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Smart Gas Meter Industry 2019Description:-
A Smart Gas Meter is a type of gas meter that can send information about the gas uses and meter reading digitally to the service providers. The in-home display facility of smart gas meters helps the consumers to get accurate gas bills and understand the pattern of energy usages. The meter is quite popular in different parts of the world for its accurate monitoring skill. It provides superior control of gas consumption, as a result, people are adopting the Smart Gas Meter in
multiple business sectors and for domestic usage. It resolves problems related to extensive and unaccounted consumption of natural gases with ease.
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Major Key Players Analysis
Some of the major players in the global smart gas meters market include companies like Aclara Technologies LLC (U.S.), Honeywell International Inc. (U.S.), Landis+Gyr (Switzerland), Xylem, Inc. (U.S.), Itron Inc. (U.S.), Zenner (Germany), MeteRSit (Italy), Flonidan A/S (Denmark), EDMI (Singapore), Apator Group (Poland), DIEHL Metering (Germany), among others.
In the global smart meter market, the electric meter is leading the industry followed by gas meter and water meter. The continues investment in smart grid projects, government initiatives and the demand for efficient energy uses are driving factors for the rapid growth of the industry. According to the forecast, the global market of Smart Gas Meter is expected to show a high Compound Annual Growth Rate (CAGR) of 6.60% during the forecast period. In the year 2017, the global market of smart gas meters valued more than 1,900 million USD and expected to reach a new height in the near future.
Market Segmentation of Gas Meter Market
The global market of Smart Gas Meter can be segmented on the basis of Application, Product and Region.
By Application, the market can be segmented into industrial, commercial and residential applications.
By Product, the global market can be divided into diaphragm gas meters, turbine gas meters and rotary gas meters.
Geographical Market Segmentation of Gas Meter Market
The geographical market segmentation of Smart Gas Meter includes regions like North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Some of the focused countries are France, Netherlands, Australia, Korea, Belgium, Russia, Singapore, South Africa, Malaysia, Thailand, the Philippines, Germany, the UK, India, Indonesia, Brazil, Argentina, China, Japan, the USA, Canada, Brazil, Mexico, Italy, Spain, UAE and Saudi Arabia
Globally, Europe and North America region are leading the market share. North America region alone is expected to reach 700 million USD by 2024 owing to the presence of several key manufacturers in the region. The Indo Pacific region is anticipated to show a high growth rate due to the initiative taken by the various governments in the region. Countries like India and China is expected to become a manufacturing hub due to government initiatives like Make in India and Made in China 2025.
Latest News from Global Gas Meter Market
The smart meter is a handy solution to know the exact bill amount and ensures efficient use of energy. Due to the rapid innovation in technology, scientist circles introduced a new smart meter which can measure gas, water and electric consumption. Now companies are working on the compatibility for the home-generated renewable energy source like solar energy. In the near future, one can see a single device to measure all the energy consumption in an institution or home.
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Table of Contents – Major Key Points
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global Smart Gas Meters Market, By Product
6 Global Smart Gas Meters Market, By Application
7 Global Smart Gas Meters Market, By Region
Continued…..
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