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Smart Gas Metering Systems Market Study by Future Growth and Revenue Forecast over 2020 – 2024

Author : Ronak Bora | Published Date : 2020-09-10 

Smart gas metering systems market from utilities is predicted to witness growth on account of efficient expansion of gas networks to cater the rising population index. Efforts to reduce energy costs coupled with increasing focus toward infrastructure restructuring will stimulate the product adoption during the forecast timeframe.

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.

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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.

UK smart gas metering systems market will witness growth on account of government rollout programs facilitating the deployment of intelligent meters. Active regulatory compliances pertaining to environmental conservation will further enhance the industry outlook. For instance, in 2013, the government mandated rollout targets in European Union countries consisting Ireland, UK, Italy and Netherlands for the installation of 50 million smart gas meters by 2020.

Rising measures to mitigate increasing fuel prices coupled with government legislations toward sustainable energy development will enhance the smart gas metering systems market. Increasing adoption of smart grid technologies along with the need to restructure gas pipeline networks will further propel the business landscape.

Given that energy conservation has emerged as a major global issue of concern, smart gas meters have been forecast to help toward building an efficient energy network in the near future. Having recognized their potential, numerous governments, have started deploying high-tech smart meters in order to provide the benefits of clean energy products and digital technologies to grid operators and homeowners. The British government has been particularly proactive in this regard, and even plans to deploy next-generation smart gas meters for individual household usage. This installation is certain to help consumers monitor energy supply and tariff for time-based energy usage.

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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Key players operating in the smart gas metering systems market include: Itron, Landis+GYR, Siemens, Sensus Sentec, Badger Meter, Osaki Electric, Neptune, Honeywell International, Raychem and Schneider Electric.

Table of Contents (ToC) of the report:

Chapter 1    Methodology & Scope

1.1     Methodology

1.1.1    Initial data exploration

1.1.2    Statistical model and forecast

1.1.3    Industry insights and validation

1.1.4    Market definition and forecast parameters

1.2     Data sources

1.2.1    Secondary

1.2.2    Primary

Chapter 2    Executive Summary

2.1     Smart gas metering systems industry 3600 synopsis, 2013 - 2024

2.1.1    Business trends

2.1.2    Technology trends

2.1.3    Application trends

2.1.4    Regional trends

Chapter 3    Smart Gas Metering Systems Market Insights

3.1     Industry segmentation

3.2     Industry landscape, 2013 – 2024 (USD Million)

3.3     Industry ecosystem analysis

3.3.1    Vendor Matrix

3.4     Innovation & sustainability

3.5     Regulatory landscape

3.5.1    U.S.

3.5.2    UK

3.5.3    Germany

3.5.4    France

3.5.5    Ireland

3.5.6    Netherlands

3.5.6.1    Legal and Regulatory Status

3.5.6.2    Implementation Status

3.5.7    Luxembourg

3.5.7.1    Legal and Regulatory Status

3.5.7.2    Implementation Status

3.5.8    Italy

3.5.8.1    Legal and regulatory status

3.5.9    Japan

3.6     Industry impact forces

3.6.1    Growth drivers

3.6.1.1    Favorable government directive

3.6.1.2    Energy conservation

3.6.1.3    Workforce management and operational efficiency

3.6.1.4    Improved customer service and billing accuracy

3.6.2    Industry pitfalls & challenges

3.6.2.1    Privacy concerns

3.6.2.2    Volatile pricing index

3.7     Growth potential analysis

3.8     Price trend analysis

3.8.1    AMI price trend, by region

3.8.2    AMR price trend, by region

3.9     Consumer requirements

3.10    Technology landscape and trends

3.10.1    Automatic Meter Infrastructure (AMI)

3.10.2    Automatic Meter Reading (AMR)

3.11    Porter’s analysis

3.12    Competitive landscape, 2016

3.12.1    Strategy dashboard

3.12.1.1     Itron

3.12.1.2     Honeywell

3.12.1.3     EDMI

3.12.1.4     Xylem

3.12.2    Mergers & acquisitions

3.13    PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/smart-gas-metering-systems-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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. [email protected] | https://twitter.com/RonakBora26

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