1 Executive Summary
2 Market Introduction
2.1 Definition 16
2.2 The Scope Of The Study 16
2.3 List Of Assumptions 17
2.4 Market Structure 17
2.5 Key Takeaways 18
3 Research Methodology
3.1 Research Process 20
3.2 Primary Research 20
3.3 Secondary Research 21
3.4 Market Size Estimation 21
3.5 Forecast Model 22
4 Market Dynamics
4.1 Introduction 24
4.2 Drivers 24
4.2.1 Government Roll Outs 24
4.2.2 Increasing Investment In Smart Grid Projects 25
4.2.3 Drivers Impact Analysis 26
4.3 Restraints 27
4.3.1 Adaptability Of Smart Gas Meters 27
4.3.2 Lack Of Awareness 27
4.3.3 Restraints Impact Analysis 27
4.4 Opportunity 28
4.4.1 Needs For Efficient Energy Usage 28
4.5 Supply Chain 28
4.6 Porter's Five Forces Analysis 29
4.6.1 Threat Of New Entrants 30
4.6.2 Bargaining Power Of Suppliers 30
4.6.3 Bargaining Power Of Buyers 30
4.6.4 Threat Of Substitutes 30
4.6.5 Rivalry 30
5 Global Smart Gas Meters Market, By Product
5.1 Overview 32
5.1.1 Diaphragm Gas Meters 33
5.1.2 Turbine Gas Meters 33
5.1.3 Rotary Gas Meters 33
5.1.4 Other 33
6 Global Smart Gas Meters Market, By Application
6.1 Overview 35
6.1.1 Residential 36
6.1.2 Commercial 36
6.1.3 Industrial 36
7 Global Smart Gas Meters Market, By Region
7.1 Overview 38
7.2 North America 39
7.2.1 U.S. 41
7.2.2 Canada 42
7.3 Europe 43
7.3.1 Germany 45
7.3.2 U.K 46
7.3.3 France 47
7.3.4 Italy 48
7.3.5 Rest Of Europe 49
7.4 Asia Pacific 50
7.4.1 China 52
7.4.2 Japan 53
7.4.3 India 54
7.4.4 Australia 55
7.4.5 Rest Of Asia Pacific 56
7.5 Rest Of The World 57
7.5.1 Middle East & Africa 59
7.5.2 Latin America 60
8 Competitive Landscape
8.1 Competitive Scenario 62
8.2 Market Share Analysis 63
9 Company Profiles
9.1 Schneider Electric 65
9.1.1 Company Overview 65
9.1.2 Financial Overview 65
9.1.3 Product Offerings 66
9.1.4 Key Developments 66
9.1.5 SWOT Analysis 66
9.1.6 Key Strategy 67
9.2 LANDIS+GYR 68
9.2.1 Company Overview 68
9.2.2 Financial Overview 68
9.2.3 Products Offerings 69
9.2.4 Key Development 69
9.2.5 SWOT Analysis 69
9.2.6 Key Strategy 69
9.3 Xylem Inc. 70
9.3.1 Company Overview 70
9.3.2 Financial Overview 70
9.3.3 Products Offerings 71
9.3.4 Key Development 71
9.3.5 SWOT Analysis 71
9.3.6 Key Strategy 72
9.4 Honeywell International Inc. 73
9.4.1 Company Overview 73
9.4.2 Financial Overview 73
9.4.3 Products Offerings 74
9.4.4 Key Developments 74
9.4.5 SWOT Analysis 74
9.4.6 Key Strategy 74
9.5 Itron, Inc. 75
9.5.1 Company Overview 75
9.5.2 Financial Overview 75
9.5.3 Product Offerings 76
9.5.4 Key Development 76
9.5.5 SWOT Analysis 76
9.5.6 Key Strategy 77
9.6 EDMI 78
9.6.1 Company Overview 78
9.6.2 Financial Overview 78
9.6.3 Product Offerings 78
9.6.4 Key Development 79
9.6.5 SWOT Analysis 79
9.6.6 Key Strategy 79
9.7 Aclara Technologies LLC 80
9.7.1 Company Overview 80
9.7.2 Financial Overview 80
9.7.3 Product Offerings 80
9.7.4 Key Developments 80
9.7.5 Key Strategy 80
9.8 Apator S.A. 82
9.8.1 Company Overview 82
9.8.2 Financial Overview 82
9.8.3 Products Offerings 82
9.8.4 Key Development 82
9.8.5 Key Strategy 83
9.9 DIEHL METERING GMBH 84
9.9.1 Company Overview 84
9.9.2 Financial Overview 84
9.9.3 Products Offerings 84
9.9.4 Key Strategy 85
9.10 Flonidan A/S 86
9.10.1 Company Overview 86
9.10.2 Financial Overview 86
