Industry Background:
Smart gas meter generally involves in the installation of an intelligent meter at the residential and commercial platforms. It automatically measures the basic parameters such as volume, pressure, and temperature of the gas flowing in the pipeline. Additionally, increasing consumer focus on purchasing energy-efficient equipment that has enhanced the product demand from the gas and pipeline industry. Factors such as increasing demand for smart gas meter coupled with rising consumer spending on latest technology based power efficiency equipment such as embedded control systems and RF Connectivity will provide a positive scope for the product penetration during the forecasted timeframe. There has been a significant rise in number of residential meters with a figure stood up to 22 Million in Italy region alone in 2018. So, the future for baby strollers looks promising. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the electric sector.
This growth is primarily driven by Growing Demand for Energy Efficient Equipments and Increasing Urbanization and Rise in Smart City Infrastructure.
Globally, a noticeable market trend is evident Increasing Demand from Asia Pacific Regions
. The Telecom Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Itron, Inc. (United States), Honeywell International, Inc. (United States), Apator Group (Poland), Landis+Gyr (Switzerland), Diehl Metering (United Kingdom), Sensus (United States), EDMI Limited (Singapore) and Chongqing Shancheng Gas Equipment Co., Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In February 2019, Genesis gas solutions partnership with Tata Communications LoRaWAN Internet of Things (IoT) network for providing the pre-paid smart gas metering system to Indraprastha Gas Limited (IGL). It's used to monitor their gas level more accurately in real-time and offers ultra-low power long-range technology solutions.
Itron, Inc. launched a new smart gas meter platform which is beneficial for delivering smart meter functionality to the European Market. It is used to measure and manage gas through accurate and detailed usage data, as well as reduce business cost by using capabilities, such as advanced alarms, remote asset monitoring, and remote valve operation.
Market Drivers
- Growing Demand for Energy Efficient Equipments
- Increasing Urbanization and Rise in Smart City Infrastructure
Market Trend
- Increasing Demand from Asia Pacific Regions
- Value Oriented Customers
Restraints
- Health Issues and Safety Concerns
- Lack of Awareness among Customers
- Sluggish Growth Due to Interoperability Issues
Opportunities
Rising Investments from Manufacturers for Digitalize Gas Distribution Channels and Accurate Billing and Improved Customer Service
Challenges
High Maintenance Cost Associated with Smart Gas Meters and Complex Design Components of these System Hamper the Market Growth
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Smart Gas Meter Study Sheds Light on
The Smart Gas Meter Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Smart Gas Meter industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Smart Gas Meter industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.