Smart Gas Market Scope
The smart gas devices are very useful in monitoring solution for gas utilities deals remotely. These devices play a very vital role in tracing the performance of the asset which provides real-time data during gas operations. The smart meters help in capturing, storing, and transmitting meter data to the main server. It is used in households, vehicles and various industrial as well as for commercial purposes. Increasing urbanization is the main reason in the rising demand for the smart gas. Smart gas technology solutions offer an efficient and reliable solution to the utility industry.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Largest Market | North America |
Unit | Value (USD Billion) |
Key Companies Profiled | Aclara Technologies LLC (United States), Badger Meter, Inc. (United States), Capgemini (France), CGI Inc. (Canada), Elster Group SE (Germany), General Electric Company (United States), Oracle (United States), Schneider Electric (France), Sensus (United States), Emerson Electric (United States) and Yokogawa Electric Corporation (Japan) |
CAGR | 16.5% |
"According to AMA, the Global Smart Gas market is expected to see growth rate of 16.5% and may see market size of USD3.1 Billion by 2027."In August 2020, Apator SA’s subsidiary Apator Metrix SA and George Wilson Industries Ltd. Has contracted by Flonidan A/S (Denmark) to deliver gas meters to the UK market Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Smart Gas market throughout the predicted period.
Aclara Technologies LLC (United States), Badger Meter, Inc. (United States), Capgemini (France), CGI Inc. (Canada), Elster Group SE (Germany), General Electric Company (United States), Oracle (United States), Schneider Electric (France), Sensus (United States), Emerson Electric (United States) and Yokogawa Electric Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Itron, Inc. (United States) and Landis+Gyr (Switzerland).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Smart Gas market by Type , by Application (Industrial, Commercial and Residential) and Region with country level break-up.
On the basis of geography, the market of Smart Gas has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In August 2021, Landis+Gyr entered into a five-year contract with Louisville Gas and Electric Company and Kentucky Utilities Company to offer its smart metering & smart grid infrastructures.
On April 2, 2019, OVO Energy appointed Aclara to Supply Smart Dual-Energy Solution to UK Market. Aclara, a leading supplier of smart infrastructure solutions (SIS) to electric, gas, and water utilities worldwide, will now provide a dual-fuel smart metering solution that includes SMETS2 gas and electricity meters as part of a new contract with OVO Energy, the UK’s largest independent energy technology company and supplier.
Smart Gas Market Dynamics:
Attributes | Details |
---|
Trends Influencing Market | - Growing Urbanization and Technological Advancements
- Rising Demand from the Industry
|
Key Restraints | - High Initial Investment Required For Installing
|
Challenges | - Difficulties in Integration of Smart Solutions
|
Market Opportunities | - Rising Investments in Smart Grid and Gas Pipeline Networks
|
Key Target Audience
Favorable government efforts and initiatives for the efficient management of resources, Manufacturers of Smart Gas Meters, Suppliers of Smart Gas Meters, Wholesalers, Distributors, and Retailers of Smart Gas Meters, Service Providers of Smart Gas, Research Organization and Governmental Bodies