9.10.3 Product Offerings 86
9.10.4 Key Strategy 87
9.11 Zenner 88
9.11.1 Company Overview 88
9.11.2 Financial Overview 88
9.11.3 Product Offerings 88
9.11.4 Product Offerings 89
9.11.5 Key Strategy 89
9.12 MeteRsit 90
9.12.1 Company Overview 90
9.12.2 Financial Overview 90
9.12.3 Product Offerings 90
9.12.4 Key Strategy 90
10.1 References 92
11 List Of Tables
TABLE 1 MARKET SYNOPSIS 14
TABLE 2 LIST OF ASSUMPTIONS 17
TABLE 3 GLOBAL SMART GAS METERS MARKET, BY PRODUCT, 2020–2027 (USD MILLION) 32
TABLE 4 GLOBAL SMART GAS METERS MARKET, BY APPLICATION, 2020–2027 (USD MILLION) 35
TABLE 5 GLOBAL SMART GAS METERS MARKET, BY REGION, 2020-2027 (USD MILLION) 38
TABLE 6 NORTH AMERICA: SMART GAS METERS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 39
TABLE 7 NORTH AMERICA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 39
TABLE 8 NORTH AMERICA: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 40
TABLE 9 U.S.: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 41
TABLE 10 U.S.: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 41
TABLE 11 CANADA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 42
TABLE 12 CANADA: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 42
TABLE 13 EUROPE: SMART GAS METERS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 43
TABLE 14 EUROPE: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 44
TABLE 15 EUROPE: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 44
TABLE 16 GERMANY: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 45
TABLE 17 GERMANY: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 45
TABLE 18 U.K: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 46
TABLE 19 U.K: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 46
TABLE 20 FRANCE: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 47
TABLE 21 FRANCE: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 47
TABLE 22 ITALY: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 48
TABLE 23 ITALY: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 48
TABLE 24 REST OF EUROPE: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 49
TABLE 25 REST OF EUROPE: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 49
TABLE 26 ASIA PACIFIC: SMART GAS METERS MARKET, BY COUNTRY, 2020-2027 (USD MILLION) 50
TABLE 27 ASIA PACIFIC: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 51
TABLE 28 ASIA PACIFIC: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 51
TABLE 29 CHINA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 52
TABLE 30 CHINA: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 52
TABLE 31 JAPAN: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 53
TABLE 32 JAPAN: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 53
TABLE 33 INDIA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 54
TABLE 34 INDIA: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 54
TABLE 35 AUSTRALIA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 55
TABLE 36 AUSTRALIA: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 55
TABLE 37 REST OF ASIA PACIFIC: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 56
TABLE 38 REST OF ASIA PACIFIC: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 56
TABLE 39 REST OF THE WORLD: SMART GAS METERS MARKET, BY REGION, 2020-2027 (USD MILLION) 57
