecast, 2015-2026
7. Europe Variable Smart Gas Meter Market Analysis, Insights and Forecast, 2015-2026
8. Asia Pacific Smart Gas Meter Market Analysis, Insights and Forecast, 2015-2026
9. Latin America Smart Gas Meter Market Analysis, Insights and Forecast, 2015-2026
10. Middle East and Africa Smart Gas Meter Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
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