Smart Gas Meter Market expected to grow at 6.60% CAGR during 2019 to 2023 according to research report on Global Smart Gas Meter Market 2019 published by Market Research Future. Report comprises depth analysis of Smart Gas Meter Market by type of product and applications, and region. Increased Investment in Smart Grids to Profit Smart Gas Meter Market.
Global Key Players Analyzed in Report:
Apator Group (Poland), Sensus (U.S.), Dandong Dongfa Group Co. Ltd. (China), Landis+Gyr (Switzerland), Itron Inc. (U.S.), Honeywell International, Inc. (U.S.), Diehl Metering (U.K.), Raychem RPG (India), and EDMI Limited (Singapore).
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Market Research Future (MRFR) in its report on the global Smart Gas Meter market, reveals the growth pattern of the market. MRFR states that the global market of Smart Gas Meter market is expected to expand at a CAGR of 6.60% over the review period of 2018 to 2024.
As smart cities take shape, the demand for Smart Gas Meter is noted to rise. Utility providers, across the globe, are incorporating electric and Smart Gas Meter to achieve a reduction in labor intensive periodic meter readings at both business setups and home. High accuracy in real-time monitoring offered by Smart Gas Meter is likely to be the chief driver for the market.
The growing demand for Smart Gas Meter and the hike in investments in smart grid projects are additional factors that are expected to propel the global smart gas meter market. Unfurling smart cities plan is expected to boost the market. In addition, the market also finds itself driven by the increase in need for efficient energy usage, as energy crises surge, across the world.
The worldwide Smart Gas Meter market has been studied in segments to obtain a precise understanding of the market. The market has been segmented based on type of product and application. By type of product, the market is segmented into diaphragm gas meters, turbine gas meters, rotary gas meters, and other. The diaphragm gas meters segment is likely to gain a high traction for the global market during the assessment year. By application, the market is divided into commercial sector and residential.
By region, the market growth has been analyzed across North America, Europe, APAC, Middle East and Africa, and the Rest of the World (RoW). In North America, the Smart Gas Meter market is expected hold a sizable share of the global market.
North America remains the key investor of the market for Smart Gas Meter. MRFR reveals that the regional market is set to attain a valuation of USD 700 Mn by the end of the forecast period. Government policy mandates and tax relaxation and likely to be key influencers for the regional smart gas meter market. The United States smart gas meter market is noted to hold immense potential to proliferate in the coming years. The presence of multiple manufacturers in the US is likely to bolster the market growth. The market in the APAC region is poised to experience a quick-paced growth in the years to come. This is attributable to causes, such as increase in efforts by regional governments to mandate policies and rollout smart city plans. The rise in residential gas subscriptions to settle residential heating needs is boosting the demand for Smart Gas Meter across the APAC countries, which can propel the market growth. in the years to come.
The diversification in the product portfolio of market players is significantly contributing to the expansion the market. Players are expanding their offshore operations and the increase in their market share is noted to bolster the market expansion. Organizations are focusing on the development of strategies that assure long-term benefits, which can enhance their financial liquidity.
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Key Table of Content:
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
4.5 Market Trends
List of Tables:
Table 1 Global Smart Gas Meter Market: By Region, 2018-2023
Table 2 North America Smart Gas Meter Market: By Country, 2018-2023
Table 3 Europe Smart Gas Meter Market: By Country, 2018-2023
Table 4 Asia-Pacific Smart Gas Meter Market: By Country, 2018-2023
Table 5 Middle East & Africa Smart Gas Meter Market: By Country, 2018-2023
Table 6 Middle East & Africa Smart Gas Meter Market: By Country, 2018-2023
Table 7 South America Smart Gas Meter Market: By Country, 2018-2023
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