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U.S. Smart Gas Metering Systems Market to cross 20 million units of annual installation by 2024

Author : Ronak Bora | Published Date : 2019-06-03 

Smart Gas Metering Systems Market in U.S. is predicted to exhibit lucrative growth over the forecast period. Introduction of several state rollout programs and legislative directives for the deployment of smart gas systems will positively drive the industry outlook. In 2013, the U.S. Department of Energy (DOE), through its American Recovery and Reinvestment Act (ARRA) funded the installation of smart grid technologies in the country

Japan smart gas metering systems market is set to witness high growth owing to subsequent growing consumer interest toward billing transparency coupled with modernization of conventional metering infrastructure. For instance, Ministry of Economy, Trade and Industry (METI) has undertaken initiatives to install smart meters by 2020 in Japan.

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AMR smart gas metering systems market will witness robust growth on account of its ability to remotely monitor energy usage. Increased profitability, easy availability, low installation cost and affordable maintenance are some of the significant parameters which will boost the product adoption.

A fundamental vertical of the sustainable & smart technologies industry space, smart gas metering systems market has evolved as a highly lucrative business sphere. The increasing consciousness regarding energy conservation and saving has triggered the adoption of next-generation technologies that have outdone the traditional utilities used across the electricity sector. This paradigm shift has been taken note of duly by regional governments and regulatory bodies as well, that have been striving by the hour to adopt energy saving devices. Indeed, many regional governments have already begun to implement IoT based gas metering techniques across residential and commercial sectors, providing a major impetus to the overall smart gas metering systems industry outlook.

Growing measures toward optimizing operational efficiencies of utilities to address escalating consumer demand will propel the smart gas metering systems market. Ability to offer improved assets management and real-time consumption information will further strengthen the product demand. Increasing consumer affinity toward shared infrastructure communication for gas meters will further fuel the industry growth.

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Utility smart gas metering systems market is anticipated to witness growth owing to rising measures toward reduction of theft. Effective expansion of gas distribution facilities catering to the growing population base will further enhance the product penetration. Modernization of critical metering infrastructure to reduce operational expenditures and optimize operations will further boost the product demand.

Implementation of favorable government mandates and fiscal incentives toward intelligent gas meter deployment for accurate measurement of gas consumption patterns will boost the global smart gas metering systems market. In 2016, the Federal Council of Germany introduced the Digitization of the Energy Turnaround Act that stipulates all EU member states to equip 80% of its customers with smart meters by 2020.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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