Smart Gas Meters Market to Surpass USD $ 3.5 billion by 2022.

Smart Gas Meters Market Research Report- Forecast To 2023

Smart Gas Meters Market to Surpass USD $ 3.5 billion by 2023.

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Copyright Š 2018 Market Research Future.

Smart Gas Meters Market Research Report- Forecast To 2023

1 Summary Smart gas meters have increasingly substituted existing meters. Smart gas meters are helpful tools for the end users as provide energy efficiency, monitoring and enables the end users to keep on top of the gas bills.

Smart meters provide a two way communication between the meter and the central system. With numerous advantages over traditional gas meters such as energy efficiency and conservation, smart gas meters market has witnessed a significant growth in recent times.

Key Players: The key players of global Smart Gas Meter market Landis+Gyr (Switzerland), Itron Inc. (U.S.), Apator Group (Poland), Honeywell International, Inc. (U.S.), Diehl Metering (U.K.), Raychem RPG (India), Sensus (U.S.), Dandong Dongfa Group Co. Ltd. (China), EDMI Limited (Singapore), and Chongqing Shancheng Gas Equipment Co. Ltd. (China). In 2016, these companies accounted for a majority share in the global market.

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Copyright Š 2018 Market Research Future.

Smart Gas Meters Market Research Report- Forecast To 2023

2 Market Overview Significant increase in government roll out of smart gas meters in households and commercial application (relatively controlled) in recent times to spread awareness regarding smart and efficient usage and production of energy has been a key growth factor for the smart gas meter market. EU alone has made big strides in the government roll outs with 1.5 million smart gas meter already installed in households. United States and Asia-Pacific are other prominent regions with immense scope of development in smart gas meters market with government mandates playing a significant role. Major players such as Elster, GE Energy, Itron, Landis+Gyr, and Sensus are playing a significant role in the development of significant infrastructure required for the implementation of smart grids at ground level.

Major promotion of smart gas meters by the government has resulted in a successful conclusion of the first phase of smart gas meter implementation in many countries. There is still a long way to go to make this initiative customer friendly.

One such problem is the adaptability of smart gas meters. Most of the smart gas meters are effectively trapped with their energy supplier. The gadgets are supposed to record household energy use every 30 minutes and send this information directly to energy companies, meaning customers pay only for the energy they use. The smart meters installed in the households are not adaptable to the rival supplier’s connections.

Switching suppliers would result in the meter being no longer “Smart”, but would revert back to a dumb mode which is no different from the traditional meters we have been using for decades.

Regional Analysis: Both North America and Europe are estimated to hold a dominating share within the smart gas meter market. U.S. is another major market for Smart Gas Meters. Government policy mandates and fiscal incentives have been the primary drivers for the demand for Smart Gas Meters. Also, the region is the hub of major manufacturers which has the positive influence on the growth of the market. During the forecast period Government policy mandates and fiscal incentives have been the primary drivers for the demand for Smart Gas Meters. European region is expected to have the fastest growth in next half a decade. However, Asia-Pacific region is also projected to register a considerably high growth rate during the forecast period. Increasing investments on account of government initiatives and roll-outs is expected to be a major driving factor for the growth of the European market.

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Copyright © 2018 Market Research Future.

Smart Gas Meters Market Research Report- Forecast To 2023

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Copyright Š 2018 Market Research Future.