Smart Gas Metering Systems Market Size By Application (Residential, Commercial, Utility), By Technology (AMR, AMI), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2017 – 2024

Published Date: Mar 2018  |  Report ID: GMI1234  |  Authors: Ankit Gupta, Aditya Singh Bais

Report Format: PDF   |   Pages: 241   |   Base Year: 2016

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Smart Gas Metering Systems Market size surpassed USD 1 billion in 2016 and is poised to register over 21% growth between 2017 and 2024. Growing measures toward energy conservation coupled with increasing fuel prices will boost the market revenue. The incessant need for billing accuracy & enhanced customer service has further instigated a favourable business scenario toward the adoption of these systems.

UK Smart Gas Metering Systems Market By Application

Get more details on this report - Request Free Sample PDF

Stringent government norms toward energy management along with mandatory nationwide rollout programmes pertaining to environmental sustainability will propel the smart gas metering systems industry share. Government legislations mandating the adoption of smart meters as a part of comprehensive energy conservation initiatives will further provide a stimulus to the market growth.

The rising need to eliminate losses during distribution of gas along with need to reduce the operational expenditure of conventional metering systems will drive the market size. Increasing investments toward smart grid infrastructure coupled with ongoing expansion of gas pipelines network will further augment the business growth.

Market by Application

Commercial segment for 2016, accounted for over 30% of the global market share. Increasing consumer focus toward energy savings during peak hours will positively influence the industry outlook. Installation of advanced meters to reduce energy bills and effectively map fuel consumption will further fuel the product demand.

Introduction of nationwide rollout plans and directives toward replacement of conventional meters across residential will positively impact the market size. Shifting focus toward construction of smart homes with positive outlook toward management of energy usage will further facilitate the product adoption.

Market by Technology

Automated Meter Reading (AMR) segment will dominate the market share on account of their high adoption with regard to affordable prices. AMR is a conventional technology that facilitates one-way communication by collecting energy consumption and transferring the data from end consumer to the utility.

Smart gas metering systems market share from Advanced Metering Infrastructure (AMI) is set to witness around 20% CAGR through 2024. AMI technology allows utilities to enhance their customer relationship and actively engages the customers in their consumption decisions with real-time access to the usage information. Shifting focus to AMI technology as a part of the smart grid initiative will further propel the product demand.

Market by Region

Europe smart gas metering systems industry will grow at a substantial rate owing to government directives and mandated rollout programs across various countries. Increasing measures toward optimization of operational efficiencies of gas utilities and access to billing records will positively influence the business outlook.

Increasing energy prices and consequent growing consumer interest toward billing transparency & accuracy will stimulate the U.S. market value. Low emission levels and cost-effective prices are some of the imperative parameters that will stimulate the adoption of these meters across the utility and commercial sectors.

China smart gas metering systems market will witness gains at over 25% during the forecast period. The introduction of favourable government initiatives along with growing consumer inclination toward intelligent metering systems will fuel the industry demand.

Rapid urbanization and increasing concerns for theft protection will stimulate the MEA market size. An array of projects and initiatives undertaken by government authorities for facilitating the deployment of intelligent systems will further propel the market demand.

Competitive Market Share

Eminent industry players include Honeywell International, Badger Meter, Siemens, Itron, Osaki, Landis+Gyr, Aclara Technologies, Sensus, Raychem, Apator, Schneider and Diehl Metering among others.

Strengthening voluntary industry initiatives by several global manufacturers are also compelling national governments to establish minimum operational requirements and introduce incentives for the adoption of advanced metering solutions.

Industry Background

Smart gas meters work with an integrated smart energy monitor to provide operational flexibility and effectively track the consumption and associated costs. These meters can feasibly track and modulate the consumption of gas and are designed to calculate the overall consumption and supply costs to ensure cost benefits and curb the wastage of energy.

The smart gas metering systems market research report includes in-depth coverage of the industry with estimates & forecast in terms of Units and USD from 2013 to 2024, for the following segments:

By Application

  • Residential
  • Commercial
  • Utility

By Technology

  • AMI
  • AMR

The above information is provided on a country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Sweden
    • Italy
    • Portugal
    • Netherlands
    • Luxembourg
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Lebanon
    • Egypt
  • Latin America
    • Mexico
    • Brazil
    • Uruguay
    • Argentina

Frequently Asked Questions (FAQ) :

The market size of smart gas metering systems was valued over USD 1 billion in 2016.
The industry share of smart gas metering systems is projected to expand at 21% CAGR during 2017 to 2024.
According to this report, the market share from Advanced Metering Infrastructure (AMI) technology is set to register around 20% CAGR through 2024.
The China market will record gains at over 25% during the forecast period led by growing consumer inclination toward intelligent metering systems.
Eminent industry players include Honeywell International, Badger Meter, Siemens, Itron, Osaki, Landis+Gyr, Aclara Technologies, Sensus, Raychem, Apator, Schneider and Diehl Metering.

Premium Report Details

  • Published Date: Mar 2018
  • Pages: 241
  • Tables: 336
  • Charts / Figures: 17
  • Companies covered: 14
  • Countries covered: 24

Get a report that explains COVID-19 impact on this market

Buy Now

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X