TABLE 40 REST OF THE WORLD: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 57
TABLE 41 REST OF THE WORLD: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 58
TABLE 42 MIDDLE EAST & AFRICA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 59
TABLE 43 MIDDLE EAST & AFRICA: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 59
TABLE 44 LATIN AMERICA: SMART GAS METERS MARKET, BY PRODUCT, 2020-2027 (USD MILLION) 60
TABLE 45 LATIN AMERICA: SMART GAS METERS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 60
TABLE 46 SCHNEIDER ELECTRIC: PRODUCT OFFERINGS 66
TABLE 47 LANDIS+GYR: PRODUCT OFFERINGS 69
TABLE 48 XYLEM INC.: PRODUCT OFFERINGS 71
TABLE 49 HONEYWELL INTERNATIONAL INC.: PRODUCT OFFERINGS 74
TABLE 50 ITRON INC.: PRODUCT OFFERINGS 76
TABLE 51 ITRON INC.: PRODUCT OFFERINGS 76
TABLE 52 EDMI: PRODUCT OFFERINGS 78
TABLE 53 EDMI: PRODUCT OFFERINGS 79
TABLE 54 ACLARA TECHNOLOGIES LLC.: PRODUCT OFFERINGS 80
TABLE 55 ACLARA TECHNOLOGIES LLC.: PRODUCT OFFERINGS 80
TABLE 56 APATOR S.A.: PRODUCT OFFERINGS 82
TABLE 57 APATOR S.A.: PRODUCT OFFERINGS 82
TABLE 58 DIEHL METERING GMBH: PRODUCT OFFERINGS 84
TABLE 59 FLONIDAN A/S: KEY DEVELOPMENT, 2020 86
TABLE 60 ZENNER: PRODUCT OFFERINGS 88
TABLE 61 ZENNER: PRODUCT OFFERINGS 89
TABLE 62 METERSIT: PRODUCT OFFERINGS 90
12 List Of Figures
FIGURE 1 GLOBAL SMART GAS METERS MARKET: MARKET STRUCTURE 17
FIGURE 2 KEY TAKEAWAYS FROM SMART GAS METERS MARKET 18
FIGURE 3 RESEARCH PROCESS OF MRFR 20
FIGURE 4 TOP DOWN & BOTTOM UP APPROACH 21
FIGURE 5 DRO ANALYSIS OF GLOBAL SMART GAS METERS MARKET 24
FIGURE 6 NUMBER OF SMART GAS METERS INSTALLED IN GREAT BRITAIN 25
FIGURE 7 FIGURE DRIVERS IMPACT ANALYSIS, 2020-2027 26
FIGURE 8 RESTRAINTS IMPACT ANALYSIS, 2020-2027 27
FIGURE 9 SUPPLY CHAIN: GLOBAL SMART GAS METERS MARKET 28
FIGURE 10 PORTER'S FIVE FORCES ANALYSIS OF GLOBAL SMART GAS METERS MARKET 29
FIGURE 11 GLOBAL SMART GAS METERS MARKET, BY PRODUCT, 2020 (IN %) 32
FIGURE 12 GLOBAL SMART GAS METERS MARKET, BY APPLICATION, 2020 (IN %) 35
FIGURE 13 GLOBAL SMART GAS METERS MARKET SHARE, BY REGION, 2020 (% SHARE) 38
FIGURE 14 NORTH AMERICAS: SMART GAS METERS MARKET SHARE, BY COUNTRY, 2020 (IN %) 39
FIGURE 15 EUROPE: SMART GAS METERS MARKET SHARE, BY COUNTRY, 2020 (IN %) 43
FIGURE 16 ASIA PACIFIC: SMART GAS METERS MARKET SHARE, BY COUNTRY, 2020 (IN %) 50
FIGURE 17 REST OF THE WORLD: SMART GAS METERS MARKET SHARE, BY REGION, 2020 (IN %) 57
FIGURE 18 GROWTH STRATEGIES ADOPTED BY KEY PLAYERS IN GLOBAL SMART METERS MARKET, 2020, (% SHARE) 62
FIGURE 19 TOP 5 SMART GAS METERS MANUFACTURERS MARKET SHARE ANALYSIS, KEY PLAYERS, 2020 (%) 63
FIGURE 20 TOP 3 SMART GAS METERS MANUFACTURERS MARKET SHARE ANALYSIS, KEY PLAYERS, 2020 (%) 63
FIGURE 21 SCHNEIDER ELECTRIC: SWOT ANALYSIS 66
FIGURE 22 LANDIS+GYR: SWOT ANALYSIS 69
FIGURE 23 XYLEM INC: SWOT ANALYSIS 71
FIGURE 24 HONEYWELL INTERNATIONAL INC.: SWOT ANALYSIS 74
FIGURE 25 ITRON INC.: SWOT ANALYSIS 76
FIGURE 26 EDMI.: SWOT ANALYSIS 79
FIGURE 27 FLONIDAN A/S: PRODUCT OFFERINGS 86
Smart Gas Meter Market size is projected to be worth USD 3.55 Billion by 2027, registering a CAGR of 5.24% during the forecast period (2021 - 2027), The market was valued at USD 2.12 billion in 2020.
