Transparency Market Research Gas Meters Market (Product Type - Diaphragm Gas Meter, Rotary Gas Meter, Turbine Gas Meter, and Ultrasonic Gas Meter; Application - Residential, Commercial, and Industrial) - Global Industry Analysis, Size, Share, Growth Trends and Forecast 2016 - 2024 Published Date 2017-02-14
160 Page Report
Buy Now
Request Sample
Press Release
Global Gas Meters Market: Growing Usage of Natural Gas as Primary Energy Source to Boost Growth, finds TMR Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com sales@transparencymarketresearch.com
Gas Meters Market
REPORT DESCRIPTION Global Gas Meters Market: Snapshot
The global market for gas meters has gained a significant momentum over the last few years. The rising usage of natural gas as the main fuel source, favorable regulations and laws regarding adoption of smart meters, and increasing need to eliminate losses during gas transmission and distribution have led to a tremendous progress of this market and are projected to remain doing so over the forthcoming years. However, the high initial and switching costs, limited capability to manage large data volumes generated from smart gas meters, and the growing adoption of hybrid metering systems may hamper the growth of this market to some extent in the near future.
Browse Market Research Report: http://www.transparencymarketresearch.com/gasmeters-market.html
Valued at US$2.3 bn in 2015, the global market for gas meters is likely to expand at a CAGR of 8.10% between 2016 and 2024 and reach a value of US$4.7 bn by the end of 2024.
Asia Pacific to Remain Leading Global Market for Gas Meters
Regionally, the global market for gas meters has been categorized into Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa. Thanks to the increasing industrialization, the Asia Pacific market for gas meters has acquired the dominant position and
Transparency Market Research
2
Gas Meters Market
is anticipated to remain leading throughout the forecast period. The growing consumption of natural gas in this region is also projected to boost this regional market over the next few years. China, Japan, India, Australia, and the ASEAN countries are likely to lead the market for gas meters in Asia Pacific in the years to come.
Get accurate market forecast and analysis on the Gas Meters market. Request a sample to stay abreast on the key trends impacting this market @ http://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=2090
The Europe market for gas meters, which stood second in 2015, is also projected to witness steady growth over the next few years. The increasing implementation of strict regulations pertaining to the utilization of smart meters and the high adoption rate of natural gas as primary fuel in this region is expected to boost the demand for gas meters in Europe. The U.K., France, Germany, Italy, and Russia are likely to emerge as the leading domestic markets for gas meters in Europe. Diaphragm Gas Meters to Continue to Attract High Demand Diaphragm gas meters, rotary gas meters, turbine gas meters, and ultrasonic gas meters are the key type of products in the global gas meters market. Among these, diaphragm gas meters enjoy the most widespread utilization. The product segment held more than 60% of the overall market in 2015 and is expected to continue its lead with majority share throughout the forecast period. Rotary and turbine gas meters also attract a high demand and are anticipated to remain doing so over the next few years.
The key players functional in the global market for gas meters are ABB, APATOR SA, AEM S.A., Badger Meter Inc., Diehl Gas Metering GmbH, Betar Ltd., EDMI Ltd., General Electric, Elster
Transparency Market Research
3
Gas Meters Market
GmbH, Itron Inc., Honeywell Process Solutions Inc., Landis+Gyr, Chongqing Shancheng Gas Equipment Co. Ltd., Qianwei Kromschroder Meters Chongqing Co. Ltd., and Dandong Dongfa (Group) Co. Ltd. About Us
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact
Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: sales@transparencymarketresearch.com Website: http://www.transparencymarketresearch.com/
Transparency Market Research
4