Smart Gas Meter

Smart gas meters are increasingly being used instead of conventional meters. Smart gas meters are helpful tools for end users as it provides energy efficiency and easy monitoring. Smart meters offer two-way communication between the meter and the central system. Owing to the numerous advantages over traditional gas meters, including energy efficiency and conservation, the global smart gas meters market has witnessed significant growth in recent times. The smart gas meter market size is projected to reach USD 9,614.6 million by 2025 from an estimated USD 5,048.4 million, with 9.67% CAGR from 2019 to 2025. Significant increase in government roll-out of smart gas meters for residential and commercial applications (relatively controlled) in recent times to spread awareness regarding smart and efficient use and production of energy has been a key growth factor for the smart gas meter market. EU alone has made significant strides in the government rollouts with 1.5 million smart gas meters already installed in households. Major players such as Elster, GE Energy, Itron, Landis+Gyr, and Sensus are playing a significant role in the development of infrastructure required for the implementation of smart grids at ground level. However, one of the major problems related to smart gas meters is its adaptability. Most of the smart gas meters are effectively trapped with their energy supplier. The gadgets are supposed to record household energy use every 30 minutes and send this information directly to energy companies, meaning customers pay only for the energy they use. The smart meters installed in the households are not adaptable to the rival supplier’s connections. Switching suppliers would result in the meter being no longer smart but would revert to an inefficient mode, which is no different from the traditional meters the end users have been using for decades. Lack of infrastructure has been a key factor restraining the growth of the market. The global smart meter market has been segmented based on type, product, and application. Based on type, the global market is divided into automatic meter reading and advanced metering infrastructure. The automatic meter segment is expected to hold the larger market share in the global market during the forecast period.   Based on product, the global market is segmented into diaphragm smart gas meters, turbine smart gas meters, rotary piston smart gas meter, and others. The diaphragm gas meter segment is estimated to have the largest market share during the forecast period. Diaphragm gas meters integrate traditional meters with current technologies, making them easier to implement with the added advantage of accuracy, cementing its leading position. Based on application, the global market is segmented residential, commercial, and industrial. The residential segment is expected to dominate the global smart gas meter market during the forecast period due to its high application in the residential segment. Smart gas meters provide high accuracy and efficient consumption of gas. Regional Analysis Based on region, the global smart gas meter market is segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America. Both North America and Europe are estimated to hold a dominating share within the smart gas meter market. The US is a major market for smart gas meters. Government policy mandates and fiscal incentives have been the primary drivers for the demand for the market in the country. Additionally, the US hosts more than 30 electric and gas companies with fully implemented smart meters. Over 50% of the households in the country use smart meters, with the deployments expected to reach 90 million by 2020. The rapid implementation of this technology has put North America on track to be the fastest-growing market during the forecast period. Europe is expected to have the fastest growth in the next half a decade owing to the expansion of the smart grid network in the region. However, Asia-Pacific is also projected to register a considerably high growth rate during the forecast period. For instance, the Government of India initiated a plan for developing smart cities, which will contribute towards the growth of the smart gas meters market in the region during the forecast period. Market Segmentation Key Players The key players of the global smart gas meter market are Landis+Gyr (Switzerland), Itron Inc. (US), Apator Group (Poland), Elster Group GmbH (US), FLONIDAN A/S (Denmark), Diehl Stiftung & Co. KG (U.K.), Raychem RPG (India), Sensus (US), Master Meter (US), MeteRSit (Italy). Dandong Dongfa Group Co. Ltd. (China), EDMI Limited (Singapore), Zenner (Germany), Aclara Technologies LLC. (US), and Chongqing Shancheng Gas Equipment Co. Ltd (China). Intended Audience household energy use every 30 minutes and send this information directly to energy companies, meaning customers pay only for the energy they use. The smart meters installed in the households are not adaptable to the rival supplier’s connections. Switching suppliers would result in the meter being no longer smart but would revert to an inefficient mode, which is no different from the traditional meters the end users have been using for decades. Lack of infrastructure has been a key factor restraining the growth of the market.

• Distributor & supplier companies
• End users
• Consultants and investment bankers
• Government and independent regulatory authorities

• Product matrix, which gives a detailed comparison of the market for different recycled product types

• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators

• Profiling of Key Market Players
• In-Depth Analysis Including SWOT Analysis and Strategy Information Related to Report Title
• Competitive Landscape Including Emerging Trends Adopted by Major Companies