A smart gas meter share offers a clearer usage pattern and electric stockpile for client charging and system monitoring. Because of the rising popularity of electronics in many areas, the Global Smart Meters Market is expected to grow at a phenomenal rate. Because of their precision in displaying superior data, brilliant meters are fast displacing traditional meters. Market development is influenced by many factors, including monetary motivational pressures, appropriate public authority arrangements, and orders. Furthermore, the rise in public-sector initiatives to assist in the installation of smart meters in end-client domains such as modern, private, and commercial is accelerating the growth of the global smart meter market.
The smart gas meter has a major element driving the development of the keen meters market is the industry establishment of savvy meters, which comprises efforts made by the government to invigorate savvy meter executions in various areas. In addition, the volume of information available about the device's benefits and practical applications is accelerating market growth. Furthermore, with the increased use of energy around the world, concerns about environmental balance are directly increasing requests for a sustainable power age to eliminate pollution levels, which is another important explanation for Smart Gas Meter Market growth. Developing countries are expected to install a good amount of smart meters over the forecast period in the burgeoning smart meter market around the world, offering hitherto unimagined freedoms to smart meter customers.
In view of the most recent examination report, the smart gas meter Market Size esteem was USD 15,720 Million in the year 2017, and it is relied upon to be multiplied before the finish of 2023. Savvy meters are electronic gadgets that are utilized to record the data of electronic energy utilization, and alongside that, force factor, voltage level, and flows are likewise recorded. A smart gas meter Market Share gives more clear utilization conduct and electric stockpile for client charging and framework observing.
Worldwide Smart Meters Market is required to observe heavenly development because of the ascent popular for gadgets in each area. Brilliant meters are quickly supplanting customary meters because of their precision regarding demonstrating better data. There are various components affecting the development of the market, including monetary motivating forces, suitable arrangements of the public authority, and orders. Furthermost, the ascent in the ventures from the public authority to help the savvy meter establishment in the end-client areas like modern, private, and business are expanding the development of the worldwide keen meter market. The worldwide smart gas meter Market Revenue was $21.13 Billion in the year 2019; the high-level element in the savvy meters like programmed meter perusing and age of the bill is probably going to help the development of the market further.
This report contains all the data on the worldwide savvy meters statistical surveying and the market qualities. The smart gas meter Market Trends report likewise contains the perfection of elements, division, central participants, local investigation, and other significant variables. Furthermore, an itemized investigation of the worldwide keen meters market and figure to 2023 is additionally remembered for the report. The keen electric section represented the biggest piece of the pie in 2019, driven by the developing accentuation on unique valuing and mix of developing DER into the current force framework activities in locales like North America, Europe, and Asia Pacific. The future development of the portion can be credited to expanding interest for profoundly exact and exact estimation of utility utilization information for shoppers across end-clients like private, business, and mechanical areas.
Key players of the smart gas meter Market Growth are:
The smart gas meter Market share was extraordinarily influenced by the flare-up of COVID-19. Toward the beginning of the episode, the greatest impact looked at by many keen meter makers was supply issues because of ended creation. Because of lockdown measures, superfluous organizations, and the interest for private, business, and modern utilization of brilliant gas meters have been decreased. Therefore, the yield and supply of shrewd gas meters are getting back to ordinary levels. A few producers have started to see income recuperation.
While the COVID-19 pandemic has constrained the hands-on work of many significant keen metering ventures to end incidentally, the market is as yet expected to stay versatile, with the all-out number of shipments of keen gas meters generally unaltered for more than three years. In spite of monetary log jams, interest in shrewd gas meters has expanded in an assortment of businesses.
Coronavirus has featured the weaknesses of the shrewd meter inventory network industry, as numerous associations depend on China as a worldwide assembling center for the brilliant meter industry and have likewise experienced disturbances in worldwide stockpile chains. While manufacturing plants and organizations in China are gradually resuming tasks, there is an effect on the brilliant gas meter industry because of COVID-19.
