The Smart Gas Meter Market Report 2018-2023 focuses on the global Smart Gas Meter status, future forecast, growth opportunity, key market, and key players.
The Smart Gas Meter Market report studies the global market size of Smart Gas Meter in key regions like North America, Europe, Asia Pacific, Central & South America, and the Middle East & Africa focuses on the consumption of Smart Gas Meter in these regions. This research report categorizes the global Smart Gas Meter market by players/brands, region, type, and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porters Five Forces Analysis.
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The various contributors involved in the value chain of Smart Gas Meter include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
- Landis + GYR Group AG
- Wasion Group Holdings
- Elster Group SE
- Itron Inc.
- Sensus USA Inc.
- General Electric Company
- Diehl Stiftung GmbH & Co. KG
- Pietro Fiorentini
- Apator SA
- Yazaki Corporation
- Aichi Tokei Denki
- Meter Italia
- Zenner International GmbH & Co. KG
Overview of Smart Gas Meter Market Research Report 2018-2023:-
The smart gas meter market was valued at 11.414 million unit shipments in 2017 and is expected to reach 26.391 million unit shipments by 2023, witnessing a CAGR of 12.11% for the forecast period (2018 – 2023). The report discusses the end users that use these products. The regions considered under the scope of the report include North America, Europe, and various others. The study also emphasizes on how growth in smart city deployment is affecting the market.
Smart metering solutions comprise of meters or modules, with communication capabilities (either one-way or two-way) embedded within the meter or attached to it. The market for smart gas meters is expected to show consistent growth during the forecast period. Parallel integration pushes the smart gas meter market, coupled with electricity meters, in countries like the United Kingdom, which is incorporating common In-House Displays (IHDs) for multiple services. The smart gas meter market has limited product differentiation scope, based on technology. Thus, the price, service, and durability remain the critical factors in product and service selection. However, factors, like the availability of capital funding and comparatively higher price than the regular metering equipment employed, can act as a restraint for the market.
Increase in Billing Revenue and Accuracy to Drive the Demand
Smart meters boost a utilityâs ability to precisely and timely bill customers for the extent of gas used. The remote-read capability allows for smaller intervals between billing reads, better business preparation in understanding future revenue streams, or producing a continuous flow of capital. Smart meters have a significant role to play in reducing theft and safeguarding utility revenues, which acts as a driver. Moreover, in the case of smart gas meters, losses in most cases are accounted for theft and leakage. In addition, smart meters can also reduce labor costs and time, as the data provided on smart meters is two-way communicable, saving costs and time in the process.
The Residential Segment to have the Highest Share
Globally, many countries are compelled to implement various measures for the conservation of energy, owing to the rising scarcity of fossil fuels. Governments are forcing multiple end-use sectors, such as residential, to install gas meters, as the installation of gas meters aid in the reduction of the wastage of gas. To achieve this, many governments are imposing mandate regulations in the usage of smart gas meters across their regions. For instance, in 2017, the nationwide rollout in the United Kingdom of smart meters resulted in the installation of more than one million smart meters in six months. Moreover, introduction of next-generation smart meter for the residential sector in other developed countries, such as the United States and Germany, is expected to augment the smart gas meter market.
Increasing Demand in Asia-Pacific to Augment Market Growth
The market in China is rapidly shifting toward a commodity culture, and technological differences are limited. This, coupled with the increasing number of regional players, has increased the competition in the Chinese market substantially. While the preference for premium brands in industrial and commercial applications has allowed for some market share to the global players, lower price point and different specification requirements have majorly kept the competition away from these companies, as far as large-scale deployment in the residential sector is concerned. Moreover, Japan is expected to witness the most robust growth, although the rollout of smart gas meters planned by the Japanese government is expected to be delayed beyond the forecast period, which is scheduled to be completed by 2020.
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Reasons to Purchase this Report
Key questions answered in the Smart Gas Meter Market Report are.
- What will the market size be in 2023 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Smart Gas Meter market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
Major Points from TOC of Smart Gas Meter Market Research Report 2018-2023:
1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
4.1.1 Rise in Defence Expenditure of Many Countries
4.1.2 Increasing Demand of Lightweight Materials in the Industry
4.2.1 Need for High Investments in R&D
4.2.2 Other Restraints
4.3 Industry Value-Chain Analysis
4.4 Porters 5 Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Price Analysis
- MARKET SEGMENTATION
1 By Application
5.2 End-user Sector
5.3.2 North America
5.3.4 South America
5.3.5 the Middle East & Africa
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