Smart Gas Meter Market 2019 Global Research Report- Forecast to 2024 is in-depth research on Global Smart Gas Meter Industry, comprises comprehensive data on Global Smart Gas Meter Market Size, Share, Trends, Key Players, Growth Statistics, with historic and forecast data up to 2024. For better easy understanding this report segments Smart Gas Meter Global Market by Product (Diaphragm, Turbine, Rotary Piston And Others), Application (Residential, Commercial And Industrial), Region (North America, Europe, APAC, RoW).
The report offers insights on the leading market players and evaluates their current market share. Company information with regards to revenue, segmental share, geographical income, SWOT, growth strategies, new product launch, M&A activities, and the latest R&D initiatives is also available in the report.
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Smart Gas Meter Industry Key Companies Analyzed:
The most significant players enlisted in the MRFR report are Apator Group (Poland), EDMI Limited (Singapore), Dandong Dongfa Group Co. Ltd. (China), Itron Inc. (U.S.), Raychem RPG (India), Landis+Gyr (Switzerland), Diehl Metering (U.K.), Honeywell International, Inc. (U.S.), Sensus (U.S.), to name a few.
Europe and North America to be the Most Dynamic Markets for Smart Gas Meter. Increasing Safety Concerns to Boost the Growth of Smart Meter Market. Market Research Future (MRFR) expects the global market for smart gas meter to capture a robust growth rate of 6.60% from 2018 to 2024, which is the forecast period.
Top Market Drivers and Main Barriers:
Smart gas meters are extensively used for automatically calculating basic parameters like volume, temperature, and pressure of the gas that flows within the pipeline. Deployment of smart gas meter in commercial, residential and industrial spaces is touted to be a big step towards giving access to gas for everyone. Standards, as well as policies issued by governments, have been pushing the smart gas meter market towards the worldwide GDP, in addition to the increasing number of collaborations between gas exploring vendors and the smart gas meter manufacturers.
The smart gas meter market can also proceed further with strong support from the fact that has been no discrepancy in gas meters and this can be the case in the forthcoming years. Other than this, the mounting safety concerns, as well as standards, is giving a significant boost to the growth of the global smart gas meter market.
Furthermore, the demand for smart gas meters can mount exponentially in the next couple of years, given the rising number of strict government regulations, increasing urbanization, and the boosted demand for gas. But, few complications can be expected in the form of high maintenance cost, which can work against the market demand during the review period. With that said, data experts assure that the market projects remarkable growth prospects, since the investments in digitalization of gas distribution channels is expanding significantly.
The product type as well as the application have been identified as the primary segments in the MRFR report, for the smart gas meter market.
The types of products mentioned in the report are diaphragm gas meters, turbine gas meters, rotary gas meters, and other. Between these, the diaphragm gas meter segment can be the most lucrative in the coming years.
Application-based market segments are residential and commercial sectors.
The market for smart gas meter has been categorized with regard to primary regions of Asia Pacific (APAC), Africa, North America, Middle East, Europe coupled with the Rest of the World (RoW).
North America along with Europe, forms the largest market for smart gas meter. North America is expected to retain its prominence in the coming years and can be worth more than USD 700 Mn during the review period. Fiscal incentives as well as government policy mandates are believed to be the chief influencers in the growth of the smart gas meter market in North America. The United States (US) houses a massive number of manufacturers, which works in favor of the regional market. A large chunk of the investor-owned utilities in the region is either fully deployed or in planning phases, with a second wave of deployment expected to emerge in the years to come. The penetration rate of the smart meters in the region is currently close to 60 percent and can surge to almost 81 percent by 2024, given the high number of large investor-owned utility projects.
The APAC market for smart gas meter is poised to note the fastest growth in the next few years. The highly dynamic market can witness a large wave of smart metering projects being launched in the first half of this decade, with many of the major utilities getting ready for a second wave of deployment, because of latest smart meter functionalities combined with smart energy use cases.
Global Smart gas meter Market Competitive Analysis
The Global Smart gas meter industry is well-established space witnessing several innovations. The market is competitive yet fragmented. The competition in the market is expected to intensify further during the review period. The Key players operating in this market emphasis upon the product innovation and new manufacturing processes which in turn, is anticipated to fuel the already intensified competition during the forecast period. Smart gas meter global market demonstrates high growth prospect, which is turn, is attracting several new entrants to the market which is apparently anticipated to intensify the market competition.
Market Research Future (MRFR) leverages its in-house network of expert analysts who, with the help of robust algorithms and fail-safes methodologies derive reliable and insightful market forecast. The market facts presented in our reports are backed by primary and secondary research inputs, which include interviews with industry opinion holders, questionnaires, surveys, SEC filings, whitepaper references, and, annual reports published. Top-down and bottom-up approaches are employed to ensure the credibility of the market foresight. Our analysts evaluate every microeconomic and macroeconomic factor associated with the market for a reliable assessment of the changing trends. A multi-layer verification process validates the authenticity of our research findings. MRFR strives to reveal market opportunities and threats for enabling our clients to devise their next growth strategy.
Major 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
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