Developing nations are relied upon to set up 148 million shrewd meters over the course of the following five arising keen meters market across the globe and are anticipated to offer undiscovered freedoms for savvy meters clients. To create progressed meters, these non-industrial nations are likewise anticipated to put about USD 91 Billion in the improvement of the savvy network foundation for battery stockpiling and framework computerization.
Prime tasks have effectively started in 2021 in a large portion of the non-industrial nations of arising areas. The ascent in the utilization of energy limits alongside government activities to assemble understanding is anticipated to set out wonderful market development open doors.
The upkeep and the high establishment cost are significant issues that can frustrate the development of the market. Alongside that similarity issue of the gadget is another significant reason for limitation, which is probably going to upset the development of the market.
The greater part of the smart gas meter Industry is viable with their own provider, which implies these sorts of savvy meters can't adjust to the association of some other or adversary providers association; it is another central explanation that can restrict the shrewd meter market development.
The shortfall of acknowledgment about the advantages of the gadget and assembly request is the significant difficulties influencing the brilliant meter market development. Furthermore, the necessity of the immense interest in the underlying stage and more than normal expense identified with the establishment of the gadget can likewise influence the market development. The difficulties for the central members are to make mindfulness programs in which there is an unmistakable exhibit about the high-level savvy meters to an enormous scope local area that trusted in conventional meters more.
The worldwide smart gas meter Market Outlook is projected to arrive at USD 34,635.7 Million by 2025 with a CAGR of 9.55% during the conjecture time frame. To handle the unsafe impacts of contamination, shrewd power meters are being embraced around the world by different nations to receive outflow control guidelines. The Asia pacific keen meters market is projected to enlist a 9.91% CAGR during the appraisal time frame because of the great speculations and expansion in the shrewd meter market size in this locale.
Value Chain Analysis
As indicated by the reports, the worldwide smart gas meter Market Outlook is sectioned based on type, innovation, application, and locales. Based on the sort, the market is sub-sectioned into electric meters, gas meters, and water meters. The electric meter sectioned has represented the biggest keen meters piece of the pie. The electric meter is anticipated to ascend at a 55.6% CAGR in the conjecture time frame, and the gas meter is relied upon to ascend at a 9.56% CAGR during the development time frame.
Based on the innovation, the market is sectioned into programmed meter perusing (AMR) and progressed metering foundation (AMI). The AMI innovation holds the biggest offer on the lookout, and it is relied upon to ascend at a 9.77% CAGR during the audit time frame.
Based on the end-client application, the market is divided into private, mechanical, and business. The private portion is relied upon to hold the biggest piece of the pie, and it is required to ascend at a 9.81% CAGR during the evaluation time frame as far as the keen meters market income.
In view of the application, the smart gas meter Market Analysis is portioned into electric meters, gas meters, and water meters.
In view of the impetus types, the market is sectioned into three sorts private, modern, and business.
Based on the areas, the worldwide smart gas meter Market Growth pattern is divided into the Americas, Europe, Asia Pacific, and the remainder of the world. The Asia Pacific market is relied upon to hold the most extreme offers in the keen meters market during the survey time frame. The ascent in the interest for brilliant meters in financially incredible nations, for example, India and Thailand, is the significant reason for the development of the shrewd meters market in this locale. The Asia pacific shrewd meter market is anticipated to enlist a 9.91% CAGR during the evaluation time frame.
The European fragment is expected to hold the second-biggest offer in the worldwide savvy meters market. The ascent in the shrewd meters industry in this locale is probably going to help the market development. North America is another developing business sector in the worldwide brilliant meters market in this district. It is projected to help the shrewd meters market drifts in this district.
The report highlights smart gas meter Market Growth potential in terms of its revenue hike by the end of the forecast years in 2028.
The segmentation table is as follows:
|CAGR||5.24% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Product, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Siemens AG. (Germany), Schneider Electric (France), Landis+Gyr (Switzerland), Aclara Technologies LLC (U.S.), Xylem, Inc. (U.S.), Badger Meter, Inc. (U.S.), Itron Inc. (U.S.), Honeywell International Inc. (U.S.), EDMI (Singapore), DIEHL Metering (Germany), Apator Group (Poland), Kamstrup A/S (Denmark), Zenner (Germany)|
|Key Market Opportunities||Needs For Efficient Energy Usage|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The lack of awareness in third-world countries is projected to create impediments in the growth of the market as a broad consumer base is till unaware of the benefits.
