Smart Gas Meter Market Demand, Drivers and Opportunities 2024-2030
Markntel Advisors’ report, Smart Gas Meter Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Smart Gas Meter presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Smart Gas Meter Market Research Report & Market Summary:
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. The surge in global natural gas demand, coupled with growing end-user interest in detailed data, is the key aspect contributing to market expansion. Wide-scale adoption of smart gas meters significantly enhances grid and distribution operations by enabling seamless communication among different smart meters. With these meters integrated into gas heating systems, there’s a tangible reduction in fuel consumption, indirectly fostering the development of a fully automated grid system. These advancements are projected to expedite the rollout of smart gas meters.
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Smart Gas Meter Market Dynamics:
Key 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.
Smart Gas Meter Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Technology
- Automated Meter Reading (AMR)
- Advanced Metering Infrastructure (AMI)
- Standard (non-AMR/AMI) Meters
During the forecast period, the Automated Metering Infrastructure (AMI) segment is expected to be the fastest-growing sector within the Smart Gas Meter Market.
By Region
- North America
- South America
- Europe
- Middle East and Africa
- Asia Pacific
By Component
- Hardware
- Software
By End User
- Municipal
- Commercial
- Industrial
- Residential.
Europe dominates the Smart Gas Meter Market, with the UK leading among European nations due to robust government initiatives supporting widespread energy meter deployment.
As indicated in the latest market research report published by Markntel Advisors, “Smart Gas Meter Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Smart Gas Meter industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/global-smart-gas-meter-market.html
Top Companies Operating in the Smart Gas Meter Market:
- Itron
- Elster
- Pietro Fiorentini
- Landis+Gyr
- AEM
- Meter Italia
- Flonidan
- Yazaki
- Secure
- Aichi Tokei Denki.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Smart Gas Meter Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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