Smart Gas Meter Market 2024-2030 | Size, Demand, Key Players, Growth and Forecast – MarkNtel
According to MarkNtel Advisors who is a leading consulting,
data analytics, and market research firm that provides an extensive range of
strategic reports on diverse industry verticals. Recently released a report on Smart Gas Meter Market
- Industry Trends and
Forecast to 2030 and provides a comprehensive analysis of the current and
future market conditions. The market research insights offered in this report
enhance understanding of the market landscape, potential challenges, and
strategies to establish a strong brand presence. With detailed market
segmentation, in-depth analysis of key players, examination of consumer and
supply chain trends, and exploration of new geographic markets, the insights
presented in this report simplify the effective marketing of products and
services.
Global Smart Gas Meter Market Analysis and Size
The Global Smart Gas Meter Market size is expected to be valued at around USD 6.5 billion in 2023 and is estimated to grow at a CAGR of about 6% during the forecast period, i.e., 2024-30
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Some of the major players operating in the Smart Gas Meter Market are Itron, Elster, Pietro Fiorentini, Landis+Gyr, AEM, Meter Italia, Flonidan, Yazaki, Secure, Aichi Tokei Denki and Other
Global Smart Gas Meter Market Driver:
Shift Towards Clean Energy to Supplement Smart Gas Meter Deployment – The growing preference for cleaner energy sources has led to heightened natural gas demand across diverse end-user sectors. This increased demand, supported by governmental initiatives to bolster gas utilization, has been a driving force behind the Smart Gas Meter Market's expansion.
Moreover, as per a Smart Energy GB
survey on energy consumption in the UK, 86% of households equipped with smart
meters have significantly adjusted their energy-saving habits. These behavioral
shifts in energy consumption play a pivotal role in reducing energy emissions,
thereby fostering growth in the market. Consequently, numerous suppliers are now
advocating smart meter installations, often coupled with tailored tariff plans
for residential usage, instigating market growth.
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Market Segment and Geographical Analysis
-By Technology
-Automated Meter Reading (AMR)
-Advanced Metering Infrastructure (AMI)
-Standard (non-AMR/AMI) Meters
-By Region
-North America
-South America
-Europe
-Middle East and Africa
-Asia Pacific
-By Component
-Hardware
-Software
-By End User
-Municipal
-Commercial
-Industrial
-Residential
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