The market players in the market such as Aclara Technologies, Itron Inc., Honeywell International Inc., Xylem Inc. and Landis+Gyr are optimizing their strategies to meet the opportunities that may come in the future.
The need to gain overall energy savings is expected to spur the Asia Pacific region into a favorable position during the forecast period.
An income worth USD 3.55 Bn is expected to be gained by the end of 2027, due to the increasing consumption of utilities.
The absence of mindfulness in underdeveloped nations is projected to make obstructions in the development of the market as a wide shopper base is still ignorant of the advantages.
Global Smart Gas Meters Market: Competitive Landscape
Landis+Gyr (Switzerland), Xylem, Inc. (U.S.), Aclara Technologies LLC (U.S.), Honeywell International Inc. (U.S.), and Itron Inc. (U.S.) are the five major players in the global smart gas meters market. Landis+Gyr & Itron Inc. holds the first position among the top five players, commanding 32.0% market share as of 2016 followed by Honeywell International Inc. with 18.0% market share. These companiers are likely to maintain their strong global presence through expansion, merger & acquisition, partnership & collaboration, and extensive product portfolio.
Itron Inc. a prominent player in smart gas meters market specializes in advanced metering, network communications, smart grid, home area networking, smart metering, gas meters, meter data management, and thermal energy measurement and control. The firm invests heavily in research and development to develop and deliver high-quality products to their customers. The firm mainly caters to specific industries, which include Gas, Water, Electricity, Thermal Energy, Internet of Things and Smart Cities. Over time, the firm has managed to establish operations, across the globe, specifically in the United States, EU, Asia Pacific and other regions.
Landis+Gyr is a leading solution provider for electricity, gas, heat/cold, and water utilities worldwide. It offers electricity meters, such as commercial and industrial, grid, residential, and prepayment meters; MV/LV monitoring and control terminals; gas meters; communication units; and heating and cooling meters. Landis+Gyr operates in over 30 countries, across the five continents of Americas, Asia Pacific, Europe, Middle East and Africa with more than 6,000 employees.
Honeywell International Inc. a diversified technology and manufacturing company founded in 1906. The company is headquartered in New Jersey, US, they have a unique blend of physical products and software that enable end-users to improve homes, buildings, factories, utilities, vehicles, and aircraft. The company operates through four operating segments of aerospace, home and building technologies, performance materials and technologies, and safety and productivity solutions. Home and Building Technologies is a leading global provider of products, software, solutions and technologies. The segment offers products and services such as controls and displays for heating, cooling, indoor air quality, ventilation, humidification, lighting and home automation, advanced software applications for home/building control and optimization. It also includes products, services and solutions for measurement, regulation, control and metering of gases and electricity; metering and communications systems for water utilities and industries; access control, and others.
Aclara Technologies LLC, a prominent provider of smart infrastructure solutions (SIS) pertaining to water, gas, and electric utilities worldwide. The company offers a comprehensive suite of solutions comprised of meters and edge devices, Advanced Metering Infrastructure (AMI), installation services and provision of labor with a single point of accountability to utilities. Aclara Technologies LLC has its offices in the U.S., the U. K, Taiwan, Philippines, and Taiwan. The company currently has a workforce of over 900 people.
Xylem, Inc. is one of the leading global water technology providers, enabling efficient transport, treatment, testing of water. The company has various brands such as Bell & Gossett, Sensus, AC Fire, Flojet, and Flowtronex, which operate in more than 150 countries such as U.S., India, Canada, U.K. and others. The company operates through three segments, namely, Water Infrastructure, Applied Water, and Sensus. The Sensus segment delivers communications, smart metering, measurement and control technologies and services that allow customers to use their distribution networks more effectively, for delivery of critical resources such as water, electricity and natural gas.
The growth of the market vendors is dependent on market conditions, government support, and industry development. Players focus on strengthening their presence worldwide through expansion followed by mergers & acquisitions during the forecast period. These strategies are widely adopted to increase their presence, customer base, and achieve the operational efficiency. The competitive environment in the market is likely to intensify further due to the increase in new product developments and business expansions. Companies continue to emphasize on the adoption of new growth strategies to gain a greater foothold in the market on a global level.