Smart Gas Meters Market: Growing Need for Efficient Energy Usage Driving Smart Gas Meter Installations

Overview

The global smart gas meter market is projected to grow at a high CAGR during the forecast period. As per the smart gas meter market research report, the global market for smart gas meter is projected to grow swiftly by US$3.07 billion by 2024. According to analysts, supporting government policies as well as growth of communication network infrastructure will drive the market growth during the forecast period. The smart gas meter market research report offers a comprehensive analysis of the global smart gas meter market and its product and application segments. The economic slowdowns along with supply issues due to halted production are the elements that could influence the smart gas meter market advancement throughout the forecast period. The smart gas meter market research report by expert analysts is developed to assist organizations in the smart gas meter market.

Market Segmentation

The global smart gas meter market has been segmented based on product and application. On the basis of product, the market for smart gas meter is segmented based on rotary gas meters, turbine gas meters, and diaphragm gas meters. Additionally, the market on the basis of application, is segmented into commercial, industrial, and diaphragm residential.

Major elements such as slow demand for metering infrastructure could obstruct the smart gas meter market growth. However, according to the smart gas meter market research report, fast development of advanced metering infrastructure along with incorporation of renewable resources will propel growth throughout the forecast period. The smart gas meter market is set to register growth at a high CAGR owing to these key factors. The exploration of product and application segments along with regional markets has been given in the global smart gas meter market research report. The research analysts studying the smart gas meter market have put out market forecasts in the smart gas meter market research report in order to support smart gas meter market-based companies. The smart gas meter market research report provides an extensive understanding of the smart gas meter market based on the information and forecasts till 2024.

Regional Overview

North America, Europe, Asia Pacific and the rest of the world regional market for smart gas meter are predominantly covered in the global smart gas meter market research report. Country-level smart gas meter markets spread across North America – the United States, Canada, and Mexico are also covered in the report. In South America – Brazil and other country-level smart gas meter markets are covered in the report. In Asia-Pacific (APAC) region, the country-level smart gas meter markets covered are Japan, India, China, and others. The smart gas meter market research report also explores the regional market for smart gas meter present in Europe in the United Kingdom, France, Italy, Spain, and Germany, etc. The smart gas meter market research report also covers regional markets from the rest of the world alongside smart gas meter markets of Africa and the Middle East.

Competitive Landscape

Consumer energy efficiency and quality of service are presumed to drive the smart gas meter market growth worldwide. The global smart gas meter market could be challenged by high cost, nevertheless, organizations in the smart gas meter market will carry the growth rate forward. The smart gas meter market research report presents company profiles of major companies active in the smart gas meter market globally. Furthermore, the global smart gas meter market report offers an all-inclusive analysis of the market collected from the smart gas meter market’s primary and secondary sources covering both decision makers and thought leaders. The smart gas meter market research report highlights such key areas assisting businesses operating in the smart gas meter market to build better growth strategies.

Industry News

The Public Service Electric and Gas Co. was granted Thursday the authorisation, which it has said will increase its energy efficiency and ecosystem, to spend $700 million over four years implementing smart meters for its 2,3 billion customers. The New Jersey Public Services Boards approved the planned installation of digital wireless devices for two-way communications between customers and the network of the company. The gadgets provide real-time meter readings and improved outage management. They also allow utilities to shut off or turn on a customer’s power with the flip of a switch at a central utility station.